Google Inc and other companies were investigating on cyber attack by China and more details have emerged.
U.S. stocks rose on Wednesday as investors bought financial and technology shares ahead of earnings from bellwethers Intel Corp and JPMorgan Chase & Co later this week.
Stocks extended gains on Wednesday as investors scooped up financial and technology shares, and Merck & Co benefited from a brokerage upgrade.
A federal appeals court on Wednesday reinstated an antitrust lawsuit accusing major record labels of conspiring to fix prices and terms under which their music would be sold over the Internet.
Google Inc announced Tuesday it is no longer willing to continue censoring Internet search results in China, and that it may shut down the google.cn website and pull its offices in the country.
Google has embarked on a game of brinksmanship in China, saying it may quit the world's biggest Internet market by users after hackers apparently looking for information on dissidents broke into its China site.
Top executives of Wall Street's biggest banks acknowledged broad failures as they testified to a U.S. commission looking into the financial crisis, while the White House said an industry apology was in order.
Kraft Foods Inc CEO Irene Rosenfeld was going door-to-door in London on Wednesday, visiting Cadbury's largest shareholders at their offices to win support for a $17 billion takeover bid.
Stocks rose on Wednesday, shrugging off earlier losses, after Kraft raised its outlook and a brokerage upgraded Merck & Co. in welcome signs about future earnings.
Google Inc's threat to withdraw from China over censorship and cyber attacks has suddenly jeopardized any plans it has for the world's biggest Internet market, stunning investors and analysts.
Goldman Sachs defended its role in creating securities at the center of the financial crisis under tough questioning from a U.S. commission investigating the 2008 meltdown.
Google Inc said on Tuesday that it is considering shutting down its China operations and website after hackers in China coordinated a highly sophisticated cyber-attack on the Internet search giant in December and targeted at least a score of other major corporations.
Stocks edged lower on Wednesday as a fall in the price of oil weighed on energy shares and Google Inc slumped after it said it might withdraw from China, weighing on the Nasdaq.
A hedge-fund manager referred to as Tipper X in the Galleon Group insider-trading case could lead prosecutors to widen the probe to hedge funds that had not been previously implicated, the Wall Street Journal said on Wednesday, citing people familiar with the case.
Wall Street looked set for a modest rise on Wednesday as a positive outlook from Kraft Foods Inc revived hopes for a strong earnings season, and Chinese Internet search engine Baidu Inc surged on news rival Google Inc may pull out of China.
An attack on Google and at least 20 other companies, that originated from China, seems to have exploited a vulnerability in the popular Adobe Acrobat and Adobe Reader software, possibly to steal proprietary codes.
Stock index futures rose on Wednesday as a positive outlook from Kraft Foods Inc revived hopes of a strong earnings season, and Chinese Internet search engine Baidu Inc surged on news rival Google Inc may pull out of China.
REYKJAVIK, Jan 13 (Reuters) - Iceland's economy minister said on Wednesday there were signs the country's IMF-led aid package would be delayed after a hitch in a deal to repay the UK and the Netherlands money lost in the island's banking collapse.
LONDON (Reuters) - The euro hit a one-month high against the dollar on Wednesday while higher-yielding currencies trimmed losses from the previous day as investors concluded China's surprise monetary tightening would not derail growth.
LG Electronics Inc, the world's No. 3 mobile phone maker, aims to increase handset sales by 20 percent this year and is pinning its hopes on Google's Android operating system to beef up its smartphone range.
An aviation industry outsider, the 77-year-old Kazuo Inamori looks set to take on the daunting task of turning around an airline saddled with $16 billion in debt, mired in losses and grappling with a massive pension shortfall.
U.S. mortgage applications rose during the first week of 2010, reflecting a surge in demand for home refinancing loans as interest rates dropped, data from an industry group showed on Wednesday.
Kazuo Inamori, the founder of electronics maker Kyocera Corp , agreed on Wednesday to become the new chief executive of Japan Airlines , as the carrier's shares plunged ahead of its expected bankruptcy.
China's monetary tightening and disappointing corporate earnings put downward pressure on world stocks on Wednesday, combining to present investors with two of their biggest concerns.
President Barack Obama will announce plans on Thursday to raise up to $120 billion from major U.S. financial firms to cover expected losses from a taxpayer-funded bank bailout, a senior administration official said on Tuesday.
An executive from Goldman Sachs Group Inc said the company in some cases profited by trading ahead of or against its own clients, the New York Times said on its website.
Chinese stocks led a drop in Asian equities on Wednesday as Beijing's surprise hike of banks' reserve requirements sparked investor concerns that the move could slow the country's purchases of natural resources and other imported goods from Asia.
Google Inc may pull out of China because of censorship and cyber attacks on rights activists, further straining Sino-U.S. relations as Washington prepared to tackle global Internet censorship.
Shares of Japan Airlines Corp's tumbled 81 percent, leaving it with a market value of just around $200 million, on mounting expectations the airline will file for bankruptcy next week and be delisted.
Stocks and commodities fell in Asia on Wednesday after China's surprise hike of banks' reserve requirements sparked investor concerns that the move could slow China's purchases of natural resources and other imported goods from Asia.
