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House GOP Abandons Proposal
Last-minute protests from conservatives in the House created a day of delay and confusion in Congress's efforts to avoid a U.S. debt default, as Republican leaders failed to craft a GOP budget proposal that could muster enough votes to pass.
Tue, 15 Oct 2013 22:45:56 EDT
U.S. Debt Rating Put on Watch
Fitch Ratings warned it could strip the U.S. of its top credit rating, in the latest sign that the brinkmanship in Washington is eroding investors' confidence in U.S. institutions.
Tue, 15 Oct 2013 20:45:42 EDT
Alibaba's Earnings More Than Double
Alibaba saw second-quarter earnings more than double, according to shareholder Yahoo, as China's largest e-commerce company by sales volume draws closer to a widely expected IPO.
Tue, 15 Oct 2013 23:49:45 EDT
China to Sell 2 Reactors to Pakistan
Pakistan is acquiring two large nuclear power reactors from longtime ally China, officials said, under a $9.1 billion deal that has raised concern in Washington that Beijing is overstepping international rules.
Tue, 15 Oct 2013 23:56:28 EDT
Dublin Moves to Block Controversial Tax Gambit
The Irish government is targeting a maneuver that Apple and other companies have used to minimize taxes—a move aimed at countering international criticism.
Tue, 15 Oct 2013 23:34:33 EDT
Asian Shares Make Some Gains
Stocks in Australia and South Korea are ahead but Japan's Nikkei is off 0.1% early on Wednesday as U.S. budget negotiations continue ahead of a deadline on the federal borrowing limit.
Tue, 15 Oct 2013 22:38:52 EDT
Yahoo: Profit Stuck, for Now
Yahoo Chief Executive Marissa Mayer turned in another quarter without meaningful growth, despite bringing on a host of new companies through acquisitions.
Tue, 15 Oct 2013 22:29:25 EDT
Coke's Profit Rises 5.9%
Beverage company's third-quarter earnings rose 5.9%, but its revenue slid amid a challenging economy and volatile emerging markets.
Tue, 15 Oct 2013 22:31:37 EDT
Intel's Profit Drops Slightly
Intel reported a slight decline in third-quarter profit in the latest sign that personal computer sales continued to sag over the summer.
Tue, 15 Oct 2013 21:46:00 EDT