Federal Reserve Chairman Ben Bernanke on Wednesday fought hard to protect the independence of the U.S. central bank and keep responsibility for consumer protection on financial products in its hands.
The Chinese government started a pilot program to provide technological support, subsidies and market pull to solar-power projects, aiming to boost the solar industry as a new growth point for the country's economy, state news agency Xinhua reported on Tuesday.
The Australian Dollar opens largely unchanged at 0.8160 after the domestic market's insipid reaction to yesterday's local inflation data which picked up in the June quarter by 0.5 per cent for a lower annualised reading of 1.5 per cent.
Delta Air Lines Inc , the world's biggest carrier, said on Wednesday it no longer expects to make money this year and Southwest Airlines Co's debt fell to near junk, while AirTran Holdings turned a profit and saw its shares jump 10 percent.
Michael Jackson's personal physician Dr. Conrad Murray should not targeted as criminal, attorney Edward Chernoff said late Tuesday on his law firm's website.
Wells Fargo & Co and other major U.S. banks said the troubled economy drove big increases in loan losses, reducing second-quarter earnings.
Republican lawmakers in California have threatened to scuttle a budget deal secured by the governor and top lawmakers over a plan for prison spending cuts, but Democrats said on Wednesday a vote on the agreement will take place this week.
A U.S. man has been charged with giving al Qaeda details about the New York City transit system and the Long Island Railroad, as well as firing rockets on U.S. troops in Afghanistan, according to court papers unsealed on Wednesday.
The U.S. economy is no longer on the brink of disaster but recovery will be slow and the jobless rate will remain stubbornly high in coming quarters, White House Budget Director Peter Orszag said on Wednesday.
Japan hinted on Wednesday it might do more to ease credit and Britain awaits more data before doing the same, while disappointing earnings from Morgan Stanley and Wells Fargo tempered optimism Wall Street can extend its recent rally.
The worst is yet to come for debt-laden, cash-strapped and increasingly jobless U.S. consumers.
U.S. drug enforcement agents and Los Angeles police on Wednesday raided a Houston clinic owned by Conrad Murray, the doctor who was with pop icon Michael Jackson when he died, searching for information on the singer's use of the anesthetic, propofol.
Israel's venture capital giant Pitango plans to team up with a Chinese partner to launch a $100-$200 million fund with investment focus on China's start-up companies, sources said on Wednesday.
The Beijing municipal government will fully support a bid by Beijing Automotive Industry Holding Corp (BAIC) for Ford Motor's Volvo car unit if the Chinese automaker fails in its current quest for General Motors' Opel, sources said on Wednesday.
Federal Reserve Chairman Ben Bernanke on Wednesday fought hard to protect the independence of the U.S. central bank and keep responsibility for consumer protection on financial products in its hands.
General Electric Co has received approval to step back from a U.S. government-backed debt program, a change that the largest U.S. conglomerate said will allow it to issue some debt more cheaply.
The ratings of embattled U.S. lender CIT Group will be downgraded to restricted default if it completes its offer to purchase its floating rate notes due in August, Fitch Ratings said on Wednesday.
Moms-to-be who smoke but quit early in pregnancy can sharply reduce their risk of having a premature or too-small baby, new research in the journal Obstetrics & Gynecology shows.
Investment gains are likely to boost valuations of U.S. property-casualty insurers when they report second-quarter results, after bruising investment losses marred recent quarters.
Middle East analysts from London-based risk consultancy Exclusive Analysis answer emailed questions about Iran, Saudi Arabia and UAE.
The Watergate Hotel in the U.S. capital, part of a complex made famous by a political scandal which brought down former U.S. President Richard Nixon, has failed to attract bidders at auction.
U.S. mortgage applications rose despite a jump in borrowing costs last week, but still bounced around the year's lows with unemployment fears depressing demand.
