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Reuters - Student lending company Sallie Mae posted a fourth-quarter loss on Wednesday, citing higher provisions for loan losses due to the weakening credit markets.

AP - Wall Street plunged yet again Wednesday, sending the Dow Jones industrials down as much as 323 points as investors grew increasingly anxious about the prospect of a recession. Disappointing reports from big names like Apple Inc. and Motorola Inc. dashed any notion that the Federal Reserve's emergency rate cut could in short order patch up the economy.

Reuters - Oil prices fell below $87 a barrel on Wednesday as stock markets declined further, shrugging off a temporary reprieve from Tuesday's steep cut in U.S. interest rates amid persistent fears of a global economic slowdown.

Reuters - China's top Internet search firm Baidu.com aims to overtake Google and Yahoo Japan with its local search engine in Japan, its executives said on Wednesday.

Reuters - Stocks dropped for a sixth straight session on Wednesday, led by the Nasdaq's 3 percent slide as profit forecasts from Apple Inc and Motorola added to recession fears.

Reuters - Stocks dropped for a sixth straight session on Wednesday, led by the Nasdaq's 3 percent slide as profit forecasts from Apple Inc and Motorola added to recession fears.

AFP - London shares closed lower after a volatile session that saw the FTSE 100 cover a 326-point range, with oil shares lower on weaker crude prices and cell phone maker Motorola adding to a gloomy corporate picture by posting a dramatic slide in earnings.