Crexus Investment Corp lowered the number of shares it will sell in its initial public offering by 60 percent, but increased the shares it plans to sell privately to its manager.
California's governor on Tuesday ordered that a third of the state's electricity come from renewable resources by 2020, the same amount as a legislature plan but with promises to let power companies get more electricity from outside the state.
A U.S. bankruptcy judge rejected on Wednesday Verizon Communications Inc's objections to a plan by Nortel Networks Corp to sell its enterprise business to Avaya Inc for $900 million.
Brazil's JBS SA said on Wednesday that it would take over bankrupt U.S. chicken company Pilgrim's Pride Corp and Brazilian rival Bertin, in deals that will propel it to the top of the world meat industry with $30 billion in annual revenue.
The European Union will support maintaining policies that poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy document said.
Influential hedge fund adviser Medley Global Advisors issued a report on Wednesday saying there is a growing divide among Federal Reserve policy makers on how quickly they should begin raising interest rates, causing U.S. government bonds to briefly sell off.
A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills.
President Barack Obama called Kanye West a jackass after the incident with Taylor Swift at the VMA's Sunday.
Oil prices broke above $72 a barrel on Wednesday after a U.S. government report showed a bigger-than-expected decline in crude inventories.
Stocks rose for a third straight day on Wednesday as weakness in the dollar lifted commodity and industrial shares while data underscored optimism that the economy was improving.
U.S. stocks rose 1 percent on Wednesday, helped by weakness in the dollar and data showing a rise in industrial output.
Most of the U.S. commercial real estate industry is expected to remain in recession through 2011 with an industry-wide recovery not expected to begin until 2012, according to a quarterly survey commissioned by PricewaterhouseCoopers.
U.S. homebuilder sentiment rose in September to its highest level since May 2008, the National Association of Home Builders said on Wednesday, bolstering the view that the battered housing market is stabilizing.
U.S. stocks rose 1 percent on Wednesday, helped by weakness in the dollar and data showing a rise in industrial output.
A solar-powered house built by a group of Texas students offers a blueprint for recession-hit U.S. families to reduce their carbon dioxide emissions and their electricity bills without busting their budget.
Microsoft's new Bing search portal is the fastest-growing U.S. search engine among the top 10, according to a Nielsen report released Monday.
Lawyers for Bank of America Corp and former Merrill Lynch & Co brokerage chief Robert McCann were in talks Wednesday to resolve his lawsuit accusing the bank of blocking him from taking a job with a rival.
A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills.
Comeback singer, Whitney Houston, on Tuesday in an interview with Oprah talked about her cocaine addiction, her marriage with Bobby Brown and her struggle to get out.
Luxury sports carmaker Ferrari thinks it could take 2-3 years for sales to return to levels seen in 2008, its chief executive, Amedeo Felisa said in an interview with Reuters TV.
Ford Motor Co (F.N) is on track to have cut structural costs by up to $15 billion since 2005, but has room to make further reductions, the automaker's chief financial officer said on Wednesday.
Ford Motor Co (F.N) will produce a seven-seat minivan-like vehicle built on a stretched compact car platform in North America beginning in late 2011, the automaker said on Tuesday.
