The powerful rate-setting committee of the Federal Reserve decided to extend its current strategy of manipulating the credit markets to artificially depress the cost of long-term financing, a strategy colloquially known as Operation Twist, until the end of the year.
The State Department released its report ahead of the 150th anniversary of President Abraham Lincoln?s Emancipation Proclamation, which freed the slaves in the U.S. South in 1863.
Apple (Nasdaq: AAPL), the world's most valuable technology company, has won a small victory in its battle against rival and supplier Samsung Electronics (Seoul: 005930).
The Federal Reserve on Wednesday extended its monetary stimulus to a U.S. economic recovery that looks at risk of stalling, renewing its effort to depress borrowing costs by selling short-term bonds to buy longer-dated ones.
Spanish and Italian bonds received some respite for second day as euro zone leaders look for ways to ease borrowing costs for struggling member states.
Apple Inc. (NASDAQ: AAPL) stirred controversy following reports that employees of Apple stores have refused to sell products to customers overheard speaking Farsi, the language of Iran, the Council on American-Islamic Relations (CAIR) said in a statement Wednesday.
Joe Amendola's All My Children comment is being widely criticized as most inappropriate considering that he is representing a man facing 51 charges of child sex abuse. And while the trial of the former Penn State assistant football coach is now in its sixth day, Sandusky has continued to deny the allegations against him.
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, ranks first among supercomputer makers in the 2012 rankings compiled by U.S. and German experts.
The formation of a new Greek government Wednesday staves off fears of a swift departure from the euro zone by the Hellenic Republic. But this week's election and installation of a new administration merely extends the country's economic death-spiral as its economic woes remain deep and pervasive.
Bank of America Corp. (NYSE: BAC), the lender divesting assets to raise capital, is in talks with Swiss wealth manager Julius Baer Group Ltd. to sell its Merrill Lynch wealth management business outside the U.S.
Procter & Gamble Company (NYSE: PG) on Wednesday cut its second-quarter earnings forecast due to slowing demand in developed economies and the effect of a strong dollar.
LANDesk Software, the venerable desktop management software developer, said it had acquired private Wavelink to extend its reach into mobile platforms like smartphones and tablets.
After weeks of uncertainty, a Greek government has emerged following talks between Greece's center-right New Democracy party, which won Sunday's parliamentary elections, and the smaller leftist parties that lost seats.
Air India's contingency plan was disrupted Tuesday after 30 of its 120 executive pilots, deployed by the national carrier to run its international flying operations in the wake of the pilots' strike, reported sick, reports said Wednesday.
The next generation Apple iPhone, unofficially dubbed the iPhone 5, has already created much hype around the tech world months before its expected release. But according to Pacific Crest analyst Andy Hargreaves, high expectations related to iPhone 5 among Apple fans all around the world could cause a larger-than-expected pause in buying iPhones ahead of the device's release later this year.
Toyota Motor Corporation (NYSE: TM) plans to cut Japanese production capacity by more than 10 percent by 2014, according to Auto News Tuesday.
There?s a silver lining to the bearish global economic news ? a slide in crude oil prices: U.S. gasoline prices fell from their April peak, which will likely prompt more Americans to hit the road for the Independence Day holiday.
Biosante Pharmaceuticals Inc., Tesla Motors Inc., Barclays PLC, Bank of America Corp., Adobe Systems Inc., Michael Kors Holdings Ltd and Procter & Gamble Co. are among the companies whose shares moved in pre-market trading Wednesday.
Hundreds of thousands of South Korean cab drivers began their first nationwide strike Wednesday, demanding higher fares and cheaper fuel, prompting the authorities to run additional bus and subway services.
U.S. stock index futures point to a mixed opening Wednesday ahead of economists' expectations that the Fed will announce an extension of its 'Operation Twist' monetary policy designed to boost the economy.
Fitch Ratings Wednesday revised its outlook on 11 India-based financial institutions to negative from stable while affirming the rating. Fitch revised the outlook on the Indian Railway Finance Corporation Limited's (IRFC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to negative from stable and affirmed the ratings at 'BBB-'.
European markets fell Wednesday as investors remained watchful ahead of the U.S. Federal Reserve's announcement of the monetary policy decision.
Asian stock markets advanced Wednesday on expectations that the major central banks around the world would announce further stimulus measures to spur economic growth.
During these difficult times, extreme measures are needed to keep afloat. Second chances are seems hard to come by especially in terms of employment.
Crude oil futures hovered above $84 a barrel Wednesday amid expectations that the U.S. Federal Reserve may announce additional stimulus measures to spur economic growth.
The top after-market Nasdaq gainers Tuesday were Idenix Pharmaceuticals Inc, Mitel Networks Corporation, Gevo Inc, Sonus Networks Inc and Medical Action Industries Inc. The top after-market Nasdaq losers were: FSI International, Inc, Adobe Systems Incorporated, Farmers Capital Bank Corporation, Hawaiian Holdings Inc and Kulicke and Soffa Industries Inc.
The top after-market NYSE gainers Tuesday were: La-Z-Boy, Choice Hotels International, Actuant Corp, Jabil Circuit and Helmerich & Payne. The top after-market NYSE losers were: Chimera Investment, Sunstone Hotel Investors, Gerdau, Scorpio Tankers and Qihoo 360 Technology.
Asian markets rose Wednesday amid speculation that the U.S. Fed will announce monetary easing measures to rejuvenate the economy.
Microsoft has always been known as a software company, but that perception changed on Monday when the company unveiled its first-ever tablet in Los Angeles. Even though Apple popularized the tablet genre with the iPad, Microsoft's Surface tablet will directly compete with the bestselling tablet, as it is slightly thinner, features a bigger screen, and it can also do several things the iPad can't do, such as type well or sit up straight.
Streaming music service Spotify Ltd. launched a mobile radio feature on Tuesday that connects to Apple Inc.'s (Nasdaq: AAPL) ubiquitous iPhones and iPads, encroaching on the turf of online radio provider Pandora Media Inc. (NYSE: P).
