The New York Stock Exchange said Wednesday it plans to remove mortgage lender NovaStar Financial Inc. from its trading list because the company no longer meets its minimum requirements.
Base metals declined Wednesday after the Commerce Department reported homebuilding slumped to its lowest level in 14 years, raising concerns that demand for copper and other raw materials could ebb.
The dollar continued to weaken on Wednesday, as U.S. economic reports showed a plunge in new home construction, higher inflation and cooler third-quarter economic activity.
EBay Inc. reported Wednesday a third-quarter net loss of more than $936 million (?659.15 million) ?a rare plunge into the red for the e-commerce juggernaut caused by previously announced charges to its Skype telecommunications division.
Wall Street ended a volatile session mixed Wednesday as investors'concerns about sluggish housing, tight credit and rising oil prices intensified their uneasiness over a motley batch of corporate profits.
Morgan Stanley is cutting about 300 jobs at its institutional securities business, which was hurt by a global freeze in the credit markets, a person familiar with the situation said Wednesday.
Shares of The New York Times Co. fell Wednesday following news that a dissident investor who had been pushing for changes at the family-controlled company sold his 7.2 percent stake.
The recent turbulence that has rocked Wall Street and financial markets around the world will be the No. 1 topic when officials from the richest countries gather later this week.
Struggling mortgage lender Countrywide Financial Corp. expects to book a pretax charge ranging from $125 million (?88.03 million) to $150 million (?105.63 million) related to its plan to slash thousands of jobs amid rising defaults and foreclosures.
The U.S. economy logged slower growth in the early fall as troubles in the housing and credit markets weighed on companies and individuals alike, the Federal Reserve reported Wednesday.
A joint venture between Air France-KLM and Delta will benefit trans-Atlantic travelers looking for more nonstop flights to airports such as London's Heathrow, though analysts anticipate little impact on fares.
President Hu Jintao gave the longest public speech of his political life this week, dwelling at length on the Communist Party's social goals but spending little time on the economy. Hours later, the Shanghai stock market's key index hit a new high.