Charles Haldeman Jr., CEO of mortgage giant Freddie Mac, will resign by the end of the year, the organization said on Wednesday.
The Congressional super committee charged with finding $1.2 trillion in deficit reductions by Nov. 23 was reportedly encouraged to aim higher by Senate Democrats.
The Eurozone aims to leverage its 440 billion euro bailout fund, the EFSF, several fold but finance ministers will only agree the details of how that will be done in November, according to a draft statement to be issued after a summit on Wednesday.
Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value while his successor stuck with the company's line that it had done nothing wrong.
Stocks were little changed on Wednesday on caution about the outcome of a European summit to resolve the debt crisis and mixed corporate results.
A whirl-wind day in the financial crisis: the European Central Bank renewed loans to key banks, and Germany backed an increase in the bailout fund ahead of a European leader summit to discuss debt-plagued Greece. Is the crisis over? Far from it, but it is a start. Here's how the Greece situation can affect your life.
The incoming head of the European Central Bank threw the euro zone a lifeline hours before a crucial summit on Wednesday which looked set to fall short of a definitive plan to tackle the bloc's debt crisis.
Stocks erased early gains on Wednesday, with the Dow and S&P well off their highs and the Nasdaq negative, on caution over a European summit to resolve the debt crisis and the economic outlook.
Rajat Gupta, a former director of Goldman Sachs Group Inc and Procter & Gamble, was arrested on Wednesday on insider trading charges, making him the most prominent executive to be accused in a broad U.S. crackdown on illegal leaks of corporate secrets.
Shares of Amazon.com, the world’s biggest e-retailer, plunged 12 percent in the first hour of trading, wiping out $9 billion in value, after the company reported disappointing third-quarter results.
Demand for a range of long- lasting manufactured goods recorded their largest gain in six months in September, cementing views of a step-up in economic growth in the third quarter and suggesting the year's final quarter started with some momentum.
Ford Motor Co. posted lower third-quarter earnings after misjudging the threat of higher commodity costs and writing down the value of hedge positions.
Shares of Amazon.com, the world’s biggest e-retailer, plunged 12 percent in pre-market trading, wiping out $9 billion in value, after the company reported disappointing third-quarter results.
Precious metals miner Claude Resources increased its offer for the rest of St. Eugene Mining Corp. in a stock deal that now values the smaller gold exploration company at $18.7 million, the Canada-based company said.
During a CNBC interview on Tuesday, Gov. Rick Perry said the huge tax breaks to the wealthy offered under his new flat-tax plan is necessary for job creation.
Gold prices headed for a fourth consecutive daily gain Wednesday as investors returned to the yellow metal for protection from the ongoing risks to the European economy and weakness in the U.S. economy.
Olympus Corp Chairman and President Tsuyoshi Kikukawa stepped down on Wednesday in response to a widening scandal over dubious acquisition deals, as sources said Japan's securities watchdog was looking into the 92-year-old firm's past dealings.
Stock index futures pointed to a higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.6 to 0.8 percent.
Olympus Corp announced Wednesday that its chairman and president Tsuyoshi Kikukawa had stepped down over media reports of a widening scandal, as sources said Japan's main securities watchdog was looking into the 92-year-old firm's dubious acquisition deals.
The top after market NYSE Losers on Tuesday were: DeVry, Lincoln National, Las Vegas Sands, Discover Financial, FMC Technologies, Radioshack, MetLife, Interpublic Group of Companies, Alcoa and Capital One Financial Corp.
Investors stayed cautious ahead of a summit expected to deliver pledges to tackle the euro zone's debt crisis rather than firm commitments, keeping the euro above $1.39 as stocks markets traded little changed.
Spot gold rose nearly 1 percent on Wednesday to its highest level in more than a month, as safe-haven demand returned on growing doubts over a resolution to the Eurozone debt crisis ahead of a key European Union summit later in the day.
