Fannie Mae on Wednesday said it sold $2 billion in bills at higher interest rates compared with sales of the same maturities than a week ago.
The European Commission will organise a meeting of European Union industry ministers to discuss the sale of carmaker Opel, a spokesman for the EU executive said on Wednesday.
Kazakhstan, one of the world's biggest uranium producers, accused a key industry executive on Wednesday of illegally selling deposits to foreign companies, a move that has alarmed the business community.
Don't look for China to drive consolidation in a global auto industry bloated with too much cost and capacity, analysts and executives say, despite a recent rash of reports and speculation that say otherwise.
General Motors Corp said on Wednesday that a crucial bond exchange proposal failed to gain enough support and that its board of directors would meet to review the automaker's options, clearing the path for what would be the largest U.S. industrial bankruptcy ever.
Sales of U.S. existing homes rose in April compared with the previous month, economists polled by Reuters forecast.
Top office products retailer Staples Inc reported slightly higher-than-expected quarterly earnings on Wednesday, bolstered by its Corporate Express unit.
Bidders for German carmaker Opel are being pressed to make last-minute changes to their offers ahead of a meeting on Wednesday that could narrow the field of potential investors in the General Motors unit.
Bidders for German carmaker Opel are being pressed to make last-minute changes to their offers ahead of a meeting on Wednesday that could narrow the field of potential investors in the General Motors unit.
The German government is due to decide on Wednesday which bidder or bidders it prefers as a partner for the Opel unit of struggling U.S. carmaker General Motors, and could agree to provide aid for the firm.
The supervisory board of General Motors' Opel unit is holding an extraordinary meeting on Wednesday morning to decide on the German carmaker's legal separation from its U.S.-based parent company, a person familiar with the matter said.
Bookseller Borders Group Inc reported a smaller-than-expected loss that beat Wall Street estimates as cost cuts offset a protracted slump in book sales.
Inspur International raised HK $44 mln for acquisitions
Inspur International got its stock suspended on Tuesday in Hong Kong, raising up to 44.3 million HK dollars ($5.71 million) for future acquisitiso wons and general operations
HP announced on Tuesday David Donatelli is to begin working at the company after the Suffolk County Superior Court of Massachusettsreleased its prohibition on the matter.
Jury Orders Microsoft to pay $200M in damages to i4i
i4i, the Toronto-based software firm announced on Tuesday it received a $200 million patent infringement verdict from a federal jury who found Microsoft Corp., the world' largest software maker, willfully infringed on an i4i patent.
Germany pressed suitors of General Motors unit Opel to improve their offers and a fourth bidder from China emerged on the eve of a top-level meeting to decide the fate of the carmaker.
Mobile phone giant Nokia rolled out its Ovi Store online store to an estimated 5 million Nokia device owners across more than 50 Nokia devices, but its first day of operations were met with complaints.
Advanta Corp., a banking group that offers credit cards to small businesses, sent out an email to its customers on Tuesday that explained why it moved its credit-freeze date to May 30th from June 10, its original date.
General Motors Corp has failed to persuade enough bondholders to accept a debt-for-equity swap, setting the stage for the largest-ever U.S. industrial bankruptcy by the end of this month.
The U.S. Supreme Court said on Tuesday that it would hear an appeal by Merck & Co Inc of a ruling that reinstated a securities fraud lawsuit involving the company's disclosures to investors about its withdrawn Vioxx pain drug.
General Motors Corp faces a number of major deadlines and events on Tuesday that will go a long way toward determining how and when the company files for an expected bankruptcy later this week.
The U.S. Supreme Court said on Tuesday that it would hear an appeal by Merck & Co Inc of a ruling that reinstated a securities fraud lawsuit involving the company's disclosures to investors about its withdrawn Vioxx pain drug.
Bank of Montreal posted a 44 percent drop in quarterly profit on Tuesday, but the results came in stronger than expected as provisions for bad loans were not as high as analysts had forecast.
Mexico's peso reversed losses to firm on Tuesday and stocks jumped after U.S. consumer confidence soared in May to its highest level in eight months, boding well for Mexico's exports.
Alpha Bank, Greece's third-largest lender, on Tuesday reported a 58.2 percent year-on-year drop in first-quarter net profit to 85.7 million euros ($119.7 million) on slower loan growth and higher provisions.
Gold miner CGA Mining Ltd said it plans to raise C$17 million ($15.10 million) through a private placement of its shares.
Freddie Mac said its sale of $3 billion of bills on Tuesday brought mixed rates and drew stronger demand compared with the most recent sales of the same maturities.
U.S. pharmaceutical giant Pfizer is set to raise $10.6 billion through the sale of a four-part bond, IFR reported on Tuesday, that will help finance its purchase of Wyeth.
As General Motors Corp creeps toward bankruptcy, Japanese auto executives have grown less worried about the turmoil in the supply chain and dealer channels the demise of the No. 1 U.S. car maker would cause.
India's Bharti Airtel and South Africa's MTN have revived merger talks to create a $61 billion telecoms giant spanning Africa, Asia and the Middle East a year after their previous attempt foundered over who would control the combined entity.
