Stocks rise on solid data; investors eye Fed
U.S. stocks climbed on Wednesday on positive data about the services sector and employment, while investors awaited the Fed's assessment of the economic recovery.
For Americans, deficit pain is felt close to home
Christopher O'Neill is worried about the deficit. The deficit, that is, in his personal income after the 26-year-old Miami finance analyst was forced to find a temporary job paying $20,000 a year less than he earned until January when he was laid off from his auditor's post in Miami.
GM Opel U-turn awkward for Merkel but no disaster
General Motors' decision to keep its European unit Opel is embarrassing for German Chancellor Angela Merkel, who had lobbied for a sale, but the U.S. group's U-turn deals no lasting blow to her new government.
The most unemployed town in America — or is it?
If you're looking for ground zero in America's longest and deepest recession, El Centro in southern California appears on first glance to fit the bill.
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Short sale battles weigh on U.S. housing recovery
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ADP profit beats estimates as costs decline
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G20 to look at how to unwind stimulus-U.S.'s Wolin
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Dollar dips from 1-month high vs currency basket, euro
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CES 2021 Highlight: Robot Vacuum And Mop From Roborock Unveiled, 50Hz Scrubber For Tough Stains
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
More news
Opel restructuring must be driven by economics-EU
European Union competition regulators urged U.S. carmaker General Motors on Wednesday to draft a recovery plan for its European arm, Opel, that would ensure its long-term viability.
Pulte raises Centex savings forecast, shares surge
Pulte Homes Inc raised its forecast for efficiencies and savings from its acquisition of rival Centex Corp, overshadowing a quarterly loss and sending its shares up 7.5 percent.
Kraft will only pay 800p/share for Cadbury-Investec
U.S. food group Kraft will be willing to pay only 800 pence a share for Cadbury after Kraft's CEO cautioned on overpaying for the British confectionery group, Investec Securities said on Wednesday.
Clinton says Israel settlement activity illegitimate
U.S. Secretary of State Hillary Clinton said on Wednesday that Washington does not accept Israeli settlement activity as legitimate but believes that resuming peace talks is the quickest way to achieve a freeze.
Italy convicts former CIA agents in renditions trial
An Italian judge sentenced 23 former CIA agents to up to eight years in prison Wednesday for the abduction of a Muslim cleric in a symbolic ruling against rendition flights used by the former U.S. government.
What may be future of reform movement in Iran?
Iranian security forces clashed with supporters of Iran's opposition leader Mirhossein Mousavi in Tehran on Wednesday when a rally marking the 30th anniversary of the storming of the U.S. embassy turned violent
Colombia spars with Venezuela in growing crisis
Colombia on Wednesday warned Venezuela not to brush aside last month's deaths of nine Colombians on the border as paramilitary gang violence, an incident that fueled tensions between the Andean neighbors.
Senate poised to adopt jobless, housing aid
The U.S. Senate was poised on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bill aimed at breathing life into the U.S. economy.
White House, on Opel, says GM makes it own decisions
The White House turned aside questions on Wednesday about the reason that General Motors decided not to sell Opel, saying that the auto company makes its own business decisions.
Former HP Chief Fiorina running for Senate
Former Hewlett-Packard Co chief and Silicon Valley star Carly Fiorina said on Wednesday that she would run as a Republican candidate for the U.S. Senate from California, taking on liberal Democrat Barbara Boxer.
Stocks jump on data ahead of Fed; healthcare up
Stocks jumped on Wednesday, with the Dow and S&P 500 up more than 1 percent, on positive data about the services sector and employment as investors awaited the Fed's assessment of the economic recovery.
U.S. job growth seen in early 2010: Macro Advisers
The U.S. job market will likely start to grow in early 2010, as signs of economic expansion should encourage companies to hire workers, said Macroeconomic Advisers LLC chairman Joel Prakken.
U.S. services sector grows, job losses decline
The U.S. services sector, which represents about 80 percent of U.S. economic activity, grew for the second consecutive month in October, while the labor market also showed signs of improvement in data published on Wednesday.
Microsoft gives MSN.com first face-lift in 10 years
Microsoft is offering a sneak peak at its new redesigned version of its MSN.com home page that incorporates social media giants: Facebook and Twitter.
Fed seen staying on easy-money path
The Federal Reserve on Wednesday is expected to reaffirm its intention to keep U.S. interest rates at ultra-low levels for a long time to support the economy, even as signs of recovery accumulate.
Football fever gives Adidas confidence for 2010
Adidas AG, the world's second-largest sports goods maker, is confident on consumer demand heading into the Christmas season and ahead of next year's soccer World Cup, after posting an in-line third quarter.
Disney gets Beijing nod for Shanghai theme park
The Walt Disney Co has received Beijing's nod to build a theme park in Shanghai, in a major advance for the media and entertainment company in the tough China market ahead of President Obama's first China visit.
Sri Lanka's top general leaves U.S. unquestioned
U.S. authorities allowed Sri Lanka's military chief to return home without being questioned over human rights violations in the last months of the country's 25-year civil war, the Foreign Ministry said on Wednesday.
GM keeps Opel, Nissan eyes profit as recovery picks up
General Motors' move to scrap the sale of its Opel unit and raised forecasts from Nissan Motor Co lifted confidence in the global auto industry's recovery on Wednesday.
Services sector grows, job losses decline
The U.S. services sector, which represents about 80 percent of U.S. economic activity, grew for the second consecutive month in October, while the labor market also showed signs of improvement in data published on Wednesday.
Wall St jumps on strong data ahead of Fed statement
U.S. stocks rose broadly on Wednesday on positive economic data and ahead of a Federal Reserve statement on interest rates and the economy that is expected to keep government support in place.
ADP profit rises as costs decline
Automatic Data Processing Inc posted higher quarterly earnings on Wednesday as the world's largest payroll processing company trimmed expenses to offset lower sales.
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