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Futures rise ahead of CPI, Fed statement

U.S. stock index futures rose on Wednesday ahead of a statement from the Federal Reserve that will be scrutinized for clues on the state of the world's largest economy.

Stock futures signal gains; all eyes on Fed

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Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.2 percent at 0841 GMT (3:41 a.m. EST).
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Rate views rattle markets before Fed

Shifting views on interest rates in 2010 whipsawed markets on Wednesday, with the Australian dollar tumbling as investors scaled back their bets on aggressive rate hikes, while U.S. Treasuries rose before the last Federal Reserve meeting this year.
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U.S. forgoes billions in tax on Citi: report

The U.S. government quietly agreed not to collect billions of dollars in potential taxes from Citigroup Inc as part of its deal to allow the bank to repay its taxpayer bailout, The Washington Post reported.
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GE sees flat 2010, to invest in core businesses

General Electric Co expects to record flat profit across its big industrial units next year, as a sluggish global economy crimps sales for jet engines, electric turbines and other heavy equipment.
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Gold steady near $1,125, Fed meeting eyed

Gold prices were flat at around $1,125 per ounce on Wednesday ahead of the conclusion of the U.S. Federal Reserve's two-day policy meeting, which could provide clues about the timing of interest rate moves.
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Oil rises above $70 on expected crude stock drop

Oil prices rose above $70 a barrel on Tuesday, snapping their longest losing streak since 2001, as traders bet that government data will show U.S. crude inventories fell last week and colder-than-normal weather will boost demand for heating oil.
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No sweat for FedEx on busiest day of the year

On December 14, FedEx Corp's busiest day this year, when the shipper handled almost double its normal number of packages, the entire system stretched to accommodate the global gift-giving frenzy that culminates nearly two weeks later around Christmas.
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FCC order would be big sports win for Verizon, AT&T

Regulators were poised to open up the U.S. cable market to more competitors by closing a cable loophole blocking access to some sports programs to competitors, a source familiar with the issue said on Tuesday.
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Bank regulators divided on securitization plan

U.S. bank regulators on Tuesday approved an initial proposal to jump-start the securitization market and strengthen standards to avoid abuses that helped lead to the economic crisis, but the board remained divided on what limits to impose on banks.
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Bernanke says weak economy not at risk of inflation

Federal Reserve Chairman Ben Bernanke, in a response to a lawmaker's questions made public on Tuesday, said the U.S. economy is operating so far beneath its potential that inflation is unlikely to become a problem.
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Borders jumps into digital books fray

Borders Group, the bookstore chain criticized by some for being late to enter the digital books and readers market, has teamed up with fledgling Kobo Inc to set up an online store for mobile devices by 2010's second quarter.
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Rajaratnam, Chiesi indicted in hedge fund probe

A U.S. grand jury on Tuesday indicted Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi on charges of securities fraud and conspiracy in an insider trading case involving employees of some of America's best-known companies.
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Wamu asks to probe Fed over collapse

Bankrupt holding company Washington Mutual Inc asked a federal court to compel the U.S. Federal Reserve, U.S. Treasury and more than a dozen others to turn over documents relating to its collapse in 2008.
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CME Group begins clearing credit derivatives

CME Group Inc began clearing U.S.-based credit derivatives on Tuesday, aiming to capitalize on a government push to safeguard a private market blamed for exacerbating the financial crisis.
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Foreclosure buyer demand dips as supply mounts

U.S. home buyers are less willing to buy foreclosed properties than they were six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded tax credit, a survey showed on Tuesday.
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Wall St snaps 4-day winning streak on GE and PPI

Stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010.
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Wall St snaps 4-day streak on GE, inflation worry

Stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010.

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