Business

Traders work on the floor of the New York Stock Exchange Reuters

Stronger earnings and weak dollar lift Wall Street

Reuters – 40 mins ago

NEW YORK (Reuters) – Stocks rose on Wednesday on stronger earnings and outlooks from the industrial sector and a decline in the U.S. dollar that sent commodities higher, lifting materials and energy shares. Full Story »

  • U.S. wants G20 commitment to allow currency rises

    Reuters – 21 mins ago  

    WASHINGTON (Reuters) - The United States wants G20 finance leaders to make a clear commitment to facilitate and not impede market-driven exchange rate appreciation and will discuss current account targets as a possible means to do so, a senior U.S. Treasury official said on Wednesday. Full Story »

  • New York courts impose new foreclosure rule

    Reuters – 20 mins ago  

    NEW YORK (Reuters) - New York courts will become the first in the United States to require lawyers handling foreclosures for banks and servicers to take steps to ensure the procedure is done properly, the state's top judge said on Wednesday. Full Story »

  • Judge approves Citi's $75M settlement with SEC

    AP – Tue Oct 19, 3:49 pm ET  

    WASHINGTON - A federal judge has approved the government's $75 million settlement with Citigroup Inc. over charges it misled investors about billions in potential losses from risky mortgages. Full Story »

  • Surprise rate rise rattles Chinese banks

    Reuters – Tue Oct 19, 11:16 pm ET  

    HONG KONG/SHANGHAI (Reuters) - Hong Kong-listed shares of major Chinese banks fell on Wednesday after a surprise interest rate increase unsettled investors and raised questions about the central bank's next move to cool the Chinese economy. Full Story »

  • Summary Box: Wells Fargo posts $3.15 bln 3Q profit

    AP – 3 mins ago  

    RESULTS: Wells Fargo & Co.'s income rose 19 percent to $31.5 billion, or 60 cents per share in the third quarter, beating expectations of 55 cents per share. Full Story »

  • EU sets out plans for managing troubled banks

    AP – 3 mins ago  

    BRUSSELS - The European Commission outlined radical measures Wednesday to deal with banks that run into trouble with the key aim of making shareholders and creditors, not taxpayers, foot the bill. Full Story »

  • How to Find Your Optimal Debt Level

    U.S. News & World Report – 1 hr 32 mins ago  

    In the wake of the recession and mortgage crisis, it's easy to forget that all debt isn't bad. In fact, in certain situations, taking on debt can be a good thing. Student loans and, in some cases, using credit cards, can catapult a person into the next stage of her career. Full Story »

  • Too big to fail bank plans stretch into 2011

    Reuters – 46 mins ago  
    An employee puts a key into a safe box in Basel January 21, 2009.... Reuters

    SEOUL/BRUSSELS (Reuters) - Steps to avoid "too big to fail" banks from destabilising markets and the world economy will take longer to agree and a common global approach is beyond reach, regulators and central bankers said on Wednesday. Full Story »

  • Vitacost names interim CFO

    AP – Tue Oct 19, 6:10 pm ET  

    BOCA RATON, Fla. - Vitacost.com Inc., an online retailer of vitamins and personal care products, said Tuesday it has named Stephen E. Markert Jr. as its interim chief financial officer, effective immediately. Full Story »

  • How the Foreclosure Fiasco Threatens the Economy

    U.S. News & World Report – 36 mins ago  

    It might seem like a respite for struggling homeowners, but the sudden snags and slowdowns in thousands of foreclosure proceedings could prolong the housing bust well beyond its fifth year--and spell deep trouble for the broader economy. Full Story »

  • Iran postpones cutting petrol subsidies

    AFP – 2 hrs 24 mins ago  
    A motorist holds a fuel pump at a petrol station in Tehran. Iran... AFP

    TEHRAN (AFP) - Iran has again put off for a month plans to increase petrol prices by removing subsidies, which had been set to come into effect at the end of September, a senior official said on Wednesday. Full Story »

  • Why Higher Taxes Won't Backfire

    The Motley Fool – 1 hr 52 mins ago  

    Everyone knows that we have a huge tax problem. It's figuring out what to do about it that has triggered such a big debate that Congress has once again come to a standstill rather than dealing with the problem. Full Story »

  • Chrysler recalls vehicles for possible fire hazard

    Reuters – 1 hr 48 mins ago  

    DETROIT (Reuters) - Chrysler Group LLC is recalling 26,397 vehicles, saying a malfunction with the power steering pressure hose may cause steering fluid to leak over a hot engine and cause a fire. Full Story »

More Yahoo! News

World News

Afghanistan has thrown out nearly a quarter of ballots cast in last month's parliamentary elections because of fraud, according to full preliminary results released Wednesday. Full Story »

Technology News

Verizon to sell Samsung's iPad rival for $600

AP – 1 hr 24 mins ago

The first big-name competitor to the iPad in the U.S. won't be undercutting it in price. Full Story »

Science News

Swiss archaeologists find 5,000-year-old door

AP – 2 hrs 45 mins ago

Archaeologists in the Swiss city of Zurich have unearthed a 5,000-year-old door that may be one of the oldest ever found in Europe. Full Story »