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St. Jude Medical shares were down 4.6% to $37.45 midday Wednesday, making it the worst-performing stock in the S&P 500 Index .

In its most prescriptive recommendations to date, the International Monetary Fund Wednesday urged euro-area policymakers, and especially the European Central Bank, to act aggressively to stem the relentless spread of the debt crisis across the currency bloc.

Russian gold producer Nordgold NV (NORD.LN) said Wednesday that it intends to buy the remaining shares it doesn't already own in High River Gold Mines Ltd. (HRG.T) in a deal that values the Toronto-listed miner at $1.2 billion.

BP PLC, the oil and gas company, said Wednesday it is beginning the next stage in the process of selling its 50% stake in TNK-BP, a Russian oil company owned equally by BP and Alfa Access-Renova, after the latter company decided to exercise its right to enter a period of negotiation to purchase

It's official: The U.S. House Judiciary Committee has scheduled a hearing for next Tuesday on giving states the power to force online retailers to collect state sales taxes.

Netherlands-based Stork Technical Services HOLDCO BV has decided not to proceed with its planned 315 million euros ($386.7 million), seven-year, high yield bond, said one of the banks on the deal Wednesday.

An unexpected drop in U.K. unemployment boosted the stock market Wednesday, while U.S. Federal Reserve Chairman Ben Bernanke's statements suggested the central bank was prepared for more stimulus measures if needed.

St. Jude Medical Inc.'s (STJ) second-quarter earnings edged up 1.2%, helped by lower costs, but the medical-device maker cautioned it is feeling pressure from broad, macroeconomic turmoil that is likely to weigh on results in coming months.

Following in larger rival Verizon Wireless’ footsteps, AT&T introduced its own version of shared data plans that is helping to change the way data is dispersed and paid for.