General Mills Inc. (NYSE: GIS), the maker of Cheerios cereal and Pillsbury pastries, said Wednesday it will cut 850 jobs to cut costs in the face of rising food prices.
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, fell as much as 5.6 percent Wednesday, ahead of its expected announcement of second-quarter results.
Dollars? He's got billions. Facebook friends? He's got millions. His name is Mark Zuckerberg.
Sales of new single-family homes in the U.S. rose more than expected in April and prices climbed higher, signaling fresh signs of life in the distressed housing market.
How green is your city?
Another unsuccessful casino robbery took place at the Bellagio Hotel in Las Vegas, NV. The beginner's level heist went down on Saturday, May 19, when Michael Belton, 24, and an at-large accomplice named Carlos Rodriguez, attempted to get away with a stack of casino chips after shooting pepper-spray in to the dealers face.
The US hopes that Pakistan will agree to reopen the supply routes to NATO troops in Afghanistan as the Senate has threatened to link the aid to Pakistan with the country's cooperation on the issue.
Shares of DELL (Nasdaq: DELL), the No. 3 PC maker, plunged as much as 15 percent after the company reported first-quarter results that trailed analyst estimates for both income and revenue and issued a poor forecast.
Heath Ledger's Tree House in Hollywood Hills was bought by Josh Hutcherson. View the slideshow to see photos of the tree house formerly owned by the late Heath Ledger.
European consumers are tightening the purse strings as their confidence in the region's economy continues to fade amid concern that the recession may worsen.
Investors on Wednesday eagerly snatched up a new two-year German bond with a zero-percent coupon, meaning investors were willing to pay to loan money to Europe's strongest economy when expected inflation is factored in. The yield ended at 0.07 percent.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose nearly 5 percent Wednesday despite continuing fallout from its May 17 initial public offering.
Ford Motor Company (NYSE: F) shares climbed almost 2 percent in mid-day trading Wednesday, a day after Moody's Investors Service upgraded the Dearborn, Mich.-based automaker's credit rating to investment grade.
Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.
The Delhi High Court Wednesday issued a contempt notice to the striking Air India pilots for not complying with its previous order restraining them from continuing with the strike.
Pakistan Imprisons Doctor Who Helped CIA Find Osama Bin Laden
Among the companies whose shares are moving in pre-market trading Wednesday are: Ares Capital Corp, Alcatel Lucent, FreightCar America, Jive Software, Dell Inc, Renren Inc, BlackRock, Alcoa and Facebook Inc.
The Swiss parliament debated Tuesday whether to create a gold-backed national coin to float in parallel with the Swiss franc, becoming the first national legislature in decades to consider issuing a currency based on a commodity.
The Indian rupee descended to the all-time-low of 56.04 per dollar Wednesday even as the Reserve Bank of India and the Indian government said that they were monitoring the situation closely and taking corrective measures.
Futures on major U.S. stock indices point to a lower opening Wednesday ahead of new home sales data for April and a European Union summit.
Egypt went to polls Wednesday in country's first free election for a president after weeks of intense speculation and debate. The historic presidential election, contested by Islamists and secularists, heralds the setting up of a democratic system.
Market sentiment continued to be negative as a report quoting former Greek prime minister Lucas Papademos stated that Greece was considering preparations to leave the euro zone. Greece will hold fresh elections June 17.
Asian stock markets declined Wednesday as renewed concerns of Greece's probable exit from the euro zone dampened sentiment.
Japan reported Wednesday a rise in trade deficit in April compared to a year earlier as the nuclear energy crisis has resulted in the increase of oil and gas imports.
The European Central Bank (ECB) is propping up Greece with a secret infusion of ?100 billion ($126 billion) in emergency liquidity assistance (ELA) funds, the Financial Times reported Tuesday.
The U.S. economy will likely dip into another recession in the first half of 2013 if planned tax increases and spending cuts are allowed to go into effect in January, the Congressional Budget Office said.
Pomegranate juice peddler POM Wonderful lost a lawsuit filed by the Federal Trade Commission claiming the company used deceptive advertising in claiming its juice could treat or prevent certain illnesses.
Good news out of Iran on Tuesday helped add to crude oil's price decline, already spurred by economic woes plaguing Europe.
Nothing seemed out of the ordinary when Thomas Langenbach, the vice president of SAP -- a top maker of business management software solutions based in Palo Alto, Calif. -- was found scanning boxes upon boxes of Lego toys before purchasing them. Little did anyone know, Langenbach was actually engaged in a giant scam.
Tesla Motors Inc. (Nasdaq: TSLA) shares got a big boost Tuesday following the announcement that the new Tesla Model S will begin shipping on June 22, ahead of schedule.
