The world's biggest video game publishers, in a surprise move after years of rocky relations with Nintendo, threw their weight behind the Japanese company's new Wii U console this week.
Republican lawmakers are playing with fire by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China's central bank said on Wednesday.
Securities and Exchange Commission Chairman Mary Schapiro said this week she will seriously consider issuing additional guidance outlining when public companies should disclose cybersecurity breaches.
Growth slowed in some U.S. regions during May as costlier food and energy as well as supply disruptions stemming from a major earthquake in Japan in March took a toll, the Federal Reserve said on Wednesday.
The euro zone edged closer on Wednesday to a compromise on a second Greek bailout package under which private creditors would be asked to swap their sovereign debt holdings for bonds with longer maturities.
Groupon Inc, the largest online coupon company, may be worth billions of dollars less than its recent initial public offering filing suggests, e-commerce analyst Sucharita Mulpuru estimated on Wednesday.
Stocks extended losses for the sixth straight day on Wednesday as investors worried that a slowing economy could deepen the market's retreat.
Stocks extended losses for the sixth straight day on Wednesday as investors worried that a slowing economy could deepen the market's retreat.
A default would have severe reverberations in global markets, a top Federal Reserve official said just hours after Fitch Ratings warned it could slash credit ratings if the government misses bond payments.
Sprint Nextel reduced its voting rights in Clearwire Corp to 49.8 percent from 54 percent, potentially giving it more flexibility to raise new debt or refinance existing debt.
Stocks extended losses for the sixth straight day on Wednesday as a bearish assessment of the economy from Federal Reserve Chairman Ben Bernanke kept investors nervous.
A U.S. default is the biggest risk facing the global economy, a top Federal Reserve official said just hours after Fitch Ratings warned it could slash U.S. credit ratings if the government delays bond payments.
Zynga Inc, which is preparing for an initial public offering, is said to favor selling just a small part of itself in its IPO, according to a report in Bloomberg.
U.S. Treasury bonds, seen worldwide as the risk-free investment, could be labeled junk if the government misses debt payments by August 15, credit agency Fitch Ratings warned on Wednesday.
It was a takeover attempt that fizzed out.
The United States probably wouldn't be able to maintain its prized AAA sovereign ratings status if it suffered even a technical default on its debt, Fitch Ratings said on Wednesday.
U.S. stocks slipped for the sixth straight day on Wednesday after Federal Reserve Chairman Ben Bernanke's assessment of the economy kept investors worried about the recovery.
Gold Prices go up when cash and bonds fail to beat inflation. It was true in the 1970s, and it's been true again in the last decade. But now, from here, what will Gold Prices do?
The wholesale market price of Gold Bullion continued to fall Wednesday morning, hitting $1533 per ounce - a 0.6% loss on the week - while stocks and commodities fell and US Treasuries rose following a speech on Tuesday by Federal Reserve chairman Ben Bernanke.
The United States probably wouldn't be able to maintain its prized AAA sovereign ratings status if it suffered even a technical default on its debt, Fitch Ratings said on Wednesday.
U.S. stocks slipped for the sixth straight day on Wednesday after Federal Reserve Chairman Ben Bernanke's assessment of the economy kept investors worried about the recovery.
Applications for home mortgages eased last week, although demand for refinancing improved as interest rates edged down, an industry group said on Wednesday.
The euro zone edged closer on Wednesday to a compromise on a second Greek bailout package under which private creditors would be asked to swap their sovereign debt holdings for bonds with longer maturities.
Stocks mostly fell on Wednesday in a sixth day of losses as investors worried about the bleak economic outlook and technical market indicators pointed to more weakness ahead.
Stocks opened mostly flat on Wednesday, following five straight days of losses as investors continued to fret about the economic outlook.
Citigroup
has agreed to sell a portfolio of private equity assets to AXA Private Equity for $1.7 billion, the French insurer said on Wednesday, the latest move by the U.S. bank to unload non-core assets.Tencent Holdings, China's most valuable Internet company, said on Wednesday it has invested into a fund that will support early-stage Chinese Internet firms.
Stock index futures fell on Wednesday, pointing to a sixth day of losses in an enduring downtrend as investors worry about the bleak economic outlook and technical market indicators point to more weakness ahead.
Germany has put a Greek restructuring back on the table, demanding in a letter to its EU partners that private bond holders make a major contribution to a looming debt relief deal for the struggling euro zone member.
Apple could leverage its data center to offer mobile application hosting and cloud infrastructure services to application developers, enterprises and advertisers.
