Asian markets were lower Thursday in the wake of Wednesday's Federal Reserve policy meeting outcome and a weak China PMI reading. The Hang Seng fell 2.2%.
Bernanke said the Fed could start winding down its $85 billion-a-month bond-buying program later this year, setting up a high-stakes test to see if the economy and markets can begin to stand on their own.
When Twitter bought video-sharing app Vine in October, it was largely viewed as a consolation prize after Facebook snapped up photo-sharing app Instagram. But now, Facebook is trying to catch up to Twitter in video.
General Motors is sticking to a goal of quadrupling its share of the Chinese market for luxury vehicles by the end of this decade even as it acknowledged a slowdown in the market and increasing risks there.
Economic sanctions against Iran have made it hard for Iranians to do business abroad. But Iranian businessmen are flocking to Georgia, a U.S. ally in the Caucasus region, to pursue profits.
FedEx's earnings were weighed down by restructuring charges in the latest quarter, and the shipping company reined in expectations amid weakness in its international priority business.
New York financier Leon Black was the mystery buyer of a $47.9 million Raphael drawing auctioned by Sotheby's, according to people familiar with the matter. But he hasn't been able to take the piece from the U.K.
New York financier Leon Black was the mystery buyer of a $47.9 million Raphael drawing auctioned by Sotheby's, according to people familiar with the matter. But he hasn't been able to take the piece from the U.K.
