American Airlines parent AMR Corp posted a quarterly loss on Wednesday, capping a year of economic turmoil and weak travel demand that battered the industry.
President Obama has a new foe for his Democratic Party-led national health care reform agenda as Massachusetts voted on Tuesday to elect the Republican Scott Brown to the U.S. Senate.
Nearly half of the users of Google News skim the headlines at the news aggregator site without clicking through to the publisher, according to new research.
Up to 200,000 Haitians in the United States when a devastating earthquake struck last week will be allowed to stay and work for up to 18 months to aid in their country's recovery, the U.S. government said on Wednesday.
U.S. regulators filed a lawsuit against Berkshire Hathaway Inc's General Re alleging the reinsurer used sham transactions to help manipulate American International Group Inc and Prudential Financial Inc's financial statements, according to documents filed in a New York federal court on Wednesday.
U.S. President Barack Obama urged lawmakers on Wednesday to coalesce around elements in healthcare reform that could be agreed and said the new Republican senator from Massachusetts should be seated before a vote on the bill.
Warren Buffett said Kraft Foods Inc's proposed $19.6 billion acquisition of Cadbury Plc is a bad deal and questioned how Chief Executive Irene Rosenfeld chose to pay for it.
Apple Inc is talking with Microsoft Corp about making it the default search engine provider for the iPhone, replacing Google Inc, BusinessWeek reported on Wednesday.
U.S. home starts unexpectedly fell last month as unusually cold weather hampered construction, but a jump in building permits to a 14-month high indicated the housing market recovery was intact.
Wells Fargo & Co and U.S. Bancorp reported better-than-forecast quarterly earnings, helped by recent acquisitions, while larger rival Bank of America Corp got a boost from Merrill Lynch.
The U.S. Securities and Exchange Commission wants to expand its lawsuit in the widening Galleon hedge fund probe to add new charges against two defendants, Galleon founder Raj Rajaratnam and former McKinsey & Co director Anil Kumar.
U.S. retail brokerages modestly boosted fourth-quarter profits as higher merger and recruiting expenses largely offset growing management fees and a market-fueled increase in client assets.
Oil prices fell toward $77 a barrel on Wednesday as the dollar strengthened and Wall Street slipped on worries about domestic bank results and bank lending curbs in China.
General Electric Co is on track to report its eighth straight quarter of profit declines on Friday, with investors looking for evidence the largest U.S. conglomerate is stabilizing its hefty finance unit.
U.S. stocks were having their worst day of 2010 on Wednesday as lending restrictions in China worried investors about the global economic recovery, while a conservative outlook from IBM weighed down technology shares.
Unemployment rates will likely peak in most U.S. cities in 2010, but it will be many more years before jobless rates hit their lows of the last decade, a report released by a U.S. mayors group shows.
Four of the major U.S. financial institutions - with a combined market capitalization of $352 billion - reported mixed fourth quarter earnings today.
U.S. stocks extended losses on Wednesday as investors pummeled technology shares, sending the Nasdaq down more than 2 percent following IBM's disappointing outlook.
President Barack Obama on Wednesday faced a fight to save his legislative agenda and keep his healthcare overhaul alive after his Democratic Party lost a key Senate seat, underscoring the challenges he faces at the one-year mark of his presidency.
U.S. stocks fell on Wednesday as quarterly results from three big U.S. banks raised concerns about the stability of the sector and analysts questioned IBM's profit forecast.
Wells Fargo & Co and U.S. Bancorp reported better-than-forecast quarterly earnings, helped by recent acquisitions, while larger rival Bank of America Corp got a boost from Merrill Lynch.
Oil slipped below $78 a barrel on Wednesday on fresh evidence of tightening credit policy in China, a stronger dollar and expectations that U.S. refiners processed less crude in the latest week.
