What's cheaper than a fire sale? Answer: A government give-away.
AT&T Inc's Chief Executive Randall Stephenson said on Wednesday that the No. 2 U.S. mobile service would be keen to sell Palm Inc's high-profile Pre phone at some point in the future.
Chrysler looks set to clear its last major hurdle in its sprint through bankruptcy court as soon as Thursday, when a judge is expected to overrule more than 340 objections and approve its sale to a group that includes Fiat.
The U.S. president promised Wednesday to defend South Korea and Japan from any attack by North Korean amid escalating threat from the reclusive state.
General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand Opel.
On Wednesday IBM Corp announced that it will make up to $3 billion to finance smart infrastructure projects in Europe and Asia The announcement follows the announcement made by the company last April 30 for the availability of up to $2 billion to help jump start US economic stimulus programs.
OPEC ministers set their sights on oil prices above $70 a barrel as they gathered for talks in Vienna, but they were expected to hold output steady and rely instead on economic recovery to push the market up.
Sales of previously owned U.S. homes rose in April, a report showed on Wednesday, providing new evidence the housing market is stabilizing and backing views that the recession is nearing an end.
Freed U.S.-Iranian reporter Roxana Saberi thanked U.S. Secretary of State Hillary Clinton in person on Wednesday for pressing Iran to release her from a Tehran jail where she was held on charges of spying.
by Lisa Lambert
Yahoo Inc CEO Carol Bartz said any deal to spin off or combine its Internet search assets will require a partner with boatloads of money, and her company is talking a little bit with Microsoft Corp about a potential partnership.
AT&T Inc said on Wednesday it would double its wireless data network speeds as part of an upgrade that it aims to kick off later this year and complete in 2011.
Stocks dropped on Wednesday as rising yields on U.S. government debt fueled concern that businesses and consumers could face higher borrowing costs, which could hamper an economic recovery.
Boeing Co’s wholly-owned Insitu on Wednesday said it has reached its first $25 million contract for its ScanEagle SAUV vehicle for the Canadian government for Intelligence, Surveillance and Reconnaissance (ISR) operation in Afghanistan.
North Korea government announced Wednesday that it regards the 1953 armistice of the Korean War as void, meaning it could no longer guarantee the safety of U.S. and South Korean vessels in the Yellow sea.
Two lawyers who squared off in the legal case that determined the 2000 U.S. presidential election joined forces on Wednesday to ask a federal court to halt California's same-sex marriage ban, despite warnings from gay rights advocates not to mount a federal challenge.
The Myanmar court heard testimonies on Wednesday from witnesses for trying opposition leader Aung San Suu Kyi.
Yahoo Inc CEO Carol Bartz said the company continues to talk with Microsoft Corp about an Internet search deal, but stressed that search remains an important ingredient in Yahoo's array of online products.
McDonald's Corp executives said on Wednesday that the fast-food giant's McCafe coffee roll-out is off to a good start and that data on its market share impact should be available in about six months.
Germany scrambled on Wednesday to put a plan in place to protect carmaker Opel from a looming bankruptcy filing by U.S. parent General Motors .
Oil prices hit a six-month high near $64 a barrel on Wednesday after Saudi Arabia, OPEC's biggest member, said the global economy had strengthened enough to cope with oil at $75 to $80 a barrel.
The number of problem U.S. banks and thrifts soared to 305 in the first quarter of 2009, up 21 percent from 252 in the prior quarter and marking the highest number since 1994, the Federal Deposit Insurance Corp said on Wednesday.
