Nonfarm payrolls rose by a paltry 69,000 in May, the weakest in a year, while the unemployment rate ticked back up to 8.2 percent as the labor participation rate edged up 0.2 percent to 63.8, the Labor Department said Friday. Economists polled by Thomson Reuters had called for a total gain of 150,000 jobs.
BP PLC is selling its stake in Russia-based crude oil and natural gas venture TNK-BP after receiving a unsolicited indications of interest regarding the potential acquisition, the British company said Friday.
In an attempt to speed up economic recovery and to fast track investments, the government of India has approved setting up of an investment tracking system.
The companies whose shares are moving in pre-market trading Friday are: Coca-Cola Co., Bank of America Corp., Dean Foods Co., General Electric Co., Citigroup Inc., JPMorgan Chase & Co. and Facebook Inc.
In a major step towards resolving the Air India crisis, the government of India Friday announced uniform pay scale and uniform working hours for both Air India and erstwhile Indian Airlines employees.
As the risk of a messy Greek exit from the euro and a general breakup of the euro zone spark global slowdown fears, panicked investors have fled the troubled euro to safe havens such as U.S. treasuries and, crucially, the dollar.
Futures on major U.S. indices point to a lower opening Friday ahead of the anticipated Bureau of Labor Statistics' Nonfarm Payrolls report, the Institute of Supply Management (ISM)'s Manufacturing Purchasing Managers Index (PMI) report, and ADP's Personal Income report.
The Indian Pilots Guild, which is spearheading the agitation, has been holding informal talks with Aviation Minister Ajit Singh and the minister has reportedly gave them verbal assurance that the sacked pilots will be taken back.
China's manufacturing activity grew at a slower pace in May compared to the previous month, increasing concerns over a slowdown in the economic growth of the country.
Asian markets fell Friday amid increasing concerns over the slowdown in economic growth in China as the country's manufacturing activity grew at a slower pace in May compared to the previous month.
Asian shares and the euro extended losses Friday as China's factory activity data delivered its weakest reading this year, highlighting concerns the worsening euro zone debt crisis will further undermine global economic growth.
Asian shares eased Friday, with China's factory activity data and a U.S. jobs report due later in the day making investors cautious as the escalating euro zone debt crisis threatened to further undermine growth worldwide.
A federal judge Thursday declared a Florida election law harsh and impractical for requiring groups conducting voter registration drives to turn in registration forms within 48 hours of collecting them, and blocked enforcement of the deadline.
Iraq's central government closed Thursday what has proven to be a disappointing two-day oil and gas lease auction sale that emphasized oil and gas exploration.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, jumped 5 percent in late Thursday trading after they set a new low of $26.83.
A trade credit crunch, driven by trading partners' fears that Greek businesses will soon be refusing to honor their debts in euro, is making it difficult for Greeks to keep their economy running.
The Dow Jones Industrial Average fell 26 points Thursday to 12,393 -- pushed lower by sentiment that May's U.S. Non-Farm Payroll reportl, to be released Friday, will be tepid.
Wal-Mart Stores Inc., the No. 1 U.S. retailer, said it had quit the American Legislative Exchange Council (ALEC), a Washington, D.C.-based group that lobbies for conservative laws in state legislatures.
The Walt Disney Co. (NYSE: DIS) appointed Alan Horn as chairman of Disney Studios, replacing former chairman Rich Ross, who was forced out of the role in April, the company announced Thursday.
After ditching Super Bowl ads, General Motors Co. (NYSE: GM) pivoted away from the NFL and instead entered into a five-year advertising partnership for its Chevrolet brand with the popular British soccer team Manchester United, a move meant to bolster the brand's global awareness, the company announced Thursday.
On a Friday afternoon in March, the New York Times Company (NYSE: NYT) disclosed to the Securities and Exchange Commission that it would pay Janet Robinson, its recently fired CEO and a 28-year veteran of the company, a severance package of around $23.7 million.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose in late-Thursday trading after they set a new low of $26.83.
The legal activist gives his first public speaking engagement in America after leaving from China.
Several top retailers reported stronger-than-expected sales in May Thursday, Reuters is reporting, providing a moderate surprise to Wall Street retail analysts, who had warned May might prove a disappointing month in terms of revenue for many stores.
Antonio Brufau, CEO of Spanish oil company Repsol, renewed his resolve to seek punitive damages from Argentina's government following its seizure of the company's subsidiary YPF -- and his shareholders are with him
Thousands of Ecuadoreans this week are trying to force Chevron Corp., the second-largest U.S. oil and gas company, into complying with a verdict and paying billions in environmental fines resulting from a decade-long pollution case.
With a massive smart grid build-out, Beijing hopes to turn its grid into a competitive advantage.
The so-called cleaning fairy who allegedly breaks into Ohio homes, tidies up and leaves a hefty bill has been captured by authorities.
The value of the monetary unit of China dropped against the world's reserve currency on Tuesday
Data wise, Switzerland GDP beat forecasts by coming in at 0.7% against expectations of no change
