NEW YORK - Stocks rose on Wednesday, constructing on the day before’s large gains, as a further drop in oil prices and a reassuring outlook from Cisco Systems overshadowed persistent credit concerns.
NEW YORK - Stocks rose on Wednesday, constructing on the day before’s large gains, as a further drop in oil prices and a reassuring outlook from Cisco Systems overshadowed persistent credit concerns.
PHILADELPHIA/NEW YORK - Blackstone Group LP posted a second-quarter loss as tight credit markets curtailed purchaseouts, but the private equity firm has said on Wednesday the choppy economic environment offered a few investment opportunities.
NEW YORK (AP) — Wall Street has had another winning day as a drop in oil prices and a better-than-expected profit report from technology bellwether Cisco Systems Inc. eased worries about the financial sector….
GENEVA (AP) — A $10 billion takeover bid from Anglo-Swiss mining giant Xstrata PLC sent shares in rival Lonmin PLC soaring Wednesday, but the world’s No. 3 platinum producer rejected the offer as too low….
NEW YORK (AP) — Oil prices briefly dropped below $118 a barrel Wednesday - $30 below their all time high - after a jump in United States crude and other fuel supplies fed beliefs that high energy prices are eating into demand….
KANSAS CITY, Mo. (AP) — Sprint Nextel Corp.’s up-and-down road to recovery continued Wednesday as the company reported adjusted second-quarter results that beat Wall Street expectations as well as a slower loss of subscribers….
HARTFORD, Conn. (AP) — Connecticut sued Countrywide Financial Corp. on Wednesday, becoming the latest state to take the mortgage lender to court over its lending practices….