NEW YORK (Reuters) - U.S. stocks fell for a fourth straight day on Wednesday as a World Bank forecast and further drop in copper prices fueled concerns about global weakness, though a late-day rebound in energy shares left the market well off its lows.
NEW YORK (Reuters) - Samsung Electronics Co Ltd recently approached BlackBerry Ltd about buying the company for as much as $7.5 billion, looking to gain access to its patent portfolio, according to a person familiar with the matter and documents seen by Reuters.
NEW YORK (Reuters) - Senior executives at JPMorgan Chase & Co are pressuring managers across the bank to cut costs, after the bank's disappointing revenue growth has prevented the profit gains the bank expected, a person familiar with the matter told Reuters.
WASHINGTON (Reuters) - U.S. retail sales recorded their largest decline in 11 months in December as demand fell almost across the board, tempering expectations for a sharp acceleration in consumer spending in the fourth quarter.
NEW YORK (Reuters) - Oil futures marked their strongest gain in more than two years on Wednesday, snapping a four-day losing streak as traders turned briefly away from the bearish pressures of a worldwide glut to focus on technical trading ahead of options expiration.
(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 6.6 percent drop in quarterly profit as legal costs exceeded $1 billion in the wake of government probes, leading Chief Executive Jamie Dimon to claim banks were "under assault."
(Reuters) - U.S. securities regulators took another step toward shedding more light on the over-the-counter derivatives market Wednesday, adopting a raft of measures to give them a direct window into the opaque market.
DETROIT (Reuters) - Internet search company Google Inc has begun discussions with most of the world's top automakers and has assembled a team of traditional and nontraditional suppliers to speed efforts to bring self-driving cars to market by 2020, a Google executive said on Wednesday.