Egypt Soccer Violence: Gripping Images of the Tragedy [PHOTOS]
At least 75 people were killed and scores of others were grievously injured when fans went berserk at the Egyptian capital's Port Said Stadium following the home team's surprise win over one of the country's most popular clubs. The death toll is likely to rise further.
Global manufacturing activity rises in January
Factory activity rose in China, the United States and Germany in January, and the three manufacturing superpowers drove gains in global output even as Europe struggles with fallout from its festering debt crisis.
GT Advanced Q3 Beats Street Estimates
GT Advanced Technologies posted quarterly profit above analysts' estimates for the ninth time in a row, partly helped by better performance at its polysilicon segment, but it cut the upper end of its full-year earnings outlook.
Facebook shoots for $5 billion in mega-IPO
Facebook filed on Wednesday to raise a targeted $5 billion in a hotly anticipated initial public offering, setting the stage for Silicon Valley's biggest-ever IPO.
Open Text Q2 Profit Jumps 28%
Business software company Open Text posted a 28 percent jump in second-quarter profit on Wednesday on solid demand from services, technology and financial customers.
AMR Wants to Cut 13,000 Jobs, End Pensions
AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.
Open Text Q2 profit jumps 28 percent
Business software company Open Text posted a 28 percent jump in second-quarter profit on Wednesday on solid demand from services, technology and financial customers.
AMR wants to cut 13,000 jobs, pensions
AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.
MF Global Triggers Regulatory Rethink at CFTC
The head of the Commodity Futures Trading Commission has ordered an extensive review of how futures brokerages are regulated, following the collapse of MF Global three months ago, a CFTC official told Reuters on Wednesday.
Exclusive: MF Global triggers regulatory rethink at CFTC
The head of the Commodity Futures Trading Commission has ordered an extensive review of how futures brokerages are regulated, following the collapse of MF Global three months ago, a CFTC official told Reuters on Wednesday.
Auto sales in January show unusual strength
Auto sales rose more than 11 percent in January, a surprisingly robust showing that marked the strongest annualized sales rate for the industry in nearly two-and-a-half years.
Washington D.C. steps back from Internet gambling launch
A city panel in the U.S. capital voted on Wednesday to repeal a first-in-the-nation Internet gambling law for Washington, D.C., a spokeswoman said.
SEC advisory panel concerned about crowdfunding
An advisory committee urged U.S. securities regulators on Wednesday to relax outdated rules that trigger public financial reporting for companies, but it stopped short of backing a new capital-raising strategy known as crowdfunding.
AMR expects to slash about 13,000 jobs
AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.
Nokia revamp will hurt most of 2012 results: Chairman
A major revamp at Nokia that includes a deal to use Microsoft Corp software in its smartphones will impact the earnings of the Finnish handset maker throughout most of this year, Chairman Jorma Ollila said on Wednesday.
Wall Street Starts February Strong on Factory Data, Greece
Stocks extended January's rally on Wednesday after upbeat global manufacturing data boosted sentiment and as Greece neared a long-delayed deal with private creditors.
Qualcomm posts higher profit, raises FY targets
Qualcomm Inc reported an increase in quarterly profit and revenue, and raised its financial targets for full-year 2012 on strong demand for its wireless chips.
IBM planning major job cuts in Germany: union
International Business Machines is sounding out plans to cut thousands of jobs in Germany and other countries to reduce costs and raise earnings, a German union official said.
EA revenue rises, sells 2 million units of Star Wars
Electronic Arts' revenue rose more than expected in its third quarter on strong sales of the military-themed game Battlefield 3 and the highly anticipated Star Wars game.
Hochschild Mining Rises Nearly 6 Percent, Other Mining Companies Show Gains
Shares of London-based Hochschild Mining closed Wednesday up 5.91 percent to £523.50 ($829.24), solidly outpacing the rise in the price of silver.
AMR to seek $2 billion in cost cuts
AMR Corp , the bankrupt parent of American Airlines, wants to slash costs by more than $2 billion annually, with more than half the savings coming from employees, the company said on Wednesday.
Exclusive: Mortgage deal would give states enforcement clout
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
Sony names Hirai to replace Stringer as CEO
Sony Corp named Kazuo Hirai as chief executive, succeeding Howard Stringer at the helm of the iconic gadget maker as it struggles with persistent losses and stalled efforts to re-energize its once-dominant brand.
Facebook execs gear up political influence arm
Preparing to join the ranks of publicly traded companies, Facebook Inc is also beefing up its presence in the U.S. capital with a first report of money pouring into its newly created political fundraising arm.
Tom Tancredo Endorses Rick Santorum: Who Is Tancredo?
Tom Tancredo, a former Colorado congressman and 2008 presidential candidate, endorsed Rick Santorum for the Republican presidential nomination on Wednesday, giving a small boost to Santorum's long-shot campaign after he finished a distant third in the Florida primary.
Auto sales in Jan show unusual strength
Major automakers reported a nearly 12 percent gain in U.S. sales in January, a surprisingly strong showing driven by the growing need for American drivers to replace aging cars and trucks.
Much of Vivendi U.S. shareholder lawsuit dismissed
Vivendi SA has won the dismissal of much of what remained in a nearly decade-old U.S. lawsuit accusing the French media company of misleading shareholders about its finances in connection with a $46 billion merger.
AMR Corp may cut up to 14,000 jobs to trim costs
AMR Corp, the bankrupt parent of American Airlines, may slash between 12,000 and 14,000 jobs as part of a bankruptcy cost-cutting strategy the carrier says is necessary to compete with rivals.
Wall Street rises on factory data, Greece
Stocks extended January's rally, climbing more than 1 percent on Wednesday after upbeat global manufacturing data and as Greece neared a long-delayed deal with private creditors.
AMR Corp wants to slash thousands of jobs
AMR Corp, the bankrupt parent of American Airlines, may slash between 12,000 and 14,000 jobs as part of a bankruptcy cost-cutting strategy the carrier says is necessary to compete with rivals.
