Asian stocks and the euro rose on Wednesday after upbeat U.S. and German data and strong demand for Spanish debt tempered risk-aversion, with investors' focus turning to a European Central Bank tender as a gauge for euro zone funding strains.
The United States has removed Baidu Inc, China's largest search engine, from its list of notorious markets for piracy in a nod to the firm's efforts to clean up its music offerings.
Asian stocks and the euro rose on Wednesday after upbeat U.S. and German data and strong demand for Spanish debt, with investors' focus turning to a European Central Bank's tender as a gauge for euro zone funding strains.
In a copyright case with broad implications for digital media, record company UMG Recordings Inc lost a bid to revive its lawsuit against a video-sharing website.
Contract manufacturer Jabil Circuit Inc posted quarterly revenue below analysts' estimates as its large customers battled inventory pile-ups, and sees lower revenue in the second quarter from its high-velocity segment which services digital products.
Van Eck Global, a fund manager with wide experience in emerging markets, is preparing to debut in another risky sector it bets will offer competitive returns in 2012 -- Europe's high-yield corporate debt market.
China's Premier Wen Jiabao has told the nation's banks to clean up lending policies that have left some businesses struggling with excessive borrowing costs as slowing export growth and other pressures eat into profits, state newspapers said on Wednesday.
Immigrants founded or cofounded almost half of 50 top venture-backed companies in the United States, a new study shows, underscoring some of the high stakes in potential immigration reform.
Oracle Corp fell well short of Wall Street's expectations on both hardware and software sales in its fiscal second quarter, wiping more than 8 percent off its shares.
Oracle Corp's profit missed Wall Street's forecasts for the first time in a decade after new software sales sputtered, hammering its shares and stoking fears that a global economic slowdown is hurting tech spending.
The Justice Department is probing Verizon Wireless' multi-billion dollar deal to buy wireless airwaves from cable operators and let them resell its mobile service, the department said on Tuesday.
More than 10 Italian banks are looking to apply for the European Central Bank's new three-year loans to banks on Wednesday by using state-guaranteed bonds as collateral, a source close the situation told Reuters on Tuesday.
A small private plane crashed on a busy New Jersey highway on Tuesday, killing five people including two managing directors with New York-based investment bank Greenhill & Co Inc.
The collapse of AT&T's deal to buy Deutsche Telekom's U.S. wireless unit may be welcome news for network equipment makers, as money earmarked for the merger will be freed up for investments.
Greenhill & Co Inc said two managing directors were believed killed in a crash of a private plane on a busy New Jersey highway on Tuesday.
Two managing directors of Greenhill & Co Inc were believed to be among five people killed in a crash of a private plane on a busy New Jersey highway on Tuesday, the boutique investment bank said.
Greenhill & Co Inc said two managing directors were believed killed in the crash of a private plane on a busy New Jersey highway on Tuesday. Press reports indicated the crash killed five people aboard the plane and left no survivors.
Stocks rallied nearly 3 percent on Tuesday as investors bought surging banks, homebuilders and networking companies, though low volume was seen as amplifying the market's move.
The Federal Reserve proposed new capital and liquidity rules for the largest U.S. banks that would roll out in two phases and not likely go further than international standards.
Talks over restructuring part of Greece's massive public debt ran into trouble on Tuesday as one fund walked away from negotiations, fuelling growing doubts about whether a deal that is crucial to a new bailout agreement can be reached this year.
No doubt 2011 was a major year for technology in part because it touched everyone differently. Following are some of the highlights and lowlights of the year:
Wall Street will be required to report complex swap trades in real time under a final rule the U.S. futures regulator approved on Tuesday, moving to lift the veil on the murky $700 trillion market, but the agency delayed a decision on block trades until next year.
Housing starts and building permits jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was entering a tentative recovery.
Greek finance minister Evangelos Venizelos was hopeful on Tuesday of at last reaching the deal with private sector bondholders that is key to a new bailout package for the country.
Gold prices rose Tuesday with other commodities and global equities on unexpected signs the U.S. housing market is turning around and continued improvement in the Eurozone.
Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for three years in a last-ditch effort to get their $9 billion merger cleared in the European Union.
Stocks surged more than 2 percent on Tuesday as positive economic data at home and abroad cheered investors after some recent declines, though low volume was seen as exaggerating the market impact.
The Federal Reserve proposed on Tuesday new capital and liquidity rules for the largest banks that would roll out in two phases and not likely go further than international standards.
A former UBS trader accused of carrying out a $2.3 billion rogue trading fraud that rocked the Swiss bank was given more time on Tuesday to consider his plea after changing his legal team.
Stocks extended gains on Tuesday, with the Nasdaq rising 3 percent as investors latched onto signs of easing stress in Europe's bond markets as well as positive economic data at home and abroad.
