Futures Tumble on Rising Italy Worry
Stock index futures tumbled on Wednesday as a spike in Italian bond yields sparked fears the country will need a bailout, ratcheting up the region's debt crisis to another level.
Mortgage applications jump on refinancing demand: MBA
Applications for U.S. home mortgages surged last week, driven by increased refinancing demand as interest rates dropped, an industry group said on Wednesday.
MF Global Clients Face Shortfall Despite Protections
Even though they are first in line to be paid back under broker liquidation rules, customers of bankrupt MF Global Holdings Ltd's brokerage may not get all their money back.
J.C. Flowers holding cash to weather market turmoil: founder
Private equity firm J.C. Flowers & Co will keep a lot of cash on hand to weather global market turmoil and to stay ready for potential buyout opportunities, founder J. Christopher Flowers said on Wednesday.
Google Offers Support to Android Firms in Lawsuits
Google Inc will continue to offer support to firms using its Android system that are involved in legal disputes, its executive chairman Eric Schmidt said on Wednesday, as the Internet giant looks to cement alliances in the face of toughening competition.
Berlusconi vows reforms before leaving
Prime Minister Silvio Berlusconi on Wednesday confirmed he would resign after implementing urgent economic reforms demanded by the European Union, and said Italy must then hold an election, in which he would not stand.
Chelsea Transfer Rumours - Cahill, De Bruyne and Drogba
Chelsea are reportedly looking to bring Gary Cahill to Stamford Bridge in January so as to shore up a leaky defence which has only managed two clean sheets in the league this season.
China inflation, output make room for pro-growth steps
Chinese industrial output in October grew at its weakest annual pace in a year and inflation fell sharply, raising expectations Beijing will do more to support economic growth by fine tuning policy.
Bank of France Sees Economy Stalling in Q4
The French economy will stagnate in the last quarter of the year, the Bank of France said on Wednesday, the latest sign it is losing momentum as fiscal austerity and Europe's debt crisis depress private sector activity.
Ericsson Sticks to Market Outlook Forecast
Mobile network equipment maker Ericsson said on Wednesday it was sticking to a forecast for market growth made earlier this year and that it was increasing its market share.
Sina swings to Q3 loss, cautious on 2012 ad spend outlook
Sina Corp, the operator of China's largest Internet portal, swung to a third-quarter loss due to hefty writedowns on investments in two online businesses, and said it does not expect a significant increase in advertising spending next year.
Ericsson says sticks to market outlook forecast
Mobile network equipment maker Ericsson said on Wednesday it was sticking to a forecast for market growth made earlier this year and that it was increasing its market share.
Stock futures signal lower open for equities
Stock futures pointed to a weaker open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.5 to 0.6 percent.
HSBC says outlook very challenging, profit falls
HSBC Holdings cited a dire outlook for the global economy as it reported a larger-than-expected drop in third-quarter profits, hit by lower investment banking income and a rise in bad debts in the United States.
Berlusconi Pledge to Quit Lifts Global Stocks
Political changes at the top of two of the euro zone's most troublesome economies boosted world stocks on Wednesday as investors bet that new brooms may help ease the currency bloc's debt crisis.
AB InBev Q3 profits rise despite same beer drunk
Anheuser-Busch InBev, the world's largest brewer, increased profits by more than expected in the third quarter after charging more for the same amount of beer.
Berlusconi quit pledge lifts global stocks
Political changes at the top of two of the euro zone's most troublesome economies boosted world stocks on Wednesday as investors bet that new brooms may help ease the currency bloc's debt crisis.
Arsenal Transfer Rumours - Inter Milan to Bid for Van Persie?
Robin Van Persie's scintillating form for Arsenal has seen top clubs from across Europe linked to the Dutchman, with Inter Milan the latest to be linked to the player.
Rupert Murdoch takes chair at News Corp Australia unit
Rupert Murdoch is going back to his roots, taking up the role of chairman of News Corp's Australian arm at a time when the publisher is battling a hostile government.
Nvidia Unveils Newest Bet in Tablets and Phones
Chipmaker Nvidia Corp, rushing to stake out more territory in tablets and smartphones, said its new Tegra 3 processor delivers up to three times the graphics performance of its predecessor and uses 61 percent less power.
Wal-Mart Updates Apps to Reach Tech-Savvy Shoppers
Wal-Mart Stores Inc shoppers can now research the trove of product data the world's largest retailer gathers, through a new iPad app and updated app for Apple Inc's iPhone.
Walmart updates apps to reach tech-savvy shoppers
Wal-Mart Stores Inc shoppers can now research the trove of product data the world's largest retailer gathers, through a new iPad app and updated app for Apple Inc's iPhone.
Cheaper Broadband, PCs Coming to Low-Income Families
Cable companies will offer high-speed Internet service to low-income families at around a fifth of the national average price, the top U.S. communications regulator will announce on Wednesday.
David Lynch's strange solo album debut
Sometimes it's hard not to think that David Lynch's fixation on transcendental meditation isn't a joke the filmmaker is playing on us. Is there any major artist whose entire body of work has seemed more ominous, more filled with sinister intonations, less meditative? Mantras don't come much scarier than fire walk with me.
Samsung Electronics Eyes Record Spending in 2012: Report
Samsung Electronics plans to invest a record 38 trillion won ($33.9 billion) in facilities and R&D next year, a 27 percent jump from an estimated 30 trillion won this year, local media reported on Wednesday, citing Samsung and industry officials.
K5 International picks up rights for 'Elvis & Nixon'
K5 International has nabbed international rights to Benaroya Pictures' Elvis & Nixon, the companies said Tuesday.
Lionsgate sued for hair debacle
Many people would -- and some have probably tried to -- sell their own mothers in order to get into a major motion picture. Not Bilal Ahmed.
Shares up on Italy reform hopes, cooling China inflation
European shares looked set to follow Asian equities higher on Wednesday and the euro steadied after Italian Prime Minister Silvio Berlusconi said he would resign, raising hopes the debt-ridden country would proceed with reforms that may keep Europe's debt crisis from spreading.
China Inflation Cools in October; More Policy Shifts Seen
China's annual inflation rate fell sharply in October to 5.5 percent in a further pullback from July's three-year peak, giving Beijing more room to fine tune policy to help an economy feeling the chill of a global slowdown.
IMF Chief Warns World Economy Risks 'Lost Decade'
The head of the International Monetary Fund warned on Wednesday that Europe's debt crisis risked plunging the global economy into a lost decade and said it was up to rich nations to shoulder the burden of restoring growth and confidence.