China's to speed FX reform, allow freer yuan trade: Wen
China will intensify reforms of its currency regime and allow the yuan to float more freely, Premier Wen Jiabao said on Wednesday at the end of an annual parliament session punctuated by signs of a slowing economy.
Solar power growth jumps to new record
The national solar industry installed a record number of panels in 2011, more than double 2010, and is likely to see strong growth again this year, according to a new report.
CBO cuts cost estimate for Obama healthcare law
The estimated net costs of expanding healthcare coverage under President Barack Obama's landmark restructuring have been reduced by $48 billion through 2021, though fewer people would be covered under private insurance plans, a new analysis from the nonpartisan Congressional Budget Office showed on Tuesday.
China to step-up FX reform, allow freer yuan trade: Wen
China will intensify reforms of its currency regime and allow the yuan to float more freely, Premier Wen Jiabao said on Wednesday at the end of an annual parliament session punctuated by signs of a slowing economy.
Japan government to work with BOJ to revive economy
Japan's top government spokesman said on Wednesday the government will continue to work with the Bank of Japan to beat deflation and revive the economy.
Exclusive: Peru's Merino to push for payment of defaulted bonds
Beatriz Merino, arguably the most respected public figure in Peru, is taking on a new role as the advocate for holders of the country's infamous land bonds who want the government to finally pay billions of dollars in old debts.
Disney CEO Iger adds chairman role
Walt Disney Co Chief Executive Bob Iger added the post of chairman on Tuesday despite objections from a governance group and state treasurer about the dual roles.
Jury convicts AU Optronics of LCD price-fixing
A U.S. jury found AU Optronics Corp guilty of criminal price-fixing in a case in which the Taiwan-based electronics company was accused of conspiring with other manufacturers of liquid crystal display panels.
Watch out Facebook, Twitter. Here comes Pinterest
Christina Gomez has carefully displayed her dream cribs, rockers and mobiles on Pinterest, the increasingly popular online bulletin board. Never mind that she doesn't have a baby.
US jury convicts AU Optronics of LCD price-fixing
A U.S. jury found AU Optronics Corp guilty of criminal price-fixing in a case in which the Taiwan-based electronics company was accused of conspiring with other manufacturers of liquid crystal display panels.
SEC charges five with insider trading from AA tip
Securities regulators charged two Ameriprise Financial advisers and three others with insider-trading, saying they made $1.8 million in illicit profits based on confidential merger information one of the advisers learned through an Alcoholics Anonymous relationship.
EADS' Astrium interested in U.S. digital imagery firms
Europe's leading space company, Astrium, is generally interested in acquiring one of two U.S. digital imagery providers, GeoEye Inc or DigitalGlobe Inc , and would look carefully at a deal if the price was affordable, a top Astrium executive told Reuters on Tuesday.
BBC suffers cyber-attack following Iran campaign
The BBC has suffered a sophisticated cyber-attack following a campaign by Iranian authorities against its Persian service, director-general Mark Thompson said on Wednesday.
Oracle trial against Google set for April
A U.S. judge scheduled a trial between Oracle Corp and Google Inc for April 16, 2012, over claims Google violated Oracle's intellectual property rights relating to the Java programming language, according to a ruling on Tuesday.
U.S. judge sets Oracle trial against Google for April
A U.S. judge scheduled a trial between Oracle Corp and Google Inc for April 16, 2012, over claims Google violated Oracle's intellectual property rights relating to the Java programming language, according to a ruling on Tuesday.
FTC questions tech companies on Google practices: Bloomberg
Antitrust regulators investigating Google for potential antitrust violations have asked Apple Inc how it incorporates Google search on its iPad and iPhone, Bloomberg reported citing two people familiar with the matter.
Facebook touts success in revamped pages for brands
Facebook's efforts to make its social network a friendlier place for businesses and popular brands are off to a strong start, the company said.
Fed gives high marks in bank stress tests results
Most of the largest banks passed their annual stress test, the Federal Reserve revealed in an earlier-than-expected release of the results, after JPMorgan Chase pulled the trigger on announcing its glowing marks and helped lift the stock market.
Most Americans back 'Buffett tax': Reuters/Ipsos
Nearly two-thirds of Americans support imposing a minimum tax rate of 30 percent on those who earn $1 million or more a year, according to Reuters/Ipsos poll results released on Tuesday.
Intel's supply chain chief says ready for mobile
Intel's manufacturing whiz and new chief operating officer, Brian Krzanich, says he has fine-tuned his supply chain to meet expected demand for chips for smartphones and tablets.
Wall Street rallies in 2012's best day, Citi falls late
The stock market posted its best day this year, with Tuesday's late spark coming from JPMorgan Chase & Co after the bank announced it will raise its dividend.
Watchdog says banks impeded foreclosure inquiry
Top banks impeded a federal inquiry into their foreclosure processes, according to a report released Tuesday, dragging their feet on turning over documents and blocking investigators' attempts to interview bank employees.
Fed says top banks fared well in stress tests
The majority of the largest banks will continue to have enough capital to satisfy regulators, even if they suffer a financial shock that includes unemployment hitting 13 percent and a 21 percent drop in housing prices, the Federal Reserve said on Tuesday.
Wall Street scores best day this year as banks soar
The stock market posted its best day this year, with Tuesday's late spark coming from JPMorgan Chase & Co after the bank announced it will raise its dividend.
Boeing wins contract for all-electric satellites
Boeing Co on Tuesday announced a four-satellite contract for a new small platform version of its 702 satellite that will be powered solely by electric motors - a technology breakthrough that Boeing said would help reduce costs in the highly competitive satellite market.
JPMorgan passes stress test; divi rise, buybacks okayed
JPMorgan Chase & Co became the first bank on Tuesday to say regulators have completed stress tests of its balance sheet and approved a dividend increase and stock buybacks.
Banks lead Wall Street to multi-year highs
The major stock indexes closed at multi-year highs on Tuesday, with a late spark coming from JPMorgan after the bank announced it will raise its dividend and repurchase stock.
Cruise line chiefs defensive, optimistic after accident
In their first major industry gathering since the deadly Costa Concordia accident, cruise line chief executives defended their overall safety record on Tuesday and said they were confident of better days ahead.
Savings low, worry high among workers: report
Workers are saving less, worrying more and may be unrealistic about their ability to work as long as they think necessary to afford retirement, according to a major national survey released on Tuesday.
Rise in retail sales points to healthy consumer
U.S. retail sales posted their largest gain in five months in February, with Americans feeling confident enough to buy more cars and other goods even as they paid more for gasoline.