BOSTON (Reuters) - Oracle Corp said on Wednesday that quarterly profit rose 35 percent as new software sales soared, beating expectations at a time when investors are nervous that IT spending is slowing, and its shares climbed 4 percent.
NEW YORK (Reuters) - Barclays Bank Plc on Wednesday accused Bear Stearns Co Inc of using two hedge funds that collapsed last summer as places to unload troubled assets.
NEW YORK (Reuters) - China has agreed to pump $5 billion into Morgan Stanley as the U.S. investment bank reported a stunning fourth-quarter loss fueled by $9.4 billion in write-downs in subprime mortgages and other assets.
WASHINGTON (Reuters) - The Federal Reserve said on Wednesday it auctioned $20 billion in a special operation to thaw credit markets at an interest rate of 4.65 percent, a higher-than-expected rate that suggested banks were eager to pad their cash reserves.
NEW YORK (Reuters) - The Dow industrials and the S&P 500 declined slightly on Wednesday in light trading on concerns about more fallout from the housing slump.
NEW YORK (Reuters) - Five banks in the New England region will announce a $125 million fund on Thursday to help subprime borrowers, the Boston Federal Reserve Bank said on Wednesday.
LOS ANGELES (Reuters) - Nike Inc said on Wednesday that quarterly net profit jumped 10 percent, topping Wall Street estimates, helped by strong international demand and higher margins.
NEW YORK (Reuters) - Standard & Poor's on Wednesday slashed its outlook for Ambac Financial Group and MBIA Insurance Corp, the world's biggest bond insurers that insure more than $1.2 trillion in debt.
NEW YORK (Reuters) - Home foreclosure filings fell in November from October, though they may remain at elevated levels as rising payments on adjustable loans pressure borrowers, a real estate data company reported on Wednesday.
NEW YORK (Reuters) - A former senior Refco Inc executive pleaded guilty on Wednesday to criminal charges for his role in an alleged fraud that led to the collapse of the futures and commodities broker.
