Why Washington Wants to Prevent AT&T from Expanding: The Numbers Update
Why does Washington seek to bar the $39 billion takeover of No. 4 wireless carrier T-Mobile USA by No. 1 carrier AT&T? The numbers tell the story.
Why Greece Matters to Your Life
A whirl-wind day in the financial crisis: the European Central Bank renewed loans to key banks, and Germany backed an increase in the bailout fund ahead of a European leader summit to discuss debt-plagued Greece. Is the crisis over? Far from it, but it is a start. Here's how the Greece situation can affect your life.
Durable goods demand shows economy strengthening
The economy appears to be heading into the fourth quarter with solid momentum with demand for a range of long-lasting U.S.-made goods rising at the fastest pace in six months in September and businesses stepping up spending plans.
Eurozone gets ECB boost, summit deal uncertain
The incoming head of the European Central Bank threw the euro zone a lifeline hours before a crucial summit on Wednesday which looked set to fall short of a definitive plan to tackle the bloc's debt crisis.
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Merkel wants EU deal on 50 pct Greek writedown
German Chancellor Angela Merkel said Wednesday European leaders should agree on what would amount to a 50 percent write down of Greek debt from the private sector at a summit to tackle the euro zone debt crisis later.
FTSE steady as European debt plan concerns linger
Britain's top share index was steady Wednesday, with investors keeping largely to the sidelines as the prospects for a comprehensive deal to tackle the euro zone debt crisis at a summit looked slim.
Gold Price: Rising Out of 'Purgatory'?
Gold, which has just blown past its 100-day moving average price, is set to challenge its 50-day moving average, which is $1,741.17.
Euro crisis weighing on UK economy - Bank's Dale
The Bank of England's means to boost the fragile British economy are limited as the euro zone crisis is weighing on growth, the Bank's chief economist Spencer Dale said in a newspaper interview published on Wednesday.
Berlusconi heads to summit with minimum reform promise
Italian Prime Minister Silvio Berlusconi is expected to give a European summit on Wednesday only vague promises of economic reform instead of the firm undertakings demanded by European leaders.
European shares inch up ahead of debt summit
European shares edged higher in thin, choppy trade Wednesday ahead of a meeting of regional leaders to try and resolve the two-year-old euro-zone debt crisis.
Banks haggle over Greek debt ahead of euro
Bankers were locked in a high-stakes poker game with politicians over the scale of write-offs on Greek bonds on Wednesday, making little visible progress just hours ahead of a crucial meeting of European leaders to solve the debt crisis.
S&P turns negative, Nasdaq down 1 percent
The S&P 500 and Nasdaq indexes turned negative on Wednesday, with the Nasdaq falling 1 percent as discouraging corporate results preceded a meeting of European leaders to tackle the region's debt crisis.
Instant view: Durable goods orders ex-transportation up
Demand for a range of long- lasting U.S. manufactured goods rose more than expected in September to post the largest increase in six months, cementing views of a step-up in economic growth in the third quarter, even though new orders for transportation equipment fell.
Nazi jokes, wrath at Germans highlight Greek despair
The dark shadow of German-driven austerity measures squeezing Greece has revived historical enmities and evoked comparisons to the massive destruction of the Mediterranean country at the hands of Nazi Germany over 65 years ago.
Wall Street rises on earns, but caution over Europe
The Dow and S&P 500 rose on Wednesday on optimism about corporate earnings and positive signals ahead of a meeting of European leaders to tackle the region's debt crisis.
WTO warns G20 to resist protectionist urges
Economic pressures are tempting G20 governments to resort to protectionism in a misguided bid to shield their domestic markets from problems that are unrelated to trade, the World Trade Organisation said in a biannual report on Wednesday.
2011 Turkey Earthquake is a True Disaster; Someone Must Be Blamed
Hundreds of people have been confirmed dead after the Van, Turkey earthquake and thousands more could still be buried. Could the devastation have been avoided?
Ireland's NAMA financing commercial property deals
Ireland's state-run National Asset Management Agency has started offering financing to commercial property buyers and expects to ramp up such lending next year, its chief executive said on Wednesday.
October factory orders suffer biggest drop in a year - CBI
Factory orders fell at their fastest pace in a year in October and firms expected to cut output as worries about the euro zone debt crisis weighed on sentiment, the CBI's October industrial trends survey showed on Wednesday.
WellPoint raises forecast as profit beats
WellPoint Inc posted a higher-than-expected third-quarter profit on Wednesday on strong membership gains, and the health insurer raised its full-year profit forecast.
Argentine Mineral Extraction Co.s Must Repatriate All Export Revenue
Argentina's oil, gas and mining companies must start repatriating all export revenue, according to an order by President Cristina Fernandez de Kirchner's administration, which is struggling to halt capital flight from the inflation-plagued economy.
Ford Motor Company Turnaround: 5 Lessons for Emerging From Hard Times
As many Americans and others throughout the world grapple with making a comeback in lingering difficult economic conditions from the 2008 Great Recession, here are 5 lessons to learn from Ford Motor Company for dealing with and coming back from hard times.
Wall Street set for higher open on corp earnings
Wall Street stocks were set for a higher open on Wednesday as optimism about corporate earnings offset concerns about an upcoming meeting of European leaders to tackle the region's debt crisis.
Hurricane Rina nears Mexico's beach resorts
Hurricane Rina headed for Mexico's Yucatan peninsula on Wednesday with winds just shy of major hurricane strength, threatening beach resorts but steering clear of oil platforms.
Blizzard Attempts to Attract Players Back Into the 'World of Warcraft' Fold
Amid slipping subscription numbers Blizzard tries a number of methods to attract old World of Warcraft players back into their Popular Massively Multiplayer Role Playing Game. But are the new incentives enough to get lapsed playing back into WoW, or does it just cost too much to get back into the game.
Conclusive summit deal on euro zone crisis looks elusive
Prospects for a comprehensive deal to resolve the euro zone debt crisis at a summit on Wednesday looked dim, with disagreements remaining on critical aspects including how to give the region's bailout fund greater firepower.
Claude Resources to Pay $18.7M for St. Eugene Mining
Precious metals miner Claude Resources increased its offer for the rest of St. Eugene Mining Corp. in a stock deal that now values the smaller gold exploration company at $18.7 million, the Canada-based company said.
Irish oppose EU treaty change to handle crisis - poll
The Irish electorate is likely to reject any attempt to extend the European Union's powers to deal with the region's financial crisis, a poll in The Irish Times newspaper showed on Wednesday.
Durable goods orders rise in September
Demand for a range of long- lasting U.S. manufactured goods rose more than expected in September to post the largest increase in six months, cementing views of a step-up in economic growth in the third quarter, even though new orders for transportation equipment fell.
Durable goods orders ex-transportation rise in September
Demand for a range of long- lasting U.S. manufactured goods rose more than expected in September to post the largest increase in six months, cementing views of a step-up in economic growth in the third quarter, even though new orders for transportation equipment fell.
FTSE nudges higher as investors eye EU summit
Reuters - Gains in defensive stocks helped the FTSE 100 higher on Wednesday, with markets set to remain reactive to snippets leaking out of a European summit where investors hope the continent's leaders will agree a plan to tackle the debt crisis.
Gold Prices Rise for Fourth Straight Day
Gold prices headed for a fourth consecutive daily gain Wednesday as investors returned to the yellow metal for protection from the ongoing risks to the European economy and weakness in the U.S. economy.
Investors brace for euro zone debt decision
Investors stayed cautious ahead of a summit expected to deliver pledges to tackle the euro zone's debt crisis rather than firm commitments, keeping the euro above $1.39 as stocks markets traded little changed.
Italy keeps Europe on tenterhooks over reform
Italian Prime Minister Silvio Berlusconi goes to the European Union Wednesday with an offer of economic reforms after bickering coalition parties hammered out a last-minute deal.
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