Europe's drive to cut drug prices as well as U.S. healthcare reforms are likely to dampen global pharmaceutical companies' growth outlooks for 2011.
Netflix Inc., the movie rental service, reported better-than-expected quarterly profit, fueled by rapid subscriber growth that shows no sign of letting up this year.
The U.S. dollar slipped on Thursday to 11-week lows, while commodity prices and Asian stocks rose after U.S. Federal Reserve policymakers voted unanimously to maintain a $600 billion bond-buying plan to fuel an economic recovery.
Starbucks Corp, the world's largest coffee chain, expects rising coffee prices to hit profits more than it previously thought but stressed that it would not raise prices to cover the extra expense.
Jack Plunkett, CEO of Plunkett Research, believes the U.S. economy is headed towards a secular boom between now and 2025.
Sales of U.S. new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of the market's recovery.
Gold rose on Wednesday, snapping a four-day losing streak, after the Federal Reserve's lukewarm economic assessment and its plan to complete its bond-buying program boosted bullion's safe-haven appeal.
U.S. short-term interest rate futures traders pared bets that the Federal Reserve will start raising rates this year after the central bank left rates near zero and reiterated its promise to keep them there for an extended period.
Some Verizon Wireless customers using BlackBerrys have been limited to making voice calls on Research In Motion's smartphone for as long as a week, but Verizon said on Wednesday the issue was fully resolved.
Billionaire investor George Soros said on Wednesday European governments will have to cut services to bring down deficits, but the crisis has calmed.
Sales of new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of a recovery in the market.
Sales of new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of a recovery in the market.
Singer Jimmy Buffett has been released from a Sydney hospital on Wednesday after suffering a head injury the previous day, according to a statement from his official website.
Motorola Mobility Holdings Inc sold slightly fewer smartphones than expected in the fourth quarter and said it was already feeling pressure from new competition from the Apple Inc iPhone, sending its shares down 6 percent.
Governor Deval Patrick unveiled a fiscal 2012 budget that will cut $570 million, or 1.8 percent, from last year's budget – the largest such cut in 20 years -- and particularly hammer social services, health care and aid to municipalities.
Bob VanSickle was a lifelong New Jersey resident, but when he left after 52 years for what he calls kinder, gentler New Hampshire, he never looked back.
Starbucks Corp forecast full-year earnings below analysts' expectations as the company expects rising coffee prices to hit profits more than it previously thought.
(Company corrects to narrow fiscal 2011 forecast range in second bullet and fifth paragraph. The information first appeared in UPDATE 2. Changes headline due to space
considerations)
Ford Motor Co is recalling about 525,000 older model Windstar minivans in cold-weather areas because corrosion could cause a separation of parts under the vans that might reduce steering control, company and federal government officials said on Wednesday.
President Barack Obama and members of Congress agree that cutting the federal deficit is important but what should be cut and by how much is the debate ahead as the next budget battle takes shape.
Boeing Co. E.I. du Pont de Nemours and Co. drive Dow to highest point since June 2008.
The Mexican economy is getting a helping hand from unlikely allies: Chinese workers whose rising wages are leading more companies to build factories in Mexico.
