Weakness in economy slowing according to Fed
On Wednesday the Federal Reserve said despite the continued weakness in the U.S. economy, the rate of the economic shrinkage was lowering.
AT&T eager to extend iPhone deal with Apple
AT&T is in negotiations with Apple to extend its exclusive deal to carry the iPhone in the U.S. from 2010 until 2011, The Wall Street Journal reported, citing people familiar with the matter.
PluggedIn: Tech magazine shift from gadget glitz to survive
Technology magazines, facing dwindling advertising and lost luster for big-ticket gadgets, may be turning their attention to helping readers make home improvements or beef-up devices they already own.
Google widens lead in U.S. searches: comScore
Internet search firm Google Inc took its widest-ever lead in the U.S. search market in March, according to new figures released on Wednesday by comScore.
Latin America urged against protectionism
Latin American leaders and executives urged governments in the region on Wednesday to stop erecting trade barriers, saying the financial crisis was a chance to tackle problems that have long hindered the region's competitiveness.
Students, cleaner help Madame Bovary's online debut
Drafts of Madame Bovary, Gustave Flaubert's classic tale of adultery and thwarted dreams, are being shown online for the first time thanks to a mass effort to transcribe the originals.
Italy quake reconstruction to cost $16B
The central Italy region ravaged by an earthquake more than a week ago will need at least $16 billion for rebuilding, the country's interior minister said.
Weak data offers some glimmers of hope
U.S. consumer prices fell in March, posting their first 12-month drop in nearly 54 years, and industrial production slipped further, according to data on Wednesday that underscored the severity of the recession.
U.S. declines, again, to brand China manipulator
The Treasury Department on Wednesday declined to name China a currency manipulator, backing down from tough talk last year when Barack Obama, then campaigning for president, said Beijing was keeping its currency unfairly low.
Wall Street rises on hints recession easing
Stocks rose on Wednesday amid numerous signs the recession could be abating and data from American Express signaled the ability of some consumers to pay their bills is stabilizing.
Bottlers to benefit as soda sales accelerate: Goldman
Goldman Sachs said it expects bottlers Coca-Cola Enterprises Inc and Pepsi Bottling Group Inc to benefit from accelerated soda sales, new distribution agreements and a possible fall in commodity prices.
Amazon.com blocks UK-based Phorm from its Web pages
Online retailer Amazon.com Inc said on Wednesday it would stop controversial targeted advertising company Phorm from using its Web pages to gather data on Internet users.
Microsoft says EU antitrust deadline extended
Microsoft Corp confirmed on Wednesday a report that it had received a one-week extension from EU antitrust regulators to respond to charges that it had sought to thwart rivals by bundling its web browser with Windows systems.
You’re Fired¬So Solve These 8 Major Problems
You can’t believe what your supervisor just said: “Our company is feeling the impact of the economic nose dive. So we’re going to have to eliminate your position, effective today. Now let’s take a minute to review your severance plan.”
Banks lend less in February
On Wednesday the Treasury Department in its most recent monthly survey reported a larger decrease in bank lending rate to consumers.
13-year-old boy accused of robbing Illinois bank
A 13-year-old boy who police say was caught red-handed a block away was accused on Tuesday of robbing a bank in Peoria.
Obama wants climate bill mindful of WTO rules: Kirk
The Obama administration wants to ensure that legislation being crafted by Congress to fight global climate change does not violate international trade rules and backfire on U.S. exports, the top U.S. trade official said in a letter to a Republican lawmaker.
Spam e-mail pollutes as much as 3.1 million passenger cars: research
Spam e-mail contributes severely to the emission of green house gases into the earth's atmosphere, according to research and calculations released Wednesday by anti-virus software maker McAfee Inc.
Oil falls slightly as stockpiles weigh
Oil prices fell marginally on Wednesday as government data showed U.S. crude stocks last week were at the highest level since September 1990.
France to have second vote on Internet piracy law
France's parliament will vote again on a government-backed bill to crack down on Internet piracy, a proposal that was rejected the first time around in an embarrassing defeat for the ruling UMP party.
Handle tricky situations with grace
Dear Sam: I worked for 23 years for a well-known company until 3 years ago when I and 99 others were asked to take early retirement. I was off for 3 months when I found a new temp-to-perm position. After 18 months I was promoted to an administrative assistant position with the idea I was a potential permanent hire.
Fed may need to be more open to appease Congress
The U.S. Federal Reserve may face uncomfortably close congressional scrutiny unless it can convince lawmakers that its job in the midst of a crisis is much bigger than merely raising and lowering interest rates.
U.S. consumer pullback continuing
Many economists expect the U.S. recession to end in the second half of this year, but companies catering to consumers showed on Wednesday that the prolonged downturn and rising unemployment are taking a toll on business in the near term.
P&G boosts Dow but Intel drags Nasdaq lower
The Dow and S&P 500 rose in a choppy session on Wednesday on hopes that the recession was moderating and Procter & Gamble's stock jumped after it raised its dividend.
Obama holds out hope for automakers, but bondholders wary
President Barack Obama offered a
First Solar tops industry with largest photovaltic plant in U.S. project
First Solar Inc. will build a 48 Megawatt photovoltaic power plant that would become the largest in the U.S. when its construction is completed in 2010, the company announced on Wednesday.
Fiat CEO says other options to Chrysler deal
Fiat SpA's chief executive said there were other options to a partnership with troubled U.S. car maker Chrysler LLC although he still wanted seal the deal by the April 30 deadline set by Washington.
French Navy seizes 11 suspected pirates during raid
The French Navy detained 11 suspected pirates in a raid off the coast of Kenya Wednesday, the French Ministry of Defense announced.
Hyundai Motor sees no recovery sign yet
The global car industry is showing no convincing signs of recovery yet as sluggishness in developed economies has deeply dented demand, a Hyundai Motor Group vice chairman said on Wednesday.
GM creditor cracks show as bankruptcy looms
The risk of a General Motors Corp bankruptcy is rising, causing bondholders to pursue independent strategies to protect their interests if GM's survival battle moves to bankruptcy court, two sources close to the government talks with GM said on Tuesday.