Give Steve Jobs credit: while nobody can possibly know how Apple will fare without its co-founder and Chairman, the company has a qualified CEO and management team. In Silicon Valley these days, that's a major difference.
Captains of Google, Bank of America and Citicorp say they are ready to pay higher taxes, as long as Congress uses the money to get the U.S. economy back on its feet.
Bank of America Corp said an ongoing upgrade and heavy traffic was behind six days of problems with its banking website, easing concerns about possible hacking.
Over two dozen states are scrutinizing Express Scripts' proposed acquisition of Medco Health Solutions , as pharmacists stoke fears that the $22 billion deal would propel the companies' aggressive tactics.
Bank of America Corp's exposure to the European debt crisis is very small but that region's problems pose a real threat to the U.S. economy, Chief Executive Brian Moynihan said on Wednesday.
Salesforce.com Inc scored a coup by publicizing a dispute with rival Oracle Corp over something seemingly as mundane as the timing of a speech.
Ratings agency Moody's Investors Service may raise Ford Motor Co's corporate credit rating now that the company and the United Auto Workers union have reached a tentative four-year contract, Moody's said on Wednesday.
A proposed update of the U.S. online privacy rule for children sparked debate at a congressional hearing on Wednesday over whether such protections should extend to teenagers.
Commodities trader and hip-hop promoter Tyrone Gilliams was arrested Wednesday on charges of running a $4 million investment scam, according to a criminal complaint filed by federal prosecutors in New York.
European debt default poses a real threat to the U.S. economy, Bank of America Corp Chief Executive Brian Moynihan said on Wednesday, adding that he is confident that policy makers are working through solutions.
U.S. bank profits have been rising steadily for more than a year, but the recovery may be losing momentum due to weak loan demand and low lending rates.
Stocks rallied for a second day on Wednesday, as investors bid up materials and energy shares on rising commodity prices and poured into beaten-down tech names after days of selling.
The Federal Reserve Bank of New York's designation this week of two Canadian banks as primary dealers comes at a crucial time in which rates markets need all the liquidity they can get, analysts said on Wednesday.
Texas Governor Rick Perry is raising lots of money for his presidential run -- a reported $17 million through Sept. 30 -- but it's not helping him fend off rising Republican contender Herman Cain.
In less than one hour on Tuesday, the U.S. stock market surged by 4 percent -- for no apparent reason.
The two heads of the UBS division that caused a $2.3 billion loss stepped down on Wednesday as an internal investigation into the trading scandal showed risk systems had detected unauthorized activity but failed to respond.
A years-long investigation into whether Bank of New York Mellon Corp and other banks overcharged clients on foreign-exchange transactions has risen to a new level with a civil fraud action by federal prosecutors who police Wall Street.
A high stakes patent trial between Oracle and Google will likely be postponed beyond its currently scheduled October 31 start date, a U.S. judge said in a court filing.
Salesforce.com Inc and Oracle Corp engaged in a public spat over a keynote speech on Wednesday, highlighting the software companies' increasingly bitter rivalry.
Stocks added to gains in afternoon trading on Wednesday, with the Nasdaq Composite up more than 2 percent and the S&P 500 rising more than 1 percent.
Stocks advanced on Wednesday as better-than-expected U.S. economic data and signs that officials were moving forward to help struggling European banks reassured nervous investors.
Large banks need to tie more employees' compensation to the risks their decisions pose to their institutions, through such things as deferred pay, the Federal Reserve said in a report released on Wednesday.
A five percent tax surcharge on millionaires and billionaires would replace more unpalatable provisions President Barack Obama suggested to pay for his $447 billion jobs package.
Banks in France, Italy and across Europe are under renewed scrutiny for signs they will follow Dexia and need state help as policymakers talk up the need to raise capital to halt a euro zone crisis.
U.S. bank profits have been rising steadily for more than a year, but the recovery may be losing momentum due to weak loan demand and low lending rates.
Gold rose on Wednesday after dipping below $1,600 an ounce as stock markets appeared to have found their footing, but traders said the metal's correlation with volatile equities could trigger more selling.
In Italy, the murder rate amounted to 1.0 homicide per 100,000 inhabitants, the second-lowest figure in Europ
U.S. stocks floated higher on Wednesday as stronger-than-expected U.S. economic data and signs that officials were moving forward to prop up struggling European banks reassured nervous investors.
The International Monetary Fund urged Europe on Wednesday to pump as much as 200 billion euros into its banks and warned of a freeze in lending and an ensuing recession if the region's leaders failed to do more to reassure panicky investors.
Growth in the U.S. service sector was steady in September and private hiring picked up, suggesting the economy was not yet slipping into recession.
