Current Business News

Cisco unveiled a new Internet technology Tuesday that it says will provide the ultra-fast data speeds necessary to stay ahead of users' rapidly growing online video demands.

STOCKHOLM (Reuters) - The parent of China's Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.

The hottest blue chip stock this year isn't what you think. It's not a big bank on the mend, a gadget maker with a hot new product, or a retailer with soaring sales.

Will Apple's tablet usher in a new era of computing, or simply dominate it?

Financially troubled Portugal raised 990 million euros ($1.34 billion) Wednesday in a key bond auction that had more bids than ...

American Eagle Outfitters rallies after shaking off recession to book 81% profit growth in the fourth quarter.

Published:March 10, 2010Paper Released:February 2010Authors:Jordan I. Siegel and Prithwiraj Choudhury Executive Summary: "Tunneling" refers to efforts by firms' controlling owner-managers to take...

A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securities and Exchange Commission said in a lawsuit filed on Tuesday.

The company responsible for a ballooning recall of processed foods continued to manufacture and distribute a flavor-enhancing ...

Royal Bank of Canada is interested in U.S. banks with $10 billion in assets or more to add to its consumer lending business, said James Westlake, an executive who oversees the international unit.

Oil prices jumped Wednesday, after a closely-watched report showed a smaller than expected increase in oil supplies and a dip in gasoline inventory.

The former chief investment official for New York State's comptroller's office pleaded guilty on Wednesday to a felony for his role in steering investment opportunities in the state's pension fund to firms connected to former state officials.

U.S. businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. ...

Inventories at U.S. wholesalers unexpectedly fell in January for a second month, signaling companies had difficulty keeping pace with demand.

Wall Street analyst opinions on stocks making headlines in Wednesday's market

Goldman Sachs Group Inc.'s Fred Hu will retire as chairman of Greater China after 13 years with the New York-based bank, according to an internal memo obtained by Bloomberg News.

Zions Bancorporation, the best- performing stock on the KBW Bank Index this year, rose as much as 9 percent in New York trading after telling investors it would make more money lending this quarter.

Investors in search of better returns poured $7.8 billion into high-yield municipal bond funds last year, pushing assets to a two-year high. They may start experiencing losses as early as this year as default risks grow.

The Fed's pledge to keep interest rates close to zero for an "extended period" has come under criticism from policy makers

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses. Prices are as of 10:10 a.m. in New York.

Indexes rose as concerns about Greece's financial crisis waned, a day after the S&P 500 closed at a seven-week high

Mr. Cause meet Mr. Effect. Last week, the governor of Colorado signed a new law levying sales taxes on online retailers. Amazon has officially balked. Effective today this week it pulled the plug on all its Colorado-based affiliates or associates. This isn't the first time it's...

Today, Vook released a multimedia version of Seth Godin's Unleashing the Ideavirus, which was originally published online ten years ago. I've been reading a lot about mixed media books designed for tablets and e-readers, so I thought I'd check out the new take on Godin's book,...

A Loan Extension: Louisiana Senator Mary Landrieu, a Democrat, called last week's loan extension "a good first step."'>The clock is ticking if you want to apply for bank loan with a Small Business Administration guarantee. The incentive program – consisting of a 90 percent...

U.S. wholesale inventories fell modestly in January, while sales rose to their highest level since October 2008, suggesting that inventories would continue to support economic growth in the first quarter.

Shares in Citigroup Inc , one of the big financial companies bailed out by the U.S. government, rose more than 4 percent on Wednesday, while another, American International Group Inc , jumped 10 percent.

SAN FRANCISCO (Reuters) - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scaling again any time soon.

Fertilizer producer Terra Industries Inc said on Wednesday it plans to accept a "superior" $4.68-billion takeover bid from rival CF Industries Holdings Inc unless Yara International boosts its competing offer.

In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.

The number of chief executives who left their posts surged in February to the highest level since September 2008, when the economy was rocked by the financial crisis.

Will Apple's tablet usher in a new era of computing, or simply dominate it?

A total of 30 states and Washington, D.C., reported rising unemployment rates in January, down from the number in the previous month, according to a government report released Wednesday.

The private equity fund Lone Star LS.UL plans to resume selling a $3.9 billion majority stake in Korea Exchange Bank, KEB said, in what would rank as South Korea's biggest banking deal to date, Reuters reported.

Terra Industries said on Wednesday that it has deemed a new $4.7 billion takeover offer by CF Industries Holdings is superior to a $4.1 billion deal it had already signed with Yara International of Norway.