MARKETS / FINANCE

I think I have a pretty good résumé, but I have no idea where to start when writing a cover letter. Is it necessary to submit a cover letter when applying for a job? I'd prefer to just submit my résumé so I don't have to write a cover letter for every job I am interested in. I'm finding I don't apply for some positions as I can't get over the stumbling block of writing the cover letter to accompany my résumé.

Twitter is courting bigtime advertisers and will soon allow them to tailor, automate and publish ads in bulk directly onto the Internet microblogging service, according to two people with knowledge of the matter.

Stocks stopped a three-day slide on Wednesday, but the market is likely to get hit in the coming session after Moody's said it could cut the United States' prized triple-A credit rating.

The Federal Reserve is ready to ease monetary policy further if economic growth and inflation slow much more, Chairman Ben Bernanke said on Wednesday, giving a boost to the bruised stock market.

Citigroup Inc is considering keeping its store credit card business after trying to dispose the $41 billion business, the Financial Times reported.

Morgan Stanley might lay off more workers than the few hundred underperforming financial advisers it previously said were at risk of being fired, according to Fox Business Network.

General Motors Co on Wednesday called comments made by Volkswagen AG's chief executive about a possible sale of the U.S. automaker's Opel unit regrettable.

New York City Mayor Mike Bloomberg is quite candid regarding his evaluation of the impact of a U.S. Government default on the financial system: it would be catastrophic, and also hurt the nation's largest city.

The IMF said on Wednesday private sector involvement was fundamental to a Greek bailout and urged Athens to move faster on fiscal and structural reforms to avoid a debt default.

EBay Inc invested in logistics provider Shipwire, according to a statement Wednesday, the latest example of the e-commerce company's push to add more services for merchants moving online.

State sales tax revenues grew slowly in June, with an average gain of only 2.1 percent, according to a report released on Wednesday, suggesting a weakening trend that could threaten states' recoveries.

A fresh round of insider-trading prosecutions involving hedge funds may be in the works judging by some unusual name-dropping during two recent guilty pleas in the long-running probe.

A fresh round of insider-trading prosecutions involving hedge funds may be in the works judging by some unusual name-dropping during two recent guilty pleas in the long-running probe.

The law overhauling the financial system should continue to protect the economy in the future despite any challenges it's faced in its first year of existence, a top Treasury official said on Wednesday.

Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, hinting policymakers were actively mulling further stimulus.

The American Association of Retired Persons (AARP), one of the most powerful interest groups in the United States, has launched a new ad campaign to protect benefits seniors have earned through a lifetime of hard work.

The following are highlights of Federal Reserve Chairman Ben Bernanke's prepared remarks on Wednesday to the House of Representatives Financial Services Committee as part of his semi-annual testimony on the U.S. economy and monetary policy.

Wall Street stocks rebounded from a three-day selloff on Wednesday as comments from Federal Reserve Chairman Ben Bernanke raised hopes for further stimulus of the U.S. economy if needed.

Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, suggesting policymakers are actively mulling further stimulus.

Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, suggesting policymakers are actively mulling further stimulus.

Struggling Nokia suffered a fresh blow on Wednesday when it abandoned plans to sell a stake in its network gear venture with Siemens .

British intelligence eavesdroppers are suffering a steady loss of Internet experts to the private sector because the likes of Google and Microsoft offer much higher wages, a group of lawmakers said on Wednesday.

Wall Street rebounded from a three-day sell-off on Wednesday as comments from Federal Reserve Chairman Ben Benanke raised hopes that there could be further stimulus for the U.S. economy if needed.

Nokia and Siemens have abandoned attempts to sell a stake in their joint venture Nokia Siemens Networks after holding unsuccessful talks with private equity firms for the past 12 months.

Anthony Bolton, one of Britain's best-known fund managers, said policing rogue executives was a far bigger task in China than in the West, as News Corporation's phone-hacking scandal thrusts corporate governance standards back into the spotlight.

Federal Reserve Chairman Ben Bernanke goes to Capitol Hill on Wednesday to testify about the sputtering U.S. recovery, but may have to spend much of his time convincing a stubborn Congress to raise the debt ceiling.

The following are highlights of Federal Reserve Chairman Ben Bernanke's prepared remarks on Wednesday to the House of Representatives Financial Services Committee as part of his semi-annual testimony on the U.S. economy and monetary policy.

European Union leaders need to come up with a comprehensive plan for tackling the region's debt crisis if they hold an emergency summit on Friday, the Irish Prime Minister said on Wednesday after Ireland had to swallow its first ever junk credit rating.

Wall Street stocks rose on Wednesday, snapping a three-day losing streak, after Federal Reserve Chairman Ben Bernanke suggested policymakers are actively considering further stimulus for the economy if it is needed.