Business

Shares of Baltic Trading are little changed in their market debut Wednesday after the initial public offering raised 8.2 million. ...

Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves. ...

In a story March 2 about the arrest of three suspects in the virus infection of nearly 13 million computers, The Associated Press erroneously reported the spelling of the last name of a captain with Spain's Guardia Civil, which is investigating the case. The captain's correct name is Cesar Lorenzana, not Lorenza. ...

Wholesale inventories drop 0.2 pct in January while sales advance for 10th consecutive month. ...

World stock markets rose modestly Wednesday, though trading was listless as investors looked for direction. The British pound continued to founder following weak industrial output figures. ...

Investors are searching for direction Wednesday, after two days of relatively flat trading. Stocks edged higher in early morning trading. ...

The company responsible for a ballooning recall of processed foods continued to manufacture and distribute a flavor-enhancing ingredient for a month after tests confirmed it was made with contaminated equipment, according to a Food and Drug Administration report. ...

German car and truckmaker Daimler AG says it expects a turnaround in the global truck market and an improvement in the truck division's 2010 earnings before interest and taxes. ...

Fertilizer company Terra Industries said Wednesday its board favors a bid to be acquired by CF Industries instead of a previous agreement with Norway's Yara. ...

Google's CEO says the Internet search company is in active negotiations with the Chinese government and expects some sort of resolution in its dispute with Beijing soon. ...

Fertilizer company Terra Industries says it will pursue a bid to be acquired by CF Industries instead of a previous agreement with Norway's Yara. ...

German publisher Axel Springer AG said Wednesday that net income fell 45 percent in 2009 to euro314 million (7 million), with a drop in demand for newspapers and magazines mitigated only partially by new Internet revenues. ...

The Treasury Department has received .39 million from the sale of warrants it received from Washington Federal Inc. as part of the support it provided from the government's 0 billion bailout program. ...

Defense contractor Science Applications International Corp., or SAIC Inc., on Wednesday said it received a contract from the U.S. Navy to develop and enhance command and control software. ...

Treasury Department receives .39 million in auction of Washington Federal warrants. ...

The electronics giant will shift to "attack" mode by ramping up unit production and attempting to shore up market share, despite trailing rivals planning earlier 3-D models. ...

Citigroup plans to roughly double the size of its private banker force in North America over the next several years. ...

The Anglo-Dutch oil major said it is no longer selling gasoline to Iran, the latest company to make such a move during threats of tougher sanctions against the Islamic republic. ...

Toyota and federal investigators probed the latest report of sudden acceleration, a dramatic incident on a California highway that ricocheted around the Internet. ...

Beleaguered music company EMI said the chief executive of its recorded-music division, Elio Leoni-Sceti, is leaving the firm after less than two years. ...

Actress Lindsay Lohan has sued an arm of E*Trade Financial, alleging the company misappropriated her name and personality in a recent TV ad. ...

China Mobile said it agreed to buy a 20% stake in Shanghai Pudong Development Bank for .83 billion as the mobile operator seeks to expand into mobile payment services. ...

Prosecutors equipped several cooperating witnesses with recording devices to try to obtain information about targets in the Galleon insider-trading probe. ...

Madonna entered a joint venture with Iconix Brand Group to use the entertainer's name and personality in connection with apparel, footwear and other products. ...

The U.K. bank is seeking a retail lender that would give it more deposits and extend the presence of Barclays Capital in the U.S. ...

Northern Rock, the mortgage lender nationalized by the U.K. government after its near-collapse, said its net loss narrowed in 2009, while its government loan rose sharply. ...

Financial investors in Daewoo Engineering unanimously accepted a revised offer from a private equity fund for their stake in the builder, paving the way for its restructuring. ...

Carrier swung to a 4.4 million profit in 2009, lifted by fuel hedging gains and a stake sale. ...

China's Cnooc and French oil major Total are each expected to acquire a third of Tullow Oil's oil assets in Uganda. ...

Bank of America plans to announce that it is eliminating overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations. ...