The U.S. Federal Reserve will not have to raise rates prematurely to head off inflation because of the central bank's ability to pay interest on reserves, New York Fed president William Dudley said on Wednesday.
U.S. stocks slipped on Wednesday as a steep drop in U.S. durable goods orders last month underscored fears of more economic weakness, and falling commodity prices hurt shares in the energy and resources sectors.
U.S. stocks slid on Wednesday as a steep drop in U.S. durable goods orders in June fueled fears of more economic weakness and falling commodity prices hit shares in the energy and resources sectors.
The Aussie dollar appeared to be heading back below the 82 cent mark yesterday before comments from the RBA governor Stevens sparked a wild buying frenzy in afternoon trade. Speaking at a charity lunch his comments on the prospects for the local economy he said he can “imagine more upside risks to the economy to balance out downside risksâ€, a signal that rates are more likely to go up rather than down from here.
Search engine giant Google Inc said it was interested in Microsoft's 10-year search deal with Yahoo announced on Wednesday, adding that competition was usually good for online users.
New orders for long-lasting U.S. manufactured goods notched their biggest decline in five months in June, while applications for mortgages fell last week in a sign that economic conditions remain fragile.
Analyst said software budgets will increase 1.53% globally in 2010, according to a Gartner survey on Tuesday, amid reductions in IT budgets in enterprises.
New orders for long-lasting U.S. manufactured goods fell more sharply than expected in June, notching their biggest decline in five months as demand for communications and transportation equipment slumped, a government report showed on Wednesday.
Stocks opened lower on Wednesday as a larger-than-expected 2.5 percent drop in June new orders for long-lasting U.S. manufactured goods revived worries that the economic recovery might be weak.
Stocks opened lower on Wednesday as a larger-than-expected 2.5 percent drop in June new orders for long-lasting U.S. manufactured goods revived worries that the economic recovery might be weak.
Stocks headed for a lower open on Wednesday as a larger-than-expected 2.5 percent drop in June new orders for long-lasting U.S. manufactured goods revived worries that the economic recovery might be weak.
Health insurer WellPoint Inc posted a 7.6 percent drop in net income on Wednesday, but the results topped analysts' forecasts as its programs for the elderly improved their performance.
Bernard Madoff, the financier convicted for Wall Street's biggest investment fraud, was surprised his $65 billion Ponzi scheme was not uncovered sooner, he said in his first interview since entering prison.
Stock index futures fell on Wednesday as a drop in commodity prices looked set to weigh on shares of natural resource companies and investors digested the impact of an overnight sell-off in Chinese stocks.
Oil fell below $66 a barrel on Wednesday after U.S. data showed an unexpected rise in crude inventories and triggered a second day of selling.
Stock index futures slipped on Wednesday as investors paused to gauge if the recent market run-up will be sustained, while a drop in commodity prices looked set to weigh on shares of natural resource companies.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as the market braced for more corporate earnings and after a late afternoon sell-off in Chinese stocks rattled investors.
Convicted and admitted fraudster Bernard Madoff believed federal authorities had figured out his scam on several occasions, according a lawyer who met with him on Tuesday.
Vornado Realty Trust is looking to raise between $550 million and $600 million through a bond sale, the Wall Street Journal said, citing people familiar with the matter.
A late sell-off on Shanghai's stock market depressed emerging market stocks on Wednesday and took Asian shares off multi-month peaks, although the mood failed to carry over into Europe.
Micron Technology, Inc. and IDT (Integrated Device Technology, Inc.) has entered into an agreement to create Solid-State Drive (SSD) technologies.
Oil slid below $67 a barrel on Wednesday, extending losses from the more than $1 retreat the day before, on renewed concerns over the U.S. economy after a drop in consumer confidence and bearish API crude data.
IBM entered into a definitive merger agreement with a publicly-held company SPSS Inc. in an all cash transaction of $1.2 billion.
Oracle on Tuesday releases new upgrade for its TimesTen In-Memory and the database caching option for Oracle Database 11g design for middle-tier deployment.
The number of jobs created or saved by infrastructure projects funded by the U.S. economic stimulus plan more than doubled in June from May, according to a report released Tuesday by a House of Representatives committee.
The Dow and the S&P 500 dipped on Tuesday as investors shrugged off weak consumer confidence data and focused on positive earnings reports.
Ubisoft, whose revenues declined 51 percent in the first quarter, delayed its awaited game Splinter Cell Conviction and Red Steel 2 due to slow demand and in the anticipation of market conditions.
A House panel on Tuesday voted on a legislation banning corporate pay practices and will impose restrictions on the pay of top executives and give shareholders a vote on executive compensation that encourages financial companies to take inappropriate risks. The bill, which is opposed by Republicans, was approved in a 40-28 party-line vote.
Legislation that would impose new curbs on executive pay was approved on Tuesday by a congressional committee, advancing a component of the Obama administration's broad plan to tighten financial regulation.
The Dow and the S&P 500 dipped on Tuesday, recovering from earlier declines, as investors shrugged off weak consumer confidence data and focused on positive earnings reports.
