NEW YORK - Stock indexes dropped for a third straight session on Wednesday after Federal Reserve officials cast doubt on the outlook for more interest rate cuts, driving the Nasdaq into bear market territory.
NEW YORK - BHP Billiton’s might have to sweeten its $147.4 billion bid for rival miner Rio Tinto to win over shareholders, one fund manager has said on Wednesday.
NEW YORK - MetLife Inc , the largegest United States life insurer, has said on Wednesday that net income fell in the fourth quarter, based on a comparison with a $3 billion after-tax gain a year ago.
NEW YORK - Oil prices fell toward $87 a barrel on Wednesday, extending this month’s losses to more than 5 percent, after a government report showed a surprisingly large construct in United States petroleum stockpiles.
NEW YORK - Oil prices fell toward $87 a barrel on Wednesday, extending this month’s losses to more than 5 percent, after a government report showed a surprisingly large construct in United States petroleum stockpiles.
WASHINGTON - United States productivity rose at a solid clip in the fourth quarter as employers sharply cut the number of hours worked, restraining growth in labor costs, according to a report on Wednesday that may ease lingering concerns on inflation at the Federal Reserve.
WASHINGTON - United States productivity rose at a solid clip in the fourth quarter as employers sharply cut the number of hours worked, restraining growth in labor costs, according to a report on Wednesday that may ease lingering concerns on inflation at the Federal Reserve.
WASHINGTON - United States Treasury Secretary Henry Paulson has said on Wednesday he was concerned special-interest groups were lining up for handouts in an economic stimulus bill and urged senators to keep it focused on simple tax rebates.