A U.S. deficit reduction plan that promises $4 trillion in savings over time would be a good downpayment on getting the country's strained public finances under control, said John Chambers, chairman of S&P's sovereign ratings committee.
Sprint Nextel posted second-quarter profit margins well below Wall Street estimates, sending its shares down 16 percent as the No. 3 U.S. mobile provider still lost more subscribers than expected despite spending heavily to fight off rivals.
Roman Polanski's "Carnage" and Tomas Alfredson's adaptation of John Le Carre's Cold War thriller "Tinker, Tailor, Soldier, Spy" will be among highlights at the 2011 Venice film festival, organizers said Thursday.
Wall Street gained momentum on Thursday, with the Nasdaq up about 1 percent before a key vote in Congress on a plan to prevent a U.S. default.
The number of Americans claiming new jobless benefits hit a three-month low last week and contracts to buy existing homes rose in June, hopeful signs for an economy that has struggled to regain momentum.
Ryan Lochte became the first swimmer to break a long course world record since controversial polyurethane swimsuits were banned last year while James Magnussen ended a far longer Australian wait at the world championships Thursday.
Nokia Siemens Networks said it will still build a core network for telecom start-up LightSquared, despite speculation their deal will be called off after a new pact between LightSquared and U.S. carrier Sprint Nextel .
Sprint Nextel announced a $9 billion network contract but its shares fell 9 percent as investors were disappointed that the No. 3 U.S. mobile provider did not give a strategy for the future.
New claims for unemployment benefits fell more than expected last week, dropping below the key 400,000 level for the first time since early April, according to a government report on Thursday that pointed to some labor market improvement.
A TV watchdog group on Wednesday accused NBC of glamorizing the porn industry in its upcoming new drama series "The Playboy Club" and urged NBC affiliates around the United States not to air it.
Pakistani security forces are routinely detaining, torturing and murdering hundreds of political activists in Balochistan in what some observers describe as a ?dirty war.?
Wall Street advanced on Thursday, boosted by an unexpected rise in pending U.S. home sales and a dip in jobless claims, but trading was volatile as investors awaited a key vote in Congress on a plan to prevent a U.S. default.
Thomson Reuters Corp reported better-than-expected operating margins and reassured investors that it was coming to grips with its problems after last week's management shakeout.
At least a dozen 'never heard' songs by Amy Winehouse could be released this year, according to Chris Goodman, a spokesman close to the Winehouse family of the late 'Back To Black' singer and songwriter. The songs are said to be "personal and autobiographical."
South Texas is the most drought-plagued area in the United States right now and Tropical Storm Don, brewing in the Gulf of Mexico, will likely bring much needed rain to the region when it hits the South Texas coast late Friday or early Saturday morning.
In what a Lucasfilm spokesman told the BBC is an "anomaly of British copyright law," prop designer Andrew Ainsworth won the rights to sell replicas of the original "Star Wars" Stormtrooper helmets, which he designed.
Nintendo slashes the price of its 3DS console amid poor, underwhelming sales.
Volkswagen predicted a significant rise in operating profits this year driven by strong demand around the world for its Audi and VW cars.
Missing US Army soldier Jason Abdo Nassar, who was arrested near Fort Hood with bomb-making materials, will face Federal charges on Thursday. Nassar was arrested in his hotel room near Fort Hood, Texas, and he was in possession of bomb-making materials, according to the FBI.
BlackBerry breathlessly announced the arrival of its new BBM 6 on its blog on Thursday, showcasing new features that allow users to BBM while playing Backgammon or other games it has to offer.
A 2007 fire that covered more than 400 square miles of Alaska tundra is providing new clues into the effects that an increase of fires in the Arctic tundra will have on climate change.
"Mystic River" author Dennis Lehane attributes the success of his books on the silver screen to his characters, which he says attract the attention of good actors.
