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Digital Domain Media Group Inc. (DDMG) settled its patent-infringement claim against Prime Focus World, saying it will license its three-dimensional conversion technology to the company.

Bank of America Corp. (BAC) reported a second-quarter profit as the banking giant benefited from comparison to a tough year-ago period when it took a large hit from soured mortgages, showing improvement even as many of the bank's business lines and balance sheet shrank.

Intel Corp. (INTC) and other tech companies late Tuesday offered encouraging signs for business spending on data-center equipment, something that bodes well for International Business Machines Corp.'s (IBM) forthcoming second-quarter earnings report.

Compass Group PLC (CPG.LN) said Wednesday it purchased for cancellation 300,000 ordinary shares at a price of 663.8986 pence per share.

These nine stocks set 52-week highs: While trading on below-average volume, CF Industries Holdings (NYSE:CF) increased today, reaching and then surpassing its previous 52-week high of $205.11.

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