Gold rallied for a second day on Wednesday as the euro rebounded following upbeat German economic data, building on gains in January that marked the metal's strongest starting month in 32 years.
Pfizer said on Tuesday one million packets of birth control pills are being recalled in the U.S. because they weren't made with enough contraceptive to prevent pregnancy. Pfizer learned that the packets either contained too many active tablets or too few -- prompting the massive recall. The problem was caused by mechanical and visual inspection failures on the packaging line, according to The Associated Press.
U.S. automaker Chrysler Group LLC swung to a full-year net income of $183 million on Wednesday, and made the bold prediction that profit would be eight times higher in 2012, on strong sales in its main U.S. market.
European Union regulators have blocked the merger of exchange operators Deutsche Boerse and NYSE Euronext to avoid giving them a stranglehold on the European futures market.
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.
Mitt Romney couldn't have settled for anything less than a blowout victory in Florida's Republican presidential primary that would retain his edge over the GOP rivals in their fight to win the party's nomination to face incumbent President Barack Obama.
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.
Chinese government representatives directed a U.S. businessman to obtain valuable technology manufactured by chemical giant DuPont and U.S. authorities were seeking on Wednesday to keep him in jail ahead of his trial on charges relating to trade secret theft, prosecutors said in newly released court documents.
Amazon.com, Inc. (NASDAQ:AMZN) has reported a 57 percent decline in its fourth quarter profit despite the strong sales of Kindle devices.
Gold prices rose Wednesday, at one point topping the $1,750 mark, but generally stayed within a narrow range in the absence of any single dominant factor.
The Council of Fashion Designers of America (CFDA) has stirred a controversy after deciding to move out of their current office from New York's Garment District which is regarded as the heart of the fashion industry in the city.
Sharp Corp forecast a record 290 billion yen ($3.8 billion) net loss for the year to March after posting surprise quarterly losses as a slump in TV sales forced it to halve output at a western Japan LCD plant.
Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.
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.
The U.S. Defense Department on Tuesday repeated its willingness to share information about the Lockheed Martin Corp F-35 fighter jet if the Indian government expressed interest in buying the stealthy new, multinational fighter plane.
China-focused plantation operator Sino-Forest Corp said an independent committee had wound up its investigation into allegations the firm had exaggerated its assets, but had not been able to get to the bottom of all the issues raised.
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.
Leaked report exposes ties between Pakistan security forces and Taliban and warns rebels prepared for post-Nato control of Afghanistan.
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.
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.
Mitt Romney cruises to victory in Florida with 47 percent of the votes to Gingrich's 32 percent in largest Republican presidential nominating contest.
Mitt Romney cruised to a blowout victory in Florida's Republican U.S. presidential primary on Tuesday that put him back in front in the fight for his party's nomination to face President Barack Obama and left chief rival Newt Gingrich reeling but vowing to fight on.
