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Wall Street ends lower after Fed statement, oil drop

U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year.


GM says it has no plans to extend ignition switch claims deadline

General Motors Co (GM.N) on Wednesday said it does not plan to extend a Jan. 31 deadline to file claims in its faulty ignition switch compensation program, rejecting pleas from two U.S. senators to extend the cutoff.

Sotheby's to raise charges for art buyers

Buying art at Sotheby's (BID.N) will soon become more expensive as the top international auction house announced it is increasing its buyer's premium, the rates it charges a successful bidder.

Salix Pharma to restate past seven quarters' results

Salix Pharmaceuticals Ltd said it would restate financial statements for all of 2013 and the first three quarters of 2014, adding to the drugmaker's list of woes.


Latest News

Facebook Inc's (FB.O) revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales.
Michael Strahan gave a nod to his upcoming movie, "Magic Mike XXL," by having the opening number for the awards show with male dancers. His antics do not stop there as the host is shown wearing Maleficent and Gandalf costumes.
Netflix is preparing a fun series for us. Wet Hot American Summer is going to hit our TVs soon. Original cast from the movie are reunited.
Kendrick Lamar’s 3rd studio album is expected to be released today based on previous reports, but that of course did not happen. TDE already denied the rumor through its official Twitter account. But the release of his album according to recent reports will happen very soon.
This year's Coachella will be another awkward yet the most anticipated event for the former couple Robert Pattinson and Kristen Stewart. Surprising facts have been revealed by the "Twilight" star to Rob's new girlfriend as well as leaving Hollywood.
Leah Jean Waldhart's trial is moved to mid - April of this year. Crime lab issues are said to be the main reason for the delay.
"Bruce Jenner" is enjoying his life despite of the sexuality rumors surrounding him. Daughters Kim and Khloe are very supportive and is simply enjoying bonding time with their step-dad.
The annual NFL drafting has started. This most-anticipated event made the 300 potential players excited for this big opportunity. Yet, the league earlier announced that they are focusing to the "sleepers" this year.
Rapper Chris Brown had to delay his concert tour because he failed to complete to his community service hours. Chris quickly apologized to his fans.
Would you ever team up with an ex-flame for a chance to win $350,000? Well, casts of the MTV reality show "The Challenge"is up to the challenge! See more twists, turns and cat fights on this intriguing reality show on MTV.