Stocks rose on Wednesday after the Greek parliament approved austerity measures, clearing a major hurdle in the country's bid to win access to international funding to avoid default.
Deutsche Boerse and NYSE Euronext formally sought EU approval for their planned $9 billion tie-up on Wednesday, triggering a lengthy review expected to focus on the derivatives and clearing businesses.
RockMelt, a Web browser that integrates Facebook and other social media, reeled in two more Silicon Valley heavy hitters in a new $30 million round of financing.
Stocks rose on Wednesday after the Greek parliament passed an austerity plan and a mildly encouraging report on pending home sales.
Pending sales of previously owned U.S. homes rose more than expected in May, a trade group said on Wednesday, but a glut of unsold properties remains a drag on the housing market.
Lehman Brothers Holdings Inc said it has received a wider base of support from creditors for its reorganization, and filed a new plan it hopes will help it emerge from bankruptcy and pay creditors faster.
Stock index futures pointed to a higher open on Wednesday after Greece's parliament passed an unpopular austerity plan critical to avoiding a debt default.
Software company Oracle Corp has agreed to buy Pillar Data Systems, a privately held storage technology company that is majority owned by Oracle's own chief executive officer, Larry Ellison.
Online social game company Zynga plans to raise $1.5 billion to $2 billion in an initial public offering and could file paperwork with U.S. regulators as soon as Wednesday, a source familiar with the situation said on Tuesday.
Baidu Inc, China's top search engine, wants to be one of the first companies to list on Shanghai's international board when it is launched, a business daily quoted the firm's chief financial officer as saying.
Stock index futures rose on Wednesday, putting Wall Street on track for a third day of gains as optimism grew that Greece's parliament would pass an austerity plan critical to avoiding a debt default.
Stock index futures rose on Wednesday, putting Wall Street on track for a third day of gains as optimism grew that Greece's parliament would pass an austerity plan critical to avoiding a debt default.
Stock index futures pointed to gains for Wall Street for the third session in a row on Wednesday, ahead of a Greek parliamentary vote on austerity measures which is expected to be passed in order to avert a default for the highly indebted country.
The accounting troubles and short-selling attacks hitting China-based companies are creating fertile ground for the rumor mill to flourish, with some shares hammered by chatter rather than actual evidence.
Stocks rose for a second day on Tuesday on optimism that a solution to Greece's debt crisis was near, although low volume indicated underlying nervousness in the market.
Greece's parliament holds a crucial vote on Wednesday on whether to submit the country to unpopular austerity measures demanded as the price for funds to prevent the euro zone's first sovereign default.
Securities regulators are poised on Wednesday to propose rules for how swap dealers interact with their customers, in a move designed to manage risk and protect clients from abusive practices.
India supported France's Christine Lagarde as the International Monetary Fund's next leader because it wanted to be part of the consensus that was forming around her, Indian Finance Minster Pranab Mukherjee said on Tuesday.
Japanese factory output jumped by the most in almost 60 years in May as manufacturers restore supply chains damaged by the massive earthquake and tsunami in March, the latest evidence the economy is headed for a V-shaped recovery from the disaster.
by Adam TempkinNEW YORK, June 28 - Entergy Louisiana, LLC is the first utility to be approved to use a securitization to recover costs from a canceled power-plant project, and will issue US$200m in so-called senior secured investment recovery bonds, according to an S-3 filed Friday by the company with the SEC.
Groupon Inc, the largest online daily deal company, said on Tuesday that the security of its Indian business SoSasta was breached.
Lawyers representing the New York wood pellet salesman who claims he is entitled to a huge stake in Facebook have withdrawn from the case, according to a court filing.
Twitter co-founders Biz Stone and Evan Williams plan to revive Obvious, the company they conceived years ago as a technology project incubator that eventually spawned Twitter.
Groupon Inc's Indian subsidiary SoSasta inadvertently published its users' passwords on the Internet, but the sensitive information was quickly removed after the security breach was discovered last week.
French Finance Minister Christine Lagarde on Tuesday clinched the top job at the IMF, keeping the international lender in the hands of a European at a time of growing concern over a possible Greek debt default.
Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday.
How investors trade U.S. Treasuries in case of a U.S. credit rating downgrade will depend less on the ratings move itself and more on the long-term inflation outlook, Bank of America Merrill Lynch strategists said on Tuesday.
Prospects that Greece would pass an austerity package needed to avoid sovereign default improved on Tuesday when a key deputy added his support, even as street protests turned violent in Athens.
An HSBC India client living in Wisconsin was indicted on Tuesday for hiding more than $8.7 million in offshore accounts and filing false U.S. income tax returns, the Justice Department said.
India supported France's Christine Lagarde as the next leader of the International Monetary Fund because it wanted to be part of the consensus that was building around her, Indian Finance Minster Pranab Mukherjee said on Tuesday.
