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Dow opens above 23,000, powered by IBM

The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday, powered by IBM, which hinted at a revival in its growth after six years in retreat.

Recent Business News

Taiwan ministry expresses 'deep concern' about Qualcomm's antitrust fine

TAIPEI Taiwan's economics ministry said it is "deeply concerned" about the antitrust agency imposing a $775 million fine on Qualcomm Inc , in a rare public display of disagreement between authorities.

6:23am EDT

Europe's aviation agency advises against using Kobe Steel products

PARIS/TOKYO Europe's aviation regulator has advised aircraft manufacturers to stop using parts supplied by Kobe Steel until their safety can be verified, following product data manipulation by the Japanese company.

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 2:40am 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

Allergan ruling casts doubt on tribal patent strategy

A U.S. judge’s ruling on Monday invalidating Allergan Plc's patents on its blockbuster $1.5 billion dry-eye medicine, Restasis, has cast doubt on the company's novel strategy to enlist a Native American tribe to help shield those patents from challenge by generic drugmakers, legal experts said.

10:43am EDT

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