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.
Stocks were little changed on Wednesday on caution about the outcome of a European summit to resolve the debt crisis and mixed corporate results.
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.
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.
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.
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.
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.
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.
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.
Many small investors in China have turned to gold as high inflation threatens to erode wealth in the world's second-largest economy, leading to small gold exchanges springing up all over the country.
Nomura Holdings , Japan's largest investment bank, is planning major cost cuts that will like have the biggest impact on its loss-making European operations, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Amazon.com Inc shocked investors with a far weaker-than-expected outlook for the crucial holiday season quarter as it spent heavily on its new Kindle Fire tablet computer.
Because there's plenty of time to be slutty after the costume party.
Rick Perry's tax plan -- one he hopes will boost his Republican presidential candidacy -- gives Americans two options.
As Groupon pitches its initial public offering plans to investors, analysts continue to give tepid views on the stock's prospects.
Although all members were re-elected to News Corporation's board of directors Friday, shareholder votes showed that not everyone is happy with the company's leadership.
