Honda Motor Co is interested to develop electric car batteries in China to tap the country's technology and vast resources.
Wall Street rose on Wednesday as investors scooped up shares battered in the recent correction and data showed new home sales climbed to their highest level in almost two years.
Toll Brothers Inc reported a smaller quarterly loss and sharply higher orders, saying consumer demand has finally begun to pick up, and the luxury homebuilder's shares rose 3 percent.
Stocks rose on Wednesday as investors bought shares of beaten-down companies following recent losses, and after new home sales rose last month to their highest in almost two years.
Some of Wall Street's biggest names said they are frightened and worried by the debt crisis in Europe, but still do not expect a double-dip recession in the United States.
Stocks rose on Wednesday as investors snapped up shares of beaten-down companies following recent losses, and after new home sales rose last month to their highest in almost two years.
Sales of newly built single-family homes rose in April to their highest level in nearly two years, as buyers benefited from a popular government tax credit.
Comcast Corp's top financial executive said on Wednesday that U.S. regulators' plans to tighten control over the broadband market could curb private investment in the sector.
Stocks rose on Wednesday, a day after markets clawed back from a steep sell-off and as Treasury Secretary Timothy Geithner flew to Europe to press for united action to tackle the region's deepening debt crisis.
Josephine Jimenez has a chunk of money to invest and she is hunting for opportunities in the usual places -- Zimbabwe, Tunisia, Sri Lanka, among others. Jimenez is a specialist in so-called frontier markets. She stacked up a million air miles long ago.
New orders for long-lasting U.S. manufactured goods rose more than expected in April, boosted by bookings for expensive aircraft, government data showed on Wednesday, but fell for the first time in three months excluding transportation.
New U.S. home sales surged to their highest level in nearly two years in April, while orders for long-lasting manufactured goods rose sharply, pointing to resilience in the economic recovery amid the debt turmoil in Europe.
Treasury Secretary Timothy Geithner said that financial markets wanted to see how a $1 trillion EU/IMF plan to provide back-up financing for euro zone governments put into action.
The public spotlight on Goldman Sachs is making things uncomfortable for the secretive bank's wealth managers and may crack open the door for rivals looking to lure business away.
(Reuters) - About half of the 65 million people in the United States who have high blood pressure now have it under control, up from 27 percent two decades ago, U.S. researchers said on Tuesday.
New orders for long-lasting manufactured goods excluding transportation unexpectedly fell in April, but a jump in overall orders to a 1-1/2 year-high offered assurance the economic recovery remained on track.
Stock index futures pointed to a higher open on Wednesday, a day after markets clawed back from a steep sell-off and as U.S. Treasury Secretary Timothy Geithner flew to Europe to press for united action to tackle the region's deepening debt crisis.
President Barack Obama, seeking to boost U.S. jobs in an election year, called on Tuesday for Congress to pass a $30 billion package to aid small business lending that he hopes will increase hiring.
U.S. mortgage applications to refinance home loans jumped to a seven month high last week as rates neared record lows, but purchase demand remained stuck at a 13-year low.
Stock index futures rose on Wednesday, a day after markets clawed back from a steep sell-off and as U.S. Treasury Secretary Timothy Geithner flew to Europe to press for united action to tackle the region's deepening debt crisis.
The global economy is recovering faster than expected from recession with Asia leading the way, but it is at risk from huge debts in developed countries and possible overheating in countries such as China, the OECD said on Wednesday.
The U.S. economic recovery is building thanks to the government's helping hand, but it is not yet clear how well growth will hold up once those supports are removed, the OECD said in a report released on Wednesday.
