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U.S. stocks rose on Wednesday, boosted by earnings including Apple and Boeing, while focus could shift later in the day to the Federal Reserve's first two-day policy meeting of the year. The Fed is expected to signal it remains on track to begin raising interest rates later this year, as it shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. The Nasdaq Composite jumped, powered by a 7.9 percent advance in Apple shares to $117.75. Apple smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season, which helped the company post the largest quarterly profit in corporate history.

Boeing Co reported a 23 percent increase in core fourth-quarter profit on Wednesday, topping analysts' estimates and sending its shares up 4.3 percent. Boeing forecast a rise in cash flow to $6.2 billion in 2015, at the top end of expectations, from $4.3 billion at the end of the year. Boeing's results showed strong year-end performances across its businesses. In contrast, commercial airplane margins narrowed as Boeing delivered more 787 Dreamliners, which remain costly to produce.

The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. The Fed's first two-day policy meeting of the year concludes on Wednesday, and policymakers will likely restate their "patient" approach to raising rates, while also voicing faith that the economy will continue improving. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by mid-year, with a strengthening dollar and falling oil prices adding to worries that inflation readings remain too low for the Fed to begin hiking. "The Fed will follow through and normalize rates later this year...Our thinking is June.

Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. Apple's cash pile is now $178 billion, enough to buy IBM or the equivalent to $556 for every American. Apple Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China than the United States, despite some earlier predictions by research analysts. The company's success in the competitive Chinese market can be attributed to its partnership with China Mobile Ltd , the largest global mobile carrier, and the appeal of the larger screen size of the iPhone 6 and 6 Plus.

Apple Inc's blockbuster results and a ballooning cash pile may prompt the company to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors. Apple's shares rose as much as 8 percent to $118 in early trading on Wednesday, after the company posted the biggest-ever quarterly profit by a public corporation. Apple sold a record 74.5 million iPhones in the quarter and reported a 70 percent surge in China sales. "We had to increase our cell widths and chart heights after Apple's blow-out December-quarter print," RBC Capital Markets analysts wrote, raising their price target to $130 from $123.

Fiat Chrysler Automobiles reported full-year operating profit in line with its guidance on Wednesday as strong results from North America and improving operations in Europe and Asia managed to offset weakness in Latin America. The world's seventh-largest carmaker, which moved its primary listing to New York in October and is due to spin off luxury unit Ferrari later this year, reported core 2014 operating profit of 3.65 billion euros ($4.14 billion). This falls within a guidance range of between 3.6-4.0 billion euros and is above an analyst forecast of 3.4 billion euros, according to Thomson Reuters SmartEstimate. In 2015, FCA forecast core operating profit of between 4.1-4.5 billion euros, while revenues are seen rising to around 108 billion euros.

By Andreas Cremer BERLIN (Reuters) - With Volkswagen having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading a loss-making luxury saloon. The 76,000-euro (56,688 pounds) Phaeton, a pet project of Chairman Ferdinand Piech, has never met VW's original sales target of 20,000 cars annually. The plans appear all the more perplexing to analysts as VW has pledged to make annual cost savings of 5 billion euros at its passenger-car brand by 2017, as the world's second-biggest carmaker by sales seeks to narrow the gap with global leader Toyota . "Now it's about being leaner, faster, more efficient." His comments echoed VW's plans to reduce the number of costly parts and drop some non-profitable variants from the German group's 310-model line-up as Europe's largest automaker shoulders costs of future growth and investments in lower-emissions technology.

Nissan Motor Co is recalling about 768,000 vehicles, including its popular Rogue crossover and Pathfinder SUV, for separate problems, the company and U.S. regulators said on Wednesday. Some 552,135 Rogues from model years 2008 and 2013 will be recalled because moisture could seep through the driver side floor and cause an electrical short to wiring that could lead to a fire, Nissan and the National Highway Traffic Safety Administration (NHTSA) said. No crashes or injuries have been reported due to the wiring issue, a Nissan spokesman said on Wednesday morning. Also, 215,789 Pathfinder SUVs from the 2013 and 2014 model years and 2013 Infiniti JX35 vehicles will be recalled for problems related to a secondary hood latch, Nissan and NHTSA said.

(Reuters) - Oil producer Chevron Corp said it would work with peers BP Plc and ConocoPhillips to explore and appraise 24 jointly held offshore leases in deepwater Gulf of Mexico. Chevron said on Wednesday it would operate the leases, for the Gila and Tiber fields and the Gibson exploration blocks east of Gila, in the northwest part of Keathley Canyon.

(Reuters) - Burger chain Shake Shack Inc now expects its initial public offering to be priced at $17-$19 per share, up from $14-$16 expected earlier, valuing the company at up to $674.5 million.

NEW YORK (AP) — A pair of better economic reports helped nudge the U.S. stock market up in early trading Thursday, even as global markets headed lower.

ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demonstrations to protest further austerity cuts in the cash-strapped country.

Stocks were on track to finish higher Thursday afternoon for the second day in a row as investors drew encouragement from reports on Chinese manufacturing, U.S. home sales and some positive earnings from Best Buy, Dollar Tree and other retailers.

Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.

NEW YORK (AP) — U.S. stocks are opening mixed as investors look over more earnings reports from big companies.

When IBM signed up for Basic and DOS in 1980, Microsoft was tiny (40 staff) compared to Big Blue (341,279). But in the latest round of quarterly results, Microsoft unveiled bigger revenues, and it has 10x more cash in the bank.

As it turns out, Evernote has a full version management system built into its software. If you want to recover older versions of a note, we'll show you how.

The latest update to iOS 8 reduces the amount of space needed to install an update and squashes a number of bugs.>

Looking for a profitable niche, the PC maker gives its 15-inch M3800 workstation a 4K display, Thunderbolt 2 and new storage options to coax video editors and others who use Apple laptops.>

At $50 list, this wallet-size power supply is woefully overpriced. But at $15? Now we're talking.>

Imagine a blood-spattered post-apocalyptic Saturday morning cartoon with "Total Recall" baddie Michael Ironside in it. Yeah.>

Download specs for a 3D-printed tiny wheelchair thanks to Bubbles, the two-legged dachshund and her crafty owners.>

Boosted by hot iPhone sales, the company topped the $15.9 billion earned by ExxonMobil in the second quarter of 2012, says Standard & Poor's.>

Twitter has responded to users' requests and is bringing private group messaging and "mobile video camera" to its platform.

In an Empire state of mind? Wear this highly detailed Anovos "Star Wars" costume to relive all your favorite Battle of Hoth moments from "The Empire Strikes Back." No AT-AT required.>

Cost-control practices enable Nintendo to turn a profit, despite revenue sliding 11.3 percent during last 9 months of 2014.>

- Stephen HawkingAccording to the 2015 State of the CIO report, there is a significant perception gap between business leaders and IT executives. Only 13% of business leaders perceive the CIO as a business partner.

Ofcom and the FTC are the latest government agencies to start work on their strategies for, and responses to, the IoT.

Online privacy company Abine today announced its new Private Search anti-tracking tool for those who want to use Google Search in Firefox without being tracked by Google.

The Good Management Suite targets organizations new to the practice of mobility in the workplace.

Could Star-Lord be Indy? Disney is rumored to be reviving the adventures of everyone's favorite whip-cracking archaeologist. But will Chris Pratt play the lead?>

Verizon's managed certificate service aims to secure Internet of things endpoints for enterprises with large deployments underway.

The meteoric rise of Docker's container technology over the past year risked putting the project under strains that its new structure will address, says recently-appointed chief operator Steve Francia.

Microsoft's Surface hybrid has broken though the $1bn revenue mark. Does this mean it can now be described as a success?

A search for a good $100 tablet turned up not one but two from a major brand. One runs Windows 8.1 and the other Android.

As the US company aims to disrupt taxi markets across the globe, regulators in several countries in Asia are making it difficult for it to gain a foothold.>

Security firm Kaspersky claims Regin is strikingly similar to QWERTY malware documented in Snowden files.

LibreOffice is still chained to the desktop but it's looking towards cloud and mobile, with an Android version under development.

The notebook also gets a Thunderbolt 2 port, boosts maximum storage to 2TB, and offers an Ubuntu option.