Wall Street down as S&P hovers near key technical level
Wall Street stocks fell on Wednesday as the S&P 500 struggled to break through a key technical level after an unexpected decline in durable goods orders weighed on market sentiment.
Sprint loss widens, but subscriber numbers beat
Sprint Nextel said it had lost fewer monthly contract customers in the second quarter than analysts had expected, helped by its high-speed EVO phone from HTC Corp .
Are kids' ER visits for food allergies on the rise?
Children's visits to the emergency room for serious food-allergy reactions may be on the rise, if the experience of one major U.S. medical center is an indicator.
Mental health experts ask: Will anyone be normal?
An updated edition of a mental health bible for doctors may include diagnoses for disorders such as toddler tantrums and binge eating, experts say, and could mean that soon no-one will be classed as normal.
WellPoint raises outlook as earnings top estimates
WellPoint Inc posted higher-than-expected quarterly profit on Wednesday on better performance of its health plans for small businesses and it raised its full-year outlook, the latest in a string of strong second-quarter earnings reports for U.S. health insurers.
China yuan 'substantially undervalued'-IMF official
International Monetary Fund staff believe the yuan is substantially undervalued based on expectations that China's current account surplus will increase as the global economic recovery gains strength, a senior IMF official said on Wednesday.
BP tees up asset sales to pay for spill
A day after BP said it would sell $30 billion in assets to pay for its Gulf of Mexico oil spill, the focus shifted to what is for sale, while lawyers prepared to tackle a mountain of claims for damages.
Wall Street to open lower on durables data and Boeing
Stocks were set for a slightly lower open on Wednesday after data showed orders for durable goods unexpectedly fell in June and Boeing Co's 2010 profit outlook was beneath Wall Street's consensus forecast.
Buffett's Dairy Queen chilly on frozen yogurt lawsuit
It's a case that has left Warren Buffett's Dairy Queen business cold.
Mortgage demand dips, refinancings off from 14-month high
U.S. home loan demand cooled last week as rising mortgage rates curbed refinancing requests that had soared to a 14-month high, the Mortgage Bankers Association said on Wednesday.
Officials ready criminal probe of oil spill: report
Several U.S. government agencies are preparing a criminal probe of at least three companies involved in the massive oil spill in the Gulf of Mexico, though it could take more than a year before any charges are filed, the Washington Post reported on Wednesday.
LG misses Q2 estimates, lacks blockbuster phones
LG Electronics Inc the world's No.2 TV maker, faces more pressure to turn around its mobile business and tackle its underperforming shares after it missed forecasts with a 90 percent slump in quarterly profit.
Boeing quarterly profit falls but beats forecast
Boeing Co reported a higher-than-expected quarterly net profit on Wednesday as the commercial airplane market recovers from a downturn, but the results were down from a year earlier on fewer airplane deliveries.
Comcast revenue up, but profit slips on NBC costs
Comcast Corp reported a better-than-expected 6 percent rise in quarterly revenue, but the cable giant's profit was undercut by fees it paid to bankers and lawyers involved in its acquisition of NBC Universal.
S&P 500 index futures turn negative
S&P 500 index futures turned negative on Wednesday after an unexpected month-over-month decline in June durable goods orders.
Melrose Jewelers No 1 Rolex retailer in Italy
Melrose Jewelers: Melrose Jewelers, USA's leading Online Rolex Watch Retailer, has announced that it has become the #1 Online Rolex Retailer in Italy including Rome (Roma), Milan (Milano), Naples (Napoli), Turin, Palermo, Genoa (Genova), Bologna, and Florence. In Q1 and Q2 2010 Melrose Jewelers' revenue from Italy jumped over 65% over the same period last year.
Future perfect for Gold for years
With gold prices declining this week substantially following global cues, the future of gold is safe if the World Gold Council report is anything to go by.
According to WGC, though gold topped $1,250 per troy ounce this quarter and reached record highs in dollar terms, the metal has still some steam left before it pauses.
Oil slips towards $77 ahead of U.S. data
Oil slipped toward $77 per barrel on Wednesday after an industry report of an unexpected rise in U.S. crude stocks and a fall in U.S. consumer confidence fueled doubts about the pace of recovery in energy demand.
Stock futures flat on busy earnings day
S&P 500 futures were flat on Wednesday, struggling to move past their 200-day simple moving average ahead of a busy day on the earnings calendar.
Middle East Oil Producers Might Consider BP Investment - to Diversify
With BP poised to move on from the Gulf oil spill with a new chief executive, the beleaguered London-based company might look attractive to Middle East sovereign wealth funds after all. It would be a parting legacy from outgoing CEO Tony Hayward if his efforts earlier this month to court the funds in Abu Dhabi and other oil-producing countries were to bear fruit.
Boeing quarterly profit falls, but beats forecast
Boeing Co reported a higher-than-expected quarterly net profit on Wednesday, but the results were down from a year earlier on fewer airplane deliveries.
Comcast revenue up but profit slips on NBC costs
Comcast Corp. , the No. 1 U.S. cable operator, reported a nearly 9 percent decline in quarterly profit as it absorbed expenses related to its highly anticipated acquisition of NBC Universal.
Stock futures flat ahead of earnings and durables data
S&P 500 futures were flat on Wednesday, struggling to move past their 200-day simple moving average ahead of a busy day on the earnings calendar.
Gold recovers as lower prices tempt buyers
Gold rose above $1,160 an ounce in Europe on Wednesday as price-sensitive buyers were tempted back to the market by the previous day's dip to three-month lows, with strong demand reported from major consumer India.
Earnings awaited as Wall Street futures point to gains
Stock index futures pointed to a higher open for Wall Street on Wednesday, after stocks closed mixed a day earlier, with investors likely to focus on earnings from Boeing and Visa among others to provide direction for equities.
Euro firm on risk demand but lacks momentum
The euro struck a two-month high against the yen and stayed within reach of an 11-week high against the dollar on Wednesday, underpinned by robust European bank earnings and solid economic data.
But analysts said the durability of any recovery in Europe was questionable.
Earnings boost stocks as euro rises
World stocks rose for the fifth day running on Wednesday as solid corporate earnings combined with easing fears about financial stability to boost investors appetite for riskier assets.
Euro firm on risk demand, Aussie hit by CPI
The euro struck a two-month high against the yen and stayed within reach of an 11-week high against the dollar on Wednesday, as markets stayed in risk-on mode on robust European bank earnings and solid economic data.
Asian stocks hits 12-week high as euro inches up
Asian stocks hit a 12-week high on Wednesday and the euro inched ahead as investors took comfort from solid U.S. and European company earnings, while the Australian dollar eased after a sharp slowdown in inflation.
IMF gives ground on yuan exchange rate debate
The International Monetary Fund has chosen not to call the yuan substantially undervalued, a move that recognizes China's efforts to free up its exchange rate and avoids friction with an increasingly influential shareholder.