China Premier Wen Jiabao sounded his most upbeat note this year on Beijing's fight against inflation, saying he expects price pressures to decline steadily even as the country keeps up its brisk economic growth.
European Union leaders have formally appointed Italy's Mario Draghi to be the next president of the European Central Bank, draft conclusions from the EU summit showed on Friday.
Stocks closed way off session lows on Thursday on news Greece agreed to a five-year austerity plan, but lingering economic uncertainty ultimately drove the S&P 500 lower, keeping a downward trend in place.
In the fall of 2009, Deutsche Bank quietly fired one of its top derivative traders in London after a colleague in New York complained about finding substantial trading anomalies in a multibillion dollar portfolio of high-risk credit default swaps managed by the German-based bank, Reuters has learned.
HSBC Holdings PLC will have to wait until the end of July to hear whether or not a U.S. judge allows the Madoff firm trustee to proceed with a $9 billion lawsuit accusing the bank of enabling the massive fraud.
Trouble with new technologies including a clunky control system for its radios pounded Ford Motor Co's ranking in a closely watched quality ranking, just a year after the U.S. brand led its mass-market rivals.
Oracle Corp posted disappointing quarterly results particularly in hardware sales, sparking concerns about a sharper-than-expected slowdown in tech spending and sending its shares down 6 percent.
Children as young as eight years old are invited to Las Vegas this summer to learn that it's cool to be a hacker -- provided they don't cheat, steal or commit other crimes.
Ben Bernanke used his second-ever news conference on Wednesday to teach the world's financial markets a lot more about the thinking at the Federal Reserve than they could glean from its usual statements.
U.S. sales of sweet crude oil from the Strategic Petroleum Reserve will have a base price of $112.79 a barrel, a spokeswoman for the SPR said on Thursday.
Olympic rowing twins Cameron and Tyler Winklevoss are pushing ahead with another suit against Facebook, a day after they decided not to appeal a U.S. Supreme Court ruling upholding their $65 million settlement with Facebook and its founder Mark Zuckerberg.
Google Inc is about to receive the civil equivalent of a subpoena from the U.S. Federal Trade Commission as part of a probe into the giant Web company's Internet search business, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Discover Financial Services said quarterly profit more than doubled, beating expectations, as customers spent more on their credit cards and the company started to reap the benefits of its expansion beyond credit card lending.
A brace of sweetened offers has failed to sway shareholders in the race to buy the operator of Canada's biggest stock exchange, and time is running out ahead of a June 30 shareholder vote.
European Union leaders promised more money to help Greece stave off looming bankruptcy, provided its parliament enacts an austerity plan finalized in fraught last-minute talks with international lenders.
NYSE Euronext and Deutsche Boerse AG agreed to pay roughly $900 million of dividends to settle U.S. shareholder lawsuits challenging their roughly $10 billion merger to create the world's largest exchange operator.
Wal-Mart Stores Inc and its foundation said on Thursday that it had committed $25 million to help provide food, education and jobs for children during school summer break, but opponents of the retailer's urban expansion plans questioned its motives.
Stocks closed way off session lows on Thursday on news Greece agreed to a five-year austerity plan, but lingering economic uncertainty ultimately drove indexes mostly lower, keeping the downward trend intact.
The number of Americans filing new claims for unemployment benefits rose last week, suggesting little improvement in the labor market this month after hiring stumbled badly in May.
Oil tumbled 6 percent on Thursday to a four-month low after the world's top consumers released emergency oil reserves for the third time ever, a surprise intervention to aid the struggling global economy.
Stocks pared losses on Thursday, with the Nasdaq turning positive, after sources said Greece had won the consent of inspectors from the European Union and International Monetary Fund for a new five-year austerity plan.
The chairman of Yahoo Inc voiced support for Chief Executive Carol Bartz, who has become a lightning rod for criticism as the company struggles with stagnant revenue growth and a rift with its Chinese partner.
The chairman of Yahoo Inc's board of directors voiced support for Chief Executive Carol Bartz, saying the company has a clear path forward toward accelerated revenue growth.
Greece has won the consent of a team of EU-IMF inspectors for its new five-year austerity plan on Thursday after committing to an additional round of tax rises and spending cuts, sources with knowledge of the talks said.
Sales of new homes in the United States were down 2.1 percent in May, but inventories hit a record low due to reduced production, the U.S. Commerce Department said.
Greece's new finance minister grappled with EU and IMF officials over gaps in his austerity plans on Thursday, with European leaders insisting on deep spending cuts and more tax hikes if Athens wants to secure funds and avoid potential default.
U.S. stocks pared some of their losses and the Nasdaq Composite briefly turned positive on Thursday, boosted by a spike in shares of Apple Inc
.European Union leaders are expected to press Greece at a summit on Thursday to adopt deeply unpopular austerity measures, in return for fresh financial support.
The number of Americans filing new claims for unemployment benefits rose last week, suggesting little improvement in the labor market this month after employment stumbled badly in May.
The IMF said on Thursday it had identified computer files that were copied during a recent cyberattack and has no evidence information in emails or the fund's financial systems was compromised.
