U.S. stocks rose on Wednesday after estimate-beating results from technology bellwether Dell and a deal for Sanofi-Aventis to buy Genzyme for $20.1 billion in cash.
China's Internet controls, under challenge again from Washington, may face an even tougher time from the 125 million Chinese people who have embraced online microblogs to gossip, rant and mobilize.
Telecom operators may be discouraged from offering phones from the new Nokia-Microsoft pact if the two groups adopt a closed system akin to Apple Inc's iPhone, an Orange executive told Reuters.
Stock index futures rose on Wednesday after estimate-beating results from Dell and a deal for Sanofi-Aventis to buy Genzyme for $20.1 billion in cash.
U.S. core producer prices in January rose to their highest rate in more than two years, hinting at a build up in inflation pressures as the recovery gathers pace, a potentially troubling development for the Federal Reserve.
U.S. housing starts rose more than expected in January to their highest rate in four months but permits for future home construction dropped sharply after hefty gains the prior month, according to a government report on Wednesday that showed the housing market still bouncing along the bottom.
Borders Group Inc , the second-largest U.S. bookstore chain, filed for Chapter 11 bankruptcy protection, after years of sharp sales declines that made it impossible to manage its crushing debt load.
More and more investors are flocking to silver, sensing an opportunity. Mark Thomas of the Silver Shortage Report wrote on Tuesday that Soros Fund management has made an investment in Pan American Silver (PAAS).
Profits at French bank Societe Generale nearly quadrupled in the final quarter of last year, thanks to a pick-up in its retail banking and core equities derivatives businesses, it said on Wednesday.
The number of unemployed people in the UK rose by 44,000 to 2.49 million in the last quarter of 2010, the Office for National Statistics (ONS) said on Wednesday.
Global stocks rose on Wednesday on optimism about a strong outlook for corporate earnings, while expectations for higher interest rates in the UK lifted sterling and the euro gained against the dollar on sovereign demand.
Market activity since the start of 2011 has improved from the fourth quarter 2010, which was hit by the rescue of Ireland and sovereign debt fears, French bank Societe Generale's deputy chief executive told Reuters Insider television.
Emerging markets focused lender, Standard Chartered Bank <2888.HK>, has shuttered its global loans trading unit, sources familiar with the matter told Reuters on Wednesday, ending a unique experiment in Asia, as it moves to focus on lending to clients.
Investors in Diamondback Capital Management, one of four hedge funds raided by federal authorities last year as part of an insider trading probe, have asked to pull more than $1 billion from the firm, a source familiar with the fund's communications to clients said on Tuesday.
NEW YORK - Major League Gaming, the largest professional competitive video game league, will be expanding to new markets outside North America thanks to a new partnership with IMG, the global sports and entertainment company.
A frail Bernard Madoff, facing the rest of his life in prison, said a variety of banks and hedge funds were complicit in and had to know about his epic Ponzi scheme before it was uncovered, The New York Times reported.
JPMorgan Chase & Co Chief Executive Jamie Dimon said his bank will not be goaded into doing something dumb with its capital, even as it prepares an aggressive expansion in consumer and private banking over the next five years.
A key congressional panel charged with overseeing financial matters plans to question Fannie Mae and Freddie Mac executives over their multimillion-dollar compensation packages paid for by U.S. taxpayers.
A former JPMorgan Chase & Co private banker has filed a new whistleblower complaint against the bank, saying it ignored many red flags about a suspicious client even after the fraud of another client, Bernard Madoff, was exposed.
The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions in taxpayer dollars to pay legal bills for former executives accused of fraud.
Treasury Secretary Timothy Geithner said on Tuesday the United States needs to shore up its massive pension program without slashing Social Security benefits or subjecting them to the whims of the stock market.
Google tried hard to win Nokia over to its Android mobile platform before Nokia decided to throw its lot in with Microsoft, Google Chief Executive Eric Schmidt said.
Deutsche Boerse faces a long, hard struggle to get approvals from a host of regulators for its $10.2-billion takeover of NYSE Euronext to form the world's largest exchange operator.
The United States hopes the Group of 20 meeting in Paris this weekend will begin coming to grips with how to handle rapid flows of capital that stoke inflation and cause currency rate disruptions, a Treasury official said on Tuesday.
EBay Inc said on Tuesday that its mobile shopping application would be pre-loaded onto smartphones sold by Telefonica's 02 unit in the United Kingdom.
Dell Inc's quarterly earnings and margins blew past Wall Street's expectations as component costs slid and corporations replaced aging technology, propelling its shares 6 percent higher.
China, Syria and others face a dictator's dilemma over Internet control and risk being left behind as the rest of the world embraces new technologies, Secretary of State Hillary Clinton said on Tuesday.
Treasury Secretary Timothy Geithner said on Tuesday the United States needs to put its massive pension program on a sounder footing but vowed to reject efforts to slash Social Security benefits and subject them to the whims of the stock market.
Wall Street ended lower on Tuesday, weighed by energy and technology shares after a batch of lackluster economic data.
Treasury Secretary Timothy Geithner said on Tuesday the country needs to put its massive pension program on a sounder footing but rejected plans that would slash pension benefits and subject them to the whims of the stock market.
