Despite news that Airbus had won its biggest contract ever for its next-generation A350 business jet, UBS downgraded shares in its parent company, EADS. Read more..

By CAROLINE BROTHERS - The New York Times

The Russian export monopoly warned the European Union that it was endangering the security of its natural gas supplies by planning to break up the Continent’s energy giants. Read more..

By JUDY DEMPSEY - The New York Times

After weeks of speculation, the German media conglomerate appointed Markus Dohle, the head of its printing unit, to run the division. Read more..

By MOTOKO RICH and MARK LANDLER - The New York Times

The American Bible Society said its president and chief financial officer had been placed on temporary leave following reports of payments made to a contractor with ties to online pornography. Read more..

By BRAD STONE - The New York Times

Former Merrill Lynch executive Dow Kim delayed the launch of his hedge fund recently as financial backing from some large investors, including Credit Suisse, failed to materialize. Read more..

By DEALBOOK - The New York Times

The government of Iceland’s bond rating was lowered to Aa1 from Aaa by Moody’s Investors Service on growing concern that the country’s banks may face a credit squeeze. Read more..

By BLOOMBERG NEWS - The New York Times

Stocks dropped sharply on retail earnings and new concerns about inflation while oil prices continued to rise, closing at $129.07. Read more..

By JOHN SULLIVAN - The New York Times

The Regal Entertainment Group, the world’s largest cinema operator, has reached an agreement to equip 1,500 screens to show three-dimensional films. Read more..

By BLOOMBERG NEWS - The New York Times

Senators say the legislation approved on Tuesday to help suffering homeowners refinance costly loans could rescue the housing market, but others say the plan is riskier than it seems. Read more..

By CHARLES DUHIGG and DAVID M. HERSZENHORN - The New York Times

As marketers strive to counter the growing ability of viewers to skip or avoid advertisement spots, they are bringing back the live commercial. Read more..

By STUART ELLIOTT - The New York Times