The Federal Reserve should tighten policy sooner rather than later to contain longer-term inflation pressures and avoid sowing the seeds of the next crisis, a top Federal Reserve policy-maker said on Thursday.
A former McKinsey & Co director charged with leaking confidential information to Galleon Group founder Raj Rajaratnam became the seventh person to plead guilty in what U.S. prosecutors have called the biggest hedge fund insider trading case ever.
A former McKinsey & Co director charged with leaking confidential information to Galleon Group founder Raj Rajaratnam became the seventh person to plead guilty in what U.S. prosecutors have called the biggest hedge fund insider trading case ever.
A former McKinsey & Co director charged with leaking confidential information to Galleon Group founder Raj Rajaratnam became the seventh person to plead guilty in what U.S. prosecutors have called the biggest hedge fund insider trading case ever.
Television manufacturers are banking on 3D TVs for their next sales boost, with sets capable of adding that extra visual dimension expected to hit U.S. store shelves in force by the middle of 2010.
A late holiday shopping surge helped U.S. retailers beat analysts' sales estimates for December, but industry experts see the momentum fading early in 2010 as consumers return to saving their money.
GameStop Corp said on Thursday holiday sales failed to improve from 2008, and cut its fourth-quarter profit forecast, sending shares of the biggest U.S. videogame retailer to a 13-month low.
The U.S. apartment vacancy rate rose to an almost 30-year high of 8 percent in the fourth quarter, and rents dropped in the biggest one-year slump in 2009, according to real estate research company Reis Inc.
Demand for U.S. mortgages held last week near six-month lows as the highest long-term borrowing costs since August stifled refinancing, a Mortgage Bankers Association survey showed on Wednesday.
Pending sales of previously owned U.S. homes fell more sharply than expected in November, but a surge in new factory orders offered assurance the economic recovery remained on track.
President Barack Obama's top domestic test this year is to cut unemployment, but his push for more spending on jobs reflects political need more than economic necessity and any new stimulus is likely to be small.
The Federal Reserve should not wait too long to exit its extraordinary support for financial markets or risk sowing the seeds of the next crisis, a top Federal Reserve policy-maker said on Thursday.
The number of U.S. workers filing new jobless claims edged up by a slim 1,000 last week and a gauge of underlying labor market trends hit a nearly 16-month low, evidence the job market continues to heal.
The number of U.S. workers filing new jobless claims edged up by a slim 1,000 last week and a gauge of underlying labor market trends hit a nearly 16-month low, evidence the job market continues to heal.
A monthly barometer of online U.S. employment demand fell in December from November amid a year-end pause in recruitment activity, a private research group said on Thursday.
A suicide bomber struck a crowded market in restive southeast Afghanistan on Thursday, killing nine people including a senior Afghan commander, while another blast hit a neighbouring province's governor's office.
Charles Schwab Corp , the largest U.S. online brokerage, is cutting its fees by about $4 per trade, a rare pricing change that could pressure rivals to follow suit.
The security scare that shut Newark airport for hours and delayed thousands of passengers was caused by a man who slipped into a secure area to give a woman one last goodbye kiss, a newspaper reported on Thursday.
Stocks were little changed on Thursday after the government said jobless claims rose slightly, with investors in a holding pattern ahead of key monthly non-farm payroll data on Friday.
GameStop Corp said on Thursday holiday season sales failed to improve from the previous year, and cut its fourth quarter profit forecast, blaming a woeful combination of a weak economy, bad weather and product shortages.
The world's leading steelmakers Arcelor Mittal (ISPA.AS) and POSCO (005490.KS) have plans for $14 billion of new investment in India, despite a history of delays in their existing projects.
Home buyers in much of the United States paid thousands of dollars below asking prices in November, but had less negotiating power than in October, real estate website Zillow.com said on Thursday.
