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Wall Street Gains 1% as IMF Gives Europe Hope

Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.
German Economy Minister Roesler Unveils Economic Data

German Debt, Equity Investors Shrug Off Lowered Government Guidance on Economy

Early Wednesday morning, the German Ministry of the Economy cut its forecast for that country's economic growth to near-recessionary levels. The market could not care less: a benchmark index for the local stock market was up, a sale of the government's sovereign debt was reported as drawing record demand, and another report showed investors were growing more optimistic on German equities.
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SOPA, PIPA Blackout

SOPA, PIPA Blackout: How to Use Wikipedia Jan. 18 Plus 6 Other Things to Know

Wikipedia initiated a blackout Wednesday, Jan. 18, in protest of the anti-piracy bills SOPA and PIPA. SOPA and PIPA are two Congressional bills meant to halt the illegal copying and sharing of movies and music on the Internet, among other aims. However, major Internet organizations -- such as Wikipedia, Reddit and Boing Boing -- claim the bills will hinder their operations.
A woman walks past a logo at the office of the Bank of New York Mellon in Brussels

BNY Mellon Profit Falls on Restructuring, Lower FX Volume

Bank of New York Mellon said on Wednesday that fourth-quarter earnings fell 26 percent after the world's No. 1 custody bank reported lower forex volume and took a restructuring charge as part of a large-scale plan to make its operations more efficient.
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Top Five Drivers of India's Inflation

Observers of India's economy may wonder why inflation has persistently remained high over recent years - much higher than that in many other Asian economies.
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Fujifilm Considering Supporting Olympus

Japan's Fujifilm Holdings said on Wednesday it is considering supporting scandal-hit endoscope maker Olympus Corp although neither side looks likely to move quickly on an equity alliance that Olympus needs to shore up its finances.
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Carbonite rival Code 42 raises $52.5 million

Accel Partners and SplitRock Partners have invested $52.5 million in backup software company Code 42, underscoring venture capital's continued fascination with anything related to the burgeoning field of Big Data.
File photo of former CEO of Yahoo! Inc. Jerry Yang arrives at the Clinton Global Initiative in New York

Yahoo Co-Founder Yang Resigns, Shares Rise

Yang's abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return the once-leading Internet portal to the heights it enjoyed in the 1990s.
A BlackBerry handset is displayed in Washington

Samsung Says No Interest in Buying Troubled RIM

Samsung Electronics said on Wednesday it was not interested in buying ailing Blackberry maker Research In Motion or licensing its operating system, refuting a tech blog report that RIM was seeking to sell itself to the South Korean technology giant.
Mitt Romney

Mitt Romney May Not Release Tax Returns Until April

Republican presidential candidate Mitt Romney, under increasing pressure to release his tax returns now, continued to resist that timetable on Tuesday and said he probably would not make them public until April.
Euro, global stocks fall

European Shares Hit 5 1/2-Month High

European shares hit a 5-1/2-month high on Tuesday before closing above a key resistance level, boosted by automobile and mining stocks after Chinese economic data raised hopes the country would further ease its monetary policy to stimulate growth.
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Foreigners ramp up Canadian securities purchases

Foreigners dramatically stepped up their purchases of Canadian securities in November, snapping up C$14.99 billion ($14.84 billion) worth, compared with just C$3.85 billion in October, Statistics Canada said on Tuesday.
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Dundee REIT to buy Whiterock for about $572 million

Dundee Real Estate Investment Trust (D_u.TO: Quote) will buy Whiterock REIT (WRK_u.TO: Quote) for about C$580 million ($572 million) in a cash-and-stock deal to strengthen its position in the office property space.
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Samsung Group plans record $41 billion investment in 2012

Samsung Group, which includes Samsung Electronics Co, said on Tuesday it is raising its 2012 investment to a record $41.4 billion, underscoring the widening gulf between the dominant South Korean conglomerate and its faltering competitors.
Prokhorov

Prokhoroz Sees Nod for Gold Listing

Billionaire Mikhail Prokhorov, challenging Vladimir Putin for the Russian presidency, sees no risk to his vast business interests from his foray into politics and expects to list his gold business in London soon.
Workers prepare the booth for Samsung at the Consumer Electronics Show opening in Las Vegas

Samsung seeks to merge smartphone operating platforms

Samsung Electronics Co plans to merge its own 'bada' mobile phone operating software with an open-source Tizen platform as the world's biggest smartphone maker seeks alternatives to Google's Android in its devices.
Hang Seng Index

Chinese Stock Markets Surge 4.2 Percent

China shares on Tuesday surged 4.2 percent, their biggest one-day gain in more than 27 months, after Beijing reported that the world's second-largest economy grew faster than expected in the last quarter of 2011, although at its weakest pace in 2-1/2 years.
A man walks past an electronic board displaying Japan's Nikkei share average outside a brokerage in Tokyo

Japan's Nikkei Closes Higher

Japan's Nikkei average edged higher on Tuesday and recovered its footing after better-than-expected Chinese economic data and solid demand at a French treasury bill auction reassured investors in the wake of European debt downgrades.
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Analysis: Ditch the assumption developed economies are safe

LONDON, Jan 17 - The downgrade of much of Europe's credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering -- if lazy -- assumptions that developed states are somehow safer than emerging counterparts.

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