General Mills profit below view but outlook raised
General Mills Inc posted a lower-than-expected quarterly profit on Wednesday, hurt by the effect of the stronger dollar and high costs, but the food maker raised its full-year outlook, citing strong sales in the first nine months and lower costs in the current quarter.
China scuttles Coke's bid for juice maker
China has rejected Coca-Cola's planned $2.4 billion acquisition of top juice maker Huiyuan Juice , saying the deal would have been bad for competition.
Oil retreats after U.S. stock build
Oil fell from a 2-1/2-month high toward $48 a barrel on Wednesday after industry data on Tuesday showed large builds in U.S. crude stocks.
IBM in talks to buy Sun Microsystems
IBM is in talks to buy Sun Microsystems Inc, sources with knowledge of the matter said, a move that could bolster the technology giant against rivals in the high-end computer server market.
Boutiques, hedge funds lure cream of global banking
Boutique investment firms and top hedge funds are slowly lapping up the cream of global banking talent as the financial crisis forces banks to cut staff and limit the pay of their top risk-takers.
U.N. climate chief hustles on global warming deal
Big gaps remain in a new U.N. deal on global warming meant to be agreed in December and time is running worryingly short with just 265 days left, the U.N. climate chief said on Tuesday.
U.S. cuts red tape on offshore renewable energy
With the aim of ending a regulatory turf war, U.S. government agencies on Tuesday said they would work together to cut red tape and spur development of offshore renewable energy projects.
Fed resumes meeting, focus seen on existing plans
The Federal Reserve resumed a two-day meeting on Wednesday that was expected to end with a vow to do whatever it takes to turn back the U.S. economy's deep recession but no new concrete steps to do so.
Higher gas, clothing prices push up inflation
U.S. inflation rose in February on higher gasoline and apparel prices, government data showed on Wednesday, pointing to some pricing power in the recession-hit economy and easing fears of deflation for now.
Stocks to dip at open, Fed unease offsets M&A
Stocks were set to dip at the open on Wednesday as investors turned cautious before the Federal Reserve's policy decision, tempering optimism from a report that IBM was in talks to buy computer maker Sun Microsystems .
Opel, GM have funds to last into April: Germany
German carmaker Opel and its U.S. parent General Motors have, to the knowledge of the German government, sufficient financing to see them through into April, a junior economy minister said on Wednesday.
World Bank cuts China 2009 GDP forecast to 6.5 percent
The World Bank lowered its forecast for China's 2009 economic growth on Wednesday but warned Beijing that it would be thwarting its own medium-term goals if it tried to offset the slowdown by further boosting investment.
Higher gas, clothing prices push up CPI
U.S. consumer prices rose in February on higher gasoline and apparel prices, government data showed on Wednesday, calming fears of deflation for now.
China scuttles Coke bid to take over juice maker
China has rejected Coca-Cola's planned $2.4 billion acquisition of top juice maker Huiyuan Juice , saying the deal would have been bad for competition.
Stock futures flat as IBM deal talk offsets Fed caution
Stock futures were little changed on Wednesday as a report that IBM was in talks to buy computer maker Sun Microsystems offset caution before the Federal Reserve's policy decision.
IBM in talks to buy Sun Microsystems: report
IBM is in talks to buy Sun Microsystems Inc for at least $6.5 billion, The Wall Street Journal reported, in a deal that could bolster their computer server products against rivals such as Hewlett-Packard Co.
Oil retreats towards $48 after U.S. stock build
Oil fell from a 2-1/2-month high toward $48 a barrel on Wednesday after industry data showed large builds in U.S. crude stocks.
Stock futures point to lower open; eyes on Fed
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday as investors awaited decisions from the Federal Reserve's two-day policy setting meeting.
Opel, GM have funds to last into April: German official
German carmaker Opel and its U.S. parent General Motors have, to the knowledge of the German government, sufficient financing to see them through into April, a junior economy minister said on Wednesday.
World stocks firm ahead of Fed; caution remains
World share prices rose on Wednesday, while European government debt fell with forecast-beating U.S. housing data prompting more optimism among investors after the last week's rally.
Marvel, startup ink online gaming deal
Videogame publisher Gazillion also will develop Marvel Universe, an MMO game for PC and consoles. Financial details of the licensing deal were not disclosed.
Australian senate move casts shadow over Rio shares
Political pressures cast a new shadow over Rio Tinto Ltd's planned $19.5 billion tie-up with Chinese state-owned Chinalco, knocking its shares down 10 percent on Wednesday, with Australia's Senate saying it would examine foreign investment.
China rejects $2.4 billion Coke bid for Huiyuan Juice
China has rejected Coca-Cola's planned $2.4 billion acquisition of top juice maker Huiyuan Juice , saying the deal would have been bad for competition.
Little Nano carries a big burden for India's Tata
What a difference a year makes.
China rejects Coke's $2.4 billion bid for Huiyuan Juice
China has rejected Coca-Cola's planned $2.4 billion acquisition of top juice maker Huiyuan Juice , saying the deal would have been bad for competition.
Bank stocks climb, BOJ bond buying supports JGBs
Bank shares powered ahead in Asia on Wednesday to underpin regional markets, while Japanese government bond futures edged up after the Bank of Japan sharply increased the debt it would buy to support the economy.
Nacchio may need delay for cancer surgery: court
Former Qwest Communications International Chief Executive Joseph Nacchio asked a Denver judge to rule by Wednesday on a petition to delay the start of his six-year prison term for insider trading.
Hedge funds may benefit from government cash to AIG: report
Some of the billions of dollars the U.S. government paid to bail out American International Group Inc stand to benefit hedge funds that bet on a falling housing market, the Wall Street Journal said, citing people familiar with the matter and reviewed documents.
House committee scrutinizes Merrill bonuses
The chairman of the House Committee on Oversight and Government Reform has asked for records on the $3.62 billion of year-end bonuses at Merrill Lynch, to see if the panel was misled about the payments, the Wall Street Journal said.
U.S. construction index ticks up in February: AIA
A leading indicator of U.S. nonresidential construction activity rose slightly in February from a record low the previous month, an architects' trade group said on Wednesday.
