Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group , one more step in the U.S. bank's plans to recoup losses from the financial crisis.
Business software maker Lawson Software Inc posted a first-quarter profit that beat market expectations, helped by increased license fee revenue and expense cuts, and forecast second-quarter results in line with Wall Street view.
The U.S. government and the body in charge of assigning Internet addresses signed an agreement on Wednesday that allows for greater global participation in the Internet domain name process.
CIT Group Inc is planning to offer its unsecured debt holders two options: either exchange their debt voluntarily, or face a prepackaged bankruptcy, sources close to the situation said on Wednesday.
The Australian Dollar opens today at 0.8810 having surged higher during local trade on Wednesday after stronger than expected economic data.
Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.
Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.
The Obama administration's pay czar joked Wednesday that he might have to move to Pluto to escape the fallout from his first batch of compensation decisions, which are expected in October.
Beleaguered Bank of America Corp said Chief Executive Ken Lewis will retire by year's end and his successor is yet to be determined, the bank announced late Wednesday.
Bank of America chief executive officer Ken Lewis will soon inform or has already informed his board of directors that he will be stepping down by the end of the year, according to CNBC.
The Obama administration's pay czar joked Wednesday that he might have to move to Pluto to escape the fallout from his first batch of compensation decisions, which are expected in October.
Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.
Penske Automotive Group said on Wednesday it has terminated discussions with General Motors Co to acquire the automaker's Saturn brand.
BEA release schedule: Oct - Dec 2009
Bank of America Corp's deal to sell part of its Columbia Management business for about $1 billion is a boost for its effort to unload unwanted assets and raise capital, but the low price suggests it is still facing a buyers' market.
Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.
Cyber criminals are increasingly focusing their attacks on the hundreds of millions of users of social networks and on loopholes in bank security systems, security software vendors said on Wednesday.
Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses.
One of the critical factors energy analysts focus on each fall, ahead of the rise in demand for heating fuels, is the pre-winter build-up of fuel inventories. This year, inventories are unusually high for all winter fuels, including distillates (which includes heating oil), natural gas, propane, and coal used for electricity generation.
In another sign that the economy is stabilizing, a closely watched private report tracking employment found nonfarm private employment fell by 254,000 from August to September 2009.
The Federal Reserve may need to begin to pull back its extensive support for the weak U.S. economy before it has healed enough to substantially lower the jobless rate and get factories working again, Fed Vice Chairman Donald Kohn said on Wednesday.
After a very tough first three months of the year, U.S. economic output rebounded sharply in the April through June period, according to a third gross domestic product estimate released today.
Stocks slipped on Wednesday on news of a surprising contraction in an index of Midwest business activity, but losses were limited by a bounce in technology bellwethers like Cisco Systems Inc at the end of a strong quarter.
U.S. payroll employment will turn positive in the early months of 2010 but the jobless rate is still likely to hit 10 percent before the cutting spree ends, Joel Prakken, chairman of Macroeconomic Advisers, said on Wednesday.
The greenback advanced against its major rivals in the Wednesday trading session, edging higher against the euro toward the 1.46-level, while pushing the pound sterling to beneath the 1.60-figure and briefly dragging the Swiss franc to a 3-week low at 1.0447. The catalyst for the dollar's gains was a sharply weaker than forecast report on Chicago PMI.
Federal Reserve Vice Chairman Donald Kohn said on Wednesday policymakers would raise rates well before consumer spending and business investment overheats, adding that obstacles to borrowing are likely to subdue the recovery for some time.
Windows is regaining some of its marketshare on Mac OS X, claims Microsoft CEO Steve Ballmer in a recent interview with TechCrunch.
A U.S. congressional panel is expanding its probe of credit rating agencies to look at why securities regulators ignored warnings from former Moody's Corp executives about the company's weak compliance department and ratings process.
Apple expanded in the UK mobile market as Orange and Vodafone are to offer its popular iPhone for frenzy consumers, signaling a subtle shift in power away from the network operators towards the manufacturers.
U.S. stocks were mostly flat on Wednesday, on a volatile last day of a strong third quarter, as a disappointing report on Midwest business activity was offset by gains in commodities and tech.
