Westpac Banking Corp. , Australia's best performing bank stock the past year, said first-half profit rose on deposits and loans, helping it shrug off higher funding costs. via Bloomberg.com - Asia
Stocks are on the rise Wednesday after the Federal Reserve cut interest rates by one-quarter of a point to 2 percent. via Charlotte Channel 9
FTD Group Inc. , the florist network and Web site operator, will be acquired by Internet service provider United Online Inc. via Chicago Business
The Federal Reserve's interest rate statement Wednesday: The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 2 percent. via Kentucky.com
Los Angeles Business from bizjournals - from the Charlotte Business Journal Wachovia Corp. via Los Angeles Business
"We are in close contact ... and will continue to work with them"
The Treasury Department announced Wednesday that it's bringing back the 52-week bill to help with the government's expanding funding needs. via MarketWatch
"It's up to us with our store experience to capture their (more affluent customers') imagination and make sure they shop with us when things turn around"
Eduardo Castro-Wright addressed a group of investors in New York this morning, giving the keynote address for a conference hosted by the Lehman Brothers group. via WalmartWatch.com
"Given the upward surge in gold this year, it's probably logical that prices would come off"
Gold futures plunged to a four-month low Tuesday after a stronger dollar and a drop in crude prices fed selling of the metal traditionally viewed as a hedge against inflation. via Quamnet
"The markets will now wait and see ... what's going to happen tonight, unless there's more news on the supply side"
Oil prices steadied Wednesday after tumbling more than $3 a barrel in the previous session on a strengthening U.S. dollar and data showing a dramatic drop in American fuel demand.
Trading was cautious in Asia as market participants awaited the U.S. Federal Reserve's decision on interest rates later Wednesday.
Analysts believe a quarter percentage point rate cut is already factored into the oil market. A decision to hold rates steady could further strengthen the dollar, though, causing oil to resume its slide. Read more
Asia stocks were mixed on Tuesday with investors looking ahead to a U.S. decision on interest rates. via Reuters Video
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