The S&P 500 closed at a record high Wednesday as stocks were mostly higher on positive earnings reports. With about 30% of the companies in the Standard & Poor's 500 index reporting, 68% have topped estimates.
A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established after the 2008 financial crisis was sentenced on Wednesday to two years in prison.
American Apparel has disclosed the names of four new board members, including the first female director in the history of a company known for racy advertising.
New Zealand's central bank signaled it will pause its interest-rate increases amid benign inflation and a currency it said is at an �unjustified and unsustainable� level.
WASHINGTON�U.S. securities regulators on Wednesday took a long-awaited step to reduce risk in the $2.6 trillion money-market mutual-fund industry, completing rules intended to prevent a repeat of an investor stampede out of the funds during the 2008 ...