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The television and the Internet were likely to remain separate for some time, said Steve Jobs, chief executive officer of U. S. technology innovator Apple Co.

The Apple Insider reported on Wednesday that Jobs said at the All Things Digital conference in Rancho Palos Verdes, Calif., "The only way that's ever going to change is if you can really go back to square one, tear up the set top box, redesign it from scratch . and get it to consumers in a way that they're willing to pay for it."

Although equities made a sharp comeback on Wall Street and the dollar was flat, Grain futures closed mostly lower on the Chicago Board of Trade on Wednesday.

Corn was off 5 to off 5 1/2, soybeans were off 1/2 to up 3/4, wheat was off 6 1/4 to off 8 1/4 and oats were off 2 1/4.

With the dollar index up 0.06 percent, the euro gaining slightly against the U. S. currency, corn prices dropped.

It was further reported that with hot, humid weather and potential thunderstorms in the forecast for the northern Plains states, wheat futures slid.

As equities stage a comeback on Wall Street, Crude oil prices gained some traction Wednesday, climbing close to $74 per barrel.

After a drop of 20 percent from its high for the year above $86 per barrel, oil has shown some recent volatility on the New York Mercantile Exchange.

Oil prices are frequently taking a cue recently from policy and stock movement in China. Rising 0.12 percent, the Shanghai composite index was flat on Wednesday.

Adding $1.22 from a prior settlement, July delivery crude oil futures reached $73.80 per barrel, down from an intraday high of $73.93.

According to the reports, current and former credit rating executives in New York Wednesday offered conflicting views of the role of credit rating agencies in the financial meltdown.

CNNMoney. com reported on Wednesday that the three premier credit rating agencies, Fitch's, Moody's and Standard & Poor's, have been criticized for failing to foresee the housing bubble, which put the financial industry in chaos when it began to bust in 2007.

According to the reports, current and former credit rating executives in New York Wednesday offered conflicting views of the role of credit rating agencies in the financial meltdown.

CNNMoney. com reported on Wednesday that the three premier credit rating agencies, Fitch's, Moody's and Standard & Poor's, have been criticized for failing to foresee the housing bubble, which put the financial industry in chaos when it began to bust in 2007.

Stock market analyst Anu Jain has maintained 'buy' rating on Reliance Communication Ltd stock to achieve a target of Rs 162.

According to Jain, the investors can purchase the stock with stop loss of Rs 151.

On June 02, the stock of the company closed at Rs 154.60 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 359 and a low of Rs 134.25 on BSE.

Current EPS & P/E ratio stood at 24.12 and 6.62 respectively.