Macquarie downgrades U.S. coal sector to neutral
Macquarie Research downgraded the U.S. coal sector to neutral from overweight as it believes that demand for seaborne metallurgical, or steel-making, coal in China is slowing.
Dollar Tree sticks by 3rd qtr, year forecasts
Dollar Tree Inc's chief financial officer said on Wednesday that the retailer remains comfortable with the third-quarter and full-year sales and earnings forecasts it issued last month.
Hhgregg says to add 800 seasonal jobs
Regional appliance and electronics retailer hhgregg Inc said it will add 800 seasonal jobs at 117 of its stores to help cope with increased customer traffic during the holiday season.
Fund manager AGF profit tumbles nearly 45 pct
AGF Management Ltd said on Wednesday its third-quarter profit fell 44.5 percent from a year ago as it suffered from declines in global markets.
Oil drops $3 on surprise U.S. stock build
Oil dropped 4 percent to below $69 a barrel on Wednesday after U.S. government oil inventory data showed a surprise jump in crude and products stocks, highlighting the fragile state of demand in the world's largest energy consumer.
Day late REIT IPOs seen halving issues
Two real estate investment trusts lowered the number of shares they expect to sell in initial public offerings on Wednesday to raise only half as much as they had been expected to.
Pittsburgh G20 Summit Facts
Who, What, When, Where, Why and How about the Pittsburgh G20 Summit
Plutonic, GE unit commit to buy Canada wind farm
Plutonic Power Corp and a unit of General Electric Co said on Wednesday that they had committed to buying the Dokie Ridge wind project in western Canada after completing a due diligence investigation.
Chile's CMPC says to buy Aracruz unit for $1.4 bln
Chilean forestry group CMPC said late on Tuesday it reached an agreement with Brazil's Aracruz to buy one of its business units for $1.4 billion.
BlackRock gets EU approval for buy of Barclays' BGI
U.S. fund manager BlackRock gained European Union regulatory approval on Wednesday for its acquisition of a Barclays investment unit for $13.5 billion in cash and shares.
EU unveils blueprint to overhaul policing of banks
The European Union unveiled its blueprint for an overhaul of the way banks and financial markets are policed, a central plank in new rules designed to prevent a repeat of the global economic crisis.
U.S. Aug mass layoffs rise, manufacturing worst hit
The number of mass layoffs by U.S. employers rose by 533 in August from July, with the manufacturing sector the hardest hit, Labor Department data showed on Wednesday.
Nomura's Schiffman sees bumpy recover in Asia
While Asia's economy has recovered from the lows hit a year ago, a bumpy road is ahead, with companies needing to shed debt burdens and increase capital bases, according to Nomura's Asia Pacific investment banking head.
Cadbury CEO says past deals beat Kraft offer: note
Cadbury Chief Executive Todd Stitzer noted that past deals in the industry have been agreed at higher multiples than that implied by the offer from Kraft, according to a Bank of America/Merrill Lynch note obtained by Reuters.
RPT-Merck, Wyeth execs see Big Pharma survival edge
Large drug companies have inherent advantages -- including cash to conduct expensive drug studies and to assure survival when trials fail -- that will be increasingly important in coming years, senior executives of Wyeth and Merck and Co said on Tuesday.
JPMorgan ups offer for EcoSecurities
A JPMorgan Chase & Co vehicle on Wednesday increased its cash offer for London-listed carbon offset aggregator EcoSecurities, garnering further support from shareholders.
U.S. says working on G20 pact to cut fossil fuel subsidies
The United States is still working toward an agreement with G20 partners to phase out subsidies for fossil fuels, a top White House adviser said ahead of this week's G20 summit.
Wall Street little changed ahead of Fed statement
U.S. stocks were little changed in early trading on Wednesday as investors cooled their heels ahead of a Federal Reserve policy statement.
Possible outcomes of Copenhagen climate talks
The most anticipated climate meeting in years will be held in the Danish capital in December. Out of those talks a broader climate pact to replace the Kyoto Protocol is expected to emerge.
Study finds even more may benefit from statin use
Apparently healthy people with normal or even low cholesterol levels might benefit as much from taking statin drugs as people with high cholesterol, U.S. researchers said on Tuesday.
Experts say cancer wave threatens poorer nations
Cancer is a bigger killer in developing countries than tuberculosis, malaria and AIDS combined and a tsunami of the disease threatens to overwhelm the nations worst equipped to cope, experts said Tuesday.
SandRidge to buy bankrupt Crusader Energy
U.S. oil and gas exploration and production firm SandRidge Energy Inc has struck a deal to buy bankrupt rival, Crusader Energy Group, for $230 million, in a cash and stock deal that would give it additional acreage in the Anadarko and Permian basins.
Warner Chilcott says Leo Pharma re-acquires drug rights
Warner Chilcott Plc said privately held Leo Pharma would re-acquire the U.S. rights to its topical psoriasis treatments for about $1 billion, sending the specialty pharmaceutical company's shares up 4 percent.
Not just fatigue - stressed doctors mess up, too
Want to know if a doctor-in-training is stressed out or tired and about to make a big mistake? Just ask.
Apple, Eminem may face trial over music downloads
Apple and rapper Eminem may be headed for trial on Thursday if they are unable to resolve a lawsuit over whether the singer's songs could be used on the popular iTunes service.
U.S. home loan demand hits highest since late May
U.S. mortgage applications jumped last week to their highest since late May as interest rates tumbled below 5 percent, data from an industry group showed on Wednesday.
Senate panel debates healthcare affordability
Democrats pushed on Tuesday to make insurance reforms more affordable for workers and Republicans decried what they called a rush to judgment, as a key Senate panel began debate on a sweeping healthcare overhaul.
FDA, in first tobacco action, bans flavors
The U.S. Food and Drug Administration took its first steps to rein in the tobacco industry on Tuesday, implementing a ban on candy, clove and other flavored cigarettes.
Bayer, Onyx pill beats hopes in breast cancer test
Women with breast cancer lived significantly longer without their disease getting worse when treated with Bayer and Onyx Pharmaceuticals' cancer pill Nexavar, researchers said on Wednesday.
Wall Street set to rise on General Mills; eyes on Fed
Wall Street was set for a slightly higher open on Wednesday ahead of a Federal Reserve policy statement and following results by food company General Mills Inc, which beat profit estimates.