Strong demand for firearms helped Smith & Wesson Holding Corp post a quarterly profit that topped market expectations, and the company forecast solid second-quarter revenue, sending its shares up 12 percent.
The lowest mortgage rates in 3 months had U.S. consumers clamoring for home loans last week even as the government said on Wednesday it expected millions more foreclosures.
U.S. stocks closed higher for a fourth straight day on Wednesday, sending the Standard & Poor's 500 index to its best finish so far this year as industrial and technology companies gained from a weak dollar.
A U.S. bankruptcy judge ordered Semgroup, its creditors and suppliers to mediation on Wednesday in hopes of keeping the oil and gas services company on track to emerge from bankruptcy in November.
The lowest mortgage rates in 3 months had U.S. consumers clamoring for home loans last week even as the government said on Wednesday it expected millions more foreclosures.
An experimental obesity drug made by Vivus Inc showed dramatic results in two late- stage clinical trials, potentially offering patients a much- needed weight-loss aid and sending the company's shares soaring more than 70 percent.
A Manhattan federal judge has rejected Merck & Co's effort to dismiss 24 cases alleging that its Fosamax drug treatment for osteoporosis causes jaw damage.
Bank of America Corp shot back at New York Attorney General Andrew Cuomo, saying he is simply wrong to claim that the bank is hindering an investigation into its takeover of Merrill Lynch & Co.
Tyson Foods Inc, the largest U.S. meat producer, said on Wednesday its chicken business has softened since early August, while its beef and pork businesses are doing well.
The U.S. government should consider a trust for its stake in General Motors Co and Chrysler to ensure independent oversight and facilitate an exit strategy, a congressional watchdog found on Wednesday.
Half of Federal Reserve districts saw evidence the U.S. economy had improved by the end of August, although labor markets remained weak and retail sales were flat overall, a Fed report said on Wednesday.
There has been more bad blood in Venice over Bad Lieutenant: Port of Call New Orleans, a movie starring Nicolas Cage that borrowed its title from Abel Ferrara's 1992 cult classic Bad Lieutenant.
Iranian video artist Shirin Neshat has made her first feature film about women's lack of freedom and growing political involvement in 1953 Iran, but she said the story had strong parallels with the situation today.
U.S. President Barack Obama readied a high-stakes plea for healthcare reform on Wednesday, as a Senate Democrat leading bipartisan negotiations said he was ready to push ahead even without Republican support.
The Democratic U.S. senator leading an effort to write a bipartisan healthcare reform bill said on Wednesday he was ready to move forward without Republican support, but still hoped for a deal.
Senate negotiators made a last stab at a bipartisan healthcare compromise as the U.S. Congress returned to work Tuesday, with House of Representatives Speaker Nancy Pelosi calling a government-run insurance option essential to the bill.
U.S. stocks rose on Wednesday, led by gains in industrial and technology companies as a weak dollar encouraged investors to bet on equities.
Oil prices rose on Wednesday, as optimism surrounding economic recovery and a weaker U.S. dollar prompted investors to buy crude to hedge against inflation.
A climate bill in the U.S. Senate would cost leading U.S. refinery Valero Energy Corp between $6 billion and $7 billion per year in its current form, the company's CEO said on Wednesday.
Chevron Corp has started pumping crude oil from the Tombua-Landana project offshore Angola, with plans to raise output to 100,000 barrels per day by 2011, the company said on Wednesday.
A cyber security coordinator is expected to be announced by President Barack Obama in the next week or two, and the lead candidate is Frank Kramer, who was an assistant Defense secretary under President Bill Clinton, a source said on Wednesday.
R&B singer Chris Brown who was last month sentenced to five years probation and some community service for assaulting his then girlfriend Rihanna in February is not sure whether he will perform at the Michael Jackson tribute show in Austria next week.
