Chrysler Group LLC posted a 44 percent rise in U.S. auto sales in January, led by gains for its Jeep brand, while its larger domestic rival General Motors Co lost ground in a month marked by modest growth.
Stocks rallied on Wednesday as upbeat economic data out of China and Germany eased concerns about the global economy and Greece neared a long-delayed deal on a debt swap.
Nasdaq OMX Group Inc's quarterly profit declined due to a number of expenses, but when stripping out the one-time charges, the Nasdaq stock market parent beat analysts' expectations.
Chrysler Group LLC reported a hefty 44-percent gain in U.S. auto sales in January, led by its Jeep brand, while Ford Motor Co posted a 7 percent gain, falling short of some analyst estimates.
The pace of job creation by private employers slowed more than expected in January after a sharp gain the month before, a report by a payrolls processor showed on Wednesday.
Stock index futures suggested a higher open on Wednesday after better-than-expected data out of China and Germany and as Greece inched closer to a debt deal, though recent market action suggested gains could be ephemeral.
Stock index futures jumped on Wednesday after better-than-expected data out of China and Germany and as Greece inched closer to a debt deal, but recent market action suggested gains could be ephemeral.
Consumer price inflation in the euro zone remained at 2.7 percent for the second straight month in January, data showed on Wednesday, off last year's peak and supporting bets that the European Central Bank will cut rates to help revive the economy.
Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.6 percent, Dow Jones futures up 0.6 percent and Nasdaq 100 futures up 0.4 percent at 4:38 a.m. ET.
U.S. authorities are preparing to charge four former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said.
European Union antitrust regulators have blocked the merger of exchange operators Deutsche Boerse and NYSE Euronext, making the sector's fourth failed tie-up attempt in a year.
Morgan Stanley is all set to trump Goldman Sachs in a deal to buy a brokerage seat in Indonesia from PT Tiga Pilar Sekuritas, sources said, as the race to tap the growing financial market in Southeast Asia's biggest economy intensifies.
Euro zone manufacturing activity declined for a sixth straight month in January as a slight upturn in Germany failed to offset a prolonged contraction in the bloc's smaller economies, a survey showed on Wednesday.
Debt-laden Greece and its international lenders must focus less on deficit reduction and more on reform because there are limits to what society can tolerate, a senior IMF official said on Wednesday.
China's factory sector expanded slightly in January, confounding expectations for a contraction and supporting hopes the world's second-biggest economy will avoid a hard landing, a government purchasing managers' index showed.
Stocks rose and the euro steadied on Wednesday as investors remained on guard ahead of the release of manufacturing surveys from the Europe's biggest economies after China's powerful factories showed a slight expansion.
U.S. investigating authorities have traced more than 90 percent of the customer money which disappeared from MF Global around the time of its bankruptcy, the New York Times reported, citing people briefed on the investigation.
Debt-laden and recession-hit Greece must accelerate structural reforms and slow down on deficit reduction, the head of the IMF's inspection team for Greece was quoted as saying on Wednesday.
Asian stock markets struggled on Wednesday as weaker U.S. data damped down recent optimism that the world's largest economy may escape the gloom from the euro zone debt crisis, while Chinese manufacturing surveys failed to break the cautious mood.
Morgan Stanley is all set to trump Goldman Sachs in a deal to buy a brokerage seat in Indonesia from PT Tiga Pilar Sekuritas, five sources said, as the race to tap the growing financial market in Southeast Asia's biggest economy intensifies.
U.S. authorities are preparing to charge former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said.
U.S. authorities are preparing to charge former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said.
Financial industry observers are increasingly skeptical that the U.S. Securities and Exchange Commission's planned proposal to require a uniform fiduciary standard for all financial advisers will become a reality this year, if ever.
The U.S. stock-market surge in January may feel to some like having reached a remote mountain peak. It was a lot of work, but there are not many people to celebrate with.
Prosecutors have subpoenaed the Twitter records of an Occupy Wall Street protester who was arrested in October during a mass protest on the Brooklyn Bridge.
Federal prosecutors expanded their insider trading case against former Goldman Sachs Group Inc director Rajat Gupta on Tuesday, saying the illegal activity lasted longer and involved more trades than alleged.
It's hardly a huge surprise: those Federal Reserve officials that made careers in the financial sector are much wealthier than their colleagues, according to new disclosures on Tuesday.
Just when Americans have largely forgotten about the Treasury's controversial bailout program, the Congressional Budget Office on Tuesday blamed it for an anticipated $23 billion widening in the government's deficit.
Co-founders of online U.S. payment service PayPal, now owned by eBay Inc, donated to the Super PAC funding group supporting Republican presidential candidate Ron Paul, the group Endorse Liberty disclosed on Tuesday.
Last week, GDS Architects won a competition to design a tower in Incheon, South Korea. The crystalline structure is design to disapear through optical technology, the architects said.
