Morgan Stanley said fourth-quarter shareholder profit surged 60 percent as rising fees from wealth management offset the weak fixed-income trading results that have marred its competitors earnings.
Southwest Airlines Co reported a higher quarterly profit on Thursday on better passenger revenue, even as rising fuel costs boosted operating expenses.
U.S. home resales jumped more than expected in December despite bad weather as sellers cut prices while jobless claims fell sharply last week, offering some hope for the economy's two key trouble spots.
Los Angeles city administrative office's (CAO) reporting of job creation and retention numbers under the American Recovery and Reinvestment Act (ARRA) funds could be very misleading, said Wendy Greuel, LA city controller.
Gold fell like a stone on Thursday, following three days of gains, and ignored a recovery in the euro as investment demand waned. Spot gold fell over $20 to $1,348.55 an ounce by 1426 GMT.
Stocks fell on Thursday led by losses in the technology sector and on worries that China's rapid growth may lead to more aggressive measures to tackle inflation.
Payrolls will grow in almost all U.S. metropolitan areas this year, but the gains will be slight, according to a forecast from IHS Global Insight, Inc. released by the U.S. Conference of Mayors on Wednesday.
Futures on major U.S. indices pared earlier losses and point to modestly lower opening on Thursday after the Department of Labor reported that weekly jobless claims fell sharply last week.
Facebook's global reach has been the envy of many companies, as about 70 percent of its 500 million users are from outside US and now Facebook has launched an app for feature phones to further bolster its march.
Khalid Sheikh Mohammed, currently in U.S. custody for alleged acts of terrorism, is responsible for the death of U.S. journalist Daniel Pearl, CNN reported, citing a report released by the Pentagon.
Michelle Obama asks American students to study in China, stressing the need for competitiveness and cooperation
Stock index futures fell on Thursday after stronger-than-expected economic growth data from China heightened concerns that Beijing may further tighten monetary policy to tackle inflation.
Flight bookings to London have gone up by 266 percent around the time of UK’s Royal Wedding in April this year, according to one of the leading travel search sites Expedia.
Futures on major U.S. indices point to a lower opening on Thursday ahead of economic data, including weekly jobless claims and existing home sales.
U.S. stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500 down 0.03 percent, Dow Jones futures up 0.03 percent and Nasdaq 100 futures up 0.06 percent at 4:40 a.m. EST.
China's vice-like grip on world rare earths supply is forcing next generation carmakers to look for alternative technologies that don’t rely on these metals. At the forefront of such efforts is world's largest carmaker Toyota, according to ETF Database.
China finished 2010 with a bang, its growth soaring past forecasts and inflation slowing less than expected, numbers that could prod the government to intensify its easy-does-it approach to tightening.
Nintendo, one of the leading video game companies in the world, said it will launch its glasses-free portable 3D gaming console -- Nintendo 3DS - in U.S. on March 27.
HTC missed the CES 2011tablet mania but that does mean it has no tablet plans, in fact it is due to launch not one but three tablets in the first half of 2011
President Hu Jintao on Thursday will try to persuade often hostile U.S. lawmakers that China is a threat-free engine of growth, after a White House summit sought to narrow rifts between the world's top two economies.
U.S. stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500 down 0.03 percent, Dow Jones futures up 0.03 percent and Nasdaq 100 futures up 0.06 percent at 4:40 a.m. EST.
Japanese Economics Minister said on Thursday China probably has sailed past Japan to emerge as the second biggest economy in the world after the United States, according to a Reuters report.
