MARKETS / FINANCE

U.S. regulators are poised to expand oversight of the roughly $2 trillion hedge fund industry, with the U.S. Securities and Exchange Commission expected on Wednesday to adopt rules requiring private fund advisers to register with the agency.

The Federal Reserve will likely acknowledge 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.

FedEx Corp likely will report strong fourth-quarter and full-year earnings growth on Wednesday, even as high fuel prices and a faltering economic recovery pose challenges.

Greece's government will approve its new austerity package on Wednesday after it survived a confidence vote, clearing the first hurdle in a battle to secure emergency loans and avert the euro zone's first sovereign debt 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 faces a debt crisis.

Australia's government unveiled legislation on Wednesday to crack down on cybercrime in the wake of recent cyber attacks on multinational companies and institutions, from Google to the International Monetary Fund and the U.S. Senate.

British police arrested a 19-year-old man in England on suspicions that he was linked to cyber attacks on the CIA, Britain's anti-organized crime agency and Sony Corp.

Greece's embattled government survived a confidence vote on Wednesday that was crucial to avoiding a sovereign debt default as thousands of protesters chanted insults outside parliament

The Greek government won a vote of confidence early on Wednesday, overcoming a first hurdle in winning new financing to avoid bankruptcy.

The Lulz Security group of rogue hackers is threatening to steal classified information from governments, banks and other high-ranking establishments, in what would be an escalation of its cyber attacks.

AT&T Inc said its $39 billion plan to buy T-Mobile USA remains on track for approval in the first quarter of 2012.

Rambus Inc played dirty in the market for PC memory chips and blames its competitors for the consequences of its own failed technology, lawyers for Hynix Semiconductor Inc and Micron Technology Inc said in court.

Stocks posted gains for the fourth day on Tuesday on growing hopes that Greece will avoid a debt default, adding momentum to the market's recent rebound.

Adobe Systems Inc reported on Tuesday a 54 percent jump in quarterly net profit and held on to its sales growth target, but warned of weakness in demand for its applications in Europe.

Greece's embattled government on Wednesday survived a confidence vote crucial to avoiding a sovereign default, as thousands of protesters chanted insults outside parliament.

Stocks posted gains for the fourth day on Tuesday on growing hopes that Greece will avoid a debt default, adding momentum to the market's recent rebound.

On its face, Monday's ruling by the Court of Appeals for the Second Circuit in Barclays v. Theflyonthewall.com seems like a win for the folks who republish the news.

U.S. financial firms have been cutting staff dramatically this year, with more layoffs expected to come from Wall Street, according to a report on Tuesday.

Anglo Irish Bank Corp PLC has until the end of Wednesday to tell a U.S. judge why it should not have to pay off $200 million of bonds before it sells $10.3 billion worth of loans on U.S. commercial property.

Chinese manufacturers are set to take a significant bite out of the global market for short-haul planes by 2016, and will then catch up with Airbus and Boeing, the head of Europe's largest low-cost airline said on Tuesday.

More than 20,000 chanting protesters besieged the Greek parliament on Tuesday before Prime Minister George Papandreou's embattled government faced a confidence vote crucial to avoiding a sovereign default.

Rambus played dirty in the market for PC memory chips and blames its competitors for the consequences of its own bad choices, a lawyer for Hynix said in court.

Airbus dominated the Paris Air Show on Tuesday with a stream of new orders for its fuel-efficient A320neo and hammered out a long-awaited final deal with an Indian airline that will set a new record in terms of numbers of planes sold.

Sales of previously owned U.S. homes hit a six-month low in May and supply rose, pointing to a housing market still struggling to regain its footing.

JPMorgan Chase & Co said it agreed to pay $153.6 million to settle U.S. Securities and Exchange Commission charges that it misled investors about a mortgage securities transaction just as the nation's housing market was starting to plummet.

Sales of existing home sales were down 3.8 percent in May and the median price for a home continued to fall, the National Association of Realtors said on Tuesday.

When it comes to branding on the Internet, 2012 may be the dawn of a chaotic new era with companies and other groups expected to battle over suffixes like .cancer, .chocolate and just about .anything.

The risks of the U.S. losing its prized triple-A rating over the medium term have increased as the country faces a political impasse and nears its debt ceiling, Standard and Poor's said on Tuesday.

Stocks rose on Tuesday as expectations grew that a default of Greek debt could be avoided and sovereign risk in other euro zone countries could be contained.