Stock index futures rose on Wednesday after China unexpectedly cut its banks' reserve requirements in hopes of boosting an economy running at its weakest pace since 2009.
The world's top four audit firms will have to split up and rename themselves under a draft European Union law to crack down on conflicts of interest and shortcomings highlighted by the financial crisis.
China's central bank cut the reserve requirement ratio for its commercial lenders on Wednesday for the first time in nearly three years to ease credit strains and shore up an economy running at its weakest pace since 2009.
Europe faces a crucial 10 days to save the euro zone after agreeing to ramp up the firepower of its bailout fund but acknowledging it may have to turn to the International Monetary Fund for more help to avert financial disaster.
Europe's debt crisis has significantly worsened, threatening global markets, so it is essential to stabilise the region's bond markets, European Central Bank governing council member Christian Noyer said on Wednesday.
There is no quick fix to Europe's debt woes that threaten to escalate into a more widespread credit crunch, Bank of Japan Deputy Governor Kiyohiko Nishimura warned on Wednesday, voicing policymakers' growing concern about the deepening damage from the crisis.
Stock index futures pointed to a weaker open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.4-0.7 percent.
Luxury auto-maker, Lexus has embarked on a new creative journey by asking four fashion designers to rethink their notions of automotive designs for an upcoming advertising campaign for Vogue.
Asian shares fell and the euro trimmed gains on Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.
An appeals court on Tuesday struck down a 2009 New York City law imposing a tax on hotel-booking websites such as Expedia Inc and Priceline.com Inc , the latest legal development in a battle playing out in cities across the country.
Janet Yellen, the Federal Reserve's influential vice chair, said on Tuesday the U.S. central bank has room to ease monetary policy further, possibly by providing more information on the path of interest rates.
Facebook will be required to get user consent for certain changes to privacy settings as part of a settlement of federal charges that it deceived consumers and forced them to share more personal information than they intended.
The French bank Societe Generale SA on Tuesday said its TCW Group unit, one of the largest U.S. asset managers, is not for sale, rejecting a published report to the contrary.
Lehman Brothers Holdings Inc said on Tuesday it has won overwhelming support for its reorganization plan, including from creditors with $400 billion of claims, an important step toward ending its record bankruptcy.
Standard & Poor's reduced its credit ratings on 15 big banking companies, mostly in the Europe and the United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria.
A full pension plan default by bankrupt American Airlines would be the largest in U.S. history if it occurred today with those accounts running $10 billion short of what the carrier owes its workers over many years, government pension insurers estimated on Tuesday.
Sirius XM Radio Inc CEO Mel Karmazin admits that he doesn't like playing second fiddle, which could pose a problem in 2012 if Liberty Media Corp increases its stake in the satellite radio operator.
Euro zone finance ministers and officials met in Brussels on Tuesday to agree on leveraging their EFSF bailout fund so it can help Italy or Spain should they need aid.
Italy has had preliminary discussions with the International Monetary Fund about financial support to cope with the euro zone's debt crisis, possibly co-funded by national European central banks, but no decision has been taken, several sources close to the situation said.
OmniVision Technologies Inc posted better-than-expected quarterly results, helped by its CameraCube acquisition, but forecast the third quarter below estimates.
After a strong Black Friday showing, Nintendo now has to focus on maintaining the momentum for its products over the next five weeks of the crucial holiday season, the company's U.S. president told the Reuters Global Media Summit on Tuesday.
American Airlines passengers should not expect any near-term changes after the airline filed for bankruptcy, but the filing may affect their future plans.
The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
Judge Jed Rakoff's blunt rejection of a major Citigroup Inc securities fraud settlement could resonate with other judges who share the public's frustration with Wall Street and its regulators.
Whipsawing markets continue to baffle supposedly savvy hedge fund managers, who are hobbling again this month after registering a short-lived revival in October.
The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
The trustee liquidating MF Global Holdings Ltd's broker-dealer unit asked a federal bankruptcy judge to authorize the distribution of as much as $2.1 billion to about 36,000 former commodities customers, roughly doubling the total payout to $4.1 billion.
Euro zone ministers struggled to ramp up the firepower of their rescue fund and raised the possibility of asking the IMF for more help on Tuesday after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent.
American Airlines shares were having their busiest day in history on Tuesday after the company's parent filed for bankruptcy, even taking account of 16 mandatory trading halts due to the volatility.
Americans shook off some of their concerns about the economy this month but a surprise fall in house prices in September underscored the weak foundations of the recovery.
