Stocks, oil shrug off Fed, rise on Obama speech
World stocks and crude oil gained on Wednesday, shrugging off a lukewarm outlook from the Federal Reserve, as investors latched onto the growth prospects of U.S. President Barack Obama's pledge to trim spending.
Japan exports accelerate, slowdown may be over
Japan's annual export growth picked up more strongly than expected in December as shipments to China jumped to a record high and auto demand in the United States recovered, reinforcing views that the economy will soon emerge from a lull.
EU price cuts and U.S. reform weigh on Big Pharma
Europe's drive to cut drug prices as well as U.S. healthcare reforms are likely to dampen global pharmaceutical companies' growth outlooks for 2011.
Sarah Michelle Gellar to star in new CBS show 'Ringer'
Actress Sarah Michelle Gellar, mostly known for her role in 'Buffy theVampire Slayer,' is set to star in upcoming CBS show called 'Ringer' which has been given the green light by CBS.
Linkedin most popular social media platform among recruiters, says Vault Survey
74% of recruiters view it as an important tool for sourcing candidates.
Dennis Kucinich sues over olive pit in sandwich
Democratic congressman Dennis Kucinich (Ohio) is suing a congressional cafeteria for significant dental injuries caused by biting olive pitin a swandwich wrap he ate in 2008.
Netflix profit up, adds subscribers
Netflix Inc., the movie rental service, reported better-than-expected quarterly profit, fueled by rapid subscriber growth that shows no sign of letting up this year.
Dollar slips to 11-week low after Fed, stocks
The U.S. dollar slipped on Thursday to 11-week lows, while commodity prices and Asian stocks rose after U.S. Federal Reserve policymakers voted unanimously to maintain a $600 billion bond-buying plan to fuel an economic recovery.
Qualcomm raises outlook as mobile chip sales jump
Qualcomm Inc raised its forecasts for second-quarter and 2011 revenue as sales of its chips for wireless devices accelerate in China and India, and its shares rose 6 percent.
Starbucks sees higher 2011 coffee costs
Starbucks Corp, the world's largest coffee chain, expects rising coffee prices to hit profits more than it previously thought but stressed that it would not raise prices to cover the extra expense.
Supply ship arrives Saturday to Int'l Space Station (LIVE LINK)
NASA TV will stream live coverage of a supply shipment arrival to the International Space Station research facility on Saturday.
Motorola warns of 1st quarter net loss, shares fall
Motorola Mobility Holdings Inc posted a profit for the fourth quarter, but its shares fell almost 4 percent after it warned it would revert to a loss again in the current quarter, as it faces new competition from the Apple Inc iPhone.
New home sales at 8-month high
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.
Analyst gives WWE the smackdown
Analysts have downgraded WWE stock due to poor earnings
Gold rises after Fed as ETFs shed bullion
Gold rose on Wednesday, snapping a four-day losing streak, after the Federal Reserve's lukewarm economic assessment and its plan to complete its bond-buying program boosted bullion's safe-haven appeal.
U.S. Rate Futures: traders pare bets on 2011 Fed hike
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.
Facebook says no major changes in Egypt traffic
Facebook is aware of reports of disruption to its service in Egypt but said it had not seen any major changes in traffic from the Middle Eastern country, while Twitter said its service was being blocked for the second consecutive day.
Verizon struggles with BlackBerry data traffic
Some Verizon Wireless customers using BlackBerrys have been limited to making voice calls on Research In Motion's smartphone for as long as a week, but Verizon said on Wednesday the issue was fully resolved.
Soros says European crisis being resolved
Billionaire investor George Soros said on Wednesday European governments will have to cut services to bring down deficits, but the crisis has calmed.
Internet A Battlefield In Egypt
The internet has become a venue for battles between the Egyptian government and protesters, through social networking sites such as Facebook and the home pages of groups such as Anonymous.
Home sales at eight-month high
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.
Home sales at 8-month high; loan demand dives
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.
Jimmy Buffett out of Hospital after Stage Fall [VIDEO]
Singer Jimmy Buffett has been released from a Sydney hospital on Wednesday after suffering a head injury the previous day, according to a statement from his official website.
Instant view: Fed lukewarm on economy, jobs
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.
Nielsen, Demand Media IPOs soar in debut
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.
Motorola smartphones light, iPhone already weighs
Motorola Mobility Holdings Inc sold slightly fewer smartphones than expected in the fourth quarter and said it was already feeling pressure from new competition from the Apple Inc iPhone, sending its shares down 6 percent.
Motorola smartphone sales, outlook disappoint
Motorola Mobility Holdings Inc sold slightly fewer smartphones than expected in the fourth quarter and forecast a net loss in the current quarter, as it faces new competition from the Apple Inc iPhone, sending its shares down 6 percent.
Playstation Phone, Xperia Play, Get In-Depth Inspection
Engadget has gotten a hold of the Xperia Play, a smartphone not expected to make its debut until next month's Mobile World Conference
Motorola warns of first-quarter net loss, shares fall
Motorola Mobility Holdings Inc posted a profit for the fourth quarter, but its shares fell almost 4 percent after it warned it would revert to a loss again in the current quarter, as it faces new competition from the Apple Inc iPhone.
Low-tax states attract budget-conscious Americans
Bob VanSickle was a lifelong New Jersey resident, but when he left after 52 years for what he calls kinder, gentler New Hampshire, he never looked back.