FOX News: Business
FOXBusiness.com - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 14 min 26 sec ago
Oil futures climbed a bit more on Wednesday following weekly data that showed a climb in crude supplies that was much less than the market expected.
General Electric said it will record a $1.7 billion charge as it meets refund obligations related to the 2008 sale of its Japanese consumer loan business to Shinsei Bank.
Sales of new single-family homes surged to a 5-1/2-year high in January, which could ease concerns of a sharp slowdown in the housing market.
Shares of solar-panel maker First Solar Inc. fell 12% in early trading Wednesday following an earnings miss late Tuesday.
Sales of new single-family homes started 2014 with surprising strength, rising 9.6% in January to a seasonally adjusted annual rate of 468,000, the fastest pace in more than five years, according to government data released Wednesday.
The T.J. Maxx and Marshalls parent reported weaker-than-expected fourth-quarter earnings as unusually cold winter weather kept some shoppers at home.
Sony Corp's electronic unit said on Wednesday it is closing 20 retail stores in the United States and cutting 1,000 jobs, as the TV and game console maker tries to stem losses and regain market s
Tech stocks rose in early trading Wednesday, with broad gains across the sector.
Shares of Plug Power Inc. soared 17% to $4.61 on Wednesday following news the fuel-cell maker won a contract to supply fuel-cell units, fuel, and services to six Wal-Mart Stores Inc. distribution centers.
U.S. stocks stepped higher at the open on Wednesday, as investors waited for data on home sales and speeches from two Federal Reserve officials.
The broad S&P 500 climbed toward its record highs as traders awaited a reading on new-home construction.
The sales pace of new single-family homes likely slumped for a third month, ticking down to a seasonally adjusted annual rate of 405,000 in January from a 414,000 pace in December, according to economists polled by MarketWatch.
Gold retreated from earlier four-month highs on Wednesday as the dollar firmed, but was still seen benefitting from uncertainty over China's economic policies and worries about the U.S. recovery in the short term.
Three former Barclays traders appeared in a London court on Wednesday charged with running a two-year scheme to manipulate Libor benchmark interest rates.
Delta Air Lines Inc said on Wednesday it would make a major change to its frequent-flier program, basing the number of miles earned toward free flights on how much customers spend rather than the distance traveled.
Teen apparel retailer Abercrombie & Fitch Co reported a 58% fall in quarterly profit as it struggles to keep up with the tastes of young shoppers.
Barnes & Noble Inc, the largest U.S. bookstore chain, on Wednesday reported a profit for the holiday quarter, despite a drop in revenue, as it lowered its Nook digital business costs.
Using mobile apps to connect passengers with drivers, ridesharing services like UberX and Lyft say they are bringing new zip to transportation. But a number of cities say they don't want to share the road until they get something utilitarian: better insurance.
Chesapeake Energy Corp swung to a quarterly net loss, hurt by charges related to its efforts to reduce debt and simplify its balance sheet.
Royal Bank of Scotland's new chief executive will unveil his turnaround strategy for the part-nationalised lender on Thursday after announcing 2013 results expected to show an 8 billion pound ($13 billion) loss.