Reuters - Foster's Group Ltd , Australia's largest brewer, knocked back a private equity offer worth up to $2.5 billion for its wine business as too cheap, but the approach could spark offers for the entire group.

Reuters - Japan's government sharpened its rhetoric on foreign exchange intervention on Wednesday as a rise in the yen to a 15-year high underlined concerns that the currency's strength could threaten the economic recovery.

Reuters - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.

Reuters - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.

Reuters - Asian stocks fell on Wednesday, with Japan's big exporters among the heaviest losers as a rise in the yen to a new 15-year high threatens to erode their overseas earnings.

AFP - Connecticut's top law enforcement official called for online classifieds website Craigslist to confirm that it has permanently closed its "adult services" listings.

AP - Hewlett-Packard Co. is suing Mark Hurd, the chief executive it ousted last month, to stop him from taking a top job at rival Oracle Corp.

AP - President Barack Obama's proposed tax breaks for business sound like ideas that have enjoyed broad Republican backing in the past. But in today's toxic political atmosphere, he's unlikely to get much — if any — GOP help.

Reuters - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."

AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.

AP - Motorists should see pump prices slide again after spending a little more to fill their tanks over the Labor Day weekend.

AFP - YouTube has begun offering glimpses into a day in life around the world.

AFP - A former State Department official credited with helping bring social networking and other Web 2.0 tools to US diplomacy has been tapped to head a new division at Google called "Google Ideas."

AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.

AP - East Asia is the world's electronics factory, yet unless they are Japanese, producers are largely anonymous. Now HTC Corp., a Taiwanese maker of smart phones, is moving out of the shadows and trying to establish its own brand name as it competes with Apple's iPhone.