Groupon Inc posted a quarterly loss, defying Wall Street's hopes that the fledgling daily deals company had eked out a profit in the final three months of 2011. Its shares tanked.
Visa Inc reported a higher quarterly profit as the world's largest credit and debit card processing network benefited from consumers swiping their cards more, and authorized a new $500 million share repurchase program.
Groupon Inc reported a loss on Wednesday as user growth slowed from the breakneck pace of past quarters, potentially signaling consumer fatigue with daily deals and wiping 13 percent off its shares.
After years of driving bank merger integrations, David Carroll is putting the same kind of energy into fine-tuning the wealth, brokerage and retirement services business he runs for Wells Fargo & Co .
Stocks closed flat in another thinly traded session on Wednesday as Greece remained in a standstill over accepting tough reforms in exchange for a bailout critical to avoiding a chaotic default.
Caesars Entertainment Corp's shares almost doubled in value on their market debut after an unusually small initial public offering, viewed by many as an exit strategy for its private-equity backers to make up some of their losses.
The U.S. central bank may yet need to buy more bonds to bolster the weak recovery, but better-than-expected jobs data makes it a close call, a top Federal Reserve official said on Wednesday.
Greece will likely fail to achieve sustainable debt levels if it only resorts to a 70 percent reduction in the value of bonds held by private creditors, Standard & Poor's warned on Wednesday, putting pressure on the ECB to also take losses.
Stocks fluctuated around break-even on Wednesday as investors waited for Greece to accept tough reforms in exchange for a new bailout, but underlying confidence kept the Dow near its almost four-year high notched on Tuesday.
Russia's Kaspersky Lab reported that sales growth slowed substantially last year as the world's No. 4 maker of anti-virus software said its business was starting to mature.
Ericsson, the world's largest telecommunications network equipment maker, has been sued for more than $330 million by Airvana Network Solutions Inc, which accused it of stealing trade secrets and trying to drive it out of business.
The U.S. central bank may need to buy more bonds to bolster a housing market whose distress is at the heart of a frustratingly slow economic recovery, a top Federal Reserve official said on Wednesday.
European Central Bank policymakers are still divided on what contribution the ECB could make to a restructuring of Greece's sovereign debt, two euro zone monetary policy sources said on Wednesday.
Taxes go uncollected, deficit targets are routinely missed, job cuts from the state payroll are postponed, privatizations have barely begun and pharmacies still shut in the middle of the day.
Veronika Szalai had just graduated from elementary school when Nokia, the Finnish phone maker, opened a factory by the Danube in Komarom. The 27-year-old, who has worked here for years, now faces unemployment as the company implements major layoffs.
Sprint Nextel posted a wider quarterly loss because of the higher costs of selling Apple Inc's iPhone and the popular device delivered a smaller-than-expected boost to subscriber numbers, sending the company's shares down 2 percent.
British satellite operator Inmarsat has not received any takeover approaches, a source close to the company said on Wednesday, after speculation had driven the shares up as much as 10 percent.
Germany's Deutsche Bank will defer any part of an employee's bonus above 200,000 euros ($264,800) this year, a source close to the bank said, making it the latest industry player to limit pay in the face of fierce criticism of the industry.
Stocks edged higher on Wednesday as hopeful investors awaited the latest attempt by Greece to reach a deal on reforms in exchange for a new bailout.
Greek party leaders finally gathered on Wednesday to agree a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which have prompted warnings that the euro can live without Athens.
Lucas van Praag, a Goldman Sachs partner and the global head of corporate communications for the firm will leave at the end of March, according to a memo obtained by Reuters.
When Sam Glassenberg, a former gaming division manager at Microsoft, began to advocate building a games industry in Israel, he found support from Jerusalem Venture Partners , a venture capital firm focused on digital media technologies.
Stocks were set for a slightly higher open on Wednesday on optimism that the latest attempt by Greece to reach a deal on reforms in exchange for a new bailout would be successful.
TomTom satnavs will in future help insurers tell the difference between a good driver and a bad one under a scheme designed to revive the Dutch navigation device maker's flagging fortunes.
Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.
Greek parties will try on Wednesday to agree to a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which have prompted warnings that the euro can live without Athens.
Stock index futures edged higher on Wednesday as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.
Stock index futures edged higher on Wednesday as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.
Greek parties will try again on Wednesday to agree a reform deal in return for a new international rescue to avoid a chaotic default, after delays prompted some EU leaders to warn that the euro zone can live without Athens.
German exports fell at their fastest rate in nearly three years in December and imports unexpectedly dropped, adding to signs that the euro zone sovereign debt crisis hit the region's top economy hard in the fourth quarter.
