JPMorgan Chase & Co executives stood by silently as their client Bernard Madoff ran his epic Ponzi scheme, hoping to protect the bank's investments and continue doing business with him, a newly released $6.4 billion lawsuit claims.
New U.S. claims for unemployment benefits dropped more than expected last week, a government report showed on Thursday, pointing to continued gradual improvement in the labor market.
by Tim SifertNEW YORK, Feb 3 - Microsoft Corp on Thursday launched a $2.25 billion sale of bonds in the software giant's third trip to the U.S. dollar investment-grade market.
The two wireless service providers are on opposite ends of the spectrum according to JD Power and Associates recent study.
U.S. stocks, after selling-off in the early session, bounced back to finish moderately higher on some positive economic news, despite continued political unrest in Egypt.
The political chaos in Egypt and floods around the world have sent cotton prices skyrocketing.
U.S. Sen. John McCain R-AZ said on Thursday that the United States had develop a new policy and needed to do a better job of encouraging democracy amid a wave of protests in Middle Eastern countries.
Gold rose over 1 percent in choppy trade on Thursday, with a sudden jump by over $20 per ounce within minutes as large buy orders were apparently triggered in the future markets. This comes unexpected to precious metals experts, as the gold price was supposed to be kept low by the usual large Wall Street players during todays speech by Bernanke, and was set to rally on Friday, when unexpectedly bad labor market numbers will come in and drive gold prices higher.
The following are highlights from Federal Reserve Chairman Ben Bernanke's speech to the National Press Club on Thursday.
A pawnbroker running a book club to retain staff? Sounds like fiction, but that's one of the strategies employed by entrepreneur John Thedford to help keep his employees happy.
Stocks ended near the session's highs on Thursday, with investors favoring shares of retailers after encouraging chain-store sales raised confidence ahead of Friday's jobs report.
As bailed-out insurer American International Group
prepares to return to the public markets, some say it needs a sign from an eminent authority that it is a company with solid operations and a stock worth an investment of hard-earned money.Tens of thousands of Yemenis squared off in peaceful protests for and against the government on Thursday during an opposition-led Day of Rage, a day after President Ali Abdullah Saleh offered to step down in 2013.
Cities and towns across the United States started to dig out on Thursday from a winter storm that stretched for thousands of miles, with many areas still grappling with treacherous travel conditions.
Haiti on Thursday heeded foreign pressure and amended the results of its November first-round elections, setting up a presidential run-off excluding a government-backed candidate hit by fraud allegations.
Dow Chemical Co barely blinked at soaring energy costs in the fourth quarter as it benefited from fixed-cost supplies from the Middle East and boosted its prices by 10 percent.
Egypt's government struggled to regain control of an angry nation, inviting Islamist opponents to political talks as protesters demanding the overthrow of Hosni Mubarak battled with his supporters on the streets.
An African Union panel charged with finding a solution to Ivory Coast's leadership crisis should make clear to Laurent Gbagbo that he must step down, the United States said on Thursday.
Federal Reserve Chairman Ben Bernanke's speech to the National Press Club on Feb. 3, 2011
South Africa's rand weakened more than 1.7 percent to near six-month lows against the greenback on Thursday, pushing through its long-term moving average as offshore hedge funds drained dollars off the market.
MasterCard Inc's fourth-quarter profit soared 41 percent, beating expectations, as consumers around the world spent more money using credit and debit cards.
Ford Motor Co is recalling nearly 363,000 F-150 pickup trucks in North America because of a potential problem with the door handles not working properly, the U.S. National Highway Traffic Safety Administration reported on Thursday.
