Economy returns to growth
The U.S. economy grew in the third quarter for the first time in a year, beating market expectations, as consumer spending and new home-building rebounded, signaling the end of the worst recession in 70 years. Read Full Article here.
Jobless claims edge down, continued claims slide
The number of U.S. workers filing new claims for jobless benefits dipped by 1,000 last week, while the number collecting long-term aid fell to the lowest reading in seven months as the job market steadied. Read Full Article here.
Exxon quarterly profit down 68 percent, misses Street
Exxon Mobil Corp on Thursday said its quarterly profit fell 68 percent, missing Wall Street estimates, as the global recession bit into fuel demand and crude oil prices fell from year-ago levels. Read Full Article here.
Shell, ENI give cool outlook as profits tumble
Oil majors Royal Dutch Shell Plc and Eni dashed hopes of an imminent turnaround for the industry, as sluggish economic recovery weighs on energy demand and prices, contributing to a big drop in profits. Read Full Article here.
House Democrats to unveil health bill
Democrats in the House of Representatives finished work on Wednesday on a healthcare bill that includes a government-run insurance plan, requires individuals to buy health coverage and imposes a surtax on the wealthy to help pay for it. Read Full Article here.
Sprint quarterly loss widens, revenue down 9 percent
Sprint Nextel Corp reported a wider quarterly loss and a 9 percent decline in revenue on Thursday, as more valuable, monthly bill-paying subscribers dropped its wireless service. Read Full Article here.
Motorola sees better-than-expected Q4 profit
Motorola Inc posted a small quarterly profit on Thursday and forecast a bigger-than-expected profit for the current quarter, when it starts selling new advanced cellphones in an effort to revamp that business. Read Full Article here.
VW sees tough year-end; Mazda ups FY target
Europe's largest carmaker Volkswagen said business remained tough after third-quarter earnings plunged on Thursday, while Japan's Mazda <7261.T> predicted a smaller full-year operating loss. Read Full Article here.
NBA introduces live games on U.S. mobile devices
The National Basketball Association will give its digital offering the full court press, introducing complete live games on mobile phones, including Apple Inc's iPhone, for $40 a year. Read Full Article here.