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Citi still mum on Al Raya Investment

Citi continues to refuse to discuss its 10 percent stake Al Raya Investment, four days after the Kuwaiti firm's chief executive was found dead.

Five groups of people should get swine flu vaccine first (video)

The Advisory Committee on Immunization Practices, a panel of medical experts from around the country that advises the Centers for Disease Control and Prevention recommended on Wednesday that five groups of people should be vaccinated first.

China State Construction sees 28 billion yuan trapped in stock

China State Construction Engineering Group (CSCEC), the world's largest stock offering in 16 months, had 28 billion yuan capital trapped in stock at their debut in Shanghai as its price fell to 6.53 yuan compared to the opening price of 6.70 yuan.

House Democrats clinch healthcare deal

Democrats broke a logjam in President Barack Obama's drive to revamp the costly healthcare system on Wednesday when a group of party conservatives accepted a compromise that allowed a reform bill to advance in the U.S. House of Representatives.

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Small Secret Hideaways in America

Travel is often filled with museums, crowds, and breakneck itineraries. But, the off-the-beaten path travel is far more memorable and relaxing.

Wall St sags on China-driven economy fear, Visa off

U.S. stocks fell on Wednesday as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder the global economic recovery.

Wall St. sags on China-driven economy fear, Visa off

Stocks fell on Wednesday as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder the global economic recovery.

Commercial real estate still weakening as overall economic decline stabilizes: Fed report

Two thirds of the Federal Reserve districts across the U.S. reported weakening activity in commercial real estate despite a moderated or stabilized pace of decline in the overall economy, according to a report issued by the Federal Reserve today.

CFTC chief fears undermining speculation clampdown

The top U.S. futures regulator on Wednesday expressed concern that exempting some investors from proposed position limits on futures contracts could undermine efforts to clamp down on excessive speculation in energy trading.

Daily wrap up - July 29 - Tech

Following a year of to-and-fro negotiations, Microsoft Corp. and Yahoo Inc. finally agreed to partner up in the Internet-search sector in a joint effort to beef up competition against search-engine giant, Google.

Daily wrap up - July 29 - Energy

Crude oil futures posted their largest one-day loss since April after a report that U.S. crude inventories surged by 5.1 million barrels last week. Oil declined nearly 6 percent trading near $63 per barrel today.

Wall St. sags; China stirs world economy fear

Stocks fell on Wednesday as investors worried that China's banks might be ready to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.

Sprint loss widens, shares fall almost 12 percent

Sprint Nextel Corp posted a wider quarterly loss and revenue fell 10 percent as the No. 3 U.S. mobile service continued to lose valuable post-paid monthly bill-paying customers, sending its shares down almost 12 percent.

CORRECTED: Wall St. sags; China stirs world economy fear

Corrects final paragraph to show that Nasdaq's decliners outnumbered advancers

Fed survey sees slowdown moderating, stabilizing

The pace of the recession has slowed or stabilized in most areas of the United States, the Federal Reserve said on Wednesday in a report that pointed to protracted job market weakness even as the economy transitions to recovery.

Wall St. drops as China ignites world economy fears

Stocks fell on Wednesday as investors worried that China's banks might be ready to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.

Trustee sues Ruth Madoff for $44.8 million

The trustee winding down imprisoned swindler Bernard Madoff's former firm sued his wife on Wednesday, seeking at least $44.8 million for investors bilked in Wall Street's biggest investment fraud.

Energy efficiency can save the U.S. $1.2 trillion by 2020: McKinsey

The U.S. economy has the potential to yield gross energy savings worth more than $1.2 trillion by 2020 if it implements energy efficiency at scale, according to a report from the consulting firm McKinsey & Company.

Wall St. slips amid China lending concerns

Stocks fell on Wednesday as investors worried that China's banks might be poised to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.

Intel sees no first-time PC buyers for netbooks

Intel Corp said on Wednesday it no longer expects netbooks to appeal to first-time computer buyers, but sees continued sales of the ultra-portable laptops as a secondary machine or a durable option for kids.

CORRECTED: Sony plugs Google's library into e-readers

(Corrects 10th paragraph to reflect that Kindle Store books can be read on Apple devices)

Oil posts biggest loss since April as supplies jump

Oil dropped nearly 6 percent on Wednesday to near $63 a barrel in the biggest one-day slide since April after data showed a surge in U.S. crude inventories on higher imports and lower refinery activity.

PIMCO's Gross blasts own industry for high fees

Bill Gross, the influential manager who runs top bond fund PIMCO, on Wednesday lambasted his industry for charging investors hefty fees for subpar performance amidst the worst economic crisis since the Great Depression.

Obama vigorously defends economic policies

President Barack Obama launched a spirited defense of his economic policies on Wednesday, declaring that they had helped save the country from plunging into a depression.

Lawmaker urges regulations for file-sharing

A senior U.S. lawmaker said on Wednesday that it may be time for the government to regulate companies that provide online file-sharing services after a number of people managed to access FBI files, medical records and Social Security numbers.