Oil jumped more than 3 percent toward $82 a barrel on Wednesday, its highest level in a year, due to a drawdown in U.S. refined oil inventories and as a rise in U.S. equities showed optimism about the economy and a potential rebound in energy demand.
Google Inc is partnering with major music labels to launch a new feature to make it easier to discover, sample and buy songs on the search engine, according to two people familiar with the plan.
Wells Fargo & Co and U.S. Bancorp posted earnings that trounced Wall Street expectations, helped by outsized revenue from underwriting mortgages.
If electric cars plug in at rates hoped for by automakers in the coming years, there will be enough power to serve them, the biggest U.S. electric utilities industry group vowed on Wednesday.
Chinese President Hu Jintao has told his U.S. counterpart Barack Obama that closer cooperation on fighting climate change could help improve overall ties between the world's top two greenhouse gas polluters.
Chinese solar panel maker Suntech Power Holdings Co Ltd (STP.N) said on Wednesday it will begin shipping a new solar system for large-sized projects next year, betting that the U.S. solar utility market will heat up.
Oil jumped 3 percent to over $81 a barrel on Wednesday to its highest level in a year due to a drawdown in U.S. refined oil inventories and as a rise in U.S. equities showed optimism about the economy and a potential rebound in energy demand.
Barnes & Noble's new Nook e-reader made its debut on Tuesday and became the latest in a series of new eReaders popping up recently to compete with Amazon's Kindle.
U.S. stocks gained on Wednesday as results from banks, including Morgan Stanley, topped expectations, and on increased optimism about the technology sector's profit outlook.
House of Representatives Speaker Nancy Pelosi said on Tuesday new estimates showed a healthcare overhaul drafted by Democrats would reduce the U.S. budget deficit over 10 years and cost less than $900 billion.
Plains Capital Corp, a Dallas-based bank holding company and mortgage lender, said it expects its initial public offering of 15 million shares to be priced at $14 to $16 a share, in what could be the first IPO by a bank in more than two years.
India's Prime Minister Manmohan Singh is likely to meet his Chinese counterpart Wen Jiabao on Saturday, hoping to douse an escalating verbal duel between the Asian giants centered around their decades-old border dispute.
Many of us enjoy the rhythmic sound of water. Spraying water. Rushing water. Trickling water. The sound of water gently lapping at a shore or raindrops on the roof of our home. We have water
A management revamp at Nokia following a record loss has given 51-year old chief financial officer Rick Simonson a shot at becoming the first non-Finnish chief executive of the world's largest handset maker.
Gentex Corp posted a better-than-expected 58 percent rise in third-quarter profit on Wednesday and forecast a revenue increase of up to 35 percent for the fourth quarter, citing improving production volumes by automaker customers.
Oil jumped to $80.05 a barrel on Wednesday, matching its one-year high hit the previous day, after a U.S. government report showed a smaller than expected rise in crude stocks in the world's top consumer.
Sallie Mae, the largest U.S. student loan provider, forecast higher earnings in 2010, boosted by lower loan loss provisions and more stable credit markets, sending its shares up as much as 22.5 percent.
Pakistani helicopter gunships attacked Taliban bases near the Afghan border on Wednesday as the army urged NATO forces to seal the frontier to stem cross-border movement of militants.
General Motors Co has not subscribed to the $424 million rights issue of its South Korean unit by a Wednesday deadline, according to a report, but its overseas units are now expected to take up the offer.
Yahoo Inc beat Wall Street's profit and sales expectations as spending by advertisers showed signs of life in the third quarter and as months of cost-cutting and restructuring boosted the Internet company's bottom line.
The U.N. nuclear watchdog chief on Wednesday presented a draft deal to Iran and three big powers for approval by their capitals by Friday to allay fears Tehran might use an enriched-uranium stockpile to make nuclear weapons.
U.S. Defense Secretary Robert Gates pressed Japan on Wednesday to implement quickly a deal to reorganize the U.S. military presence in the country, an issue that could test ties with Tokyo's new government.
