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SNBbank-121814.jpg The Swiss National Bank decided to introduce negative interest rate to contain the demand for the currency and reaffirmed that it will defend the currency ceiling at an unscheduled meeting on Thursday. The central bank imposed an interest rate of -0.25 percent on sight deposit account balances at the SNB, with an intention to take the key three-month libor into negative zone.

Asian-Markets1_18Dec14.jpg European stocks are seen opening sharply higher on Thursday after the Federal Open Market Committee replaced the phrase "considerable time" in its policy statement with "patient," in deciding when to raise interest rates. At a press conference after the FOMC meeting, Fed Chair Janet Yellen played...

Biotechnology-121814.jpg Tetraphase Pharmaceuticals Inc.'s first of the two pivotal trials, dubbed IGNITE 1, evaluating its drug candidate Eravacycline for the treatment of complicated intra-abdominal infection has achieved the primary endpoint of statistical non-inferiority.

jabil-121714.jpg Contract electronics manufacturer Jabil Circuit reported a decline in first-quarter profit, hurt mainly by stock-based compensation costs that offset a 5 percent rise in revenues, while the prior year included gains from discontinued operations and favorable tax adjustments.

oracle-121714.jpg Oracle Corp. said Wednesday after the markets closed that its second quarter profit fell 2% from last year, hurt mainly by higher income tax expenses even as revenue increased 3%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.

wallstreet-112814_17Dec14.jpg Stocks moved sharply higher over the course of the trading on Wednesday, partly offsetting the steep losses posted over the past few sessions. A positive reaction to the Federal Reserve's monetary policy statement contributed to the rebound.

crudeoil-112514_17Dec14.jpg U.S. crude oil ended higher for a second straight session on Wednesday, having touched an intraday high of near $59 a barrel after an official weekly oil report from the Energy Information Administration showed crude oil stockpiles in the U.S. to have dropped, albeit less than expected. Meanwhile,...

Obama25-121714.jpg Arguing that efforts to isolate Cuba have failed to advance U.S. interests after more than fifty years, President Barack Obama announced Wednesday he will begin to normalize relations with the communist island nation.

Goldbars2-111814_17Dec14.jpg Gold futures snapped a five-day loss to end a tad higher on Wednesday, after having fallen sharply in the previous session amid renewed doubts to whether the Federal Reserve will signal tighter monetary policy later this afternoon. Nevertheless, the gains were very limited as the dollar strengthened...

instagram-121714.jpg Online mobile photo-sharing, video-sharing and social networking service Instagram has released five new photo filters that it believes are its best yet. The new filters - Slumber, Crema, Ludwig, Aden and Perpetua - now appear at the front of the filter tray. To make the filters more user friendly,...

wallstreet3-121214_17Dec14.jpg After moving moderately higher in early trading on Wednesday, stocks have seen some further upside over the course of the trading day. The gains on the day are partly offsetting the steep losses posted over the past few sessions.

Applepay-121714.jpg Apple's iPhone-based Apple Pay system is gaining momentum nationwide with a host of new banks and retailers signing on. The system allows users to link a credit card directly to their device for payments and Apple now says they have deals with banks that account for 90 percent of the debit card transactions in the US.

tesla-cars-121714.jpg The current drop in fuel prices could lead to a major sales dip for electric automaker Tesla, according to some industry experts. The Elon Musk led manufacturer had predicted sales of over 500,000 new vehicles by 2020, but now that number could fall by as much as 40 percent.

mcconnell-121714.jpg A bill approving construction of the Keystone XL pipeline will be the first order of business in the new Republican-controlled Senate, incoming Senate Majority Leader Mitch McConnell, R-Ken., told reporters on Tuesday.

Obama-sign-121714.jpg President Barack Obama quietly signed a $1.1 trillion spending bill on Tuesday, officially eliminating the threat of another government shutdown. The bill, which the Senate approved by a 56 to 40 vote Saturday night, funds most of the government through the end of the current fiscal year next September.