The U.S. economy still needs support from the Federal Reserve even if growth prospects appear firmer, top Federal Reserve officials said on Friday.
Optimism about corporate earnings, bolstered by JPMorgan, lifted U.S. stocks on Friday and set the S&P 500 on the path for seven straight weeks of gains.
Wikipedia's impact on the world has yet to peak as the open online encyclopedia aims to double its reach, mainly through expansion in developing countries, founder Jimmy Wales told Reuters.
U.S. December retail sales rose slightly less than expected, but retail sales for all of 2010 reversed two years of contraction and posted the biggest gain in more than a decade.
The legal sector has lost 1,000 jobs in December, recording its third straight month of job losses, but overall, the sector has more jobs than a year ago, according to the data released by the Bureau of Labor Statistics.
Online coupon site Groupon and Internet radio company Pandora are moving ahead with plans for initial public offerings, sources familiar with the matter told Reuters.
Hasbro Inc said quarterly sales dropped unexpectedly as demand in the United States petered out at the end of the holiday selling season, and the No. 2 U.S. toy company's shares initially fell more than 5 percent.
Optimism about corporate earnings, bolstered by JPMorgan Chase & Co, lifted the stock market slightly on Friday, offsetting lukewarm economic data and putting the S&P 500 on track for a seventh straight week of gains.
The Foreign & Commonwealth Office (FCO) of the U.K. has issued an advisory recommending that British citizens avoid travel to Tunisia due to the surge in civil disturbances in the country. The US and France have also advised against non-essential travel to Tunisia.
Austerity has come to America through state and local governments.
Artificial knee and hip maker Smith & Nephew said on Friday it was not in talks on a merger or takeover, after a report it was weighing a deal with privately owned U.S. rival Biomet sent its shares higher.
CMS Cameron McKenna said it has hired Simmons & Simmons US securities partner Daniel Winterfeldt to head its newly launched international capital markets (ICM) group.
Stronger-than-expected earnings from JPMorgan Chase & Co lifted the stock market slightly on Friday, offsetting weak economic data and putting the S&P 500 on track for its seventh straight week of gains.
Some of Salvador Dali's most famous paintings have a new home in Florida with the opening of a $36 million museum designed to reflect the Spanish painter's surreal style.
A man who had hijacked a Puerto Rico-bound Pan American flight 281 to Cuba four decades ago and then voluntarily returned to the United States in October 2009 and surrendered to federal authorities so that he could see his family again, has been sentenced to 15 years in prison without parole.
Federal authorities are clueless about the mysterious circumstances in which the dead body of a former Pentagon political appointee in President George W. Bush's administration had landed up in a dumpster.
Seven hospitals located throughout the southern part of United States have agreed to pay a total of $6.3 million to resolve False Claims Act allegations that they were overcharging for osteoporosis procedures, said Department of Justice (DOJ).
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), the federal agency, which oversees U.S. offshore drilling, has allowed Shell Offshore Inc. and 12 other oil and gas companies to resume deepwater drilling operations in the Gulf of Mexico without the need to submit revised exploration or development plans for supplemental National Environmental Policy Act (NEPA) reviews.
High-profile banking analyst Richard Bove said the U.S. banking sector is entering into a “golden age.” The financial strategist at Rochdale Securities explains that banks have so flush cash on their balance sheets that corporate earnings will grow by 20 percent annually over the next few years.
A former and longtime employee at the NASA Glenn Research Center in Cleveland has been charged with illegally exporting infrared military technology to South Korea, though he is not accused of taking technology or related materials from the research center, according to the U.S. Department of Justice (DOJ).
The new council of U.S. regulators will face a major test on Tuesday when it unveils recommendations on how to enforce one of the most recognizable if inscrutable aspects of the six-month-old Wall Street reform law: the Volcker rule.
Sales at U.S. retailers rose slightly less than expected in December while underlying inflation remained calm, government reports showed on Friday.
