U.S. mulls temporary loan for CIT: source
U.S. officials are considering giving CIT Group Inc a temporary loan as part of an aid package to help the lender avoid collapse, a source familiar with regulators' thinking said on Tuesday.
Wall St surges on Intel results, data
U.S. stocks racked up strong gains on Wednesday, sparked by results from bellwether Intel Corp that lifted hopes for a rebound in technology spending and improved corporate profitability.
Doubt stayed Fed hand on more asset buying
The Federal Reserve held fire on additional asset purchases at its meeting last month because of doubts about how financial markets would react to more buying, documents on Wednesday showed.
1918 flu survivors seem immune to swine flu: report
Japanese scientists have released a report saying people who were born before the 1918 flu pandemic seem to have immunity to the current swine flu, but not to the seasonal flu.
AT&T in initial labor pact for Midwest
AT&T Inc has reached a tentative labor agreement with the Communications Workers of America covering 18,500 workers in the telecom service provider's Midwest region, the parties said on Wednesday.
Porsche showdown with VW looms next week
The end game in thorny merger talks between Porsche and Volkswagen looms on July 23 when the carmakers' supervisory boards meet separately in Porsche's home town of Stuttgart.
Obama's statement on Health Care Reform legislation
U.S. President Barack Obama released the following statement on Wednesday in response to the health care reform legislation passed by the Senate HELP Committee.
Sanofi says experts find Lantus studies flawed
Sanofi-Aventis said on Wednesday a group of independent experts had concluded that studies highlighting a possible link between its Lantus diabetes drug and an increased risk of cancer were flawed.
Wall St jumps as Intel, data boost sentiment
U.S. stocks racked up strong gains on Wednesday, sparked by results from bellwether Intel Corp that lifted hopes for a rebound in technology spending and improved corporate profitability.
AMR posts loss, but beat forecasts; shares gain
American Airlines parent AMR Corp on Wednesday posted a smaller-than-expected quarterly loss as capacity cuts and new revenue streams helped offset weak travel demand.
Boeing job cuts hit missile defense, future combat
Boeing Co will trim staff on its missile defense program and future combat systems by about 1,000 -- about 1.4 percent -- because of U.S. Defense Department budget cuts, the company said on Wednesday.
Fugitive ex-CS trader arrested, faces new charges
A former Credit Suisse trader facing trial on charges of fraudulently selling $1 billion worth of mortgage-backed auction-rate securities, has been arrested after two months on the run, according to a court document made public on Wednesday.
Provisions of Senate health panel legislation
The Senate health committee approved its version of healthcare reform on Wednesday. The following are some of the provisions in the legislation:
Reaction to Democratic healthcare plan
House Democrats unveiled a 1,000-page proposal to overhaul the $2.5 trillion U.S. healthcare industry. The ground-breaking bill includes a government-paid insurance option that would compete with private insurers, and tax increases for the wealthy.
U.S. housing market bottom may be in sight: Fitch
The long-awaited bottoming of the U.S. housing market may be in sight, but a recovery could take as long as 18 months and will likely be muted, Fitch Ratings said in a report on Wednesday.
Website to publish sensitive hacked Twitter info
Popular technology news website TechCrunch plans to publish on Wednesday sensitive internal documents belonging to microblogging site Twitter, including financial projections, sent to them by an unidentified hacker.
Geithner says dollar to remain key reserve currency
U.S. Treasury Secretary Timothy Geithner said he was reassured during a Gulf visit that the dollar will remain the region's main reserve currency and said he wanted to find ways to reduce oil-price volatility.
U.S. industrial output appears on the mend
The U.S. recession might be loosening its grip, data released on Wednesday suggested, although analysts cautioned recovery was likely to be long and slow.
Paulson says acted appropriately on BofA
Former U.S. Treasury Secretary Henry Paulson said that he acted appropriately in warning Bank of America Chief Executive Kenneth Lewis that top executives could be ousted if they walked away from a merger with Merrill Lynch.
Obama prods Congress on healthcare, Senate panel acts
Saying it was time to get this done, President Barack Obama pressed on Wednesday for swift congressional action on healthcare after a Senate panel approved a bill to overhaul the $2.5 trillion industry.
Ex-Goldman analyst, others accused of inside trades
U.S. regulators on Wednesday filed civil charges for insider trading against 11 people, including a 26-year-old former Goldman Sachs Group Inc investment banking analyst accused of leaking confidential merger information to his brother.
Treasury devising aid for CIT: Rep. Frank
The U.S. Treasury Department wants to find a responsible way to provide government aid to troubled lender CIT Group Inc, Representative Barney Frank said on Wednesday.
Google Releases Google Voice App for BlackBerry and Android Devices
Google Voice Mobile App has been released for BlackBerry and Android devices, giving users the convenience of making outgoing calls from a Google Voice number.
Cisco, Juniper jump on ratings, upbeat tech results
Shares of network equipment makers Cisco Systems Inc and Juniper Networks Inc jumped on Wednesday, helped by buy ratings by Citigroup as well as solid results from smaller rival Adtran and chipmaker Intel Corp .
Wall Street jumps on Intel results, data
Stocks rose broadly on Wednesday, sparked by strong results from bellwether Intel Corp that lifted hopes for a rebound in technology spending.
China raise riot death toll to 192, 1721 injured
China raised the death toll from the bloody riot in Urumqi on July 5 to 192, the official Xinhua news agency reported on Wednesday, citing a local official in Xinjiang.
Microsoft's Bing gains on Yahoo, Google
Microsoft Corp's market share of the U.S. Internet search market increased modestly in June, the first month that it fielded its new Bing search engine, according to the latest data from research firm ComScore.
Big game publishers muscle in on iPhone's upstarts
As the iPhone becomes a popular mobile gaming device, large game publishers with deep pockets are going head-to-head with smaller developers who found early success on the Apple Inc phone.
Oil jumps over 3 percent after fall in U.S. crude inventories
Oil rose more than 3 percent to over $61 a barrel on Wednesday, supported by falling U.S. crude oil inventories and economic optimism following positive U.S. data.
Technical problems may relate to Iran plane crash
A senior Iranian official said Wednesday the aircraft carrying 168 people on board had technical problems before crashing into a field northwest of the capital and smashing into flaming pieces.