Apple updated its 13-inch white MacBook adding additional speed, bigger storage and faster RAM.
Treasury Secretary Tim Geithner named Wednesday in Boston 32 organizations that are expected to receive $1.5 billion in business tax using funds from the stimulus plan Congress passed earlier this year.
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.
Intel is eyeing to release a server carrying 8-core 'Nehalem-EX' Processor in the second half of 2009 which the company says can deliver a number of new technical advancements and boost enterprise computing performance.
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.
Stocks fell on Wednesday as rising yields on U.S. government debt sparked worries about how borrowing costs could be affected, reversing a more than 2 percent rally in stocks Tuesday.
Sales of previously owned U.S. homes rose in April, a report showed on Wednesday, providing more evidence the housing market is stabilizing and backing views the recession is nearing an end.
The number of problem U.S. banks and thrifts rose to 305 in the first quarter of 2009, up 21 percent from 252 in the prior quarter, marking the highest number since 1994, the Federal Deposit Insurance Corp said on Wednesday.
A Cisco Systems Inc executive said the company's high-end router CRS-1 is gaining market share and demand is likely to be strong through 2010 despite a weak economy.
Corrects first paragraph to 21 percent increase instead of 40 percent increase
Oil prices rose to a six-month high above $63 a barrel on Wednesday after Saudi Arabia, OPEC's biggest member, said the global economy had strengthened enough to cope with oil at $75-$80 a barrel.
Sales of existing homes in the United States rose 2.9 percent in April, according to an industry survey on Wednesday that supported views the three-year housing recession was near a bottom.
Top office products retailer Staples Inc reported slightly higher-than-expected quarterly earnings on Wednesday, bolstered by its Corporate Express unit.
Major U.S. equity indexes were little changed on Wednesday after investors digested a key report on the housing market, though the Nasdaq rose on a semiconductor licensing agreement.
Sales of existing homes in the United States rose 2.9 percent in April, according to an industry survey on Wednesday that supported views the three-year housing recession was near a bottom.
Oil rose to a six-month high above $63 a barrel on Wednesday after OPEC's biggest member Saudi Arabia said the global economy had strengthened enough to cope with oil at $75-$80 a barrel.
The pace of sales of existing homes in the United States rose 2.9 percent in April, according to an industry survey on Wednesday that supported views the three-year housing recession was near a bottom.
Stock index futures pointed to a mixed open on Wednesday as General Motors inched closer to bankruptcy and investors await a key report on the housing market.
Bank of America Corporation announced Wednesday it was “well on its way” to reaching the $33.9 billion indicated Supervisory Capital Assessment Program (SCAP) buffer set by the Federal Reserve after it raised almost $26 billion to date.
Stock index futures pointed to a mixed to higher open on Wednesday as investors await key housing data which may bolster optimism the recession is abating.
World stocks rose and oil prices hit a 2009 high on Wednesday, while the yen fell after improving consumer confidence in the United States and Europe boosted expectations the global economy is starting to recover.
The U.S. recession is set to end soon, but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed.
Stock futures pointed to a slightly higher open for U.S. shares on Wednesday, building on strong gains made in the previous session, when consumer confidence data fueled hopes of an economic recovery.
Global Leveraged Capital, a private investment firm, said on Wednesday it is launching a new restructuring advisory group that will bring a different approach to fundraising at a time when struggling companies have little access to the credit markets.
Asian shares rose to a seven-month peak on Wednesday and oil prices hovered near their highest since November after a jump in U.S. consumer confidence reinforced a view that the global economy has bottomed, even if recovery appears fragile.
Following a Morgan Stanley plan unveiled last week, Citigroup and Bank of America are likely to soon raise base salaries for investment bankers to compensate for limits on annual bonuses, the Wall Street Journal said, citing people familiar with the matter.
Oil hovered little changed near a six-month high above $62 a barrel on Wednesday, as a jump in U.S. consumer confidence and signs of modest recovery in Japanese exports buoyed hopes that oil demand would rebound as the global economy recovers.
Oil hovered little changed near a six-month high above $62 a barrel on Wednesday, as a jump in U.S. consumer confidence buoyed hopes that the global economy was on its way to recovery and demand for oil would rise.
US EQUITIES rallied back from the long opening weekend of summer. Initial pressures from escalating geo-political tensions
Stocks climbed more than 2 percent on Tuesday as data showing the biggest monthly jump in consumer confidence in six years lifted hopes of an economic rebound, and a brokerage upgrade of Apple Inc drove sharp gains on the Nasdaq.
