The government report released Thursday reveals notable declines in initial and continued employment claims, and the news was joined by a report that wholesale inventories in October jumped the highest in five months, signaling that businesses are also in a recovery mode with higher consumer demand.
This year has been a good one for the music industry, with digital music sales witnessing a steady growth.
Panasonic Corp, which has warned it will post a $5.5 billion annual loss, will launch a smartphone in Europe next year, the latest Japanese maker to tiptoe late into a fiercely competitive market dominated by Samsung and Apple.
Of the 30 companies analyzed in the report, all of them aside from FedEx didn't pay any federal income taxes from 2008 to 2010.
Gold prices edged higher Friday after Eurozone leaders, in their eighth sovereign debt crisis summit this year, agreed to craft a treaty that will limit the ability of members to run-up unsustainable government debts.
Stock index futures pointed to a slightly 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 up 0.1 to 0.4 percent.
Top Chinese leaders will likely resist pressure to declare an outright easing in monetary policy when they meet next week to decide economic priorities for 2012, the last full year of President Hu Jintao's tenure ahead of a critical leadership succession.
Analysts are hoping for a better fourth quarter for the household net worth as the U.S. stocks have performed well at the end of the third quarter.
Luxury fashion house, Mulberry has posted a 44 percent increase in its first-half sales owing to the rapid growth of its Asian market.
U.S. federal prosecutors, on Thursday, recommended a 15-month prison sentence for former Major League Baseball outfielder Barry Bonds.
The Coca-Cola company has exhibited its secret formula at its World of Coca-Cola corporate museum in Atlanta for the first time, much to the joy of its signature drink fans.
Improved transparency is Europe's quickest route to debt resolution and China's best defense against external economic shocks, former U.S. Treasury Secretary Hank Paulson says.
American clothing brand, Banana Republic, celebrated the arrival of their first store in France with a launch party attended by the crème-de-la-crème of the industry.
UPA government led by Prime Minister Manmohan Singh seems to be in trouble after failing to implement its retail reform.
Panasonic Corp will launch a smartphone in Europe next year, the latest Japanese maker to tiptoe late into a fiercely competitive market dominated by Samsung Electronics and Apple.
MIPS Technologies Inc. has announced NOVO7, the world's first tablet with the Ice Cream Sandwich version of Android.
Samsung Electronics Co won a round of its bruising global patent fight with Apple Inc on Friday when an Australian court lifted a ban on the sale of its Galaxy tablet computer in time for the busy Christmas shopping season.
Asian shares, commodities and the euro fell Friday on growing doubts that European leaders could forge a credible plan to solve the euro zone's debt crisis at a summit later in the day.
A senior Pakistani military officer said a NATO air strike that killed 24 Pakistani troops on the border with Afghanistan last month was pre-planned, newspapers reported Friday, comments likely to fuel tension with the United States.
A U.S. appeals court appeared skeptical on Thursday toward attempts by California gay marriage opponents to overturn a landmark court decision because the judge overseeing the case did not disclose his own long-term homosexual relationship.
Shares of Alibaba.com Ltd fell nearly 8 percent to a two-month low early on Friday morning after sources said parent Alibaba Group is seeking up to $4 billion in debt financing, expected to help it buy back a 40 percent stake from Yahoo Inc.
Shares of Alibaba.com Ltd fell nearly 8 percent to a two-month low early on Friday morning after sources said parent Alibaba Group is seeking up to $4 billion in debt financing, expected to help it buy back a 40 percent stake from Yahoo Inc.