U.S. stocks dipped on Wednesday as worries over Federal Reserve Chairman Ben Bernanke's strategy after the economy recovers offset optimism about a possible rescue for debt-burdened Greece.
U.S. stocks dipped on Wednesday as worries over Federal Reserve Chairman Ben Bernanke's strategy after the economy recovers offset optimism about a possible rescue for debt-burdened Greece.
The stock market ended slightly down today ahead of tomorrow's all important European Union Economic Summit, when European leaders will meet and discuss the details of a Greece bailout.
Mexican tycoon Carlos Slim's multi-billion dollar move to consolidate his telecoms empire has helped push emerging-market mergers and acquisitions (M&A) ahead of U.S. and European dealmaking in the year to date.
Large banks will likely pare back their private equity-related operations in anticipation of the so-called Volcker rule, despite it being unclear if it will be adopted, the co-founder of Carlyle Group said on Wednesday.
Affiliated Managers Group Inc said on Wednesday it plans to buy British private equity group Pantheon Ventures, in the U.S. money manager holding company's fifth acquisition in seven months.
Major U.S. stock indices recovered from earlier losses on Wednesday, shrugging off initial fears about Fed Chairman Ben Bernanke's exit plan for the Fed's current level of support for the financial system.
Google believes that internet speed is not fast enough and said it is building a new-and-improved network that will work 100 times faster than the cable and DSL services that the majority of Americans use today.
Sprint Nextel Corp's fourth-quarter revenue fell 7 percent and missed Wall Street expectations as the No. 3 U.S. mobile service charged consumers less for phone calls to help curb subscriber losses.
Google Inc said it planned to build a high-speed broadband network, as the top Internet search company continues to explore new business areas.
The iPad may still be weeks away from launch, but the companies that feed off the popularity of Apple Inc's products are already hard at work prepping for the new tablet.
Google Inc said on Wednesday it would build a super high-speed broadband network for up to half a million people around the United States in order to experiment with the possibilities of a network running at 100 times current speeds.
Federal Reserve Chairman Ben Bernanke on Wednesday detailed how the U.S. central bank will begin to wean the economy off its extraordinary stimulus, even as he stressed it was not yet time to do so.
The New York Times Co warned on Wednesday that print newspaper advertising will continue to decline, sending shares down nearly 9 percent, even as the company slashed costs to reach a higher-than-expected fourth-quarter profit.
Serial entrepreneur Jason Goldberg has developed a new social networking site aimed at gay men that he called a cross between Facebook and Yelp.
Google Inc said on Wednesday it would build a super high-speed broadband network for up to half a million people in order to experiment with the possibilities of a network running at 100 times current speeds.
The outlook of small business owners remained bleak at the start of the new year, according to a survey released on Tuesday by the National Federation of Independent Business.
European nations finally gave some public indications this week that they may orchestrate some sort of bailout for Greece as investors grow increasingly concerned.
Goldman Sachs Group Inc , which held down executive pay last year, has no magic formula for setting compensation in 2010, Chief Financial Officer David Viniar said on Wednesday.
U.S. stocks fell on Wednesday as investors took a dim view of comments from the Federal Reserve chairman that although he still expects low interest rates for some time, the cheap funding that has underpinned a market rally since last March would end eventually.
Discovery Communications Inc reported a 46 percent jump in fourth-quarter profit on the back of strong distribution revenue and advertising sales in its international TV business.
After trading mostly flat in the first 30 minutes of trading, U.S. stocks fell as Fed Chairman Ben Bernanke discussed his exit strategy. However, the stock market is still being cushioned by hopes of a Greece bailout.
