Reuters - The Pentagon is ending for now a $35 billion transatlantic aerial-refueling competition, handing a seven-year headache to the next administration and boosting Boeing Co's hopes to keep Airbus planes out of the fleet.

Reuters - Chrysler LLC plans to introduce seven major vehicle models in 2010 and expects to produce electric-drive vehicles not long after that, Co-President Jim Press told reporters on Wednesday.

Reuters - Stocks rose more than 1 percent on Wednesday as OPEC's move to shore up oil prices boosted energy shares and Texas Instruments' strong outlook eased fears about technology spending, offsetting anxiety about the banking sector.

Reuters - Lehman Brothers Holdings Inc plans to sell a majority stake in its asset management unit and spin off commercial real estate holdings, hoping to restore investor confidence and ensure its survival after reporting a record quarterly loss of about $4 billion.

AFP - Europe's leading stock markets extended gains on Tuesday as crude oil futures slid close to 100 dollars a barrel, traders said.

Reuters - Nokia Oyj (NOK1V.HE) said on Wednesday it has signed a deal with Microsoft to expand corporate e-mail access to 80 million Nokia phones as the world's top handset maker battles Blackberry-maker RIM .

Reuters - Chief financial officers are more optimistic about the direction of the U.S. economy, but remain concerned about consumer demand and weak credit markets, according to a quarterly survey.

Reuters - Lehman Brothers is set to announce key initiatives on Wednesday that could include plans to sell a package of British real estate assets to BlackRock Inc to raise much-needed capital to survive the global credit crisis.

Reuters - Billionaire investor Warren Buffett's Berkshire Hathaway Inc (BRKa.N) has told one of its units to stop insuring bank deposits above the amount guaranteed by the U.S. federal government, the Wall Street Journal reported.

Reuters - State-run Korea Development Bank is seeking a controlling stake in Lehman Brothers for about $6 billion, Yonhap reported on Wednesday, citing a high ranking KDB official.

AP - British natural gas producer BG Group PLC on Tuesday abandoned its hostile takeover bid for Origin Energy Ltd., Australia's second-largest power retailer.

AFP - Global stocks soared Monday in a massive relief rally after the US government took over ailing mortgage giants Fannie Mae and Freddie Mac, easing fears of a global financial meltdown.

Reuters - The U.S. government's move to take control of Fannie Mae and Freddie Mac will help shore up the housing market, the banking system and the wider economy, a senior International Monetary Fund official said on Tuesday.

Reuters - Pending sales of existing U.S. homes fell more sharply than expected in July, partially erasing gains from the previous month, data from a real estate trade group showed on Tuesday.

Reuters - Stocks sank on Tuesday, as concern about Lehman Brothers' ability to raise much-needed capital battered financial shares on renewed fears about the impact of mortgage losses.