Legendary billionaire investor Warren Buffett today said he has been enormously lucky with his business ventures but added he would prefer not to be born rich.
The Federal Reserve objected to Bank of America Corp's plans to boost dividends in the second half of 2011 and told the bank to revise its proposal, sending shares down 1.7% in premarket trading.
Struggling conglomerate Dubai World signed a final agreement with creditors to restructure USD 24.9 billion in debt on Wednesday, switching the focus onto how it will pay for the deal.
New US single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, a government report showed on Wednesday, suggesting the housing market slide was deepening.
Goldman Sachs Group Inc Chief Executive Lloyd Blankfein was set to testify on Wednesday as a government witness at the trial of hedge fund manager Raj Rajaratnam, intensifying the focus on what is already the biggest insider trading case in decades.
Nokia will start talks with staff at the end of April on substantial job cuts that follow its tie-up with Microsoft, the company said on Wednesday.
Global shipments of light-emitting diode (LED) TVs will likely surpass a record 100 million units this year as more consumers choose them over liquid crystal display (LCD) TVs, a report showed Wednesday.
Radioactive iodine exceeding the limit considered safe for infants has been detected in Tokyo's tap water amid mounting concerns over food safety in the tsunami-hit Japan, which is struggling to contain an atomic crisis at its crippled Fukushima nuclear power plant.
Western forces today pounded several Libyan military targets across Tripoli as fighting raged in a number of cities between the rebels and forces loyal to Muammar Gaddafi and NATO allies tried to overcome differences over the role they should play in Libya.
US President Barack Obama ruled out any changes in the Operation Odyssey Dawn for Libya till its ruler Muammar Al Gaddafi was in power or till the time he changed his approach towards his own people.
Japan's triple disaster could well provide the final nudge for companies to shift production overseas and away from the risks that have sent a shudder through the global supply chain.
The US has slapped sanctions on 14 companies controlled by Libya''s state oil company, cutting off a key source of funds for the Muammar Gaddafi''s regime.
The United States became the first nation to block imports from ally Japan's radiation zone, saying it will halt milk, vegetable and fruit from areas near the tsunami-smashed nuclear plant because of contamination fears.
Western powers attacking Libya will end up in the dustbin of history, Muammar Gaddafi said as his troops held back rebels despite four nights of air strikes.
The Japanese government on Wednesday estimated the direct damage from a deadly earthquake and tsunami that struck the country's northeast this month at 16-25 trillion yen (USD 185-308 billion), making it the world's costliest natural disaster.
As the world confronts Muammar Gaddafi, the question being asked is, will Western coalition forces and pro-democracy fighters win the battle against the Libyan leader? Michael Crawford is an independent consultant and writer gives his perspective on the recent developments in the region.
Goldman Sachs Group Inc chief Lloyd Blankfein will be called to testify at Raj Rajaratnam's insider trading trial as soon as this week, but prosecutors want to prevent him being questioned about any legal issues facing the bank, according to trial documents.
Portugal's parliament is expected to reject the government's latest austerity measures on Wednesday, setting the stage for the possible collapse of the minority Socialist administration a day before a European summit.
Japan has again been hit by another massive earthquake. Earthquake measuring 6 on Richter scale has hit north Japan. However, no damage has been reported yet.
Sony Corp cut output at five more plants and Toyota Motor Corp delayed restarting assembly lines, as the global supply of parts and products began to feel the full impact of Japan's catastrophic earthquake.
AT&T's USD 39 billion bid to buy Deutsche Telekom AG's T-Mobile will face scrutiny from US regulators and oversight lawmakers, who will likely demand concessions to ensure open competition among mobile and Internet carriers.
The US recovery is gaining traction, two top Federal Reserve officials said on Tuesday, though they differed on the risks of inflation in the US economy.
A former Intel Corp managing director testified he shared the chipmaker's secrets with his close friend Raj Rajaratnam, the central figure in the biggest Wall Street insider trading trial in decades.
Trading volumes in emerging market debt reached an all-time record in 2010, driven by rising turnover in local market instruments, said EMTA, the association for the emerging markets debt trading industry.
Apple Inc CEO Steve Jobs, who is out on medical leave, has been ordered to answer questions from lawyers for a group of consumers accusing the company of creating a music-download monopoly.