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Facebook beats Wall Street targets, stock hits record high

SAN FRANCISCO - Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday. | Video

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Judge dismisses suit claiming JPMorgan knew of Madoff fraud

NEW YORK - A U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan Chase & Co board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud.

Bombardier to cut 1,800 jobs, aerospace head retires

- Struggling with long delays in its CSeries jetliner, aircraft maker Bombardier Inc on Wednesday announced it will reorganize its business structure and cut 1,800 jobs, and it said the head of its aerospace division would retire.

8:23pm EDT

Standard Chartered dismisses media rumors on succession plans

- Standard Chartered Plc dismissed media rumors that its chairman was working on a succession plan amid shareholder pressure.

8:10pm EDT

Wal-Mart loses bid to keep documents on bribery probe from shareholder

- The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company's internal probe of allegations the retailer had paid bribes in Mexico.

Shanghai regulator visits 581 firms, restaurants in food safety probe

SHANGHAI - China's food regulator has visited close to 600 restaurants, businesses and food distributors, the watchdog said in a statement, in an investigation into a fast-spreading food safety scare.

Health, China 10:31pm EDT

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