Bank of America Corp has reached an agreement with the U.S. government repay its $45 billion in bailout funds in the next few days, the company said on Wednesday.
The top Republican on the Senate committee, John McCain voiced doubt about Obama's withdrawal plan in Afghanistan, echoing fears that it could allow Taliban militants to wait out the U.S. troop surge and reassert themselves later.
It's a story fraught with accusations of broken promises, backroom deals and deception, leaving an established Internet giant fighting to preserve its valuable stake in a well-loved classified advertising website.
Ciena Corp and a Nokia Siemens Networks squared off in U.S. and Canadian courts on Wednesday to press their claims to the highest bid in an auction of a unit of bankrupt Nortel Networks Inc.
The Aussie dollar bounced from an early morning dip to 0.9235 yesterday to trade within a whisker of the 93 cent handle overnight buoyed by gains in commodity and equity markets.
It's a story fraught with accusations of broken promises, backroom deals and deception, leaving an established Internet giant fighting to preserve its valuable stake in a well-loved classified advertising website.
The Chicago Board Options Exchange could launch an initial public offering by May following a recent settlement of a protracted legal dispute, according to the Wall Street Journal.
The Nasdaq rose on Wednesday as strong online holiday sales boosted shares of retailers, including Amazon.com , and relieved some concerns about the consumer.
The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said on Wednesday. Mark Zandi, chief economist at Moody's Economy.com in West Chester, Pennsylvania, said in an interview with Reuters home prices will resume their decline by early next year as foreclosure sales pick up again.
Fed reports improving economy; Tribune Changes Leader; Improving Labor Market
All about Tiger Woods' alleged lovers Rachel Uchitel, Jaimee Grubbs and Kalika Moquin.
The U.S. labor market improved in November, with private sector job losses declining for the eighth straight month and employers planning fewer layoffs, separate reports showed on Wednesday.
National Grid Plc and Cape Wind have agreed to enter negotiations for a long-term contract under which the power utility operator would buy power generated by Cape Wind's proposed offshore wind farm, Massachusetts Gov. Deval Patrick said on Wednesday.
Financial benefits from climate change legislation for U.S. farmers will greatly outweigh any additional costs they face from measures limiting greenhouse gas emissions, U.S. Agriculture Secretary Tom Vilsack said on Wednesday.
U.S. securities regulators have stepped up their probes of hedge funds and are asking some firms to hand over information about their performance and trades, a source familiar with the matter said on Wednesday.
U.S. central bankers should not let pockets of weakness distract them from fighting inflation as the economy recovers, Richmond Federal Reserve Bank President Jeffrey Lacker said on Wednesday.
General Growth Properties reached agreements with additional lenders to extend loans on its shopping centers and other properties and will ask a judge later this month to approve the plan that so far covers $9.7 billion of its secured debt.
Alberta's sprawling tar sands region holds the second largest oil reserve in the world after Saudi Arabia, but investors lured by the promise of black gold should think twice about the environmental risks, a Canadian investment fund warns.
ConocoPhillips said on Wednesday it plans to spend 10 percent less in 2010 as the third-largest U.S. oil and gas company slims down and sharpens its focus in response to volatile energy markets.
Tiger Woods admits 'transgressions' amid 3 lovers scandalTiger Woods issued a whole hearted apology for his transgressions, after numerous reports emerged involving the world famous golfer with apparently three different women.
India thinks it may be possible to cut its carbon intensity by 24 percent by 2020 compared with 2005 levels, according to provisional government estimates obtained by Reuters Wednesday.
U.S. central bankers should not let pockets of weakness in the economy distract them from fighting inflation, Richmond Federal Reserve Bank President Jeffrey Lacker said on Wednesday.
