World Bank President Robert Zoellick said on Wednesday he will step down in June and Washington pledged to name a replacement candidate within weeks for a job that has always gone to an American.
Clearwire Corp said its 2012 revenue may fall, or at best remain at 2011 levels, as it faces increased competition at its biggest customer Sprint Nextel, sending its shares down more than 5 percent in late trade.
Nvidia Corp's forecast for first-quarter revenue fell short of Wall Street expectations as the chipmaker wrestles with a tepid personal computer market and more competition in smartphones and tablets, sending its shares down sharply after hours.
Greece expressed hope it can secure its second EU/IMF bailout in as many years and a deal on easing its debt burden next week, but its euro zone peers made clear the months of increasingly ill-tempered argument are not quite over yet.
Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit.
Stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.
Under pressure from U.S. legislators, Apple Inc moved Wednesday to quell a swelling privacy controversy by saying that it will begin to require iPhone and iPad apps to seek explicit approval in separate user prompts before accessing users' address book data.
Vilified from the presidential pulpit, an occupied Wall Street and even the Republican presidential campaign, one of the ultimate symbols of indulgence -- the private jet -- appears poised for a rebound.
Stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.
Greek party leaders have met the final two demands set by the country's international lenders to seal a bailout, paving the way for a deal and an agreement to ease its debt burden to be announced on Monday, Finance Minister Evangelos Venizelos said.
U.S. legislators on Wednesday sought more information from Apple Inc regarding its privacy policies, pulling the iPhone manufacturer into a swelling controversy over how developers on its popular iOS mobile platform have been able to access users' private address book data.
Telemarketers will have to get written consent before placing automated calls to consumers under new rules U.S. communications regulators voted to adopt on Wednesday.
President Barack Obama has the chance to change world economic development when he selects the next President of the World Bank, the outgrowth of World War II-era plans to use rich counties to spearhead economic growth.
U.S. stocks gave up gains on Wednesday as the S&P 500 hit a technical barrier near a nine-month high and Apple shares erased a 3 percent advance.
Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government over some home loans from its CitiMortgage unit.
Morgan Stanley was left holding a 7 percent stake in Denmark's TDC , or nearly half the total amount that it had tried to sell to institutions earlier this week in a deal which raised $1 billion for the telecom operator's main shareholders.
Tokyo Electric Power Co and a government-run nuclear compensation fund have requested the utility's lenders to provide 500 billion yen ($6.38 billion) in new financing in two stages as part of a loan package worth 1.07 trillion yen.
Dallas Federal Reserve Bank President Richard Fisher had a message for Wall Street on Wednesday: don't expect more from the U.S. central bank.
Hedge fund manager and long-time gold bull John Paulson cut his gold ETF bullion holdings by about $600 million in the fourth quarter, a second straight reduction that was likely driven by client redemption needs as he remained upbeat on the metal.
Gold rose in Europe on Wednesday, helped in part by a softer dollar, as investors sought clarity on prospects for a second Greek debt bailout and the outlook for growth in the euro zone.
Santorum is the latest of the anti-Romney candidates to have his time in the sun.
Angela Merkel has come under fire in Europe for failing to provide leadership in the euro zone crisis, but at home she is now riding a tidal wave of popularity that would make her fellow leaders envious.
Facebook's popularity in Brazil has exploded over the past year, and the company may have its biggest competitor to thank for it.
The S&P 500 index hit a fresh 7-month high before giving up some gains on Wednesday after mixed data on the U.S. economy and news of a possible delay in Greece's bailout.
Wall Street stocks were set for a higher open on Wednesday after better-than-expected N.Y. manufacturing data and remarks reiterated China's commitment to investing in euro zone debt.
The euro zone economy's shrunk at the end of 2011 and will flirt with a mild recession under the weight of the sovereign debt crisis, but strength in France and resilience in Germany may keep it above water.
Stock index futures rose on Wednesday, buoyed by comments from China's central bank chief that the country would keep investing in euro zone debt and better-than-expected data from Germany and France.
Alibaba Group, which is 40 percent owned by Yahoo Inc has petitioned the United States Trade Representative office over the inclusion of Taobao, its consumer e-commerce platform, on USTR's notorious markets for piracy list, an Alibaba Group spokesman said on Wednesday.
Rising costs, an uncertain regulatory environment and intellectual property rights violations are among the top challenges for U.S. companies in China, a survey showed.
Talks between Yahoo Inc and China's Alibaba Group over the U.S. Internet giant's Asian assets have hit an impasse, throwing their plans for a $17 billion tax-free asset swap into question, according to sources briefed on the situation.
