Standard and Poor's lowered its long-term sovereign credit rating on Greece to "CCC" from "CCC positive", saying the government would likely default on its commercial debt in ..
Oil rallied for a second straight day on Wednesday, with U.S. crude nearing a one-month high and gasoline hitting its highest price since November, as a big U.S. stocks drawdo ..
A decade ago, Apple Inc helped revitalize a music industry hit hard by online piracy with its iTunes Store. Now, amid a steady slump in digital downloads, the industry is hope ..
German luxury carmaker BMW (BMWG.DE) unveiled its new flagship sedan, the 7-series, touting the car's digital prowess more than the number of cylinders and repositioning ..
Chinese e-commerce company Alibaba Group Holding Ltd is aiming to more than double its transaction volumes to more than $1 trillion in five years, Executive Chairman Jack Ma t ..
The United States posted a budget deficit of $82.4 billion in May, a 37 percent drop from the same period last year, the U.S. Treasury Department said on Wednesday. The defici ..
The blue-chip Dow Industrial Average opened higher for the first time in 5 days, while the Nasdaq Composite snapped a four-day losing streak, rising the most in a month. ..
Employee misconduct in foreign exchange trading that cost Citigroup Inc $2.5 billion in fines and penalties might have made only $1 million for the bank, an executive said on ..
The U.S. economy was probably not as weak as has been reported in the first quarter, with data on Wednesday showing slightly stronger consumer spending than previously estimat ..
Meredith Whitney, who turned fame as a banking analyst into a stint running her own hedge fund, is through with managing other people’s money. “I think that chapter of my life ..