Fed's Lacker flags need for exit, favors asset sales
The U.S. Federal Reserve must remain alert to lurking inflation risks, and could begin removing monetary stimulus by selling some of the mortgage debt it acquired during the financial crisis, a top central bank official said on Wednesday.
Tech Round Up: Google offers Opt-Out feature, Facebook cuts Regional Networks, eBay in lawsuit with Craigslist
Google is attempting to improve relations with media giants with its First Click Free policy that allows publishers to build pay walls around their online content. The search giant will also allow publishers to decide whether they want their sites to show up in Google News, Google Web search, both, or neither.
Ford betting on U.S. launch of Fiesta small car
Ford Motor Co reintroduced the Fiesta small car to a U.S. audience on Wednesday after a three decade absence, a critical step in a turnaround that focuses on a revamped lineup to make a profit in 2011.
Judge rejects Amazon bid to scrap Google pact
A federal judge has rejected Amazon.com Inc's request that he withdraw preliminary approval of a settlement between Google Inc and groups of authors and publishers to digitize millions of books.
Tiger Woods' Apology after Affair Rumors (Full Text)
Tiger Woods, the world's top-ranked golf player, issued an apology on his website today for his transgressions and personal sins following a series of extra marital affair rumors.
GM's management was 'surprised' by CEO's exit-Lutz
General Motors Co's management team was surprised and saddened by the sudden departure of Chief Executive Fritz Henderson this week, GM's Vice Chairman Bob Lutz said on Wednesday.
Small business, transport central to jobs bill
Democrats want increased lending to small businesses and funding for shovel ready transportation projects included in a job-creation bill they hope to pass in Congress next month to address the high U.S. unemployment rate.
Lisa Pineiro: Self-made businesswoman
While her friends were studying economic theory in college, Lisa Pineiro was busy raising her daughter and launching her own construction business. Now the 35-year-old trailblazer is empowering other young women to become successful entrepreneurs.
LED lighting still too costly: Osram CEO
Demand for super-efficient LED lighting and other energy-saving lights will grow next year as both consumer awareness and the U.S. stimulus package spark sales, the head of Siemens AG-owned Osram Sylvania said on Wednesday.
Nasdaq rises with online retailers; Dow dips on oil
The Nasdaq rose on Wednesday as strong online holiday sales boosted shares of retailers, including Amazon.com , and relieved some concerns about the consumer.
Tiger Woods feels regret amid multiple mistresses rumors
Tiger Woods said he regrets letting his family down due to his transgressions without specifying whether he is referring to the several extra marital affair rumors circulating on the media.
GM's management was surprised by CEO's exit: Lutz
General Motors Co's management team was surprised and saddened by the sudden departure of Chief Executive Fritz Henderson this week, GM's Vice Chairman Bob Lutz said on Wednesday.
David Beckham mourns death of grandfather
The grandfather of David Beckham, Joseph West, passed away Wednesday following a battle with lung cancer at the age of 83.
Bank of America to repay TARP, repay capital
Bank of America Corp has reached an agreement with the U.S. government repay its $45 billion in bailout funds in the next few days, the company said on Wednesday.
Brazil Abreu Lima refinery costs rise to $13.3 bln
The Abreu Lima refinery in Brazil, a joint venture between state-run oil companies Petrobras and Venezuela's PDVSA, will cost roughly 23 billion reais ($13.3 bln), more than triple its previous estimate, a director at Petrobras said on Wednesday.
McCain doubts about Obama's withdrawal plan in Afghanistan
The top Republican on the Senate committee, John McCain voiced doubt about Obama's withdrawal plan in Afghanistan, echoing fears that it could allow Taliban militants to wait out the U.S. troop surge and reassert themselves later.
S. Korea fines local LPG price cartel $581 mln
South Korea's anti-trust agency said on Wednesday it would impose fines totalling 669 billion won ($581 million) on six companies over their involvement in a liquefied petroleum gas (LPG) price cartel.
Redbox talking with video game makers
Redbox is talking with video game developers about offering their products in its DVD kiosks and hopes to avoid the kind of resistance it encountered from some Hollywood studios, Redbox's president said on Wednesday.
RBS warns of risks as government takes charge of bonuses
Royal Bank of Scotland Group Plc warned it could struggle to hire and retain key staff after the UK government demanded control of bonuses as a condition for insuring its bad debts.
Google makes it easier for News Sites to opt-out
Google is attempting to improve relations with media giants with its First Click Free policy that allows publishers to build pay walls around their online content. The search giant will also allow publishers to decide whether they want their sites to show up in Google News, Google Web search, both, or neither.
Most Americans not confident about financial future
There may small glimmers of hope in the economy but most Americans are not confident about their financial future and many think they are already poor, according to a new survey.
Barclays appoints US lev loan syndicate head - memo
Barclays Capital has appointed Tim Broadbent to lead its U.S. Leveraged Loan Syndicate team, according to an internal memo, filling a gap left when Bill Hughes departed to join Citigroup.
EBay, Craigslist battle heads to court
It's a story fraught with accusations of broken promises, backroom deals and deception, leaving an established Internet giant fighting to preserve its valuable stake in a well-loved classified advertising website.
Collective Brands Q3 results beat Street
Footwear retailer Collective Brands Inc posted a third-quarter profit that beat market expectations, driven by strong operating margins and a successful back-to-school season, sending its shares up 7 percent in extended trade.
Ciena, Nokia-Siemens fight over Nortel unit bid
Ciena Corp and a Nokia Siemens Networks squared off in U.S. and Canadian courts on Wednesday to press their claims to the highest bid in an auction of a unit of bankrupt Nortel Networks Inc.
Daily Forecast - 3/12/2009
The Aussie dollar bounced from an early morning dip to 0.9235 yesterday to trade within a whisker of the 93 cent handle overnight buoyed by gains in commodity and equity markets.
EBay and Craigslist battle heads to court
It's a story fraught with accusations of broken promises, backroom deals and deception, leaving an established Internet giant fighting to preserve its valuable stake in a well-loved classified advertising website.
CBOE may consider floating shares by May: report
The Chicago Board Options Exchange could launch an initial public offering by May following a recent settlement of a protracted legal dispute, according to the Wall Street Journal.
Delta cites improving revenue trends
Delta Air Lines Inc said on Wednesday that revenue was showing month-to-month improvement despite a persistent reduction in premium class demand.
Nasdaq gains with online retailers; Dow slips
The Nasdaq rose on Wednesday as strong online holiday sales boosted shares of retailers, including Amazon.com , and relieved some concerns about the consumer.