Apple denied that the iPhone has a privacy problem Wednesday - and then promised to fix it. It took the technology giant a week to respond to a brouhaha over how the devices log their owners' movements.
The economy and job creation have strengthened enough for the Federal Reserve to end on schedule a program of buying Treasury bonds to help the economy, the Fed said Wednesday.
General Electric Co sees its best earnings growth prospects in a decade as the global economic recovery drives demand for the heavy energy and aviation equipment it makes.
A group of Facebook shareholders is seeking to offload $1 billion worth of shares on the secondary market, a sale that would value the company at more than $70 billion, according to five sources with direct knowledge of the situation.
China should take the lead in formulating a single currency for Asia, given the large size of its economy, suggested Malaysia's deputy minister of finance.
Wen recalls political ascendance from scratch
The US economic recovery is "proceeding at a moderate pace," and the Federal Reserve will continue its Treasury bond purchase program by the end of June, said the Fed.
More Chinese companies are eyeing Africa as an ideal place for investment as China encourages its companies to globalize, a survey report on China's outbound investments released on Wednesday showed.
BP PLC posted a 16 percent rise in first-quarter net profits on Wednesday as gains from the sale of major assets to pay for the Gulf of Mexico oil spill outweighed the ongoing cost of that disaster.
Johnson & Johnson is to buy Swiss medical devices maker Synthes Inc for 19 billion Swiss francs ($21.59 billion) in its largest ever buy.
Standard and Poor's threatened to cut Japan's sovereign credit rating again, warning the huge cost of last month's devastating earthquake will hurt already weak public finances.
HSBC, Europe's largest bank, plans to cut its Middle East workforce by up to 3 percent, the lender said in an emailed statement on Wednesday.
Amazon.com gave a confident revenue forecast that suggested its aggressive expansion into new businesses is paying off, soothing concerns about its slimmed-down profit margin.
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