Sales of U.S. new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of the market's recovery.
U.S. short-term interest rate futures traders pared bets that the Federal Reserve will start raising rates this year after the central bank left rates near zero and reiterated its promise to keep them there for an extended period.
Billionaire investor George Soros said on Wednesday European governments will have to cut services to bring down deficits, but the crisis has calmed.
Sales of new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of a recovery in the market.
Sales of new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of a recovery in the market.
The U.S. Federal Reserve gave a lukewarm economic assessment on Wednesday despite recent signs the recovery was strengthening, saying high unemployment still justified its $600 billion bond-buying program.
Two prominent media companies made successful debuts on the New York Stock Exchange on Wednesday, one giving hope to private equity firms looking to clear their books and one fueling talk of a new Web bubble.
The S&P 500 closed at a 29-month high on Wednesday led by gains in tech and commodity shares, as investors largely ignored the U.S. Federal Reserve's lukewarm economic assessment.
Xerox Corp issued a first-quarter profit forecast that was at the low end of Wall Street estimates and announced the retirement of its longtime finance chief, sending its shares down 8 percent.
U.S. stocks rose on Wednesday with the S&P 500 hitting a 29-month high, led by gains in commodity and tech shares after the U.S. Federal Reserve gave a lukewarm economic assessment.
Following is the Federal Open Market Committee's statement on interest rate policy issued at the close of its meeting on Wednesday:
The S&P 500 closed at a 29-month high on Wednesday, led by gains in commodity and technology shares, as investors largely ignored the U.S. Federal Reserve's lukewarm economic assessment.
Investors fearful that high-flying stocks may be set for a drubbing will be eyeing Netflix's earnings with their fingers on the sell button on Wednesday afternoon.
The S&P 500 closed at a 29-month high on Wednesday led by gains in tech and commodity shares, as investors largely ignored the U.S. Federal Reserve's lukewarm economic assessment.
Up to 10 companies in the hot clean tech sector will go public in multibillion dollar offerings this year and as many will be acquired in equally significant deals, VantagePoint Venture Partners Chief Executive Alan Salzman told Reuters.
Up to 10 companies in the hot clean tech sector will go public in multibillion dollar U.S. offerings this year and as many will be acquired in equally significant deals, VantagePoint Venture Partners Chief Executive Alan Salzman told Reuters.
It is realistic that the U.S. Treasury will sell all of its General Motors Co stock within a year, the Wall Street Journal reported on Wednesday, citing an unnamed Treasury official.
The S&P 500 closed at a 29-month high on Wednesday, led by gains in commodity and technology shares, as investors largely ignored the U.S. Federal Reserve's lukewarm economic assessment.
The price of Gold Bullion rallied from its lowest level since 28th Oct. early in London on Wednesday, but remained nearly $100 per ounce off Dec.'s all-time highs in what dealers called very quiet trade ahead of today's US Federal Reserve announcement on monetary policy.
Ventana Gold, a Canadian gold explorer operating in Colombia, has extended its poison pill takeover defense to Feb. 15, the same day a hostile takeover bid from Brazil's Eike Batista is set to expire.
Barclays Plc is to cut about 1,000 UK jobs as it stops offering financial planning advice in its branches, in further evidence the bank is sharpening the knife on areas of sluggish profitability.
The U.S. Federal Reserve gave a lukewarm economic assessment on Wednesday despite recent signs the recovery was strengthening, saying high unemployment still justified its $600 billion bond-buying program.
Sales of new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of a recovery in the market.
New single-family home sales raced to their highest level in eight months in December while prices were the highest since April 2008, raising cautious optimism for a housing market recovery.
New U.S. single-family home sales in December rose to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery.
New U.S. single-family home sales in December rose faster than expected to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery
New U.S. single-family home sales in December rose faster than expected to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery
The U.S. Treasury Department said on Wednesday that it will take in $312.21 million from the sale of two groups of warrants in Citigroup Inc .
Intel's acquisition of data security firm McAfee Inc cleared its last major hurdle after EU regulators approved the $7.68 billion deal on condition Intel grant rival firms access to its technology.
The U.S. Treasury Department said on Wednesday that it will take in $312.21 million from the sale of two groups of warrants in Citigroup Inc .
