Kiva to offer micro loans to US entrepreneurs
As the financial crisis continues to dampen the global economy, a popular online microlender to third world countries, Kiva.org, has now begun to offer loans to low-income entrepreneurs in the U.S.
Wall Street wilts as oil surges
Stocks fell on Wednesday, dragged down by consumer, technology and industrial issues, after oil surged to a 7-month high, triggering worries it may curtail spending.
Accused Cuban spy couple ordered held in jail
A former U.S. State Department official and his wife, accused of spying for the Cuban government for nearly 30 years, were ordered Wednesday to be kept in jail until their trial.
‘Worst is to come’ post-recession for commercial mortgages says Metlife exec: report
“The worst is to come” as commercial mortgage defaults will rise in the two or three years after the current economic slowdown ends, the chief investment officer at U.S. insurer and financial services provider Metlife Inc said on Wednesday, according to Bloomberg.
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Oil tops $71 after large drop in U.S. crude stocks
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Higher oil concerns weigh on Wall Street
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U.S. trade gap widens on softening exports
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Russia knows of N.Korean launch plans: report
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CES 2021 Highlight: Robot Vacuum And Mop From Roborock Unveiled, 50Hz Scrubber For Tough Stains
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
More news
Car bomb rips through south Iraq market, 32 killed
A car bomb ripped through a crowded market in southern Iraq on Wednesday, killing at least 32 people, and wounding 70, officials said.
Suu Kyi trial clouds Myanmar cyclone aid effort
Myanmar's trial of opposition leader Aung San Suu Kyi will hurt international efforts to help the army-ruled country's recovery from the devastation of Cyclone Nargis, donors said on Wednesday.
Russia says expecting new North Korea missile test
Russia has information on North Korean plans to launch a ballistic missile but does not know when it will take place, Interfax news agency quoted a senior Russian military source as saying on Wednesday.
Obama envoy says Palestinian statehood only option
U.S. envoy George Mitchell assured the Palestinians on Wednesday of Washington's commitment to a state of their own, calling its establishment the only viable solution to their conflict with Israel.
Russia to sell U.S. treasuries, buy IMF bonds
Russia will reduce the share of U.S. treasuries in its forex reserves, the world's third-largest, a senior central bank official said on Wednesday, driving the dollar broadly lower.
Home Depot raises profit forecast
Home Depot Inc said earnings could be flat this year, rather than falling as it previously forecast, saying the worst of the U.S. housing correction had passed.
Senate Democrats unveil healthcare bill
Leading Senate Democrats unveiled on Tuesday a plan to reshape U.S. healthcare that calls for sweeping insurance market reforms and prohibits insurers from denying coverage or charging more due to medical history.
U.S. mortgage demand withers as loan rates spike
Spiking U.S. mortgage rates drove down total home loan applications last week as demand for refinancing shriveled to the lowest level since November, the Mortgage Bankers Association said on Wednesday.
U.S. bank job cuts slow, but bloodshed not over yet
The brutal pace of job losses on Wall Street may be slowing, but experts remain cautious about whether this means a quick turnaround is on the way.
Stock futures point to gains
Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 1.3 percent, Dow Jones futures up 1.2 percent and Nasdaq 100 futures up 1.1 percent.
Citi launches $58 billion exchange offer, finalizes deal with U.S.
Citigroup Corp. announced a finalized deal with the U.S. government on Wednesday that could add up to $58 billion in common equity to the company, with chief executive Vikram Pandit saying the move would make the bank among the best capitalized in the world.
Wall Street set for gains on commodities
Stocks headed for a higher open on Wednesday, as surging prices for oil and other commodities drove a global equities rally and Home Depot raised its outlook.
Commodities, Home Depot to lift Wall Street
Stock futures pointed to a sharply higher open on Wednesday, as surging prices for oil and other commodities drove a global equities rally and Home Depot raised its outlook.
Fiat to close Chrysler deal, shares rise
Italian car maker Fiat SpA was set to close its takeover of Chrysler on Wednesday in an ambitious move to survive and grow out of one of the worst crises in global auto industry.
Stock futures jump on commodities, energy boost
Stock futures pointed to opening gains of more than 1 percent on Wednesday, following a rally in global stock markets underpinned by higher commodity and energy prices.
Bruised, China will shun mega-deals for now: bankers
China's pursuit of mega-sized deals with global leaders in strategic industries will slow as Beijing recovers from Anglo-Australian miner Rio Tinto's stunning rejection of a $19.5 billion tie-up with state-owned Chinalco.
U.S. industry warns of high costs from climate bill
Energy prices, from fuel for interstate trucking to electric utility costs, would rise significantly under climate change legislation pending in the U.S. Congress, industry officials said on Tuesday.
Delay new biofuels rule one year: U.S. oil industry
The government should delay new rules that expand U.S. use of biofuels until 2011, the oil industry said on Tuesday, because there is too much work to do on the ground-breaking rules to start sooner.
Stock index futures point to gains
U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 1.3 percent, Dow Jones futures up 1.2 percent and Nasdaq 100 futures up 1.1 percent.
Rising U.S. mortgage rates sap loan applications
A spike in U.S. mortgage rates drove down total home loan applications last week as demand for refinancing shriveled to the lowest level since November, the Mortgage Bankers Association said on Wednesday.
Organized theft up against retailers, study says
More than nine out of 10 U.S. retailers say they have had merchandise stolen by well-organized crime rings, according to a new report from a leading trade group.
Fiat to close Chrysler deal on Wed, shares rise
Italian car maker Fiat SpA was set to close its takeover of Chrysler on Wednesday in an ambitious move to survive and grow out of one of the worst crises in global auto industry.
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