LinkedIn sold shares at the top of an already raised price range in its initial public offering on Wednesday, signaling that stock investors are eager to buy shares of social networking companies even if valuations are lofty.
Japan's economy shrank in the first quarter at nearly double the pace expected, effectively slipping into recession as the devastating earthquake in March hit business spending and private consumption.
Chrysler Group LLC plans to repay about $7.5 billion in U.S. and Canadian government loans on May 24 to strengthen the automaker's financial position, a person familiar with the matter said on Wednesday.
Deutsche Bank Chief Executive Josef Ackermann will appear in a Munich court on Thursday to testify in one of the lawsuits brought against the bank by fallen German media mogul Leo Kirch.
Most Federal Reserve officials prefer to raise benchmark interest rates before selling assets when the time comes to tighten policy, minutes of their April meeting showed on Wednesday.
Macy's Inc regained its investment grade debt rating on Wednesday from Standard & Poor's, which cited the retailer's robust performance, with results ahead of peers.
A defense lawyer channeling Donald Trump, an informant dubbed Gossip Queen and a secret stash of cash.
Citigroup Inc has awarded Chief Executive Vikram Pandit over $16.6 million in deferred compensation plus stock options as a retention bonus, a far cry from the $1 salary he took in response to the financial crisis.
Wall Street snapped its three-day losing streak on Wednesday thanks to a rebound in commodity prices and Dell's strong earnings, but investors say stocks still face headwinds.
The following are the Federal Reserve's staff forecasts as contained in the minutes of recent Federal Open Market Committee meetings:
Sony Corp said it discovered a security flaw on one of the websites set up to help the 77 million users affected by April's massive data breach reset their passwords.
Sony Corp has shut down a website set up to help millions of users affected by April's massive data breach after finding a security hole.
LinkedIn is due to sell some $341 million of shares to the public later on Wednesday, and the intense demand for the stock so far could be a good indicator of how investors will receive IPOs from other social media companies like Facebook.
Trade judges on Wednesday partially overturned a ruling that had accused EU states of giving Airbus illegal subsidies, but said the aircraft maker did receive billions of dollars of unfair aid that harmed Boeing.
A rebound in commodity prices lifted energy and materials shares on Wednesday, while strong earnings from Dell Inc helped the technology sector as Wall Street found some respite from its recent slide.
A former Galleon hedge fund trader on trial for insider trading waded into the river of gossip of Wall Street for tips and speculation, not secrets leaked by corporate lawyers as the government charges, his lawyer told a jury on Wednesday.
The IMF warned Greece on Wednesday that it would fail to shore up its finances unless it redoubled reform efforts, and euro zone officials dismissed suggestions that a mild debt restructuring might help.
Morgan Stanley Chief Executive James Gorman is concerned that regulators may force large banks to hold too much capital, a move that banks worry would crimp profits.
U.S. crude oil and gasoline stocks were little changed last week and distillates fell, as oil imports decreased and refinery utilization increased, according to a weekly report from the Energy Information Administration on Wednesday.
Brent crude futures extended gains to more than $2 on Wednesday, but in choppy trading, after a weekly government report showed crude stocks fell slightly in the United States last week as refinery utilization rose.
Hershey Co Chief Executive David West is leaving the chocolate maker to take a position with another company, the second unexpected CEO departure at Hershey in less than four years.
Clearwire Corp has chosen Ericsson to take over management of its high-speed wireless network, the service provider said on Wednesday.
Stocks advanced on Wednesday, lifted by energy and materials shares as commodity prices rebounded before the Federal Reserve's release of its assessment of the economy later in the session.
Trader Glencore is set to price its record $11 billion market debut in the middle of its initial range, balancing appetite for its shares with concerns from some investors over valuation, sources familiar with the matter said.
The IMF warned Greece on Wednesday it must redouble reform efforts to avoid derailing its fiscal program, key to dealing with a huge debt mountain.
Hershey Co Chief Executive David West is leaving chocolate bars for Del Monte canned vegetables and cat food, the second unexpected CEO departure at Hershey in less than four years.
Stocks were little changed on Wednesday with investors hesitant to make bets before the Federal Reserve's assessment of the economy later in the day.
The IMF warned Greece on Wednesday that a drive to shore up its troubled finances would fail unless Athens redoubled its reform efforts, and the ECB hit back at suggestions a debt restructuring might be the solution.
Stock index futures were little changed on Wednesday as investors turned cautious before news from the Federal Reserve, offsetting gains in computer maker Dell and a rebound in commodity prices.
The IMF warned Greece on Wednesday it must redouble reform efforts to avoid derailing its fiscal program, key to dealing with a huge debt mountain.
