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S&P fails to break key level

Stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession.

Existing home sales at 1-1/2 year-high, supply falls

U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery.

Citi, UBS provide keys to interest rate-rigging probe: sources

Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest rate, according to people familiar with the situation.

Greece rushes to pass bailout laws amid protests

Thousands of protesters angry at punishing spending cuts poured into Athens' central Syntagma Square on Wednesday as Greek lawmakers rushed to pass laws needed to secure payment of a second bailout for the debt-laden country.

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Fitch downgrades Greece on debt swap plan

Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.

Rise in identity fraud tied to smartphone use

Nearly 12 million Americans were victims of identity theft in 2011, an increase of 13 percent over 2010, according to a report released on Wednesday by the research firm Javelin Strategy & Research.

France Telecom takes knife to dividend

France Telecom is cutting its dividend and putting off a promised share buyback to conserve cash in the face of brutal competition from a new mobile player and Europe's ongoing debt crisis.

US STOCKS-Wall St opens slightly lower

U.S. stocks opened slightly lower on Wednesday, putting the S&P 500's three-day winning streak in jeopardy after weaker-than-expected euro zone economic data.

Wall Street to open slightly down; housing data on tap

Wall Street stocks were poised for a modestly lower open on Wednesday, putting the three-day winning streak for the S&P 500 in jeopardy after weaker-than-expected euro zone economic data and ahead of a report on the U.S. housing market.

Euro zone teetering on brink of recession

The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week.

U.S. mortgage applications sagged last week: MBA

Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.

Unions to protest cuts, Greece debates more measures

Greek unions, the unemployed and communists will protest on Wednesday against spending cuts introduced to secure a multi-billion-euro bailout, and lawmakers will debate a debt swap to avoid imminent bankruptcy.

Corrected: Chip designer CSR boosts shares with buyback

British chipmaker CSR Plc underscored its financial strength on Monday with a share buyback of up to $50 million, helping send its shares up more than 20 percent to their highest in six months.

Apple shareholders to meet as stock at record high

Apple Inc Chief Executive Tim Cook is in an enviable position - market leading products, a $98 billion warchest and a seemingly gravity-defying stock price.

Futures slip after European data; Dell falls

U.S. stock index futures slipped on Wednesday, indicating the S&P 500 may snap a three-day winning streak after weaker-than-expected euro zone economic data and ahead of a report on the U.S. housing market.

Futures dip after euro zone data; Dell slides

U.S. stock index futures slipped on Wednesday, indicating the S&P 500 may snap a three-day winning streak after weaker-than-expected euro zone data and ahead of a report on the U.S. housing market.

Stock futures mixed, economic data eyed

U.S. stock index futures pointed to a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 down 0.1 percent, the Dow Jones futures flat and the Nasdaq 100 rising 0.1 percent.

Top Olympus lender denies board ambush, but may fill chair

Olympus Corp's main lender Sumitomo Mitsui Banking Corp denied it was trying to take control of the firm's board by stealth, but said it might well agree to send a former banker to be chairman of the disgraced camera and medical device maker.

Europe's debt crisis set to dominate G20 talks

Europe's debt crisis will dominate talks between Group of 20 (G20) policymakers this weekend as the rest of the world looks for pledges that the euro zone will boost its crisis safety net.

Fannie, Freddie need to tighten legal expenses: regulator

A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.

Olympus says India exec likely had no ties to scandal

An Olympus Corp executive found dead in India in an apparent suicide is likely to have had no link to the Japanese endoscope maker's accounting scandal, a company spokeswoman said on Wednesday.

Wynn gives U.S. report as Okada battle grows

From undercover interns to hastily arranged meetings with heads of state, Steve Wynn's lawsuit against former friend and partner Kazuo Okada seeks to paint a picture of a rogue board member pursuing his own private agenda.

Merrill raises bid for rivals' top brokers: sources

Bank of America's Merrill Lynch has launched a more aggressive recruiting campaign for top-tier brokers, including a bonus paid for transferring client assets after six months at the firm, two sources familiar with the new plan said Tuesday.

Exclusive: LightSquared plans to cut 45 percent of workforce

LightSquared Inc., the wireless company backed by hedge fund manager Philip Falcone, said on Tuesday it plans to lay off nearly half of its employees to save money.

LightSquared plans to cut workforce by 45 percent

LightSquared, the ailing wireless company backed by hedge fund manager Philip Falcone, said on Tuesday that it plans to cut its workforce by 45 percent in order to save cash.

MF Global failure creates tax crunch for farmers

With the tax man breathing down his neck, Ohio farmer Tony Rohrs is scrambling to figure out how much money he made last year in an account at MF Global.

Are commodity merchants swap dealers by any other name?

Big energy companies like Royal Dutch Shell and commodity merchants like Cargill have a simple argument in pushing back against looming new swap market rules: We're not a bank, so don't regulate us like one.

Wall St loses steam after Dow crosses 13,000

Stocks ended little changed on Tuesday, paring gains after the Dow topped 13,000 for the first time since May 2008, and as higher oil prices damped prospects for the economy.

ADM to cut 20 percent more jobs than previously announced

Agricultural processor Archer Daniels Midland Co on Tuesday said it will eliminate 20 percent more jobs than previously expected to reduce costs.

Wynn says to give U.S. infomation on shareholder Okada

Wynn Resorts Ltd plans to give evidence to U.S. authorities that it claims shows that its board member Kazuo Okada bribed foreign gaming regulators and may have violated the U.S. Foreign Corrupt Practices Act, board member Robert Miller told analysts on Tuesday.

Wall St turns lower after Dow crosses 13,000

Stocks dipped on Tuesday as shares pulled back after the Dow breached 13,000 for the first time since May 2008, the latest big move in stocks' recent rally.

Regulator outlines new plan for Fannie, Freddie

The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.

SBA Communications buys tower sites for $1 billion

Wireless tower operator SBA Communications Corp will buy more than 2,300 tower sites and some antenna assets from Mobilitie LLC for about $1.09 billion, as it looks to benefit from an explosion in data traffic and arm itself better against larger competitors.

Greek finance minister on EU/IMF bailout

Here are highlights of Greek Finance Minister Evangelos Venizelos's news conference in Athens on Tuesday after returning from Brussels talks where euro zone finance ministers clinched a 130-billion-euro bailout package.

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