South Carolina Governor Mark Sanford re-appeared Wednesday, following a week long mysterious disappearance, saying that he had been in Argentina and admitted to an extramarital affair.
U.S. securities regulators proposed tough new rules for money market funds to help avoid a repeat of what happened when the collapse of the Reserve Primary Fund triggered a wave of redemptions in the $3.67 trillion market.
The head of the Department of Education outlined on Wednesday a proposal to simplify the application for college financial aid making it faster, shorter and more user friendly.
The Dow industrials turned negative and the broader market pared gains on Wednesday as the Federal Reserve said the economy would remain weak for a time, denting optimism about the strength of a rebound.
An unexpected jump in U.S. durable goods orders last month backed hopes that the economy was healing, but news from the hard-hit housing market remained mixed.
Decisions over restitution for the thousands of investors defrauded by Bernard Madoff have been deferred for three months, the U.S. judge who will sentence the confessed swindler on June 29 ruled on Wednesday.
The global population of high net worth individuals fell 14.5 last year along with the economy, according to a new report.
Ford Motor Co aims to cut the number of its parts suppliers by almost half by the end of 2009 as the only U.S. automaker to avoid bankruptcy attempts to shore up its supply base at a time of deep financial stress for the industry.
Stocks gained on Wednesday after software maker Oracle's results beat expectations and durable goods orders jumped unexpectedly, giving more hope that the economy is rebounding.
Iran's foreign minister said on Wednesday Tehran was reviewing whether to downgrade ties with Britain, which Iran has accused of interference in its disputed presidential election, the ISNA news agency reported.
An environmental group on Wednesday asked U.S. Secretary of State Hillary Clinton to deny permits for pipelines that would bring oil from Canada's tar sands to the United States.
U.S. stocks rose broadly on Wednesday as durable goods orders jumped unexpectedly, reinforcing the belief the economy was healing, while quarterly results from software maker Oracle boosted technology shares.
U.S. securities regulators are considering tough new rules for money market funds to help avoid a repeat of what happened when the collapse of the Reserve Primary Fund wreaked havoc on the $3.67 trillion market.
Sales of newly built U.S. single-family homes slipped slightly in May, according to Commerce Department data on Wednesday that underscored that conditions in the hard-hit housing market remain fragile.
Sales of newly built U.S. single-family homes slipped slightly in May, according to Commerce Department data on Wednesday that underscored that conditions in the hard-hit housing market remain fragile.
President Barack Obama said in an interview aired on Wednesday that he
Natural gas industry veteran Tom Skains praised BB&T Corp. on Wednesday for its success amid the current economic crisis as the financial firm elected him to its board of directors of directors.
Microsoft Corp on Wednesday unveiled its Hohm website designed to help residential power consumers save money and reduce their environmental impact by conserving energy.
Stocks rose broadly on Wednesday as surprisingly strong durable goods orders and quarterly results from software maker Oracle reinforced the belief the economy was stabilizing.
Oil rose above $69 a barrel on Wednesday, supported by news of a bigger-than-expected draw in U.S. crude oil stocks and growing geopolitical troubles in some OPEC member countries.
U.S. President Barack Obama will meet Pope Benedict for the first time on July 10 during a visit to Italy to attend a G8 heads of state meeting, a Vatican source said Wednesday.
President Barack Obama said in an interview aired on Wednesday that he absolutely will get healthcare reform completed in 2009 but declined to say what the final package would eventually look like.
