Oil falls over $2 as inventories rise
Oil fell more than $2 a barrel to below $48 on Wednesday, as U.S. data showed crude stocks grew again last week.
Cuba accuses blogger Yoani Sanchez of provocation
Cuban authorities accused blogger Yoani Sanchez on Wednesday of staging a provocation against the Cuban Revolution after she and others spoke publicly about censorship during an arts performance in Havana.
Wall Street climbs as data boosts sentiment
Stocks extended gains on Wednesday after factory and home sales data further spurred hopes that the economy was seeing signs of stabilization.
Anticapitalism protesters turn violent
Demonstrators clashed with riot police and smashed the windows of a bank in London's financial center on Wednesday in protest against a system they said had robbed the poor to benefit the rich.
U.S. FDIC sees wind-down authority as separate unit
The Federal Deposit Insurance Corp should be the agency to wind down troubled nonbank financial companies, though perhaps through a legally separate resolution authority, Chairman Sheila Bair said on Wednesday.
U.S. February pending home sales rise 2.1 percent: NAR
Pending sales of existing U.S. homes rose modestly in February but the market is still weak in the face of continued declines in home values and a recession, a realty trade group said on Wednesday.
Manufacturing, home sales data boost Wall Street
Stocks rose on Wednesday following factory and home sales data that may point to a healthier economy later in the year, boosting investor optimism.
Mass. regulator charges Madoff feeder fund
Massachusetts' top securities regulator charged hedge fund firm Fairfield Greenwich Group with fraud for allegedly lying to investors about confessed swindler Bernard Madoff's phony management business.
Oil falls over $2 as U.S. inventories rise
Oil fell more than $2 a barrel to below $48 on Wednesday, as U.S. data showed crude stocks grew again last week.
Obama sees G20 consensus, France unhappy
U.S. President Barack Obama said on Wednesday there was enormous consensus between the largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
News Corp names former AOL CEO as digital chief
News Corp has named former AOL Chief Executive Jonathan Miller to supervise the media conglomerate's digital strategy, Rupert Murdoch's media conglomerate said on Wednesday.
Rich urged to make deeper CO2 cuts
China, India and other developing nations joined forces on Wednesday to urge rich countries to make far deeper cuts in greenhouse gas emissions than planned by 2020 to slow global warming.
Mysterious virus quiet, but attack may be in works
Malicious software installed on millions of computers has yet to wreak havoc on technology systems worldwide as some fear, but researchers warned that the Conficker worm could still strike in the future.
Banks, data lift Wall Street
Stocks added to gains on Wednesday as investors turned to financial stocks following factory and home sales data that showed the economic slump could be moderating.
Ford U.S. sales fall 41 percent in March
Ford Motor Co posted a 41 percent drop in U.S. sales in March from a year ago with declines across all its major vehicle segments as the industry continued to feel the impact from a deep recession.
Wall Street climbs as banks rise on upbeat data
Stocks rose on Wednesday as investors turned to financial stocks following factory and home sales data that showed the economic slump could be moderating.
Computer exercise helps stroke victims 'see' again
Millie Sauer did not even know she had suffered a stroke until she tried to read a book as she recovered from surgery and saw only a gray blur for part of the page.
Nokia says thousands sign up to sell at Ovi store
Finnish Nokia Oyj, the world's biggest mobile phone maker, said thousands of developers and content providers had registered to sell content in its online store, Ovi, which will be opened in early May.
Borders sees fewer Waldenbooks stores; shares up
Borders Group Inc plans to close most of its Waldenbooks stores as it cuts costs and strives to pay down debt amid a bleak environment for U.S. book retailers.
U.S. factory contraction slows a tad in March: ISM
U.S. factory activity shrank in March, though at a slower pace than the previous month, suggesting the sector remains a drag on the economy, according to an industry report released on Wednesday.
Wall Street little changed after upbeat data
Stocks pared losses and briefly turned positive on Wednesday following data that showed an index of manufacturing activity rose more than expected in March, while sales of existing homes rose in February.
Oil falls below $48, U.S. inventories rise
Oil fell more than 3 percent to below $48 on Wednesday, pressured by bearish economic news and a 16-year high in U.S. crude inventories.
Obama sees consensus, France unhappy
U.S. President Barack Obama said on Wednesday there was enormous consensus between the largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
Grim U.S. car sales seen, but incentives help in Europe
The U.S. auto industry struggled to restructure and added deals to get buyers back into their showrooms, hoping to mimic the incentive-driven successes their European rivals started to see during March.
Wall Street rises as data spurs optimism
Stocks rose on Wednesday as data on home sales and manufacturing added to hopes that the economic slump was moderating, prompting investors to scoop up bank shares.
U.S. sees more job losses, factory contraction slows
Mounting job losses and plans to lay off more workers continued to weigh on the U.S. economy in March, according to private reports that have analysts and investors bracing for more grim U.S. government labor market data from the government on Friday.
Talking in color: imaging helps social skills
Karrie Karahalios can show a child with Asperger's Syndrome when he's lost in a conversational riff or a taciturn spouse when he doesn't speak very much.
Obama downplays G20 split on eve of summit
U.S. President Barack Obama said on Wednesday there was enormous consensus between the world's largest developed and emerging economies on plans to haul the world out of the deepest downturn since the 1930s.
Obama plays down G20 splits
U.S. President Barack Obama denied rifts between the world's leading economies on the eve of a crisis summit and urged them on Wednesday to act together to find the fastest route out of global recession.
RIM opens software store for BlackBerry
Research In Motion has launched an online store selling entertainment, games, news, and travel applications to its BlackBerry users.