United States

Obama taps investment banker for top Treasury finance post

President Barack Obama plans to nominate Antonio Weiss, a top official at investment bank Lazard (LAZ.N), to be under secretary of the Treasury for domestic finance, the White House said on Wednesday.


Weak telecom spending, emerging markets weigh on Cisco forecast

Network equipment maker Cisco Systems Inc forecast current-quarter profit below analysts' average estimate, weighed down by capital budget cuts at telecom service providers and weak sales in emerging markets.

FOMC member Charles Plosser: The U.S. Economic Outlook and Monetary Policy Key Points of Speech from UBS European Conference in London

Charles I. Plosser , President and Chief Executive Officer of Federal Reserve Bank of Philadelphia spoke on The US Economic Outlook and Monetary Policy at UBS European Conference, London, England today.

Some unhappy Yahoo investors asking AOL for rescue

At least two top-10 Yahoo Inc (YHOO.O) shareholders are so unhappy with Chief Executive Marissa Mayer's turnaround efforts that they are making a direct plea to AOL Inc (AOL.N) CEO Tim Armstrong to explore a merger and run the combined company.


Latest News

Some 400 works by Man Ray including photographs, films, sculptures and even chess sets will go under the hammer in Paris this month, the last chance for collectors to buy directly from the 20th century surrealist's estate.
The United States on Tuesday proposed that the International Monetary Fund write off some $100 million in debt it is owed by Guinea, Liberia and Sierra Leone to free up more resources for those countries, the hardest hit by the Ebola outbreak.
Chrysler Group will begin replacing potentially defective air bag inflators made by Takata Corp in more than 371,000 U.S. vehicles in early December, according to documents filed by the automaker with U.S. safety regulators.
Airlines are sticking with plans to buy the latest generation of fuel-saving passenger jets even though falling jet fuel costs have undercut the case for these planes, the head of one of the world's largest aircraft leasing companies said in an interview.
AT&T's $1.7 billion agreement to buy Iusacell, Mexico's No. 3 cellular operator, puts it in the unfamiliar position of market underdog, owning an asset that may require billions in investment to catch up to the market's two larger players.
Despite General Electric Co's impending sale of its appliances business, the company is not abandoning the consumer.The U.S. conglomerate, along with startup invention company Quirky, on Tuesday revealed seven "connected home" retail products that allow people to remotely control and monitor such things as temperature, doors and windows, water leakage and energy usage.
BlackRock Inc (BLK.N) is reorganizing its sales force and has hired Lee Beck, a former managing director with J.P. Morgan Funds, to oversee sales to wirehouses, according to an internal memo obtained by Reuters.
The Dow and S&P 500 eked out a fifth session of record closing highs on Tuesday, barely extending the market's recent rally in light volume as consumer discretionary shares gained.
Endeavor IP, Inc. (OTCQB: ENIP) ("Endeavor"), an intellectual property services and patent licensing company, announced today that Franciscus Diaba will join the company as president. He currently serves on the Company's board of directors.
The U.S. administration on Monday dramatically cut expectations for 2015 Obamacare enrollment, saying it aims to have a total of 9.1 million people enrolled in government-backed federal and state health insurance marketplaces next year.