The Fed's decision to increase securities purchases by $40 billion per month - QE3 - exceeded analysts' expectations, and in his press conference Bernanke outlined the central bank's reasons for the move.
Almost 50 years after the passage of the 1963 Equal Pay Act, women still take in 77 cents for each dollar earned by a man.
EADS and BAE are once again talking of a possible merger that would create a $45 billion company with more than 200,000 employees. The vehicles the two companies make that would end up under one umbrella in the event of a mega-merger range from the world's biggest passenger plane to satellites and submarines.
Citi Habitats, the city's largest rental brokerage, said Manhattan's residential vacancy rate jumped to a three-year high in August as rents continued to escalate.
The Federal Reserve will begin buying more than $80 billion of securities per month in the third attempt at stimulating the U.S. economy by boosting the central bank's balance sheet.
In the statement, the Federal Reserve announced Thursday it will buy $40 billion per month of mortgage-backed securities, the start of the so-called third round of quantitative easing, QE3. The Fed also said it will continue 'Operation Twist,' bringing total securities purchased per month to $85 billion.
When the first customers for the iPhone 5 from Apple (Nasdaq: AAPL), the world's most valuable technology company, get their new products next Friday, chances are they’ll rave over the latest model, the upgrade for the nearly year-old iPhone 4S. But some anticipated items are absent, like an upgrade to Siri, NFC and biometric security.
Steve Wozniak, the programmer and computer engineer who helped launch what would later become Apple Inc. (Nasdaq: AAPL), didn't have the best things to say about his former company when the subject of Apple's recent legal battle with Samsung (KRX:005930) came up, even as he expressed his anticipation for purchasing the new iPhone 5. Speaking to Bloomberg about Wednesday's launch of the highly anticipated iPhone 5 unveiling, Wozniak praised the iPhone 5, but also commented on the recent ...
Nintendo announced that the Wii U release date for Europe will be Nov. 30. This disproves the previous rumors that said the console would not be available until December due to manufacturing issues.
Here are two places to get a live stream of the news conference that Ben Bernanke, the chairman of the Federal Reserve, will hold today following the conclusion of a two-day meeting by the central bank's rate-setting committee.
Britain’s aging population is placing a great burden on health care services.
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, rose 1 percent in Thursday trading after several analysts at firms including Goldman Sachs (NYSEL GS) boosted their price targets for the Cupertino, Calif.-based company, citing potential sales of the iPhone 5.
The four-week average of initial U.S. jobless claims rose last week to its highest level in nearly two months, yet another indication of the nation's anemic job creation ability.
Less than 24 hours after the U.S. government reported it was mostly done with its money-losing bailout of AIG, a Bloomberg News article out Tuesday explained how Wall Street banks are setting themselves up for the next systemic crisis by playing at financial alchemy in the derivatives market.
China's economic slowdown is expected to reach its nadir in the third quarter, leaving growth for 2012 likely to fall below 8 percent, a level unseen since 1999. While top Chinese leaders remain confident that the world's second-largest economy still has "ample strength" in either monetary or fiscal domains to propel economic growth, economists caution that the $158 billion stimulus unveiled by China may not be all it's hyped up to be.
The island, officially French but in fact very much its own place, is among the most beautiful in the Mediterranean, but it still suffers from endemic violence by nationalists and mobsters. What's wrong with Corsica, then?
Come Sept. 30 and Ping, the social music network from Apple, will cease operations after adding social-network integration to iTunes, CNET has reported.
Yahoo! Inc, National Bank of Greece, Nokia Corp, Zynga Inc, Compucredit Holdings, Halcon Resources, Harmony Gold Mining, Amazon.com and Banco Santander are among the companies whose shares are moving in pre-market trading Thursday.
The cabinet will consider a proposal on Friday to allow foreign airlines to buy stakes in local carriers, moving forward with a much-delayed reform that could revitalise debt-ridden domestic carriers.
Facebook Inc. (FB), Wal-Mart Stores Inc. (NYSE: WMT) and Walt Disney Co. (NYSE: DIS) face fresh patent suits from a University of California patent licensee, which sued some of the biggest U.S. companies previously, Reuters reported.
Asian stock markets were mixed Thursday as investors opted for caution ahead of the U.S. Federal Reserve's policy announcement later in the day.
HSBC has cut its India GDP forecast for the fiscal 2013 to 5.7 percent from the previous forecast of 6.2 percent, citing "the lack of reform traction" and a more "challenging" global economic state of affairs.
The U.S. stock index futures point to a lower open Thursday as investors maintained a cautious mode ahead of the Federal Reserve meeting in which there is the likelihood of another round of quantitative easing measures to be announced to invigorate the economy.
Most of the European markets fell Thursday as investors remained watchful waiting for the U.S. Federal Reserve to announce stimulus measures to revive the economic growth.
The Adidas sports apparel line has been valued for both function and performance. Adidas has been an athlete's best friend and key to his or her winning and pride all these years.
The top after-market Nasdaq gainers Wednesday were SciClone Pharmaceuticals Inc, Infinera Corporation, Sanmina-SCI Corporation, Achillion Pharmaceuticals Inc and Glu Mobile. The top after-market Nasdaq losers were Ericsson, NXP Semiconductors N.V., NetSpend Holdings Inc, KIT digital Inc and Air Methods Corporation.
The top after-market NYSE gainers Wednesday were K12 Inc, Pall Corp, HFF, Inc, National Bank of Greece and Dole Food Co. The top after-market NYSE losers were Spartech Corp, Halcon Resources Corp, Genesee & Wyoming, Chesapeake Lodging Trust and Nautilus, Inc.
Most of the Asian markets made gains Thursday as investors remained hopeful waiting for the policymakers in the U.S. to announce monetary easing measures to boost the global economy and rejuvenate the economic growth momentum.
Shares of Apple Inc. (Nasdaq: AAPL) jumped Wednesday during its highly anticipated unveiling of a host of new high-profile software and hardware products, including the iPhone 5, in San Francisco.
Asian shares eased Thursday ahead of the U.S. Federal Reserve's decision later in the day, but investors remained optimistic of further stimulus action to bolster the world's largest economy.
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