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Fed cuts growth forecast; no hint of more support

The Federal Reserve on Wednesday cut its forecasts for U.S. economic growth, but offered no hint of further monetary support, saying the recovery should gradually pick up heading into 2012.

London Stock Exchange sweetens its TMX bid

The London Stock Exchange sweetened its friendly bid for the operator of the Toronto Stock Exchange to $4.1 billion on Wednesday, topping a hostile offer from a Canadian consortium.

UK teenager charged with hacking attacks: police

British police said on Wednesday they had charged a teenager with launching a series of cyber attacks against a national law enforcement agency and two well-known British music industry bodies.

LSE raises bid for TMX; Maple showdown brews

The London Stock Exchange added cash payouts to its friendly bid for the operator of the Toronto Stock Exchange on Wednesday, raising the value to $4.1 billion and topping a $3.8 billion hostile offer from a Canadian consortium.

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FedEx earnings rise, expects robust 2012

FedEx Corp's fourth-quarter earnings and outlook beat forecasts as higher shipping rates and tight cost controls more than offset a slowing economic recovery and high fuel prices.

Wall Street falls after 4 up days on Fed's comments

Stocks dropped on Wednesday after the Federal Reserve acknowledged the sluggish pace of the U.S. economic recovery without hinting at further plans for stimulus.

DealTalk: In turnabout, U.S. banks issue stock to pay for deals

U.S. banks including PNC Financial Services Group and Capital One Financial are using shares to help pay for even small acquisitions, in a sign of how much pressure they feel to boost their capital levels.

Fed cuts GDP forecast; no hint of more support

The Federal Reserve on Wednesday cut its forecasts for U.S. economic growth, but offered no hint of further monetary support, saying growth should pick up soon.

U.S. has clear path to selling GM stake: official

The Treasury has a clear path to selling its remaining stake in General Motors Co shares, a senior Obama administration official is expected to say on Wednesday.

Wall Street dips as Fed offers no clue on stimulus

Stocks edged lower on Wednesday after the Federal Reserve acknowledged the sluggish pace of the U.S. economic recovery, but gave no hint of further plans for stimulus.

Isis plans mobile payments launch in Austin

Isis, the mobile payments venture of three top U.S. wireless network operators, said on Wednesday that Austin, Texas, would be among its initial service launch markets in the first half of 2012.

China says no cyber warfare with U.S.

There is no cyber warfare taking place between China and the United States, a senior Chinese official said on Wednesday, after weeks of friction over accusations that China may have launched a string of Internet hacking attacks.

Instant view: Fed: Moderate recovery continues but pace slow

The Federal Reserve on Wednesday said the pace of U.S. economic recovery was proceeding more slowly than it had expected though it was primarily because of temporary factors.

Online brawls may be fractious hackers' downfall

- The rogue hackers behind brazen cyber attacks are clever online technicians but have a critical human frailty -- petulant personalities prone to infighting that may spell disaster for their raids on spies, banks and companies.

Stocks priced too low: Goldman's Cohen

Wall Street investors are a bit more pessimistic than they should be despite a host of negative factors such as a weak U.S. economy and high energy costs, Goldman Sachs strategist Abby Joseph Cohen said.

Fed downgrades economic assessment, sees pickup

The Federal Reserve on Wednesday said the recovery was proceeding more slowly than it had expected, but it offered no hint of further monetary support, saying growth should pick up soon.

TMX gets sweetened bid from LSE, rejects Maple

The London Stock Exchange has sweetened its friendly offer for the TMX Group with an enhanced dividend, bringing the value to $4.1 billion for the operator of the Toronto Stock Exchange.

Wall St flat to up a bit after Fed's statement

Stocks traded flat to slightly higher on Wednesday after the Federal Reserve acknowledged the sluggish pace of the U.S. economic recovery, but provided no clues about any additional plans for stimulus measures.

FedEx profit jumps, expects robust 2012

FedEx Corp's quarterly profit and outlook beat forecasts as higher shipping rates and tight cost controls more than offset a slowing economic recovery and high fuel prices.

Pressure stays on Greeks to avoid default

Europe kept up the pressure on Greece to push forward with a painful austerity program on Wednesday after the government jumped a crucial hurdle in averting the euro zone's first debt default.

Google eyeing further display ad acquisitions

Google will buy more companies to boost its presence in the booming online display ad sector in a challenge to Facebook, even as European regulators examine its dominant web search position.

Fed: Moderate recovery continues but at slow pace

The Federal Reserve on Wednesday said the pace of economic recovery was proceeding more slowly than it had expected though it was primarily because of temporary factors.

Hulu weighs sale options after approach: source

Online video site Hulu has been approached by a potential buyer and is weighing whether to sell itself, according to a person familiar with the matter.

Wall Street edges higher ahead of Fed statement

Stocks edged higher on Wednesday after an upbeat outlook from FedEx as investors awaited the Federal Reserve's assessment of the economy and any clues about plans for dealing with recent weakness.

Fed seen dialing down GDP forecasts

The Federal Reserve will likely nod to renewed weakness in the U.S. economy in a post-meeting policy statement on Wednesday, but don't expect policymakers to do anything about it any time soon.

Exclusive: OneWest gains a ray of hope for Paulson in glum times

John Paulson's roll of the dice on a lender that rose from the wreckage of the financial crisis is emerging as one of the few big winners for the hedge fund manager in what is shaping up as a downbeat year.

Wall Street flat on investor caution ahead of Fed

Stocks seesawed between modest gains and losses on Wednesday ahead of the Federal Reserve's assessment of the economy and any plans for dealing with renewed weakness.

Wall Street cuts losses, S&P briefly positive

Stocks cut early losses and the S&P briefly turned positive on Wednesday, helped by strong results from economic bellwether FedEx Corp .

Wall Street opens lower ahead of Fed meeting

Stocks opened lower on Wednesday as investors were cautious about the direction the Federal Reserve would take to deal with renewed weakness in the economy.

FedEx profit rises, sees robust 2012

FedEx Corp reported a strong fourth-quarter profit on Wednesday despite fuel and economic challenges and forecast robust 2012 earnings, sending its shares up 3 percent in premarket trading.

Wall Street set for slightly lower open; Fed decision eyed

Stocks were set for a lower open on Wednesday as investors were cautious about the direction the Federal Reserve would take to deal with renewed weakness in the economy.

PIMCO's El-Erian predicts Greece, others will default

The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area deals with its debt crisis.

Stock futures dip on caution ahead of Fed statement

Stock index futures dipped on Wednesday as investors were cautious on what direction the Federal Reserve would take to deal with renewed weakness in the economy.

Talks with banks over Greek bailout begin: source

Talks between governments and private creditors about voluntary participation in a second bailout package for Greece will begin across the euro zone on Wednesday, a source in the German government said.

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