NEW YORK (Reuters) - No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.
NEW YORK (Reuters) - U.S. stocks ended higher on Thursday, pushing both the Dow and S&P 500 to record closing highs, a day after the U.S. Federal Reserve kept intact its pledge to keep interest rates low.
(Reuters) - Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
SAN FRANCISCO (Reuters) - Oracle Corp's longstanding Chief Executive Larry Ellison stepped down on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, as the business software company looks to modernize and fend off fast-moving cloud-based rivals.
SEATTLE (Reuters) - Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.
NEW YORK (Reuters) - A U.S. appeals court signaled its displeasure with Argentina on Thursday as Citigroup Inc warned it faces "serious and imminent hazard" if it follows a judge's order not to process an upcoming interest payment due to bondholders.
NEW YORK (Reuters) - If history is any guide, investors who miss out on getting a slice of Alibaba's massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange.
WASHINGTON (Reuters) - The net worth of Americans hit a record high in the second quarter as the stock market climbed, while household debt rose at its fastest pace since 2007 in a sign of growing confidence among U.S. consumers.