The Federal Reserve on Wednesday repeated its promise to leave interest rates on hold until at least late 2014 but offered few clues into whether it might offer additional stimulus later this year.
Stocks clung to strong gains on Wednesday after the Federal Reserve repeated its promise to leave interest rates on hold until at least late 2014 while giving few clues into whether it might supply additional stimulus later this year.
Brazilian investment bank BTG Pactual raised 3.65 billion reais ($1.96 billion) in the country's largest initial public offering in more than 2 1/2 years amid strong demand, a local regulator said Tuesday.
The Federal Reserve on Wednesday repeated its promise to leave interest rates on hold until at least late 2014 but offered few clues into whether it might offer additional stimulus later this year.
Palladium prices are bouncing back from a big decline that started in February in what could be a sign of rising investor confidence in the U.S. recovery, thanks to rising auto sales, and concerns over Russian supplies.
Nearly 100 protesters affiliated with the 99 Percent populist movement disrupted General Electric Co's annual shareholders' meeting on Wednesday in an attack on the largest U.S. conglomerate's low tax rate.
Stocks advanced on Wednesday after a blowout quarter from Apple further lifted optimism in an earnings season that has far outstripped expectations.
Wal-Mart Stores Inc said on Wednesday that it named a former attorney earlier this year to oversee global compliance with a bribery law, as it deals with the fallout over alleged bribes in Mexico that recently came to light.
Italy's Eni and Russia's Rosneft announced on Wednesday a joint venture to search for oil and gas in the Russian Arctic, following a similar pact between ExxonMobil and the state-run oil firm.
Well, surely, Samsung Galaxy Tab 2 7.0 one of the cheapest tablets to run Android 4.0 Ice Cream Sandwich version. However, before getting anywhere near conclusion, one has to note that wireless communication vendors including Amazon, Apple others are creating a buzz in the industry and are anticipated to saturate the table market with their powerful line-up devices at low costs.
German sportscar maker Porsche is bracing for slower sales growth in China this year as the country's premium auto segment loses momentum amid a slowdown in economic growth.
Wall Street jumped on Wednesday after forecast-beating results from Apple cleared away a weeks-old market overhang and lifted optimism in an earnings season already far outstripping expectations.
After initial delay of Intel's processor for 2012, the company has finally launched its first breed of quad-core processor on Monday. The latest chip, codenamed as Ivy Bridge, is the world's first processors to use a 22-nanometer manufacturing process and feature Intel's Tri-Gate 3D transistor technology and will replace the company's Sandy Bridge CPUs in Apple's next-generation of Mac lineups.
If your name is legally Don Draper, not only do you have the same name as possibly the most suave ad man in fiction's history, but you could also score yourself a free hotel room at Howard Johnson. The HoJo hotel chain is using the latest episode of Mad Men, where Mr. and Mrs. Draper had a horrific experience during their stay, as a marketing ploy - and an apology - to everyone named Don Draper by giving a free one-night stay in order to boost the brand and revenue.
Caterpillar Inc. (NYSE: CAT), the largest maker of construction and mining equipment, reported a 29 percent jump in its first-quarter profit that topped analysts' estimates and boosted its full-year outlook, as U.S. builders replaced their aging machinery and demand for mining equipment boomed.
Coca-Cola Co's board of directors recommended a two-for-one stock split on Wednesday, the first split in 16 years.
Wal-Mart Stores Inc on Wednesday said the internal lawyer serving as its global compliance officer on foreign corrupt practices act issues is Tom Gean, and gave details on the external teams helping with its ongoing investigations.
The Federal Reserve resumed a two-day meeting on Wednesday that is expected to yield upward revisions to its growth forecasts but not enough for officials to take off the table the option of a further easing of monetary policy.
The United Kingdom, Europe's third-largest economy, fell into recession in the first quarter when its gross domestic product fell 0.2 percent, a contraction that followed the fourth-quarter's 0.3 percent decline.
Caterpillar Inc reported a 29 percent rise in first-quarter profit on Wednesday and beat analyst expectations as the company relied on its growing mining business and sales to buyers looking to replace aging equipment.
Demand for long-lasting manufactured goods was the weakest in three years in March and a gauge of business spending plans fell, suggesting the economy lost momentum as the first quarter drew to a close.
Standard & Poor's cut India's credit rating outlook on Wednesday to negative from stable, reflecting the toll that hefty fiscal and current account deficits and political paralysis are exacting on Asia's third-largest economy.
Stock index futures pointed to a higher open on Wednesday after forecast-beating results from Apple removed a weeks-old market overhang and lifted optimism in a corporate earnings season that is already far outstripping expectations.
European Central Bank President Mario Draghi gave no indication on Wednesday that the ECB was poised to provide more support for banks or governments but also said the time was not right to consider rolling back its crisis-fighting measures.
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, skyrocketed 10 percent before the markets opened Wednesday on forecasts of further recordbreaking earnings. That sent overall U.S. markets up.
Orders for long-lasting goods sank in March by the largest margin in three years, hurt by falling demand for commercial aircraft, the Commerce Department reported Wednesday.
Demand for long-lasting U.S. manufactured goods dropped by the most in three years in March and a gauge of business spending plans fell, suggesting factory activity lost momentum as the first quarter ended.
Britain's economy has fallen into its second recession since the financial crisis after an shock contraction at the start of 2012, heaping pressure on Prime Minister David Cameron's government as it reels from a series of political missteps.
Caterpillar Inc reported a 29 percent rise in first-quarter profit on Wednesday and beat analyst expectations thanks to continued demand for replacement machinery in North America and growth in its mining business.
Caterpillar Inc reported a 29 percent rise in first-quarter profit on Wednesday and beat analyst expectations thanks to continued demand for replacement machinery in North America and growth in its mining business.
