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.
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.
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.
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.
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 , 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 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.
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 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)
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.
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.
U.S. bank JPMorgan has agreed to buy a 19.9 percent stake in Chinese trust company Bridge Trust Co, according to media reports.
The Internal Revenue Service is staffing up with high-powered talent to crack down on companies shifting profits from country to country to lower their tax bills, a strategy the agency has targeted before with only limited success.
A warning about China's growth sparked selling in energy and industrial shares on Tuesday, but the broad market's losses were contained, a sign of resilience for U.S. stocks.
Technology giant Oracle Corp said quarterly sales of new software rose 7 percent from a year earlier to $2.4 billion, at the high end of its own forecast.
Rita's Italian Ice is offering a free regular Italian ice to all customers in their 20th annual celebration of the first day of Spring 2012 on Tuesday until 9 p.m. View the slideshow to see photos of the top 12 best flavors of Italian Ice at Rita's.
A federal appeals court dismissed a lawsuit seeking to hold JPMorgan Chase & Co responsible for services allegedly provided by the former Washington Mutual Inc to advance a Ponzi scheme at Caribbean-based Millennium Bank.
Dan Magder recently gave up a top job with private equity firm Lone Star Funds to strike out on his own and become a landlord.
Greece has received the first 7.5 billion euros ($ 9.9 billion) of aid from its new EU/IMF bailout, with the bulk of the payment going to repay bonds held by the euro zone's central banks, government officials said on Tuesday.
Stocks retreated from a near 4-year high on Tuesday on signs that indicated China's economy may be slowing.
Permits for homebuilding neared a 3.5-year high in February, suggesting a budding recovery in the housing market was still on track even though groundbreaking activity slipped.
JPMorgan Chase & Co agreed to pay $150 million to settle a lawsuit by pension funds and other investors accusing the largest U.S. bank of imprudently investing their cash in a risky debt vehicle that collapsed in 2008.
U.S. stocks fell on Tuesday after a 3-day winning streak for the S&P 500 on concerns that China's economy may be slowing down.
Glencore , the world's largest commodities trader, is buying Canada's leading grain handler, Viterra , in a cash deal valuing it at C$6.1 billion ($6.2 billion).
Even though the app is only five weeks old, the turn-based Pictionary-style game called Draw Something, created and developed by New York-based gaming company OMGPOP, has risen to the top of the iOS and Android App Stores. The addictive drawing and guessing game boasts 25 million registered users, 10 million active daily users, and almost 1 billion paid ad impressions per day.
Stocks fell at the open on Tuesday as equities paused after a 3-day winning streak for the S&P 500, which came within 10 percent of a historic closing high.
Commodities trader Glencore , backed by partners Richardson International and Agrium Inc , has agreed to buy Canada's Viterra in a cash deal valuing the country's largest grain handler at C$6.1 billion ($6.2 billion).
Stock were set for a lower open on Tuesday as equities appeared ready to pause after the S&P 500 advanced for a third straight session, moving within 10 percent of its historic closing high.
Permits for U.S. homebuilding neared a 3-1/2 year high in February, even as groundbreaking activity slipped, suggesting a nascent recovery in the housing market was still on track.
Stock index futures fell on Tuesday ahead of housing market data after the S&P 500 advanced for a third straight session, moving within 10 percent of its historic closing high.
