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FedEx profit rise beats estimates

FedEx Corp reported higher quarterly profit that beat estimates, citing higher revenue per package and record holiday shipping, and forecast further advances in the current quarter.

Futures lower after weak China, euro zone data

Stock index futures fell on Thursday after manufacturing data in the euro zone and China increased worry about a slowing global economy.

Joseph Kony 'Wanted': Forbes’ Top 10 World's Most Wanted Criminals (PHOTOS)

Joseph Kony, the head of the Lord's Resistance Army, responsible for several gruesome atrocities and killing hundreds of civilians in Uganda. He got world's attention after Jason Russell and his invisible children group posted a video Kony 2012, demanding his immediate arrest.

Analysis: Research sell notes decline as conflicts persist

More than a decade after regulators moved to clean up the stock research industry at investment banks, analysts across the globe are as hesitant as ever to issue negative research on companies they believe are destined to struggle.

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Analysis: U.S. job gains hint at more spending and hiring

It's not quite Easy Street, but more money is starting to flow along Main Street.

Exclusive: Watson close to $7 billion Actavis drug deal: sources

Watson Pharmaceuticals Inc is close to buying Swiss-based Actavis for around $7 billion, marking the latest deal between generics companies racing to achieve economies of scale, three sources familiar with the matter said.

Wall Street mostly slips, but tech keeps S&P near 4-year highs

Stocks mostly fell on Wednesday, weighed by the energy services sector, but gains in technology shares buoyed the Nasdaq and helped keep the S&P 500 near four-year highs.

Exclusive: Brazil sees WTO's duties as insufficient: sources

Brazil plans to signal its growing concern about intense foreign competition hurting its industries by suggesting at the World Trade Organization that the ceiling for its import tariffs is too low, government sources told Reuters on Wednesday.

Starbucks factory investments to create 150 jobs

Starbucks Corp said on Wednesday it would spend $180 million on U.S. factories, creating 150 manufacturing jobs, and that it would get into the $8 billion U.S. energy drink market with a new product.

BofA cuts cap markets, research jobs: sources

Bank of America Corp has eliminated jobs in its equities, mortgage-backed securities and research divisions in recent weeks, two sources familiar with the situation said on Wednesday.

Deutsche Bank changes legal status of U.S. unit

Germany's Deutsche Bank AG changed the legal status of its main U.S. subsidiary, Taunus Corp, as a way to avoid injecting billions of dollars of capital into the unit by 2015.

HP creates PC-printing power, Wall Street waits and sees

SAN FRANCISCO, March 21 - Hewlett Packard Co will merge its printer and PC businesses, combining two of its largest divisions as Chief Executive Meg Whitman tries to jumpstart growth at the technology company.

Allen Stanford seeks new trial, blames Twitter

Allen Stanford, the financier convicted of running an estimated $7 billion Ponzi scheme, has asked for a new trial, citing the media's use of Twitter in the courtroom and a lack of time to prepare his defense.

Home sales show strength, prices rise

Home sales fell in February, but upward revisions to the prior month's pace and the first yearly increase in prices in 15 months pointed to steady improvement in the housing market.

Starbucks adding energy drinks, factory jobs

Starbucks Corp is expanding into the fast-growing energy drink category and plans to add manufacturing jobs in the United States, the world's biggest coffee chain said on Wednesday.

Exclusive: Developing nations to name 2 candidates for World Bank

Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday.

Wall Street shows signs of fatigue after long run-up

Stocks struggled on Wednesday to rise above recent highs, hampered by losses in risk-associated sectors like energy and financials.

BofA sells more European credit cards to Apollo

Apollo Global Management LLC said on Wednesday it was doubling down on Bank of America Corp's European assets, agreeing to buy its Irish consumer credit card portfolio after acquiring its Spanish credit card unit last summer.

Home sales show underlying strength, prices rise

U.S. home sales fell in February, but upward revisions to the prior month's pace and the first yearly increase in prices in 15 months suggested the housing market recovery remained on track.

Wall Street struggles to rise above recent highs

Stocks struggled on Wednesday to rise above recent highs, hampered by losses in risk-associated sectors like energy and financials.

Home resales fall in February, inventories rise

Home resales unexpectedly fell in February and the supply of properties on the market rose, underscoring the many hurdles for the housing recovery.

Buffett millionaires tax to raise $47 billion: report

A proposed 30 percent minimum tax on millionaires backed by President Barack Obama - dubbed the Buffett tax after investor Warren Buffett who supports it - would raise about $47 billion over a decade, according to a congressional report.

Developing nations to name two candidates for World Bank

Wall Street edges lower after housing data

Stocks edged lower on Wednesday after worse-than-expected housing market data for February and a soft outlook from oilfield services company Baker Hughes Inc.

Wal-Mart to offer Angry Birds merchandise, clues

The maker of the hit mobile game Angry Birds has struck a deal with Wal-Mart Stores Inc to embed clues to a new version of the game in merchandise sold in Walmart stores, hoping to lure Angry Birds fans through the doors and shoppers to the game.

Hedge fund Third Point files Yahoo board challenge

Activist hedge fund Third Point on Wednesday filed a proxy statement with regulators seeking to install its own slate of directors on Yahoo Inc's board after criticizing the Internet company's recent appointees to the board.

Wall Street opens flat, Oracle gains

Stocks opened little changed on Wednesday as investors awaited data on the housing market a day after the S&P 500 snapped a three-day winning streak.

Wall Street to edge higher at open, housing data on tap

U.S. stocks were poised for a slightly higher open on Wednesday ahead of data on the housing market a day after the S&P 500 snapped a three-day winning streak.

Generali targets 5 billion euro operating profit after weak 2011

Generali , Europe's No.3 insurer, is targeting operating profit of more than 5 billion euros ($6.6 billion) in the mid term as it sees no repeat of the dramatic market shocks that prompted big writedowns in the past year.

General Mills profit dips as commodity costs rise

General Mills Inc posted a quarterly profit in line with Wall Street expectations and stood by its lowered full-year forecast as it faces higher costs for raw materials.

Stock futures edge up ahead of data; Oracle advances

U.S. stock index futures rose on Wednesday ahead of data on the housing market a day after the S&P 500 snapped a three-day winning streak.

Stock futures signal higher open; Oracle eyed

Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures up 0.2 percent and Nasdaq 100 futures also up 0.2 percent at 5 a.m. E.D.T. (0900 GMT)

Generali targets $6.6 billion operating profit

Italian group Generali , Europe's No.3 insurer, said on Wednesday it was targeting a mid-term operating profit of more than 5 billion euros ($6.6 billion), compared with the 3.9 billion it made in 2011.

Analysis: Turning point in the currency war

A counteroffensive of sorts may be underway this year in what has seemed like a one-sided global currency war as developing economies slow, western money-printing pauses and the heat comes out of pumped-up emerging market currencies.

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