Consumer prices were flat in November as Americans paid less for cars and gasoline, a further sign of a cooldown in inflation that could give the Federal Reserve more room to help a still-weak economy.
Talks are progressing on private bondholders' contribution to Greece's international bailout but there is no guarantee they will lead to a voluntary deal involving the bulk of its creditors, a senior troika official said on Friday as EU, IMF and ECB inspectors wrapped up a one-week visit to Athens.
Talks on a Greek debt swap deal are making progress but there is no guarantee they will lead to a voluntary deal with a high level of participation by private bondholders, a senior troika official said on Friday as EU, IMF and ECB inspectors wrapped up a one-week visit to Athens.
Stock index futures rose on Friday in thin volume as key euro zone bond yields eased ahead of the release of U.S. inflation data.
Scarce dollar funding and a retrenchment in bank lending will force up premiums for emerging market countries and companies refinancing debt next year, adding to strains on public finances and potentially triggering a surge in corporate defaults.
Italy's government easily won a confidence vote on its tough austerity package on Friday, the first step in parliamentary approval for sweeping measures aimed at saving the euro zone's third-largest economy from financial disaster.
Stock index futures pointed to a higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 rising 0.3 to 0.6 percent.
Japan signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.
Italy's government faces a confidence vote in parliament on Friday, called to speed up approval of a 33-billion euro ($43 billion) austerity package intended to restore financial market confidence in the euro zone's third largest economy.
The Beijing city government announced on Friday users of popular Chinese microblogging sites like Sina's Weibo must register with their real personal information and have three months to comply.
LightSquared's prospects for getting its wireless network off the ground were dealt another blow this week as U.S. government tests found that the signal of the telecom startup would cause harmful interference to a majority of GPS devices.
A top U.S. Federal Reserve official on Thursday defended the central bank's decision to provide dollars for overseas banks stressed by Europe's debt crisis, saying the action was needed to protect the U.S. economy.
Accenture Plc posted strong quarterly results but the technology outsourcing and consulting company's cautious view of the second quarter amid the worsening global economy sent its shares down after market.
Fitch Ratings on Thursday downgraded six global banks as part of its review of the ratings of the world's largest financial institutions.
The top U.S. market regulator is appealing a judge's rejection of a major Citigroup Inc civil securities fraud settlement, according to court papers filed on Thursday.
No country is immune from an escalating euro zone crisis and each one must act to head off the risk of a global depression, the head of the International Monetary Fund said on Thursday.
Your life is filled with trash. Plastic wrappers, pizza boxes, Styrofoam take-out containers, soda cans, batteries and a box full of old cellphones you don't use anymore. They aren't only cluttering your measly studio apartment, they're affecting the rest of us on the pale blue dot we know as Earth.
The whistleblower in Japan's Olympus Corp scandal, ex-CEO Michael Woodford, blasted Japanese shareholders on Thursday for failing to stand up for him, amid signs that domestic and foreign investors are split over his campaign to be reinstated.
The number of Americans filing new claims for jobless benefits fell to a 3-1/2-year low last week and factory activity in parts of the Northeast gained speed in December, suggesting a further strengthening of the economic recovery.
Bill Gross's PIMCO Total Return Fund, the world's largest bond fund, keeps shrinking as investors look to put their money with some of his competitors.
Diamond Foods Inc said the Securities and Exchange Commission has launched a probe into its accounting of payments to walnut growers, raising concerns of further delays to its deal to acquire Procter & Gamble's Pringles business.
FedEx Corp beat its quarterly profit forecasts and is updating its fleet with fuel-efficient Boeing aircraft while delaying delivery of other new planes to cut overall costs, driving its shares up nearly 8 percent.
Standard & Poor's cut the credit ratings of 10 Spanish banks on Thursday and said they remained on watch for a possible further cut subject to a review of Spain's sovereign rating.
Credit Agricole will stop trading commodities and will also slash its financing of the multi-billion-dollar market, the most sweeping commodity cuts yet among European banks strained by the euro zone crisis.
Goldman Sachs Group Inc has named Pete Lyon as co-head of its business that caters to private equity and hedge fund clients in the Americas, according to an internal memo distributed Thursday morning.
Relativity Media has entered into a joint venture with German distributor Senator Entertainment, the studio announced Wednesday.
Kroger Co said on Thursday that four of the pension funds to which it contributes will merge into a new fund, a move that should ultimately trim its pension contribution costs after it takes a charge this year.
Deutsche Boerse and NYSE Euronext have stepped up their lobbying with an advertising campaign to pressure EU regulators and secure approval for their $9 billion merger.
Morgan Stanley, the only large Wall Street bank to avoid major job cuts this year, said on Thursday that it would fire 1,600 employees in the first quarter to cut costs as trading and banking revenue show few signs of recovering.
Europe's top central banker said on Thursday that euro zone governments are on the right track to restore market confidence but reminded them that an emergency program to buy their bonds was neither eternal nor infinite.
