Deutsche Bank changes legal status of U.S. unit
Germany's Deutsche Bank AG changed the legal status of its main U.S. subsidiary, Taunus Corp, as a way to avoid injecting billions of dollars of capital into the unit by 2015.
HP creates PC-printing power, Wall Street waits and sees
SAN FRANCISCO, March 21 - Hewlett Packard Co will merge its printer and PC businesses, combining two of its largest divisions as Chief Executive Meg Whitman tries to jumpstart growth at the technology company.
Digital skills shortage leaves EU youth a step behind
European policy makers have identified a large shortfall in computing and IT skills among young people that threatens to dent Europe's ability to compete and could exacerbate youth unemployment in the coming decade.
Greece Unveils Details Of Bond Swap Advisers' Pay
Greece unveiled details of payments to its two main debt restructuring advisers late on Wednesday to knock down a local website report that they had received 74 million euros.
Allen Stanford seeks new trial, blames Twitter
Allen Stanford, the financier convicted of running an estimated $7 billion Ponzi scheme, has asked for a new trial, citing the media's use of Twitter in the courtroom and a lack of time to prepare his defense.
Home sales show strength, prices rise
Home sales fell in February, but upward revisions to the prior month's pace and the first yearly increase in prices in 15 months pointed to steady improvement in the housing market.
Starbucks adding energy drinks, factory jobs
Starbucks Corp is expanding into the fast-growing energy drink category and plans to add manufacturing jobs in the United States, the world's biggest coffee chain said on Wednesday.
Exclusive: Developing nations to name 2 candidates for World Bank
Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday.
Zynga buys OMGPOP games company
Zynga Inc is buying OMGPOP, maker of the popular game Draw Something for an undisclosed sum, as the company moves to expand its games lineup on mobile devices and Facebook.
Brazil charges Chevron with crimes over oil spill
A Brazilian federal prosecutor filed criminal charges against U.S. oil company Chevron and drill-rig operator Transocean for a November oil spill off the coast of Rio de Janeiro, the prosecutor's office said in a statement on Wednesday.
HP to merge printer, PC businesses
SAN FRANCISCO, March 21 - Hewlett Packard Co will merge its printer and PC businesses, combining two of its largest divisions as Chief Executive Meg Whitman tries to jump-start growth at the technology company.
Wall Street shows signs of fatigue after long run-up
Stocks struggled on Wednesday to rise above recent highs, hampered by losses in risk-associated sectors like energy and financials.
BofA sells more European credit cards to Apollo
Apollo Global Management LLC said on Wednesday it was doubling down on Bank of America Corp's European assets, agreeing to buy its Irish consumer credit card portfolio after acquiring its Spanish credit card unit last summer.
Home sales show underlying strength, prices rise
U.S. home sales fell in February, but upward revisions to the prior month's pace and the first yearly increase in prices in 15 months suggested the housing market recovery remained on track.
Chevron: Brazil oil seep different from old spill
Chevron, the No. 2 U.S. oil company said on Wednesday that oil from a new seabed seep at its Brazilian offshore field is chemically different to crude from a November spill, and that the two leaks are unrelated.
Apple's iPad throws off much more heat: tests
Apple Inc's new iPad throws off a lot more heat than the previous version, lending weight to complaints on Internet forums that the hot-selling tablet computer could get uncomfortably warm after heavy use, an influential consumer watchdog found after running tests.
Wall Street struggles to rise above recent highs
Stocks struggled on Wednesday to rise above recent highs, hampered by losses in risk-associated sectors like energy and financials.
Home resales fall in February, inventories rise
Home resales unexpectedly fell in February and the supply of properties on the market rose, underscoring the many hurdles for the housing recovery.
Developing nations to name two candidates for World Bank
Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday.
Wall Street edges lower after housing data
Stocks edged lower on Wednesday after worse-than-expected housing market data for February and a soft outlook from oilfield services company Baker Hughes Inc.
Buffett millionaires tax to raise $47 billion: report
A proposed 30 percent minimum tax on millionaires backed by President Barack Obama - dubbed the Buffett tax after investor Warren Buffett who supports it - would raise about $47 billion over a decade, according to a congressional report.
Wal-Mart to offer Angry Birds merchandise, clues
The maker of the hit mobile game Angry Birds has struck a deal with Wal-Mart Stores Inc to embed clues to a new version of the game in merchandise sold in Walmart stores, hoping to lure Angry Birds fans through the doors and shoppers to the game.
Hedge fund Third Point files Yahoo board challenge
Activist hedge fund Third Point on Wednesday filed a proxy statement with regulators seeking to install its own slate of directors on Yahoo Inc's board after criticizing the Internet company's recent appointees to the board.
Wall Street opens flat, Oracle gains
Stocks opened little changed on Wednesday as investors awaited data on the housing market a day after the S&P 500 snapped a three-day winning streak.
Wall Street to edge higher at open, housing data on tap
U.S. stocks were poised for a slightly higher open on Wednesday ahead of data on the housing market a day after the S&P 500 snapped a three-day winning streak.
Chrome wins weekend browser battle with IE: report
Google Inc's Chrome web browser overtook Microsoft Corp's Internet Explorer to become market leader globally for the first time last Sunday, web analytics firm StatCounter said on Wednesday.
Chevron says Brazil leak different from old spill
Chevron, the No. 2 U.S. oil company, said Wednesday that oil from the latest leak in a Brazilian offshore field was not chemically related to oil from a November spill.
Generali targets 5 billion euro operating profit after weak 2011
Generali , Europe's No.3 insurer, is targeting operating profit of more than 5 billion euros ($6.6 billion) in the mid term as it sees no repeat of the dramatic market shocks that prompted big writedowns in the past year.
General Mills profit dips as commodity costs rise
General Mills Inc posted a quarterly profit in line with Wall Street expectations and stood by its lowered full-year forecast as it faces higher costs for raw materials.
Stock futures edge up ahead of data; Oracle advances
U.S. stock index futures rose on Wednesday ahead of data on the housing market a day after the S&P 500 snapped a three-day winning streak.