Stocks rallied on Wednesday as investors rushed back into beaten-down stocks, led by energy, which bore the brunt of the sell-off a day earlier.
The easy access to voice mail that AT&T and T-Mobile offer their mobile phone subscribers when abroad infringes patents held by a Swiss company, a lawsuit filed in federal court in Delaware says.
The yen dropped on Wednesday as the resignation of Japanese Prime Minister Yukio Hatoyama raised concerns about the outlook for the currency, given that his likely successor has said in the past he wanted a weaker yen.
If you're losing sleep over the stock market, you're not alone. Volatility has gone through the roof, while prices have gone the other way.
AT&T Inc will stop offering an unlimited pricing plan for new subscribers to its mobile data services, in a move it says will cut prices for as many as 98 percent of its customers.
U.S. stocks rose on Wednesday as investors grabbed shares beaten down in the previous session's sell-off and data showed pending home sales rose more than expected.
U.S. pending home sales hit a six-month high in April but falling demand for home loans pointed to ebbing activity in the vital housing market due to the expiration of a popular tax credit for buyers.
Billionaire investor Warren Buffett distanced himself from embattled credit rating agencies, saying they have lost some of their investment appeal amid criticism of their role in fueling the financial crisis.
A key Swiss parliamentary committee recommended on Wednesday parliament back a Swiss-U.S. deal to end a tax row over bank UBS , increasing the chances the deal will get through.
Here are developments in the Gulf of Mexico oil spill, the largest in U.S. history:
Brazilian steelmaker Gerdau offered to pay up to $1.7 billion to take full ownership of its North American unit, looking to reduce borrowing costs and increase efficiency.
BP Plc hit a snag in its latest effort to curb the Gulf of Mexico oil spill as the British energy giant's shares stabilized on Wednesday and parts of the huge oil slick threatened Florida.
U.S. stocks rose on Wednesday as investors grabbed shares beaten down in Tuesday's sell-off and data showed pending home sales rose more than expected.
Ford Motor Co said on Wednesday its U.S. sales rose 22 percent in May for all of its brands from a year earlier and increased its second-quarter North American production plan by 15,000 vehicles.
Pending sales of previously owned U.S. homes hit a six-month high in April, as prospective home owners took advantage of a popular homebuyer tax credit, a survey showed on Wednesday.
Wal-Mart Stores Co international employees have been given their marching orders from the company's chief executive: Grow, grow, grow!
BP Plc hit a snag in its latest effort to curb the Gulf of Mexico oil spill as the British energy giant's shares stabilized on Wednesday and parts of the huge oil slick reached neighboring states.
Pending home sales hit a six-month high in April but falling demand for home loans pointed to ebbing activity in the vital housing market with the expiration of a popular tax credit for buyers.
Stocks rose on Wednesday after data showed pending home sales rose to a six-month high in a boost to the fragile economic recovery.
Global cotton ending stocks are falling by an estimated 18% this season (2009/10), to 10.5 million tons, the smallest level in six years: cotton production is declining while mill use is rebounding. In 2010/11, global cotton production is projected to rise to 24.9 million tons, but mill use is expected to continue its recovery, so ending stocks will increase only slightly to 10.6 million tons, according to an assessment by International Cotton Advisory Committee.
The slow progress by the European Central Bank in stabilising European debt crisis has led to serious risk of jeopardizing the economic recovery by limiting consumer and corporate credit availability. Crude oil and refined products have not seen the same increase in implied volatilities as those seen in US and European equities may be due to anticipatory nature of equities to oil, according to an analysis by Bank of America-Merrill Lynch.
Investments in certificates of deposit (CDs) and real estate are not comparable to gold which is the most stable asset the world has ever seen, according to National Inflation Association of USA (NIA). Responding to investment advice by Dave Ramsey and others in mainstream media on the advantages of investing in CDs and real estate, NIA said that while on the surface, U.S. dollars appear to be 'safe haven' because they have a number on them that always stays the same. U.S. dollars are actually t...
