EU biodiesel output up 35 percent, capacity growing
Production of biodiesel in the European Union rose by more than 35 percent in 2008 and capacity will grow again this year although half the plants are idle due to poor demand, the EU producers group said on Wednesday.
NYMEX-Crude rises on API data, equities strength
U.S. crude futures rose on Wednesday on industry inventory data showing crude supplies fell last week along with gasoline stocks and as positive earnings results fueled a global equities rally.
Iranian plane crashes after fire, killing 168
A Tupolev aircraft crashed in Iran on Wednesday on its way to Armenia killing all 168 people on board and one senior Iranian official said the plane had caught fire in the air after suffering technical problems.
U.S. and China launch clean vehicle, building project
China and the United States, the world's two largest emitters of greenhouse gases blamed for global warming, launched a joint research effort Wednesday to produce more fuel-efficient vehicles and buildings.
Judge won't drop charge vs ex-Bear Stearns exec
A U.S. judge refused on Tuesday to dismiss an insider-trading charge against former Bear Stearns hedge fund manager Ralph Cioffi, court documents showed.
The CalPERS Lawsuit Against The Rating Agencies
The pre-emptive attack on the rating agencies has begun. As Zero Hedge has long suspected, once the next major leg down in the market occurs,populist anger will again have to be directed away from its true focal point- the intersection of Wall Street and DC.
CORRECTED: Big game publishers muscle in on iPhone's upstarts
(Corrects company name to Glu Mobile from Gameloft in paragraph 16)
Intel results help lift Wall Street at open
Stocks rose more than 1 percent at the open on Wednesday as Intel Corp's solid quarterly results and outlook reinforced hopes for an economic recovery and a rebound in technology spending.
Survey points to improving U.S. factory outlook
U.S. industrial output declined at a slower pace in June and a key regional U.S. factory survey posted its strongest reading in a year this month, suggesting the recession was loosening its grip.
Stock futures up on Intel results, regional factory data
U.S. stocks headed for a sharply higher open on Wednesday as Intel Corp's solid quarterly results and outlook reinforced hopes for an economic recovery and a rebound in technology spending.
Daily News Outlook - July 15
Prices up more than expected in June, U.S. inventories weekly report, U.S. Officials visit China to highlight clean energy
It's iPhone Impressionism, courtesy of Christie's
In a bid to bring art to the digital age, Christie's is rolling out a new application to bring Impressionists to the iPhone.
CBS, Scripps, Rainbow join Comcast Web trial
Comcast Corp has signed up CBS Corp along with 17 more cable networks to participate in the cable company's trial to make more television shows available to its subscribers on the Web.
Gas prices push up consumer prices in June
U.S. consumer prices rose at a slightly faster-than-expected 0.7 percent pace in June, but the bulk of the increase was due to soaring gasoline prices and the core measure of inflation remained relatively tame, government data on Wednesday showed.
Gas prices push consumer prices up in June
U.S. consumer prices rose at a slightly faster-than-expected 0.7 percent pace in June, but the bulk of the increase was due to soaring gasoline prices and the core measure of inflation remained relatively tame, government data on Wednesday showed.
Daily Outlook - July 15 - Energy
The U.S. Energy Department will release its weekly petroleum supply report at 10:30 a.m. EST. U.S. Energy Secretary Steven Chu and Commerce Secretary Gary Locke arrive to China to stay through July 17 to highlight the potential for mutually beneficial relationships in the clean energy sector. The 20th World Oil Forum 2009 ends in London, UK .
Stock futures rise as Intel results fuel recovery hopes
Stock futures pointed to a higher open on Wall Street on Wednesday as Intel Corp's solid results and upbeat outlook reinforced hopes for an economic recovery and a rebound in technology spending.
U.S. CPI seen up in June by most since July 2008
Higher costs for oil and gasoline likely pushed U.S. consumer prices up in June by the most for any single month since oil prices peaked last summer, according to a poll of economists.
Chinese agencies back Tengzhong-Hummer deal
China's Ministry of Commerce on Wednesday played down reports that it is at odds with the economic planning agency over a controversial deal for a little-known Chinese company to buy GM's Hummer unit.
Stock futures jump as Intel spurs optimism
Stock futures rose on Wednesday as Intel Corp's solid results and upbeat outlook reinforced hopes for an economic recovery and a rebound in technology spending.
Stock futures point to Wall Street rising; economic data eyed
Stock index futures pointed to a higher opening for Wall Street on Wednesday, as investor confidence was boosted by results and an upbeat outlook statement from chipmaker Intel .
Burberry says taking share in a tough market
British luxury goods group Burberry met forecasts with a 4 percent fall in first-quarter underlying revenues and said on Wednesday it was taking market share in a tough trading environment.
Chinese agencies back Tengzhong-Hummer deal: Mofcom
China's Ministry of Commerce on Wednesday played down reports that it is at odds with the economic planning agency over a controversial deal for a little-known Chinese company to buy GM's Hummer unit.
Burberry underlying revenues fall, trading tough
British luxury goods group Burberry met forecasts with a 4 percent fall in first-quarter underlying revenues and said on Wednesday trading conditions remained challenging.
Global stocks near two-week highs, dollar wilts
Global stocks rose to their highest level in nearly two weeks on Wednesday as blockbuster results from major firms such as tech bellwether Intel Corp underpinned appetite for riskier assets.
Calpers sues over ratings of securities: report
Calpers, the biggest U.S. public pension fund, has filed a suit in a California state court in connection with $1 billion in losses that it says were caused by inaccurate credit ratings from the three leading ratings agencies, The New York Times reported.
Asian shares powered by Intel, yen out of juice
Asian share markets gained for a second session on Wednesday as blockbuster results from tech bellwether Intel Corp seemed to augur well for the U.S. earnings season and for consumer demand globally.
Asian shares cheered on by Intel, yen steps back
Asian share markets gained for a second session on Wednesday as blockbuster results from tech bellweather Intel Corp seemed to augur well for the U.S. earnings season and for consumer demand globally.
Samsung to invest $389 million in biosimilars: report
South Korea's Samsung Electronics plans to invest about 500 billion won ($389 million) in the biotech medicine business, a local internet news provider said on Wednesday, quoting a top policymaker.
Franklin drops out of group eyeing AIG unit: source
U.S. asset manager Franklin Resources Inc has dropped out of a consortium negotiating to buy American International Group Inc's asset management unit, a source familiar with the matter said on Tuesday.