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  • Tech stock lead Wall St. higher as China fears ebb
    (Reuters) - U.S. stocks were higher in late morning trading on Wednesday, rebounding from steep losses a day earlier, after China intervened to support its financial markets and help stem a global equities selloff.
  • Bill Gross: Fed tightening now could create self-inflicted instability
    NEW YORK (Reuters) - Bond guru Bill Gross, who has long called for the Federal Reserve to raise interest rates, said on Wednesday that U.S. central bankers may have missed their window of opportunity to hike rates earlier this year and doing so now could create "self-inflicted" instability.
  • U.S. private payrolls rise steadily; productivity revised up
    WASHINGTON (Reuters) - U.S. private employers maintained a solid pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year.
  • VW's CEO Winterkorn set to stay on for three more years
    HAMBURG/STUTTGART (Reuters) - The executive committee of Volkswagen's supervisory board has proposed extending Martin Winterkorn's contract as chief executive until the end of 2018, the company said on Tuesday, opening the door to the appointment of a new chairman.
  • Oil falls on large U.S. crude stocks
    LONDON (Reuters) - Oil prices fell on Wednesday after U.S. government data showed a big rise in crude oil stocks, adding to concerns about global oversupply and sluggish economic growth in China.