Reuters - Merrill Lynch & Co , which is set to merge with Bank of America Corp , plans to cut year-end bonuses in half, Bloomberg News said, citing two people with knowledge of the situation.

Reuters - Asian stocks and oil rebounded on Wednesday from recent sell-offs, but low-risk assets such as U.S. Treasuries also retained their luster despite offering the lowest yields in decades amid worries about the ailing global economy.

Reuters - Goldman Sachs Group Inc is considering launching an Internet banking operation, The Wall Street Journal reported, citing people familiar with the situation.

Reuters - Electricite de France SA offered to buy a 50 percent stake in Constellation Energy Group Inc's nuclear business for $4.5 billion, in an attempt to scuttle a $4.7 billion takeover by Warren Buffett's MidAmerican Energy Holdings Co.

Reuters - Research In Motion Ltd on Tuesday cut its third-quarter outlook below Wall Street expectations, hurt by depreciation of certain foreign currencies relative to the U.S. dollar in the quarter.

Reuters - A top lawmaker predicted Washington would approve a bailout for U.S. automakers after they submitted survival plans, and General Motors Corp and Chrysler LLC said they needed an immediate infusion of cash to avoid failures.

Reuters - Bed Bath & Beyond Inc cut its third-quarter earnings outlook on Tuesday, citing lower expected sales and more promotions, but the home goods retailer did not change its fiscal 2008 view.

Reuters - General Motors Corp warned the U.S. government on Tuesday that it needs a $4 billion loan by the end of December or else it faces the risk of immediate failure.

Reuters - A top lawmaker predicted Washington would approve a bailout for U.S. automakers after they submitted survival plans and two of them, General Motors Corp and Chrysler LLC, said that without an immediate infusion of cash they could fail soon.

Reuters - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer said in a regulatory filing on Tuesday.