If Apple truly is “insanely great” as co-founder Steve Jobs would have it, the availability of iOS 5 could be his true will and testament. It's a gigantic effort to seal loyalties of as many as 250 million global customers who will upgrade their current products, then set the stage for the roll-out of iPhone 4S, prospective iPhone 5, iPads and more.
Quarterly gold production soars at El Dorado Gold, driven by Turkish mine
The chief executive of Solyndra, a failed solar panel maker with a $535 million federal government loan guarantee, has left the company, according to documents filed by the company in bankruptcy court.
Stocks opened higher on Wednesday, putting the S&P 500 on track for its sixth winning day in the past seven on optimism that Slovakia would reach a deal to expand the euro zone rescue fund.
Parties in the outgoing Slovak government began talks with the opposition on Wednesday to reach an early agreement on ratifying a plan to strengthen the euro zone's EFSF rescue fund.
The CEO of failed solar panel maker Solyndra LLC has left the company, just weeks after he declined to answer questions posed by a congressional panel that was investigating a $535 million government loan to the company.
Drop in quality of ore hurts First Majestic quarterly silver production totals; company looks forward to fourth quarter
Shares of Alcoa Inc
dropped 3 percent on Wednesday after the biggest U.S. aluminum producer posted lower-than-expected quarterly earnings and warned of weak economic conditions, particularly in Europe.Stocks opened higher on Wednesday, putting the S&P 500 on track for its sixth winning day in the past seven on optimism that Slovakia would reach a deal to expand the euro zone rescue fund.
Parties in the outgoing Slovak government have reached an agreement with opposition leader Robert Fico to ratify a plan to strengthen the euro zone's EFSF rescue fund, TA3 television reported on Wednesday. It gave no details.
Italy braced for a confidence vote in Silvio Berlusconi's government and Slovak leaders scrambled to secure approval for a stronger euro zone rescue fund on Wednesday, highlighting the political hurdles to resolving the bloc's debt crisis.
Stocks were set for a higher open on Wednesday, putting the S&P 500 on track for its sixth day of gains in the past seven on optimism Slovakia would reach a deal to expand the euro zone rescue fund.
France's cabinet on Wednesday approved a law paving the way for the government to guarantee over one third of Franco-Belgian lender Dexia SA's potential losses on toxic debt, as called for in a rescue deal inked early this week.
EBay Inc is set to deepen its relationship with social network leader Facebook at a developer conference this week, a person familiar with the e-commerce company said on Tuesday.
France's cabinet on Wednesday approved a law paving the way for the government to guarantee over one third of Franco-Belgian lender Dexia SA's potential losses on toxic debt, as called for in a rescue deal inked early this week.
Stock index futures rose on Wednesday, putting the benchmark S&P 500 on track for its sixth day of gains in the past seven, as Slovakia moved to reach a deal on expanding the euro zone rescue fund.
Britain's economy is likely to get steadily weaker through the rest of this year, and the Bank of England's future decisions on asset purchases will be largely driven by overseas developments, BoE chief economist Spencer Dale told Reuters.
The euro zone economy risks a protracted period of weakness while inflation is not a worry, European Central Bank policymaker Ewald Nowotny said, expecting price pressures in the bloc to fall below the ECB's target level next year.
Stock index futures rose on Wednesday, putting the benchmark S&P 500 on track for its sixth day of gains in the past seven, as Slovakia moved to reach a deal on expanding the euro zone rescue fund.
Dexia Crediop, the Italian public financing arm of bailed-out Franco-Belgian bank Dexia , will soon be put up for sale, a source close to the matter told Reuters on Wednesday.
Gold prices rose 1 percent in Europe on Wednesday as the dollar fell to a three-week low against the euro, and after the Slovak parliament's rejection of a plan to expand the bloc's rescue fund stoked concerns over the Eurozone debt crisis.
Eurogroup Chairman Jean-Claude Juncker has proposed ten steps for solving the euro zone crisis including automatic sanctions for fiscally irresponsible governments, greater authority for the Commission and a dividend for taxpayers who rescue banks.
Our sense of market sentiment is that investors remain very cautious about any reversal of price trends
Britain's economy is likely to get steadily weaker through the rest of this year, and the Bank of England's future decisions on asset purchases will be largely driven by overseas developments, BoE chief economist Spencer Dale told Reuters.
Stock index futures pointed to a slightly lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.26 percent, Dow Jones futures down 0.14 percent and Nasdaq 100 futures down 0.22 percent at 0740 GMT.
World stocks slipped below an earlier three-week high on Wednesday while top-rated government bonds rose as a weak start to the U.S. earnings season and Slovakia's rejection of a plan to expand the euro zone rescue fund kept investors nervous.
A rebound in Chinese shares helped lift most Asian stocks into positive territory on Wednesday, but gains were limited by concerns that the threat posed to the global economic outlook by Europe's debt crisis is weighing on corporate earnings.
Ben Bernanke, if a Republican wins the White House in 2012: you're fired.
Asian shares fell on Wednesday on concerns Europe's debt crisis has hurt confidence in the global economy and is weighing on corporate earnings, while the Slovak parliament's rejection of a plan to expand the euro zone rescue fund added to uncertainty.
U.S. regulators are not likely to adopt a high-profile plan to protect money market mutual funds with an emergency liquidity facility, top fund company executives said.
