Obama reaches out to Islamist parties in Pakistan
U.S. President Barack Obama has started reaching out to some of Pakistan's most fervent Islamist and anti-American parties, including one that helped give rise to the Taliban, trying to improve Washington's image in the nuclear-armed state.
Deere's earnings fall 27 percent
Deere & Co said on Wednesday its earnings in the latest quarter fell 27 percent as ongoing weakness in its construction and forestry equipment business offset strength in demand for its tractors and harvesters, especially in North America.
Series of blasts kills 75, wounds 300 in Baghdad
A series of explosions killed at least 75 people and wounded more than 300 in central Baghdad on Wednesday, the deadliest day in the Iraqi capital since U.S. troops withdrew from urban centers in June.
Update: Hurricane Bill grows to Category 4 storm
Hurricane Bill, the first of the 2009 Atlantic season, gathered strength and grew into a dangerous Category 4 storm with sustained winds of up to 135 mph on Wednesday, the U.S. National Hurricane Center said.
China-led sell-off weighs on stock futures
Stock index futures pointed to a fall of about 1 percent on Wednesday as a drop in Chinese shares prompted renewed selling in global equity markets on fears stock prices have outpaced the economic recovery.
Microsoft files to stay Word injunction
Microsoft Corp said on Tuesday it filed a motion to stay an injunction imposed by a federal court last week which threatened to halt sales of some versions of its popular Word application.
Stock futures point lower after China-led sell-off
Stock index futures dropped about 1 percent on Wednesday as a fall in Chinese shares prompted renewed selling in global equity markets on fears stock prices have a run too far ahead of the economic reality.
Oil slips below $69 on China shares fall
Oil fell below $69 a barrel on Wednesday after a near 5 percent slump in Chinese shares sent doubts rippling through global markets about the strength of the world economic recovery.
SEC warns investors on leveraged ETF holdings
U.S. securities regulators warned investors on Tuesday that leveraged exchange-traded funds could lead to big losses even if the market index or benchmark they track shows a gain.
Asian electronics makers riding global turnaround
Asian electronics makers are forecasting a turnaround in the second half of this year, citing a pick-up in global demand.
Dollar, yen rise as Chinese shares fall
The dollar and yen rose on Wednesday after Chinese shares extended losses, prompting investors to pull back from riskier assets.
BAT names ex-BoI head Burrows chairman
British American Tobacco, the world's second-biggest cigarette maker, has recruited Richard Burrows, the former chairman of Bank of Ireland , to be its new chairman.
UBS tax deal with U.S. seen as soon as today
Details of a deal to settle a U.S. tax case against Swiss bank UBS AG could come as soon as Wednesday and could have far-reaching implications for other wealth managers.
Macquarie buys U.S. asset manager for $428 million
Macquarie Group Ltd , Australia's top investment bank, agreed to buy U.S. asset manager Delaware Investments for $428 million in cash from Lincoln National Corp , continuing a trend of consolidation in the fund management business.
Microsoft's Bing wins share from Google, Yahoo
Microsoft Corp's Bing search engine continued to make small gains on rivals Google Inc and Yahoo Inc in the U.S. Internet search market in July, according to the latest data from research firm ComScore.
Detained Rio Chinese staff healthy, calm, lawyers say
Three detained Chinese employees of Australian miner Rio Tinto appeared healthy and calm, their defense lawyers said on Wednesday after visiting their clients for the first time early this week.
European banks identified in U.S. tax probe: report
Wealthy U.S. citizens using a government tax-evasion amnesty program have identified almost 10 European banks where they have accounts, the Wall Street Journal said, citing people familiar with the situation.
Stock futures signal losses; eyes on HP
Stock index futures pointed to a lower open on Wall Street on Wednesday, tracking a sell-off in Chinese shares on renewed worries the buoyant market had gone too far ahead of the economic recovery, and as oil prices dipped.
Oil slips towards $69 after surge on U.S. stock draw
Oil fell toward $69 on Wednesday, after surging more than 3 percent in the previous session on data that showed a surprise fall in U.S. crude stocks, boosting hopes of demand recovery in the world's top energy user.
U.S. regulators urged Citi to replace Kelly: report
Citigroup Inc was under direct pressure from U.S. regulators to replace former chief financial officer Ned Kelly, the Financial Times said, citing parts of a confidential agreement it viewed.
Asia stocks edge up but wary of China, oil jumps
Asian stocks edged up on Wednesday but hovered near three-week lows hit the previous day, with investors cautious ahead of Chinese bank results and wary that profit taking will continue to stall a six-month rally.
Oil rises towards $70 after surge on U.S. stock draw
Oil extended gains toward $70 on Wednesday, after surging more than 3 percent in the previous session on data that showed a surprise fall in U.S. crude stocks, boosting hopes of demand recovery in the world's top energy user.
Nikkei dips in cautious trade; Sanyo surges
Japan's Nikkei average dipped 0.2 percent in choppy trade on Wednesday, weighed down by investor caution after disappointing U.S. housing data, but blue-chip stocks such as Canon Inc and carmakers jumped after brokerage upgrades.
Celine Dion pregnant again
Celine Dion is pregnant with her second child after undergoing fertility treatment at a clinic in New York, her spokeswoman said on Tuesday.
U.S. skating champ Boitano serves up cooking show
Figure skater Brian Boitano always dreamed of opening his own restaurant even while on a strict diet of salads and potatoes when he was competing.
Oliver Stone to show
Film director Oliver Stone has a secret -- 10, at least -- and he is about to tell some them in a new documentary for U.S. cable television.
Sean and Robin Penn back to divorce court
Oscar winning actor Sean Penn and his wife Robin's rocky marriage is headed for divorce for the third time, and this time it's Robin who has filed the court papers.
Nikkei dips in cautious trade
Japan's Nikkei average dipped 0.2 percent in choppy trade on Wednesday, weighed down by investor caution after disappointing U.S. housing data, but blue-chip stocks such as Canon Inc and carmakers jumped after brokerage upgrades.
Banks switch one flawed pay system for another
Banks are lowering bonuses to defuse popular outrage, but by curtailing employee incentives, compensation experts say the banks and the U.S. government are failing to fix practices that led to the financial crisis.
Apple looking into reports of exploding iPhones
Apple is investigating media reports that one or more of the company's iPhones have exploded in Europe, a European Commission spokeswoman said Tuesday.
