The futures regulator on Wednesday adopted new protections for customer collateral posted in swap trades, and said it plans a broader look into client safeguards, as the search continues for hundreds of millions of dollars in missing MF Global customer money.
Mayor Michael Bloomberg will announce a revived effort to redevelop the long-vacant Kingsbridge Armory in the Bronx during his State of the City speech on Thursday, Crain's reported.
As more and more television viewers spend time tweeting about their shows or posting comments on Facebook, social entertainment start-up GetGlue has raised more money to keep fans talking through their favorite shows.
Agricultural processor Archer Daniels Midland Co said on Wednesday it will reduce its workforce by 3 percent, making it the latest agribusiness giant to make cuts in the face of volatile global markets.
One of the hottest debates raging from Wall Street to the farm belt is destined to stretch into next month, as the trustee overseeing the bankruptcy of broker MF Global Inc collects the final claims by customers who are missing some $1.2 billion - or, maybe, only half as much.
Stocks held firm near recent five-month highs on Wednesday as investors awaited key bond market tests for Europe in the next two days that could determine the direction of the euro zone crisis.
The Toyota Prius c, which debuted at the North American International Auto Show in Detroit, might be the biggest bang-for-your-buck hybrid out there-Toyota Motor Company said that it will have a list price starting at less than $19,000 and a driving fuel economy rating of 53 mpg.
The Federal Reserve said on Wednesday the economy continued to expand modestly through the end of 2011 as holiday spending proved robust, but a weak job market was still preventing incomes from rising.
The worst is yet to come in the euro zone's debt crisis but the currency union will survive 2012 intact, according to a Reuters poll of economists who say France will probably lose its top-notch credit rating.
Microsoft Corp has put its talks with media companies about an online subscription service for TV shows and movies on hold, according to people familiar with the discussions.
General Motors Co could shift more vehicle production to its European factories in a cost-cutting deal with its German union that could avert a damaging standoff and keep Opel out of bankruptcy, people familiar with the discussions said.
The S&P 500 index was little changed on Wednesday as investors shrugged off warnings about further weakness in the euro from a lack of leadership in tackling the euro zone debt crisis.
The president of the Chicago Federal Reserve Bank said on Wednesday that a more vibrant housing market will be necessary to boost home prices and provide a lift to the overall economy.
The U.S. futures regulator on Wednesday adopted further protections for customer collateral posted in swap trades, an area of heightened importance as the search continues for hundreds of millions of dollars in missing MF Global customer money.
U.S. stocks edged lower on Wednesday after hitting a five-month high in the prior session as a warning about further weakness in the euro kept investors jittery.
German Chancellor Angela Merkel praised Italy's new government on Wednesday for the speed with which it has launched reforms, prompting Prime Minister Mario Monti to say it was important for markets also to recognize Italian economic policy progress soon.
Excuses, excuses and more excuses.Some of the best-known hedge fund managers have offered lots of excuses for underperforming the major stock market indexes last year, with many large funds posting double-digit losses.
The U.S. Federal Reserve should stick to its super-easy monetary policy to fight unemployment and spur a painstakingly slow economic recovery, even if doing so pushes inflation temporarily higher, a top Fed official said on Wednesday.
The European Central Bank should ramp up its buying of troubled euro zone debt to support Italy and prevent a cataclysmic collapse of the euro, David Riley, the head of sovereign ratings for Fitch, said on Wednesday.
Switzerland might not name a permanent successor to Philipp Hildebrand as central bank chairman for several months, the country's finance minister said on Wednesday, adding she had full confidence in the bank's interim head.
Fannie Mae Chief Executive Michael Williams said on Tuesday he was stepping down from the government-controlled mortgage firm, which is at the center of a fight over how to reduce foreclosures.
On Dubai's busiest thoroughfare, Sheikh Zayed Road, the white, orange and blue shop front of Sharjah Islamic Bank's gleaming new branch stands out among the soaring apartment blocks, furniture shops and car dealerships that mirror the Gulf state's growing wealth.
A pullback in stocks was expected at the open on Wednesday, a day after the Dow and S&P 500 hit five-month highs, with pressure on the euro testing the recent view that U.S. equities were decoupling from Europe.
Billionaire investor Carl Icahn on Wednesday dropped his $1.73 billion hostile bid for Commercial Metals Co after failing to pick up support among the metal company's other shareholders.
Applications for U.S. home mortgages rose in the first week of the year as demand for both purchases and refinancing perked up, an industry group said on Wednesday.
Twinkies and Wonder Bread maker Hostess Brands Inc filed for bankruptcy protection for the second time in less than three years, after failing to reach an agreement with workers on pension and health benefits.
Italian market watchdog Consob is looking into two contradictory statements made by BlackRock Inc , the world's largest asset manager, over its stake in UniCredit SpA , a source close to Consob told Reuters on Wednesday.
Italian Prime Minister Mario Monti said on Wednesday that Europe must recognize the way in which the Italian public had agreed to painful austerity measures to cut its debt.
The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan's top brokerage as it decides whether to replace him with an experienced global banker to foster expansion, or with an in-house local to focus on the home market.
The number of Internet users in China have crossed the half billion mark, reaching 505 million users at the end of November last year, the China Internet Network Information Center reported.
