Investors show interest in foreclosure plan
Big investors are showing interest in an evolving Obama administration plan to sell off foreclosed homes, although the government will have to make the offer sweet enough to coax private funds.
Chrysler deal approved by UAW production workers
Production workers at Chrysler Group LLC voted in favor of a tentative labor contract, but in a rare twist, skilled-trades workers rejected the 4-year deal, people familiar with the matter said on Wednesday.
U.S. EPA Delays Rule on Fracking Emissions by a Month
The U.S. Environmental Protection Agency said it will delay by a month final standards on emissions from hydraulic fracturing, its third postponement of air pollution rules since early September.
Sprint eyes new financing as iPhone swells costs
Sprint finally owned up to the massive bet it is making on iPhone, sending its shares down as much as 12 percent on Wednesday.
Insight: In tough times, Wall Street watches CEO word games
Spend a little time with the average U.S. chief executive and you'll see someone who seems pretty confident -- who spends the day making decisions and giving orders, and not a lot of time second-guessing himself.
Heard the one about the eurozone, and the haircut?
Every dark cloud has its humorous lining and Europe's seemingly non-stop debt and currency crisis is no exception.
UAW Union Ratifies Four-Year Contract with Chrysler
Workers represented by the United Auto Workers union ratified a four-year contract with Chrysler Group LLC, the last Detroit automaker to reach a labor deal.
Asian Carp Case Could Head to Supreme Court
Asian Carp are a problem for the Great Lake States -- and they're asking the Supreme Court to help them do something about it.
Bare-bones EU debt deal news enough for buyers
Stocks rose on Wednesday as the slow progress from European leaders in resolving their debt crisis was enough to satisfy investors, even if early reports from an EU summit were short on detail.
Visa Profit up 14 Percent on Higher Payment Volumes, Processed Transactions
Visa said on Wednesday quarterly net income rose by 14 percent, as the company processed more card payments and payment volumes increased.
Europe aims to boost rescue fund, plots deep Greek writedown
Europe's leaders intend to multiply their rescue fund fourfold to one trillion euros and press Greece's creditors to accept losses of over 50 percent on their bondholdings, but the details of their plan to end the debt crisis are still not fully formed.
Ex-Goldman director Gupta charged in insider case
Rajat Gupta, who sat on the boards of some of America's most prestigious companies, was arrested and charged on Wednesday with being the illegal eyes and ears for his friend Raj Rajaratnam, the central figure in a broad U.S. crackdown on insider trading at hedge funds.
Nightmare scenario: U.S. deflation risks rising
Risks are rising that a moribund job market and potentially steep drop in inflation could push the United States into a downward spiral of falling wages and prices.
Nanoparticles May Improve Arthritis Pain Management
Little spheres deliver medicine slowly and keep it inside the knee.
BOE's Posen says QE size sensible
The Bank of England got it about right when it opted to inject another 75 billion pounds into the financial system, a move that will help fend off the risk of deflation, a top policy maker said on Wednesday.
Somali aid worker quizzed on Westerner kidnappings
A Somali aid worker seized by gunmen along with two Westerners in northern Somalia was being questioned by police about the kidnappings, the Danish Refugee Council said on Wednesday.
Libyans seek further NATO help
Libya's interim leader urged NATO Wednesday to maintain its involvement in the country until the end of the year, though the Western military alliance that helped topple Muammar Gaddafi is keen to wind up its formal mission within days.
Euro zone to leverage EFSF by 4 times to 1 trillion euros
Euro zone leaders intend to scale up their emergency fund, the European Financial Stability Facility, to around 1.0 trillion euros (871 billion pounds), EU sources said on Wednesday.
Struggling Berlusconi can give summit only minimum
Italian Prime Minister Silvio Berlusconi, in serious political trouble at home, is expected to give a European summit on Wednesday only vague promises of economic reform instead of the concrete undertakings demanded by European leaders.
Eurozone aims to ramp up rescue fund, details deferred
Euro zone leaders intend to multiply the capacity of their rescue fund around fourfold to one trillion euros but details of how they plan to draw a line under Europe's worsening debt crisis will not be nailed until next month, sources said.
Watchdog faces difficult bank capital dilemma
A key committee of the Bank of England is feeling its way in terms of striking a balance between making sure banks are strongly capitalised while also encouraging them to lend to businesses, a key policymaker said on Wednesday.
Tunisian Islamists to propose their man for PM's job
Tunisia's moderate Islamist party said on Wednesday it would put forward one of its officials for the prime minister's job, after it scored a resounding victory in the first election after the Arab Spring uprisings.
Draghi ready to pursue ECB bond buys, peers guarded
The European Central Bank's incoming president signalled on Wednesday the bank stood ready to carry on buying the bonds of troubled euro zone governments, suggesting he is ready to intervene to steady markets in the face of German misgivings.
Germany to shut military bases in austerity drive
Germany said on Wednesday it will close 31 of its 328 military bases and shrink installations in another 90 locations over the next five years as part of the most sweeping cuts in the history its Bundeswehr army, navy and air force.
Euro zone aims to leverage EFSF several fold - draft statement
The euro zone aims to leverage its 440 billion euro (383 billion pound) bailout fund, the EFSF, several fold but finance ministers will only agree the details of how that will be done in November, according to a draft statement to be issued after a summit on Wednesday.
Catholic condom ban not causing population boom - U.N
The Catholic Church's ban on the use of contraception is not to blame for the population boom that is about to tip the world over the seven billion mark because most Catholics ignore it, a UN Population Fund official said on Wednesday.
Demand for defensive stocks lifts FTSE 100
The FTSE 100 hit a 2-1/2-month closing high on Wednesday, with defensive stocks doing well as investors awaited the outcome of a European Union summit to resolve the two-year-old sovereign debt crisis.
Bank's Posen says QE size about right
The Bank of England got it about right when it opted to inject another 75 billion pounds into the financial system, a top policymaker said on Wednesday, adding the move will help fend off the risk of deflation.
Kenyan admits grenade attack, al Shabaab membership
A Kenyan man pleaded guilty on Wednesday to a grenade attack on a Nairobi bus station and being a member of the Somali rebel group al Shabaab, which Kenyan forces are pursuing in a cross-border operation.
Travel Etiquette 101: A Class in Manners in the Air and Abroad
Following these simple travel etiquette tips will not only make you less likely to stand out as a tourist, it will bring better service and more respect from locals.