LivingSocial, the second-largest daily deal company behind Groupon Inc , plans to launch its first credit card in coming months to help merchants attract repeat customers, Chief Financial Officer John Bax said on Thursday.
Federal Reserve Chairman Ben Bernanke and other top officials of the U.S. central bank on Thursday highlighted risks to the economic recovery despite recent signs of strength, but offered few hints that any additional monetary stimulus might be needed.
U.S. auto sales rose nearly 16 percent in February and the annual sales rate leapt to its best level in four years, helped by a surprising sales gain by General Motors Co and strong results from Chrysler Group LLC and Ford Motor Co .
Monster Worldwide Inc Chief Executive Sal Iannuzzi told investors on Thursday that the operator of the job-search website was considering all strategic alternatives, sending the company's shares up more than 17 percent.
Individual investors moved back into the markets in February to take advantage of rising stock prices as the economic recovery gained steam and risk aversion eased, said the head of one of the top U.S. discount brokers.
Following a tightening of sanctions by U.S. and international institutions meant to hurt the ruling coalition there, the Iranian economy is feeling the bite. While reporting by Western news agencies is severely curtailed in the country, and official government statistics on economic growth are widely believed to be fictional, anecdotal reports from sources inside Iran talk of a populace that is financially strained and very worried.
Online recruitment company Monster Worldwide Inc Chief Executive Sal Iannuzzi told investors on Thursday the company was considering all strategic alternatives, and its shares rose 16.6 percent.
U.S. stocks rose on Thursday, moving back to 2008 highs, after a jump in bank shares and further upbeat data on the labor market, though sharp gains in oil prices limited the advance.
U.S. manufacturing cooled in February and consumer spending was flat for a third straight month in January, suggesting the economy lost more steam early this year than expected.
Anti-virus software maker Trend Micro Inc has hired a prominent expert on cybersecurity policy to help boost its sales to the U.S. government.
A surprising sales gain by General Motors Co and strong performances by Ford Motor Co and others helped put U.S. February auto sales on track for their highest annual sales rate in nearly four years.
Bill Gross, co-chief investment officer at PIMCO, on Thursday took issue with a derivative panel's decision that the restructuring of Greek debt does not trigger a payout on insurance protection, even after his firm backed the move.
U.S. stocks gained on Thursday, boosted by financial shares and further signs the labor market may be on the mend.
Below are highlights from the question and answer session of a Senate Banking Committee hearing with Federal Reserve Chairman Ben Bernanke testifying on monetary policy and the U.S. economy.
Stocks advanced on Thursday, reversing declines from the previous session after some positive data on the labor market and solid monthly sales from retailers encouraged buying.
Greece has not yet triggered payment on controversial bond insurance contracts but market participants still expect Athens' efforts to reduce its debt burden to prompt an eventual payout on credit default swaps.
Pop sensation Justin Bieber turned 18 years old on Thursday, March 1, and received thousands if not millions of congratulatory messages in the form of tweets, driving the hashtag #HappyBirthdayKidrauhl to the coveted spot of top trending subject worldwide on Twitter. But who is KidRuahl and why have 'Beliebers' across the world chosen to celebrate their hero's birthday with this bizarre message? The answer can be traced back to a trilogy of novels written by Terry Goodkind called Th...
The probability of a sharp global slowdown has eased due to recent policy measures adopted in the euro zone to tackle its debt crisis, the International Monetary Fund said on Thursday, but it warned risks to world growth remain squarely to the downside.
Investors are starting to recognize Bank of America Corp's efforts to build capital and streamline operations, but the bank still needs to show it can boost profits, Chief Executive Officer Brian Moynihan said in an interview this week.
Stocks rose on Thursday, extending this year's near-uninterrupted rally as investors jumped on recent momentum, though equities eased from session highs after a weak reading on manufacturing.
Greece's recent moves to prepare for a debt restructuring have not triggered a payout on credit default swaps, the International Swaps and Derivatives Association said on Thursday.
New U.S. claims for unemployment benefits edged down last week, holding near four-year lows, according to a government report on Thursday that suggested the labor market was gaining momentum.
Major automakers including General Motors Co posted a rise in auto sales for the month of February, helped by American drivers' need to replace aging cars and trucks despite the rise in fuel prices.
Some European Central Bank policymakers are alarmed that a dramatic loosening of lending policy stemming from a 1-trillion-euro wave of cash unleashed into the financial system will fuel imbalances in the euro zone and stoke inflationary pressures.
Growth in U.S. manufacturing unexpectedly cooled in February and consumer spending was flat in January for the third straight month after accounting for inflation, casting a pall over the economic outlook.
They may have had Bob Geldof as headline speaker, but as private equity executives headed home after their annual industry gathering in Berlin, many acknowledged they still had much to do to repair their image as unscrupulous corporate raiders.
They may have had Bob Geldof as headline speaker, but as private equity executives headed home after their annual industry gathering in Berlin, many acknowledged they still had much to do to repair their image as unscrupulous corporate raiders.
European shares extended gains into the Wall Street open on Thursday as an already positive sentiment was further supported by unemployment data confirming the U.S. jobs market is improving.
New bonds that Greece will issue this month as part of its debt restructuring are likely to be the highest yielding in the euro zone as creditors price in a high risk of being forced to take yet more losses.
Data protection agencies in European countries have concluded Google Inc's new privacy policy is in breach of European law, EU Justice Commissioner Viviane Reding said Thursday.
