Reuters - Stocks rose on Wednesday as OPEC's move to shore up oil prices boosted energy shares and Texas Instruments' outlook soothed fear about technology spending even as worries persisted about the health of the banking sector.

Reuters - Lehman Brothers, desperate for capital and fighting for its survival, unveiled a plan to shed weak assets and sell a stake in its funds business, but investors were skeptical and its shares hit new lows.

Reuters - Sales at Sweden's IKEA rose 7 percent in its latest financial year, a Swedish newspaper reported on Wednesday, quoting its top executive as saying the global economic slowdown is weighing on the retailer.

Reuters - Lehman Brothers' stock fell on Wednesday, wiping out initial pre-market gains, after posting a quarterly loss and announced steps to restructure the company. For more see .

Reuters - ImClone Systems Inc said on Wednesday it has received a takeover offer of $70 a share from a large pharmaceutical company, topping an earlier bid of $60 a share from Bristol-Myers Squibb Co and sending its shares up 7 percent.

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.