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BOJ holds steady despite bond turmoil, upgrades economic outlook

TOKYO - The Bank of Japan kept policy steady on Wednesday despite concerns over recent volatility in bond market, saying growth is starting to pick up even as risks loomed from an uncertain global outlook.

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Apple CEO makes no apology for company's tax strategy

WASHINGTON - Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. | Video

Tech, Media 12:00am EDT

Airbus wins Oman Air order for three A330 planes

PARIS - Airbus has won an order for three A330-300 aircraft from Oman Air, the national carrier of the Sultanate of Oman, the European planemaker said on Wednesday.

4:25am EDT

Prosecutors consider using racketeering law against SAC: source

NEW YORK - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter.

12:13am EDT

Merck signs $5 billion share buyback agreement with Goldman Sachs

- Merck & Co Inc said it has entered into a $5 billion share repurchase agreement with Goldman Sachs Group Inc, as the drug giant looks to prop up shareholder value in face of stiff competition from makers of less-costly generics.

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