Global hotelier Hyatt Hotels Corp is seeking to raise up to $1.15 billion in an initial public offering, according to a regulatory filing on Wednesday.
U.S. stocks slipped on Wednesday after weak data on the services sector and private payrolls cooled recent optimism the recession was retreating, but the market finished off its lows as investors ventured into riskier financial shares.
Cisco Systems Inc Chief Executive John Chambers said it was too soon to call a recovery and forecast another drop in quarterly revenue, sending its shares 3 percent lower.
James Lockhart, the U.S. regulator who nationalized Fannie Mae and Freddie Mac, will soon resign after more than three years as overseer for the mortgage finance companies, an administration official said on Wednesday.
A new U.S. government study on Tuesday adds to a growing list of experts concluding that climate legislation moving through Congress would have only a modest impact on consumers, adding around $100 to household costs in 2020.
An attorney for the executors of Michael Jackson's estate said Monday that deals worked out in partnership with the King of Pop's concert promoter could provide millions of dollars to his estate.
Columbia Pictures and concert promoter AEG Live have struck a deal to make a Michael Jackson movie using video of his This Is It concert rehearsals taken days before the King of Pop died in June, according to court documents.
President Barack Obama urged the economically battered U.S. heartland on Wednesday to resist hard times and pledged $2.4 billion to help create green jobs and ease the pain of rising unemployment.
U.S. stocks slipped on Wednesday after weak data on the services sector and private payrolls cooled recent optimism the recession was retreating, but the market finished off its lows as investors ventured into riskier financial shares.
A federal appeals court has upheld a previous ruling that pharmaceutical giant Bayer Schering's U.S. patent for its Yasmin oral contraceptive is invalid, opening the way for Barr Laboratories Inc to sell a generic version.
U.S. President Barack Obama has sent video message on Wednesday to the eighth African Growth and Opportunity Act Forum (AGOA).
President Barack Obama announced at a Navistar International Corporation factory in Elkhart, Indiana, on Wednesday, a $2.4 billion investment from the Department of Energy, for advanced battery technology for hybrid and electric-drive vehicles, the single largest investment ever made for this purpose, according to the department.
Google Inc said it would acquire video compression software maker On2 Technologies Inc for $106.5 million, stepping up efforts to foster the spread of Internet video.
Oil rose on Wednesday, bolstered by a drop in U.S. distillate inventories and optimism that a slowdown in U.S. private job losses in July could signal a gradual turnaround in the economy.
Imagine waving your cell phone and being admitted through the turnstile of a subway station, or ordering and paying for a gift without once having to open your wallet or enter a credit-card number.
The shares of battered insurer American International Group Inc rose strongly on Wednesday ahead of the release of second-quarter earnings, which are expected to stabilize for the first time in five quarters.
The big three of Detroit, General Motors Co., Ford Motor Co., and Chrysler LLC were awarded today with millions in funding from the government's stimulus package to manufacture and deploy electric vehicles, batteries and components in the United States, the Department of Energy said.
Economy worries, Loan demand up, Ratings rejection
Agrium Inc posted a better than expected quarterly profit on Wednesday thanks to strong sales of seed and crop protection chemicals, sending its shares higher along with those of its peers.
The Obama administration is resisting calls to help ensure that credit ratings are reliable, saying this would force investors to rely even more on the ratings.
U.S. stocks fell on Wednesday as weak data and some disappointing outlooks prompted investors to take profits after a four-day rally that pushed the market to nine-month highs.
James Lockhart, the regulator for Fannie Mae and Freddie Mac, will soon step down after more than three years as overseer for the mortgage finance companies, an administration official said.
