The Federal Reserve will start moving away from its zero interest rate policy later this year as the U.S. economy improves modestly and job growth resumes, the UCLA Anderson Forecast unit said on Wednesday.
The euro sank to a 10-month low against the dollar and a lifetime trough versus the Swiss franc on Wednesday as speculation Greece may have a difficult time securing debt aid highlighted instability in the euro zone.
General Motors Wednesday unveiled a new concept car that it hopes will solidify its position in electric vehicles, not least in China, the world's biggest auto market.
Carmaker Fiat is seen cutting 5,000 jobs as part of its strategic plan due to be unveiled next month while at the same time increasing Italian production by 50 percent, newspaper la Repubblica reported.
The euro hit 10-month lows against the U.S. dollar on Wednesday as investors doubted a solution for Greece's fiscal woes was on the cards, with the cautious mood holding Asian stocks below two-month highs.
JPMorgan Chase is closing in on a deal with the Federal Deposit Insurance Corp that could result in a tax refund of about $1.4 billion for the bank, the Wall Street Journal reported, citing people familiar with the talks.
The Organisation for Economic Cooperation and Development is considering coming up with a code of conduct for banks on how they help clients with taxes, a senior official said on Wednesday.
U.S. auto finance company GMAC Financial Services may sell its factoring business unit to Wells Fargo & Co , Bloomberg said, citing two people with direct knowledge of the matter.
Settlements of U.S. class-action securities lawsuits rose 39 percent in 2009, and the amounts could rise further as cases stemming from the financial crisis work their way through the courts.
US authorities warned parents in using baby slings to carry their child.
Researchers have found out the insulin can treat diabetes.
The euro plumbed record lows on Wednesday as investors remained skeptical about a solution for Greece's fiscal woes, while Asian stocks tracked Wall Street's rally overnight to push toward two-month highs.
Skype's popular telephony application will be available on nine phone models sold by Verizon Wireless starting on Thursday.
One of the biggest insider trading cases to hit London in years cast a shadow on Tuesday on European banks Deutsche Bank AG and BNP Paribas SA , as well as U.S. hedge fund Moore Capital.
Sprint Nextel Corp on Tuesday unveiled the HTC EVO 4G from HTC Corp, the No. 3 U.S. operator's first cellphone that will support its WiMax high-speed wireless service.
The moribund Manhattan office market regained a pulse in the first quarter, after a year that saw only eight properties sold for more than $30 million.
German car and truck maker Daimler AG was charged on Tuesday with violating U.S. bribery laws by showering foreign officials with millions of dollars and gifts of luxury cars to win business deals.
The Aussie dollar continued to pull back in early offshore trade weighed down by persistent selling in EUR/USD to eventually find a bottom around 0.9135 against the Greenback.
The United States on Tuesday said Google's action to shut its mainland Chinese-language portal was a business decision by the company that did not involve the U.S. government.
Treasury Secretary Timothy Geithner on Tuesday launched what could be a years-long process of overhauling the government's role in helping Americans buy homes, a first step toward rebuilding the housing finance system at the heart of the financial crisis.
The Obama administration's pay czar on Tuesday clamped down on 2010 pay at five U.S. firms that still depend on a government lifeline, but boasted that his burdensome restrictions are not sending talented workers fleeing for the exits.
Stocks rallied on Tuesday, led by the tech, industrial and materials sectors, driving the Dow and the S&P 500 to 18-month highs.
