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Benign inflation, strong results lift Wall St
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Reuters
NEW YORK (Reuters) - U.S. stocks rose on Wednesday in light trading after a modest rise in consumer prices in April cooled inflation fears while Macy's Inc and Freddie Mac posted reassuring quarterly results.
Financier Icahn to run board slate for Yahoo - sources
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Reuters
NEW YORK (Reuters) - Billionaire investor Carl Icahn has elected to move ahead with plans to run a dissident board slate at Yahoo Inc, sources familiar with the matter told Reuters on Wednesday.
Oil falls on Iran assurance, U.S. distillate build
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Reuters
NEW YORK (Reuters) - Oil fell on Wednesday, edging away from record highs near $127 a barrel after Iran assured it had no plans to cut exports and U.S. inventory showed a rise in supplies of distillates.
Commonwealth leaders to discuss IMF, World Bank reform
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Reuters
LONDON (Reuters) - Leaders of a dozen Commonwealth countries will meet in London next month to discuss reform of international institutions, such as the International Monetary Fund and World Bank, the organisation said on Wednesday.
IBM to offer business intelligence via BlackBerry
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Reuters
BOSTON (Reuters) - IBM said on Wednesday it has started selling software that lets customers access its Cognos business intelligence software via BlackBerry mobile devices.
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