Google's threat to quit China over censorship and hacking intensified Sino-U.S. frictions on Wednesday as Washington said it had serious concerns and demanded an explanation from Beijing.
Wall Street's chiefs acknowledged taking on too much risk and having choked on their own cooking, but stopped short of an apology as they sparred with a commission looking into the origins of the financial crisis.
U.S. Commerce Secretary Gary Locke urged China on Wednesday to ensure a secure commercial environment for Google and other U.S. companies after the world's top search engine said it may shut its Chinese-language website because of cyber attacks.
The Obama administration is broadening the standards for how the U.S. government funds public transportation projects in order to disburse money quickly and improve the environment.
The International Renewable Energy Agency (IRENA) expects new members to join at its next meeting while China and world top oil exporter Saudi Arabia are to attend as observers, its head said on Wednesday.
Commercial real estate was still soft across the United States, according to a compilation of reports from Federal Reserve Bank districts known as the Beige Book.
U.S. chocolate maker Hershey Co is still working on a bid for Cadbury Plc that would top Kraft's hostile $17 billion takeover offer, a source familiar with the matter said on Wednesday.
Billionaire investor Wilbur Ross said on Wednesday that the U.S. economy is nowhere near a full recovery and forecast 2010 as a year of moderate growth for the nation's automotive industry sales.
U.S. mortgage bonds at the heart of the financial crisis may be revived by Wall Street as soon as this quarter, in what could be the most significant step yet toward repairing the credit and housing markets.
Macquarie University and Google have once again teamed up for an Australian first - this time by agreeing to provide 6,000 Gmail accounts to the University's research, teaching and administrative staff.
U.S. economic activity remained at a low level as 2010 began but was improving modestly and beginning to broaden out to include wider swaths of the country, the Federal Reserve said on Wednesday.
U.S. securities regulators proposed rules on Wednesday that would require more supervision of unlicensed high-frequency traders who gain unfettered, or naked, access to public markets.
The Australian Dollar opens marginally higher today at 0.9230 after the greenback weakened against several major currencies during overnight trade.
U.S. stocks rose on Wednesday as investors bet on recently weakened technology and financial shares ahead of earnings from bellwethers Intel Corp and JPMorgan Chase & Co , taking the Dow industrials to a fresh 15-month high.
Google's threat to quit China over censorship and hacking intensified Sino-U.S. frictions on Wednesday as Washington said it had serious concerns and demanded an explanation from Beijing.
U.S. securities regulators took their first stab at deciding whether rules are needed to curb high-frequency traders, whose lightning-fast computer programs now dominate equities markets.
U.S. economic activity remained at a low level as 2010 began but was improving modestly and beginning to broaden out to include wider swaths of the country, the Federal Reserve said on Wednesday.
A Briton who hacked into NASA and Pentagon computers has won the right to challenge the government's decision to refuse to block his extradition to the United States, his lawyers said on Wednesday.
Fourth-quarter U.S. bank results will show anemic lending and still-rising credit losses, but investors are focused more on 2010 outlooks for signs that the fledgling recovery might take hold this year, analysts said.
U.S. chocolate maker Hershey Co is preparing a bid for Cadbury Plc that would top Kraft's hostile $17 billion takeover offer, the Financial Times reported on Wednesday.
Goldman Sachs chief executive officer Lloyd Blankfein said on Tuesday that the root causes of the nation's recent financial crisis was due to a sustained period of cheap credit and excess liquidity.
The head of General Motors Co's China operations said on Wednesday that GM is still awaiting Beijing's approval for a deal to sell Hummer and that he is uncertain of the outcome.
