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Dow hovers above 23,000, boosted by IBM

The Dow Jones Industrial Average stayed above the 23,000-mark in late morning trading on Wednesday with solid support from IBM, which reported strong earnings.

Recent Business News

Viacom, Charter agree to network deal for basic package: source

Viacom Inc and Charter Communications have agreed to a deal that would see eight of Viacom's networks included in the least expensive package of Charter's Spectrum cable service, a source told Reuters on Wednesday.

1:03pm EDT

Native American tribe holding patents sues Amazon and Microsoft

A Native American tribe sued Amazon.com Inc and Microsoft Corp in federal court in Virginia on Wednesday for infringing supercomputer patents it is holding for a technology firm.

12:31pm EDT

McDonald's South Korea office raided in burger probe: reports

SEOUL South Korean investigators raided the Seoul office of McDonald's Corp on Wednesday following a series of complaints that children fell ill after eating hamburger patties alleged to have been undercooked, Yonhap News Agency and other media said.

Health, South Korea 12:44pm EDT

Nasdaq, Singapore Exchange sign pact for collaborative listings

Singapore Exchange Ltd and Nasdaq Inc announced a pact on Wednesday that will allow firms to tap the capital markets possibly simultaneously under the two exchange operators' namesake exchanges.

11:28am EDT

U.S. SEC charges Rio Tinto, former top executives with fraud

SYDNEY/NEW YORK The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. | Video

8:33am EDT

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