Fed Raises Interest Rates by Quarter-Point
43 minutes ago
The Federal Reserve pushed short-term interest rates higher Wednesday, part of a campaign begun last June and expected to continue well into this year to keep inflation and the economy on an even keel.
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Dow Closes Up 45 While Nasdaq Gains 6
2 hours, 49 minutes ago
Upbeat results from Google Inc. and Boeing Co. led stocks higher for a third straight session Wednesday as a widely anticipated rate hike and a little-changed policy statement from the Federal Reserve freed investors to show some enthusiasm.
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Ex-WorldCom Directors' Deal Breaks Down
Wed Feb 2, 6:35 PM ET
A unique deal in which 10 former WorldCom directors would personally pay $18 million of a $54 million settlement to compensate investors over the company's plunge into bankruptcy will be withdrawn, plaintiffs said Wednesday.
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Witness Describes False WorldCom Entries
1 hour, 56 minutes ago
A former top accountant at WorldCom Inc. testified Wednesday she was told to make improper accounting entries because CEO Bernard Ebbers did not want to lower expectations for Wall Street.
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Boeing Forecast Overshadows Earnings Drop
Wed Feb 2, 6:04 PM ET
Boeing Co.'s fourth-quarter earnings sank 84 percent but the aerospace giant impressed Wall Street on Wednesday by forecasting a big jump in commercial airplane deliveries next year, reflecting a resurgent market and its own improved prospects against Airbus.
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Scrushy Said to Order HealthSouth Fraud
Wed Feb 2, 5:38 PM ET
With earnings sagging at HealthSouth Corp., then-chief executive Richard Scrushy ordered aides to continue a huge fraud because he planned to sell $100 million in stock and "didn't want to get sued," a former finance chief testified Wednesday.
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Tokyo Stocks Slip; Dollar Up Vs. Yen
1 minute ago
Tokyo stocks slipped Thursday as investors grew cautious ahead of more earnings reports from major Japanese companies later in the day. The dollar was higher against the Japanese yen and the euro.
Amazon.com 4Q Income Rises, Misses Views
2 hours, 51 minutes ago
Amazon.com Inc. said Wednesday that earnings for its all-important fourth quarter rose more than fourfold, but the Internet retailing giant was helped by a big one-time tax benefit and missed Wall Street expectations.
NYSE Report: Grasso Helped Set Huge Payout
Wed Feb 2, 4:14 PM ET
Richard A. Grasso had too much control in setting his controversial $187.5 million compensation as chairman of the New York Stock Exchange and took advantage of personal connections with board members to push it through, the NYSE claimed in a previously confidential report released Wednesday.
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Blockbuster Makes Hostile Hollywood Bid
2 hours, 1 minute ago
Blockbuster Inc. has raised the ante for rival movie-rental chain Hollywood Entertainment Corp., launching a hostile takeover bid that it hopes will derail Hollywood's pending sale to Movie Gallery Inc.
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Oil Prices Fall Below $47 Per Barrel
Wed Feb 2, 4:48 PM ET
GE to Halt New Business Orders in Iran
Wed Feb 2, 1:14 PM ET
Tower Automotive Files for Chapter 11
Wed Feb 2, 1:04 PM ET
German Unemployment Passes 5 Million Mark
Wed Feb 2, 2:17 PM ET
EU Sets Out on Course to Create More Jobs
Wed Feb 2, 1:33 PM ET
Iger Describes Running for Disney CEO Job
Wed Feb 2, 5:05 PM ET
TXU Posts $626M Loss, Beats Expectations
Wed Feb 2, 4:37 PM ET
Google Shares Surge 7 Percent to New High
Wed Feb 2, 5:53 PM ET
Home Movie Sales Drive News Corp. Profits
Wed Feb 2, 6:19 PM ET
CVS Posts 12.2 Percent Rise in 4Q Earnings
Wed Feb 2, 4:56 PM ET
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