Microsoft files E.U. complaint over Google, Motorola
Microsoft has asked EU antitrust regulators to intervene in a patent dispute with Google and Motorola Mobility as it stepped up its battle against the Internet search giant.
Goldman sees value in alternative asset managers
Goldman Sachs said fundraising across alternative asset classes, particularly credit and real estate, remains robust in a low-rate, low-risk world, and sees more value in the stocks of asset managers that have a diverse mix.
Greece rushes to pass bailout laws amid protests
Thousands of protesters angry at punishing spending cuts poured into Athens' central Syntagma Square on Wednesday as Greek lawmakers rushed to pass laws needed to secure payment of a second bailout for the debt-laden country.
Netflix Shares Tumble on Comcast Streaming Announcement
Shares of Los Gatos, Calif.-based Netflix were down more than 4 percent Wednesday following a day earlier announcement that Comcast was jumping into the online streaming foray.
Peugeot and GM in alliance talks: sources
General Motors and PSA Peugeot Citroen are discussing a manufacturing alliance designed to stem losses in Europe and reduce production costs elsewhere, sources with knowledge of the matter said.
Aimed at banks, Volcker Rule hits unlikely targets
Some public agencies that rely on the municipal bond market for financing fear that a landmark financial reform rule will cripple their ability to sell bonds and make it more expensive to raise money for crucial services.
Consumer Financial Protection Bureau Probes Overdraft Fees
The Consumer Financial Protection Bureau said Wednesday it is asking banks about overdraft fees for checking accounts and the effect they have on consumers.
Swiss take steps to clean up tax-haven image
Switzerland announced plans on Wednesday to force banks to do more to make sure foreign clients' money is taxed in an attempt to shake off its past as a haven for untaxed funds as it seeks to put an end to a damaging U.S. tax probe.
Wall Street flat after housing data; S&P near key level
Stocks were little changed on Wednesday as an encouraging U.S. housing report offset soft euro zone data, while the S&P 500 struggled to break through a high not seen since last May.
Fitch downgrades Greece on debt swap plan
Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.
Garmin smashes estimates as PND revenue growth returns
Garmin Ltd reported a rise in revenue from personal navigation devices for the first time in several quarters, helping it smash analysts' expectations.
Rise in identity fraud tied to smartphone use
Nearly 12 million Americans were victims of identity theft in 2011, an increase of 13 percent over 2010, according to a report released on Wednesday by the research firm Javelin Strategy & Research.
US STOCKS-Wall St opens slightly lower
U.S. stocks opened slightly lower on Wednesday, putting the S&P 500's three-day winning streak in jeopardy after weaker-than-expected euro zone economic data.
France Telecom takes knife to dividend
France Telecom is cutting its dividend and putting off a promised share buyback to conserve cash in the face of brutal competition from a new mobile player and Europe's ongoing debt crisis.
Euro zone teetering on brink of recession
The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week.
Wall Street to open slightly down; housing data on tap
Wall Street stocks were poised for a modestly lower open on Wednesday, putting the three-day winning streak for the S&P 500 in jeopardy after weaker-than-expected euro zone economic data and ahead of a report on the U.S. housing market.
U.S. mortgage applications sagged last week: MBA
Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.
EU to refer global copyright treaty to European court
The European Union's executive said on Wednesday it would refer a disputed global anti-piracy agreement to the bloc's highest court, to see whether it complied with the EU's fundamental rights.
Unions to protest cuts, Greece debates more measures
Greek unions, the unemployed and communists will protest on Wednesday against spending cuts introduced to secure a multi-billion-euro bailout, and lawmakers will debate a debt swap to avoid imminent bankruptcy.
Corrected: Chip designer CSR boosts shares with buyback
British chipmaker CSR Plc underscored its financial strength on Monday with a share buyback of up to $50 million, helping send its shares up more than 20 percent to their highest in six months.
Apple shareholders to meet as stock at record high
Apple Inc Chief Executive Tim Cook is in an enviable position - market leading products, a $98 billion warchest and a seemingly gravity-defying stock price.
Futures slip after European data; Dell falls
U.S. stock index futures slipped on Wednesday, indicating the S&P 500 may snap a three-day winning streak after weaker-than-expected euro zone economic data and ahead of a report on the U.S. housing market.
Nokia to unveil cheaper Windows smartphone: sources
Nokia will next week unveil a new, cheaper smartphone using Microsoft's Windows Phone software, targeting a wider market for its new range of smartphones, two sources close to the company said.
Futures dip after euro zone data; Dell slides
U.S. stock index futures slipped on Wednesday, indicating the S&P 500 may snap a three-day winning streak after weaker-than-expected euro zone data and ahead of a report on the U.S. housing market.
Dell shares fall on weak sales forecast
Shares of Dell Inc fell more than 7 percent in premarket trading on Wednesday, after the world's No.3 personal computer maker forecast weak sales for the current quarter.
James Lomma, Crane Owner, Starts Trial for Manslaughter Charges
Multi-millionaire crane owner James Lomma begins trial for charges of manslaughter.
Has the battery run out on India's $35 tablet computer?
A $35 computer launched last year in India as the world's cheapest tablet has run into problems and companies will be invited to bid again to make the device after complaints of poor performance and hiccups rolling out a pilot model.
Peugeot and GM discuss production deal: sources
General Motors and PSA Peugeot Citroen are discussing a broad manufacturing alliance designed to stem losses in Europe and lower production costs elsewhere, sources with knowledge of the matter said.
Stock futures mixed, economic data eyed
U.S. stock index futures pointed to a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 down 0.1 percent, the Dow Jones futures flat and the Nasdaq 100 rising 0.1 percent.
Mazda eyes $2 billion share offering
Mazda Motor Corp <7261.T> is looking to raise up to $2 billion in a bigger-than-expected public share offering, a regulatory filing showed on Wednesday, which would cause a massive 69 percent dilution of its existing shares.