A senior U.S. Federal Reserve official said on Thursday he thinks it is time to consider tapering off or scaling back a $600 billion bond-buying program because of an improved economic outlook.
Toyota Motor Corp said on Thursday it was recalling nearly 2.2 million vehicles over the risk that the accelerator pedal could be trapped by loose or misplaced carpet on the driver's side.
Oil traders are citing unconfirmed rumors that Libyan leader Moammar Gaddafi was shot to explain a sudden downward reversal in oil prices today.
Satellite television provider Dish Network Corp's posted bigger-than-expected subscriber losses for the fourth quarter as many customers canceled their service after a dispute with Fox Network in October blacked out sports programs.
WikiLeaks founder Julian Assange, who rocked the U.S. government by publishing thousands of secret diplomatic memos, must be extradited to Sweden to face sex crimes allegations, a British judge ruled on Thursday.
When Oscar organizers unveiled their promotional campaign, You're Invited, they weren't kidding -- at least where Web audiences are concerned.
U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.
A Saudi college student was arrested in Texas yesterday and charged with planning terror attacks in the United States.
Taylor Swift recently posted a video diary on her website, documenting her recent tour in Asia city by city.
Bruised but not bowed, bulls staged a rebound on Thursday and helped stocks stabilize in a volatile session suggesting investors aren't ready to give up on the market's rally.
U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.
Procter & Gamble Co
will raise some prices as it absorbs higher commodity costs and its sales goal may be under pressure if business does not improve in the United States and other developed markets, Chief Financial Officer Jon Moeller said.U.S. stocks fell for a third day on Thursday as U.S. crude oil prices hovered near $100 a barrel on violence in Libya.
The S&P 500 index on Thursday violated a trendline dating back to August as U.S. equities continued to struggle amid escalating oil prices and fears of violence spreading further across North Africa and the Middle East.
U.S. consumers could see food costs spiking to levels seen during the food crisis of 2008 as higher commodity and energy prices force companies to raise prices on products lining grocery store shelves, the Agriculture Department said on Thursday.
The Dow and S&P slumped for a third straight day on Thursday as investors continued to fret about the economic impact of continued violence in Libya and oil prices, though gains in Priceline kept the Nasdaq in positive territory.
General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below their IPO price as investor concerns shifted to the pressure from rising oil prices and higher costs of launching and selling new cars.
Shares of General Motors (NYSE: GM), despite having delivered its first profitable year of operations since 2004.
The U.S. Air Force prepared on Thursday to announce the winner of an epic $35 billion procurement battle between Boeing and Airbus over 179 aerial refueling planes, its third attempt to start replacing a fleet of planes built before humans first landed on the moon.
General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares dipped below its IPO price as investor concerns shifted to the pressure ahead from rising oil prices and other costs.
According to reports by The New York Times and a document obtained by WikiLeaks, several of the hottest pop stars such as Beyoncé, Usher, and Mariah Carey were paid extravagant amounts to perform for member of Moammar Gaddafi's family.
Access to the networking site LinkedIn was disrupted in China on Thursday, following online calls on other sites for gatherings inspired by protests against authoritarian regimes across the Middle East.
