LISLE, Ill.—-Guggenheim Partners, LLC , a global diversified financial services firm, and Claymore Group Inc. , a leading provider of innovative investment products, including exchange-traded funds , closed-end funds and unit investment trusts, announced that they have entered into an agreement and plan of merger.

Stocks moved modestly higher in early trading Wednesday, ahead of the Federal Reserve’s interest rate announcement, a day after the market posted its biggest losses in five weeks.

DENVER—-BusinessGenetics®, a pioneer in the Business Modeling, Business Requirements, Business Improvement and IT automation markets, is proud to announce the release of the Chinese version of their book, Business Genetics: Understanding 21st Century Corporations Using xBML®.

MCLEAN, Va.—-Alion Science and Technology, an employee-owned technology solutions provider, today announced that it is the single award winner of an Indefinite Delivery Indefinite Quantity contract valued at up to $49M to provide Modeling and Simulation support to the Space and Naval Warfare Systems Center Atlantic .

CLEARWATER, Fla.—-Tech Data Corporation today announced its TechEDG team of public-sector sales and services specialists will expand support for value-added resellers pursuing federal IT spending.

The Bank of England warned that the recession appeared to be deeper than it previously thought and that recovery would be slow, even as it noted on Wednesday that the short-term prospects for the economy had improved.

Stocks climbed on Wednesday, boosted by a bounce in financial shares, while semiconductor stocks gained after Applied Materials said it would at least break even this quarter.

European and U.S. stock markets rose modestly Wednesday ahead of a key policy statement from the U.S. Federal Reserve — and despite jitters earlier in Asia after Wall Street suffered Tuesday its biggest drop in five weeks.

Stocks moved modestly higher in early morning trading Wednesday, ahead of the Federal Reserve’s interest rate announcement, a day after the market posted its biggest losses in five weeks.

Workers’ wage concessions won’t be enough to help YRC Worldwide Inc. avoid bankruptcy in the long term, an analyst said Wednesday as he downgraded the trucker.