Business

U.S. stocks were little changed on Wednesday ahead of an announcement by the Federal Reserve on the future of its economic stimulus program. Investors were hesitant to make big bets ahead of what is expected to be the first tentative...

U.S. chief executives were less optimistic about the economy in the third quarter, with fewer expecting to increase sales or boost capital spending than in the preceding three months, a survey by the Business Roundtable showed. The group's CEO Economic...

FedEx Corp (FDX.N) posted a better-than-expected quarterly profit on cost cuts and said it would raise rates next year for express shipping, a business that has suffered as customers shift to slower but cheaper delivery options. The company, considered an...

Microsoft Corp (MSFT.O) said it would buy back up to $40 billion of its shares and raise its quarterly dividend by 22 percent. The new share repurchase program, which has no expiration date, replaces a $40 billion buyback program that...

Wall Street was set for a flat open on Tuesday before the start of the Federal Reserve's two-day meeting, while inflation data supported the case for the Fed's starting to reduce its stimulus measures. Investors were hesitant to make big...

Beauty products maker Coty Inc (COTY.N) reported a better-than-expected adjusted profit in its first quarterly results as a public company, mainly due to strong sales of branded perfumes such as Marc Jacobs and Chloe in Asia. The company, however, said...

The European Central Bank's upcoming assessments of bank balance sheets should include in-depth details on their government bond holdings to be credible, one of the central bank's top policymakers said on Tuesday. The ECB will directly supervise 130 top euro...

U.S. stocks rose on Monday after former Treasury Secretary Lawrence Summers' withdrew as a candidate for Federal Reserve chairman, removing market uncertainty about a long confirmation process that already had plenty of opposition. The move means a path for the...

The World Bank, faced with a tight budget and greater competition for development funds, aims to become more selective in its lending, focusing on fragile states, sub-Saharan Africa, South Asia and other areas where it can have the greatest...

The Vatican department in charge of paying salaries and managing real estate acted improperly as a parallel bank, providing accounts to outsiders, an arrested prelate who worked there for 22 years has told Italian prosecutors. The latest allegations of misdoings...