Stocks posted modest gains Wednesday, but it was enough to propel the Dow and S&P to new 13-month closing highs, as economic data buoyed recovery hopes.

Stocks clawed higher Wednesday after a report showed new-home sales rose more than expected.

Stocks clawed higher Wednesday after a report showed new-home sales rose more than expected.

US stock index futures climbed further Wednesday after a batch of data signaling that the US economy was building on strength but also that the recovery would be gradual.

Metro-Goldwyn-Mayer, the famed film studio that is considering selling itself, has sent confidentiality agreements to about 20 interested parties including Time Warner  and News Corp , sources familiar with the matter said on Tuesday.

Rupert Murdoch move to block News Corp's news contect on Google is a gamble, and one that could hurt the media giant instead of helping it.

Stocks snapped a three-day losing streak Monday after an encouraging report on existing-home sales and a pullback in the dollar.

Stocks rallied Monday after an encouraging report on existing-home sales and a pullback in the dollar.

Stocks opened higher Monday as the dollar pullled back and gold hit a new record above $1,170 an ounce. The Dow was up more than 100 points at the open and continued higher after a report showed a sharp jump in existing-home sales.

A holiday-shortened trading week begun with all signs pointing to a higher open for Wall Street on Monday, with the dollar weakening and gold hitting a new record high above $1,167 an ounce.

Microsoft Corp  has had talks with News Corp  about a tie up, which would involve News Corp getting paid to take its news websites off Google , a source familiar with the matter said on Sunday.

General Electric and Vivendi are making slow progress in talks for the French media company to shed its 20 percent stake in NBC Universal, but a deal is still expected in the next 10 days, sources told CNBC.

The last of the original CNN hosts, Dobbs told viewers on Wednesday that he was quitting his nightly show—effective at the end of the hour—to pursue new opportunities.

U.S. President Barack Obama ranked at the top of the list of the world's most powerful people, according to Forbes.

Comcast and General Electric have agreed to make NBC Universal CEO Jeff Zucker the head of their proposed joint venture, but the structure of a new board is still being negotiated, sources familiar with the matter said.