S&P 500 flirts with 1,400, then dips on day after rally
The S&P 500 knocked on 1,400 before edging lower on Wednesday as investors digested the previous session's rally on the Federal Reserve comments on the economy and the banking sector.
Security experts will tip consumers to cyber fraud
Internet security experts have set up a system to alert Americans when sensitive personal information such as social security numbers and online banking log-in credentials turn up in the hands of cyber fraudsters.
James Murdoch apologizes for phone hacking
James Murdoch has written to the influential UK parliamentary committee investigating a phone hacking scandal to apologize and restate his own innocence ahead of a potentially damaging report that could determine his future in Britain.
Demographics, local tastes fuel Arab video game industry
Fares rushes through a crowded Moroccan market, past a man selling Persian rugs, a cat mewing for slivers of meat from a butcher, and a woman surveying mounds of bright red and yellow spices.
Boeing says to meet 787 year goals despite glitch
The head of Boeing Co's Commercial Airplanes unit reaffirmed on Wednesday that the plane-maker can correct a glitch on the 787 Dreamliner and meet its delivery goals for the plane this year.
Crude stocks rise, oil products fall: EIA
Crude inventories rose last week, with stocks at the trading hub in Cushing, Oklahoma increasing to an nine-month high, while oil products fell, data from the U.S. Energy Information Administration showed on Wednesday.
Ex-Murdoch scribe claims editor told me to bribe police
A former reporter on the News of the World newspaper, the defunct News Corp British paper at the heart of phone-hacking and corruption allegations, said he lost his job as crime correspondent because he refused to bribe police officers.
Bernanke says Fed to make bank rules clearer
The Federal Reserve will try to make it clearer whether new banking rules apply to small lenders, Federal Reserve Chairman Ben Bernanke said in remarks on Wednesday.
Wall Street edges up after Fed outlook, bank results
Stocks were largely flat on Wednesday as investors balanced comments from the Federal Reserve on the economy and banking sector against the recent, five-day rally.
Bernanke: despite some recent signs of improvement, U.S. recovery frustratingly slow
The Federal Reserve will try to make it clearer whether new banking rules apply to small lenders, Federal Reserve Chairman Ben Bernanke said in remarks on Wednesday.
Apple to sell 65.6 million iPads this year, sees record pre-orders: analysts
Apple Inc is seeing record pre-orders for its latest iPad with wait times for shipping the tablet now reaching two to three weeks, said Canaccord Genuity analysts, who now expect the company to sell 65.6 million iPads this year.
Zynga files for $400 million secondary offering
Zynga Inc filed with regulators for a secondary stock offering of up to $400 million on Wednesday, paving the way for some early investors to exit their holdings.
Wall Street to open flat after Fed outlook, bank results
Stock index futures pointed to a flat open on Wednesday as investors weighed comments from the Federal Reserve on the economy and banking sector against the recent five-day rally.
China's Tencent targets growth in online ads
Tencent Holdings Ltd, China's biggest internet company by revenue, plans to step up its expansion in social networking, search and e-commerce to attract more online advertisers as it looks to diversify from its competitive core gaming market.
Current account in Q4 widens more than expected
The current account deficit widened much more than expected to $124.1 billion in the fourth quarter of 2011, as imports rose and exports dropped, a government report showed on Wednesday.
Mortgage purchase demand rose last week: MBA
Demand for home purchases picked up for the third week in a row last week, though applications for refinancing sagged, an industry group said on Wednesday.
Apple gets record iPad pre-orders: Canaccord Genuity
Apple Inc is seeing record pre-orders for its latest iPad with wait times for shipping the tablet now reaching two to three weeks, said Canaccord Genuity analysts, who now expect the company to sell 65.6 million iPads this year.
Futures flat as investors weigh Fed's economic outlook
Stock index futures were little changed on Wednesday as investors weighed comments from the Federal Reserve on the economy and banking sector against the recent five-day rally.
Encyclopedia Britannica ends print, goes digital
In yet another sign of the growing dominance of the digital publishing market, the oldest English-language encyclopedia still in print is moving solely into the digital age.
Futures edge higher on economic optimism
Stock index futures edged higher on Wednesday, putting the benchmark index on track for its sixth straight advance after comments from the Federal Reserve on the economy and banking sector helped boost optimism.
BoAML hires UBS broker to boost weakened team
Bank of America Merrill Lynch said on Wednesday it had hired UBS corporate broker Peter Luck, helping to bolster a team depleted by a string of senior departures.
Euro zone formally approves 2nd Greek bailout: statement
Euro zone countries formally approved on Wednesday a second, 130 billion euro financing package for Greece that will keep Athens funded until 2014, the chairman of euro zone finance ministers Jean-Claude Juncker said in a statement.
Fed gives mostly high marks in bank stress tests
Most of the largest banks passed their annual stress test, according to the Federal Reserve, in a conservative report card that underscored the recovery of the financial sector but called out a few laggards, including Citigroup.
China's Wen bets final year on reform push
China must embrace slower growth and bolder political reform to keep its economy from faltering and to spread wealth more evenly, Premier Wen Jiabao said on Wednesday, vowing to use his last year in power to attack mounting discontent that he warned could end in chaos.
BMW warns sees no signs of end to incentive war
BMW , the world's largest premium carmaker, warned that more and more profit-eroding incentives are being offered to sell luxury cars at the moment, adding there are no signs this will change anytime soon.
Japan's Sharp names new president as losses mount
Sharp Corp named the head of its global operations as president to turn around a company facing a record annual loss, the latest Japanese firm to shake up management after tumbling into the red on slumping TV sales.
Stock index futures signal mixed Wall Street opening
Stock futures signaled a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 up 0.1 percent, the Dow Jones futures down 0.2 percent and the Nasdaq 100 futures falling 0.1 percent.
Analysis: India's central bank stuck in damage control mode
Over the past two years, India's central bank was raising rates in a futile effort to contain stubborn inflation, as the government fumbled on fixing decrepit infrastructure and other supply bottlenecks in the economy.
India's central bank stuck in damage control mode
Over the past two years, India's central bank was raising rates in a futile effort to contain stubborn inflation, as the government fumbled on fixing decrepit infrastructure and other supply bottlenecks in the economy.
U.S., EU, Japan take on China at WTO over rare earths
The United States, Europe and Japan have joined forces to challenge China's restrictions on exports of rare-earth metals, escalating a trade row over access to some of the most important raw materials used in advanced technologies.