Activision Blizzard Inc's first-quarter outlook missed Wall Street expectations and it will shut down the unit that makes Guitar Hero music games, sending its shares down more than 7 percent.
Asian stock markets fell on Thursday, while the dollar struggled to make much headway after the U.S. central bank chief signaled the recovery in the world's biggest economy was still fragile and warned against sharp spending cuts.
The U.S. government should only back home loans as a last resort in times of economic stress and should explicitly charge for that support, Federal Reserve Board Chairman Ben Bernanke said on Wednesday.
Federal Reserve Chairman Ben Bernanke on Wednesday warned against sharp cuts in spending at a time when the economic recovery is still fragile enough to require extraordinary support from the central bank.
Influential venture capital outfit Andreessen Horowitz has invested $80 million in microblogging phenomenon Twitter, adding to its growing portfolio of social Web names.
The Securities and Exchange Commission is investigating whether exchange-traded funds are being used to hide insider trading, according to the Financial Times.
The U.S. economy may not need further help from the Federal Reserve when its $600 billion stimulus plan runs out in June, but that decision will hinge on the path of the economy, a top Fed official said on Wednesday.
Activision Blizzard Inc's first-quarter outlook missed Wall Street expectations and it said it would disband the unit that makes Guitar Hero music games, sending its shares down 8 percent.
The U.S. Federal Reserve's recent bond purchases have had a helpful effect on financial conditions, with the rise in long-term interest rates largely due to economic optimism, a senior Fed official said on Wednesday.
U.S. securities regulators moved to scale back market reliance on credit rating agencies, after the financial crisis laid bare the industry's shortcomings.
The Federal Reserve may give U.S. banks insight into whether it will scale back its proposed crackdown on debit card processing fees, when a top official testifies before a congressional panel next week.
A bid by the London Stock Exchange to take over TMX Group, operator of the Toronto Stock Exchange, resurrects the debate on whether Canada is really open for global business, or if regulatory and political hurdles are set to wreck another high-profile deal.
Deutsche Boerse is in advanced talks to buy NYSE Euronext in a deal that would create the world's largest trading powerhouse and put a bastion of American capitalism into foreign hands.
Activision Blizzard Inc's first-quarter outlook was below Wall Street expectations and it said would disband the unit that makes Guitar Hero music games, sending its shares down 8 percent.
Gold was little changed on Wednesday as the market was underpinned by a dollar drop and Federal Reserve Chairman Ben Bernanke's comment that he had no plans to scrap a massive bond-buying program, indicating interest rates will not rise any time soon.
Investors took profits after a recent rise in U.S. stocks on Wednesday but a late-hour rally in Bank of America shares helped the Dow squeeze out its eighth straight day of gains.
Wall Street edged lower on Wednesday as investors booked profits after stocks hit new 2 1/2-year highs, but strong earnings made it likely the market would continue an upward trend.
Microsoft Corp named veteran insider and expert engineer Satya Nadella as the head of its $15 billion server and tools business, as it looks to revitalize its push into cloud computing.
Treasury Secretary Timothy Geithner on Wednesday strongly pitched increased bipartisan cooperation among lawmakers as vital for building business and market confidence in the economy's growth.
Deutsche Boerse is in advanced merger talks with NYSE Euronext , two people familiar with the matter said, the day's second big piece of bourse merger news.
Investors took profits on recent gains in U.S. stocks on Wednesday, but a last-minute rise in Bank of America helped lift the Dow to its eighth straight day of gains.
Deutsche Boerse is in talks to tie up with peer NYSE Euronext , two people familiar with the matter said after trading in the two companies' shares was halted amid heavy speculation about a team-up.
The following are highlights from Federal Reserve Chairman Ben Bernanke's testimony on the economy to the House Budget Committee on Wednesday.
When competitors shut down payments to WikiLeaks after the controversial website released a slew of sensitive U.S. diplomatic cables, Sharif Alexandre refused to join the boycott. The Egyptian-born entrepreneur and founder of Xipwire - a Philadelphia-based mobile payments startup - stood opposed to PayPal and Amazon and let customers continue making donations via cellphones.
A bid by the London Stock Exchange to take over TMX Group, operator of the Toronto Stock Exchange, reopens the debate on whether Canada is really open for global business, or if regulatory and political hurdles are set to wreck another high-profile deal.
Stocks slipped on Wednesday as a five-month rally that pushed the market to a new 2 1/2-year high started to shows signs of fatigue.
India plans to award an $11 billion fighter jet contract by the end of March 2012, its defense minister said, as manufacturers at India's airshow vied to boost their share of a fast-growing military hardware market.
Federal Reserve Chairman Ben Bernanke on Wednesday suggested U.S. economic conditions are still too weak for the central bank to pull back on its vast monetary stimulus, despite a welcome drop in the jobless rate.
U.S. stocks edged lower on Wednesday as investors pulled back following a five-month rally that pushed the market to 2-1/2-year highs.
JPMorgan Chase & Co accused the trustee seeking $6.4 billion for victims of Bernard Madoff's Ponzi scheme of doing an end run around the law in pursuing his case, and said it has a right to a jury trial.
