NEW YORK (Reuters) - Stocks rose on Wednesday, buoyed by both the Federal Reserve's interest-rate cut and its view that credit market strains have eased somewhat and by reports showing surprising strength in economic growth and employment.
NEW YORK (Reuters) - U.S. oil hit a record over $95 a barrel on Wednesday, posting the biggest gain in 10 months after a steep drop in U.S. inventories fueled winter supply concerns and the U.S. Federal Reserve cut interest rates.
WASHINGTON (Reuters) - The Federal Reserve cut interest rates by a quarter-percentage point on Wednesday to buffer the economy from a housing downturn, but suggested further rate reductions were far from a sure bet.
NEW YORK (Reuters) - Sprint Nextel Corp, the No. 3 U.S. mobile service, is in talks to put applications from Web search leader Google Inc on its cell phones, a person familiar with the matter said on Wednesday.
NEW YORK (Reuters) - MetLife Inc , the largest U.S. life insurer, said on Wednesday that net earnings per share were barely changed for the third quarter, as it suffered investment losses, but operating net beat analysts' estimates.
(Reuters) - Medical device maker Boston Scientific Corp said a jury in the U.S. District Court in San Francisco found that the company infringed a patent of Cordis Corp, a unit of Johnson & Johnson .
NEW YORK (Reuters) - Prudential Financial Inc , one of the largest U.S. life insurers, said on Wednesday that third-quarter net income fell 25 percent, hurt by investment losses, but operating earnings beat analysts' expectations.
CHICAGO (Reuters) - Advance Auto Parts Inc , the No. 2 U.S. retail parts chain, reported on Wednesday that quarterly earnings rose on higher sales from previously announced initiatives, but said its margins were down.
NEW YORK (Reuters) - Cisco Systems Inc is expected to report solid quarterly results as its expansion in emerging markets and network upgrades by phone companies help minimize the effect of slower U.S. corporate spending.
NEW YORK (Reuters) - Private equity firm Cerberus Capital Management has withdrawn its $6.1 billion takeover offer for Affiliated Computer Services , citing poor debt market conditions, according to a regulatory filing on Wednesday.
