U.S. employers hired workers at the fastest pace in nine months in February and the jobless rate slipped to a nearly two-year low of 8.9 percent, showing the economy is finally kicking into a higher gear.
U.S. stocks dropped as a spike in oil prices (driven by deepening unrest in Libya) overshadowed a strong February jobs report.
A day after it announced a new service which would bring Groupon-like daily deals together, Microsoft’s Bing announced a partnership with Kayak to feature flight deals.
A veteran Cigna Corp (CI.N) manager sued the U.S. health insurer on Thursday, saying it unfairly blocks female employees from promotions and higher-paying jobs. The lawsuit, filed in U.S. District Court in Boston, seeks $100 million in damages and asks for class-action status.
Sony Corp said it will appeal the seizure of Playstation 3 game consoles by customs officers in the Netherlands following a court injunction initiated by LG Electronics over a patent dispute.
Rising oil prices and tumbling bank shares dragged Wall Street lower on Friday, with stocks surrendering the previous session's hefty gains.
Wall Street erased most of its weekly gains on Friday as fears of more geopolitical turmoil and higher oil prices threaten to stifle rallies in coming weeks.
U.S. stocks closed down and erased most of gains for the week on Friday as fears of more geopolitical turmoil and higher oil prices threaten to stifle rallies in coming weeks.
Brent oil prices pushed back above $116 a barrel and U.S. oil hit its highest since September 2008 on Friday, as fighting in Libya intensified and threatened the country's oil sector.
Wall Street erased all of its weekly gains on Friday as fears of more geopolitical turmoil and the impact of high oil prices drove investors to sell risky assets like stocks.
Against gold, the US dollar has been falling rapidly in recent years, which betrays some investors' lack of confidence in the currency.
Europe's EADS called a news conference for 12:00 p.m. EST on Friday to discuss the government's decision last week to award a $30 billion refueling plane contract to Boeing Co .
Ford Motor Co has settled a lawsuit in which it accused Italian automaker Ferrari of infringing its trademark for the popular F-150 truck.
University of California, Berkeley students ended a potentially dangerous protest atop the fourth story ledge of one of the buildings on campus on Thursday, as they demanded a halt to cuts in the school's budget.
(Corrects Reuters instrument code in 1st paragraph)
China Investment Corp, the country's $300 billion sovereign wealth fund, is counting on getting a fresh injection of cash from the government to invest abroad, a senior CIC official told Reuters on Friday.
China said on Friday its military spending for 2011 would rise 12.7 percent, resuming double-digit hikes that have stoked regional disquiet about Beijing's expanding strength.
U.S. crude prices jumped to their highest since September 2008 on Friday and Brent rose above $116 a barrel as Libyan security forces cracked down on protesters in Tripoli and clashed with rebels near the major oil terminal of Ras Lanuf.
Goldman Sachs Group Chief Executive Lloyd Blankfein has agreed to testify for the U.S. government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, the Wall Street Journal reported, citing people familiar with the matter.
After the financial crisis, US dollar-bashing has become en vogue. Marc Chandler, however, has emerged as a defender of the US dollar and “empire,” as he calls it.
The Gold Price eased back for Dollar investors on Friday in London, but recovered one third of yesterday's sharp sell-off – and was heading higher for the fifth weekly gain in a row – as official data said US unemployment retreated to 8.9% last month.
U.S. crude prices jumped to their highest since September 2008 on Friday and Brent rose above $116 a barrel as Libyan security forces cracked down on protesters in Tripoli and clashed with rebels near the major oil terminal of Ras Lanuf.
