U.S. securities regulators moved to scale back market reliance on credit rating agencies, after the financial crisis laid bare the industry's shortcomings.
The Federal Reserve may give U.S. banks insight into whether it will scale back its proposed crackdown on debit card processing fees, when a top official testifies before a congressional panel next week.
Network equipment maker Cisco Systems Inc CEO John Chambers stunned investors for the third time in as many quarters, warning of worsening government spending.
Whole Foods Market Inc raised its 2011 profit outlook after a sharp acceleration in sales, quashing fears of a growth slowdown and underscoring how better-off U.S. shoppers are spending more freely.
Economists took their turns encouraging and attacking the policies of money supply managers of the U.S. Federal Reserve System on Wednesday, as the nation faces 9 percent unemployment, slow economic growth and rising federal debt and deficits.
France's Alcatel-Lucent will on Thursday lay out its targets for 2011, with investors keen to see whether CEO Ben Verwaayen delivers on a long-awaited turnaround of the struggling telecoms gear maker.
A National Advertising Review Board panel has urged Time Warner Cable to stop making claims in ads that the cable company's services are provided on a fiber or fiber optic network.
Gold was little changed on Wednesday as the market was underpinned by a dollar drop and Federal Reserve Chairman Ben Bernanke's comment that he had no plans to scrap a massive bond-buying program, indicating interest rates will not rise any time soon.
U.S. stocks finished narrowly mixed after Federal Reserve chief Ben Bernanke warned that unemployment may remain at elevated level for several years, although he downplayed inflation risks.
Whole Foods Market Inc shares rose 8.1 percent on Wednesday after accelerating sales eased worries that the gains that have driven a 90 percent one-year stock rise were ending.
Network equipment maker Cisco Systems Inc's weaker quarterly margins seemed to confirm investors' fears that growing competition may be forcing the company to cut prices to protect market share.
Treasury Secretary Timothy Geithner on Wednesday strongly pitched increased bipartisan cooperation among lawmakers as vital for building business and market confidence in the economy's growth.
Federal Reserve chairman said the risk of inflation was “quite low” and that higher prices in emerging markets were unlikely to spill over into the U.S.
Investors took profits on recent gains in U.S. stocks on Wednesday, but a last-minute rise in Bank of America helped lift the Dow to its eighth straight day of gains.
The following are highlights from Federal Reserve Chairman Ben Bernanke's testimony on the economy to the House Budget Committee on Wednesday.
When competitors shut down payments to WikiLeaks after the controversial website released a slew of sensitive U.S. diplomatic cables, Sharif Alexandre refused to join the boycott. The Egyptian-born entrepreneur and founder of Xipwire - a Philadelphia-based mobile payments startup - stood opposed to PayPal and Amazon and let customers continue making donations via cellphones.
Lindsay Lohan was formally charged with grand theft Wednesday for allegedly stealing a necklace worth $2,500.
Libya has handed out more than $2 billion in loans to dozens of governments across the globe, according to an internal document that shows the oil exporter's diplomatic ambitions and its struggles to recover its debts.
Military talks between the rival Koreas have collapsed, a unification ministry official in Seoul said on Wednesday, dealing a setback to efforts to restart international aid-for-disarmament talks.
Egyptians counted the economic cost of more than two weeks of turmoil on Wednesday as protesters on Cairo's Tahrir Square looked ahead to their next big push to oust President Hosni Mubarak later in the week.
Stocks slipped on Wednesday as a five-month rally that pushed the market to a new 2 1/2-year high started to shows signs of fatigue.
Federal Reserve Chairman Ben Bernanke on Wednesday suggested U.S. economic conditions are still too weak for the central bank to pull back on its vast monetary stimulus, despite a welcome drop in the jobless rate.
