Wall Street opens higher as oil rebounds; Fed eyed

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U.S. stocks opened higher on Wednesday, helped by a rebound in oil prices, and ahead of a widely expected interest rate hike by the U.S. Federal Reserve.

The Dow Jones Industrial Average . DJI rose 33.5 points, or 0.16 percent, to 20,870.87. The S&P 500 . SPX gained 4.83 points, or 0.20 percent, to 2,370.28. The Nasdaq Composite . IXIC added 10.60 points, or 0.18 percent, to 5,867.41.

Toshiba offers memory chip shares as collateral for loans: sources TOKYO Japan's crisis-racked Toshiba Corp has offered shares in its memory chip unit to creditors as collateral to secure debt refinancing, people briefed on the matter said on Wednesday.

Audi searched by German police in Dieselgate swoop INGOLSTADT, Germany German prosecutors searched Audi's two biggest plants and other sites on Wednesday in connection with the emissions scandal still rocking parent Volkswagen , adding to pressure on the luxury division and its Chief Executive Rupert Stadler.

GM will rehire 500 Michigan workers slated for layoffs WASHINGTON General Motors Co plans next year to rehire 500 Michigan assembly plant workers who are to be laid off in May, citing increased demand for larger vehicles, the company said on Wednesday.