Stocks rallied on Wednesday, reversing three days of losses on optimism the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.
Most baseball fans realize that over the course of a 162-game season, there's bound to be a rain delay or two. That's understandable. What's not understandable? Starting a game at 11:08 p.m. EDT.
The number of jobs waiting to be filled edged up slightly in July but hiring dipped, preventing a much-needed boost to the struggling economic recovery, government data showed on Wednesday.
Among the legions of Brazil-watchers who were caught off guard by last week's 50 basis point interest rate cut, count President Dilma Rousseff.
Facebook's first-half revenue roughly doubled to $1.6 billion, underscoring the world's largest social network's appeal to advertisers.
Stocks rallied on Wednesday, reversing three days of losses on hopes the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.
Facebook for iPad app is still nowhere in sight. But on a brighter note, Facebook has updated its iPhone app with several new features and welcomed improvements. Facebook for iPhone v3.5 is now available for download and the new version includes a redesigned look for Profiles and Group walls - similar to its Web changes.
General Electric Co said it would vigorously contest a lawsuit by the Federal Housing Finance Agency, which said the conglomerate's former WMC unit made inaccurate statements about the sale of two residential mortgage-backed securities.
Germany's top court handed the country's parliament a greater say over euro zone bailouts on Wednesday, in a closely-watched ruling that could hamper Berlin's ability to act swiftly to counter a debt crisis that has plagued the currency bloc for two years.
HSBC <0005.HK> , Europe's biggest bank, is to cut 3,000 jobs in Hong Kong over the next three years as it targets its first wave of an aggressive cost-cutting plan on five countries.
A meeting of Group of Seven finance chiefs on Friday will discuss the struggling world economy and progress in regulating the financial sector but a coordinated action plan to calm markets is unlikely.
Stocks rose on Wednesday, reversing three days of losses on hopes the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.
President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job-creating package, U.S. media reported on Tuesday.
Antitrust officials in South Korea raided Google Inc's Seoul offices on Tuesday, according to a source familiar with the matter, expanding worldwide regulatory pressure on the Internet giant.
In his Thursday address, President Barack Obama is expected to call for extensive tax incentives as part of his administration's plan to jump-start job growth, which has ebbed in recent months as the originally stimulus ended. However, the plan faces an uphill battle in House, where ruling Republicans are likely to oppose it.
By firing Carol Bartz, perhaps the best-known woman in Silicon Valley, Yahoo now has a new thing to search for: a new CEO, or perhaps in Yahoo lingo, a new Chief Yahoo.
Germany's Constitutional Court rejected on Wednesday a series of lawsuits aimed at blocking German participation in bailout packages for Greece and other euro zone countries, but said parliament must have a bigger say in future rescues.
Even as anxiety over policy inertia, banking and sovereign debt crises dominate the headlines, a long-festering concern over the impact of aging Western populations on stock markets is returning to add even greater gloom.
A meeting of Group of Seven finance chiefs on Friday will discuss the struggling world economy and progress in regulating the financial sector but a coordinated action plan to calm markets is unlikely.
Wall Streets stocks were set to rebound on Wednesday on hopes the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.
Germany's top court handed its country's parliament a greater say over euro zone bailouts, potentially hampering Berlin's ability to act decisively against a debt crisis which Chancellor Angela Merkel said needed a fundamental rethink to solve.
Stock index futures rose on Wednesday, following a three-day equities decline, on hopes the European debt crisis might ease after Germany's top court smoothed the way for Berlin's participation in bailout packages.
Stock index futures rose on Wednesday, a day after sharp losses sparked by new concerns Europe was failing to tackle its debt crisis.
Demand for U.S. home loans fell for a third straight week last week although mortgage rates fell to or near record lows, an industry group said on Wednesday.
Spot gold rebounded Wednesday in Singapore trading by as much as 0.8 percent from a sharp slide off the record high in the previous session.
Germany's highest court said on Wednesday that parliament must have a bigger say in euro zone rescue packages, in a landmark ruling that may make it more difficult for Europe to respond swiftly in delivering aid to crisis-hit member states.
AT&T Inc can lower the price it pays for T-Mobile USA Inc if the remedies requested by regulators become too expensive, a Bloomberg report said, citing three people with direct knowledge of the merger contract.
World stocks rose from a two-week low on Wednesday and the euro rebounded across the board after Germany's top court rejected lawsuits aimed at blocking Germany's participation in bailout packages for Greece and other euro zone countries.
The Bank of Japan kept its policy settings unchanged on Wednesday, saving up its scant ammunition for later, while the yen stabilized in the wake of Switzerland's radical action to curb its soaring currency.
A study by Symantec Corp, the maker of Norton computer security software, estimates the cost of global cybercrimes at $114 billion annually.
