Oil prices hit their highest for the year on Tuesday, aided by a disruption in Libyan crude exports, higher selling prices for Saudi oil and a weaker dollar that tends to inflate commodity prices.
United States
U.S. Treasury eyes larger cash buffer against 'emerging threats'
The U.S. government said on Wednesday it will start keeping more cash on hand for when it can't tap debt markets, a measure that could help it pay bills during a natural disaster or a cyber attack.
Wall St. ends lower on global bond rout, Yellen warning
U.S. stocks ended weaker on Wednesday after U.S. Federal Reserve Chair Janet Yellen warned of high valuations, adding to anxiety about future interest rates and a global bond rout.
Yellen cites 'potential dangers' in U.S. stock valuations
Federal Reserve Chair Janet Yellen on Wednesday said high equity valuations could pose potential dangers but that stability risks across the U.S. financial system remained in check.
Fox revenue rises 1.2 percent as cable network business grows
Rupert Murdoch-controlled Twenty-First Century Fox Inc (FOXA.O) reported a 1.2 percent rise in quarterly adjusted revenue, helped by growth in its cable network business and the box office success of "Taken 3" and "Kingsman: The Secret Service".
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A surge in imports lifted the U.S. trade deficit in March to its highest level in nearly 6-1/2 years, suggesting the economy contracted in the first quarter.
Shares of Salesforce.com Inc (CRM.N) jumped 6.2 percent in late afternoon trading on Tuesday, after Bloomberg reported that Microsoft Corp (MSFT.O) is evaluating a bid for the cloud software provider.
U.S. stocks finished sharply lower on Tuesday after a surprisingly wide March U.S. trade deficit raised concerns that the economy shrank in the first quarter.
KKR & Co LP (KKR.N) said it would merge some of its private equity industry teams in the United States after two more of its leaders stepped down, and as it prepares the ground for raising its next flagship North American buyout fund.
New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.
Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.com stock boom 15 years ago now struggling to boost its bottom line in the era of cloud computing.
Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald's declined after the fast-food chain's turnaround plan left investors wanting more.
The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals.
The U.S. stock market has struggled for direction of late, but next week's payroll report could confirm whether the recent weakness in data and stock prices is waning as the weather warms, or the start of a longer-term trend.
