The high unemployment rate means the Fed's ultra-easy money policies remain the right course of action, top Federal Reserve officials said on Wednesday.
Three academics say there was a bubble in LinkedIn Corp's shares during the first four days of its trading, which they have determined definitively using a model they designed.
Alibaba founder Jack Ma didn't shed new light on his negotiations with Yahoo Inc and Softbank during an appearance at a conference on Wednesday, but he did offer some unexpected advice for Yahoo.
Google Inc has yet to agree with authors and publishers on a legal plan to create the world's largest digital library, and a federal judge who struck down an earlier accord gave it another seven weeks to try.
A New York judge dismissed part of a lawsuit brought by bond insurer MBIA against Credit Suisse , and rejected MBIA's request for punitive damages in the case.
U.S. companies hired far fewer workers than expected in May and output in the manufacturing sector slowed to its lowest level since 2009, adding to concerns that the U.S. recovery is running out of steam.
Online coupon service Groupon and online travel agency Expedia Inc have created a website to offer people travel deals and to let travel suppliers expose their brands to shoppers.
Wall Street ended a four-day rally with its worst session since August on Wednesday and could suffer more losses in coming days as investors faced more signs the economic recovery is fading.
U.S. companies hired far fewer workers than expected in May and output in the manufacturing sector slowed to its lowest level since 2009, adding to concerns that the U.S. recovery is running out of steam.
More than 80 percent of the companies that advertise on Twitter renew their marketing efforts on the microblogging service, the company's chief executive said on Wednesday.
NYSE Euronext's bid for European clearinghouse LCH.Clearnet would give Markit a majority stake and control of the lucrative over-the-counter swaps business, a source familiar with the plan said on Wednesday.
Sprint Nextel Corp is close to completing a $2 billion-a-year network sharing agreement with hedge fund billionaire Phil Falcone's LightSquared telecommunications venture, sources familiar with the matter said on Wednesday.
UBS AG's global co-head of M&A, Cary Kochman, is among four senior bankers to leave the Swiss bank on Wednesday, dealing yet another blow to a firm grappling with an exodus of dealmakers.
High unemployment is not a quickly resolvable problem, but April's job gains show the economic recovery is on a firmer footing, a top Federal Reserve policymaker said on Wednesday.
U.S. companies hired far fewer workers than expected in May and output in the manufacturing sector slowed to its lowest level since 2009, adding to concerns that the U.S. recovery is running out of steam.
U.S. stocks slumped more than 1 percent in their worst day in more than two months on Wednesday after data that pointed to an economy running out of steam.
Greece should complete talks by the end of the week with EU and IMF inspectors on a medium-term budget plan plus a vital next slice of international aid, sources close to the negotiations said on Wednesday.
Two of top UBS AG investment bankers, Cary Kochman and Jim Glerum, have left the firm to join Citigroup , yet another blow to the investment bank grappling with an exodus of senior dealmakers.
A settlement between a coalition of federal and state agencies and banks over foreclosure practices will take longer to hammer out than many expect, Bank of America Corp Chief Executive Brian Moynihan said on Wednesday.
Factory activity growth slowed in May to its lowest level since September 2009, suggesting a loss of momentum in the economy in the second quarter, according to the Institute for Supply Management.
A European Central Bank policymaker said a voluntary deal for investors to keep renewing their Greek debt holdings might be acceptable, raising hopes on Wednesday for a deal to prevent a default by Greece.
Stocks skidded on Wednesday as more weak economic data cemented fears the U.S. recovery was running out of steam and prompted Wall Street firms to slash forecasts ahead of the closely watched payrolls report on Friday.
Marathon Oil Corp will buy oil and gas properties in Texas' Eagle Ford shale field $3.5 billion from private equity firm KKR and Hilcorp Resources Holdings LP, the companies said on Wednesday.
The pace of growth in the manufacturing sector slowed more than expected to its lowest level in more than 1-1/2 years, according to an industry report released on Wednesday.
Greece has to cut through a thicket of outdated regulations and labor laws if its ambitious privatisation drive is to raise anything near the sums needed to avoid default and jump-start its ailing economy.
SAC Capital Advisors LP faces an insider trading probe from the U.S. Securities and Exchange Commission related to the $15 billion takeover of biotechnology firm MedImmune Inc, the Wall Street Journal reported, citing people familiar with the matter.
Dollar General Corp missed Wall Street profit expectations after taking markdowns to clear slow-selling apparel out of its stores, sending shares down about 5 percent.
Stocks fell on Wednesday as another round of weak economic data cast doubts on the strength of an economic recovery.
German Chancellor Angela Merkel said on Wednesday the stability of the euro was paramount but her government will only decide how to handle the Greek situation after a team of inspectors make their report.
Germany expects the European Union and the International Monetary Fund to remain involved jointly in any continued aid program for debt-laden Greece, a finance ministry spokesman said on Wednesday. The comments contradict an earlier report in the Frankfurter Allgemeine Zeitung newspaper which had said it appeared certain the IMF would not contribute its share of the next tranche of aid under Greec...
