Supreme Court considers 2007 Arizona immigration law

WASHINGTON (Reuters) – The Supreme Court on Wednesday stepped into the fierce national debate over illegal immigration, considering an Arizona law that allows the state to shut down businesses that hire undocumented workers.

Bill would bar Guantanamo detainees from U.S. soil

WASHINGTON (Reuters) – A federal spending bill the House of Representatives was expected to pass on Wednesday would bar the transfer of terrorism suspects from Guantanamo Bay prison to U.S. soil, a blow to the Obama administration’s efforts to prosecute them in criminal courts.

MasterCard, Visa targeted in apparent cyberattack

The corporate websites of Visa and MasterCard were inaccessible at times Wednesday due to an apparent cyberattack by purported Wikileaks backers.

Google says shut out of USDA cloud computing deal

SEATTLE (Reuters) – Google Inc didn’t get the chance to compete for the largest federal government “cloud computing” deal yet announced, according to the Web firm, adding to its concerns that government agencies are unfairly favoring rival Microsoft Corp.

Treasury to cut AIG stake in big stock sale

NEW YORK (Reuters) – The Treasury plans to sell about one-fifth of insurer AIG through a stock offering in the first half of 2011, an important test of the government’s ability to profitably exit one of its most controversial bailouts.

"Inept" moves preceded BP spill: U.S. panel co-chair

WASHINGTON (Reuters) – BP and its contractors made a series of decisions that were “breathtakingly inept” ahead of the largest offshore oil spill in U.S. history, a co-chair of the White House oil spill commission said on Wednesday.

Financials, semiconductors help Wall Street advance

NEW YORK (Reuters) – U.S. stocks edged higher on Wednesday as gains in financial and technology stocks offset declines caused by a recent surge in bond yields.