U.S. stocks fell on Thursday as the dollar's rebound quelled demand for risky assets, while a soft FedEx forecast hit transportation shares and a prominent analyst cut estimates for two major banks.
Former Federal Reserve Chairman Alan Greenspan on Thursday endorsed a proposed bipartisan commission to help make the tough calls needed to get the spiraling and record U.S. debt under control.
The number of U.S. workers filing new applications for jobless insurance unexpectedly rose last week, but a gauge of future economic activity increased for the eighth month in a row, pointing to a slow economic recovery where employment looms as the dominant concern.
Barclays Capital, one of the banks providing $9.2 billion of loans to help fund Kraft Foods Inc's hostile bid for Britain's Cadbury Plc , has won a bigger role as one of Kraft's financial advisers.
General Mills Inc posted a 50 percent increase in quarterly profit and raised its full-year forecast, helped by strong sales of higher-margin products such as Cheerios and Fiber One cereals.
U.S. lithium-ion battery maker A123 Systems Inc said it is forming a joint venture China's top carmaker SAIC Motor Corp to develop, make and sell battery systems for electric vehicles.
Former Federal Reserve Chairman Alan Greenspan on Thursday backed a call for creation of a bipartisan commission to make the tough calls needed to cut the record federal deficit.
Danish hosts revived climate talks on Thursday and Washington backed a $100 billion (62 billion pound) fund to aid poor countries as world leaders gathered on the eve of a U.N. deadline to reach a deal to slow global warming.
High unemployment and a fractious debate over healthcare have combined to push down President Barack Obama's job approval ratings and highlight the potential for political dangers ahead.
U.S. mortgage rates rose for a second consecutive week but remained below 5 percent, a closely watched mortgage survey showed on Thursday, a key level that may boost home loan demand and help the housing market recover.
A U.S. court of appeals has stayed a bankruptcy court's decision that approved television station owner ION Media Networks Inc's (IIONQ.PK) reorganization plan, Cyrus Capital, a creditor of the company, said.
Factory activity accelerated rapidly in the U.S. Mid-Atlantic region in December, a survey showed on Thursday, hitting its highest in 4-1/2 years and assuaging some worries the industrial recovery is slowing.
U.S. stocks fell on Thursday as a rebound in the dollar dampened appetite for risk, while a FedEx forecast weighed on transportation shares and a prominent analyst cut estimates for two major banks, compounding losses for financials shares.
A fragile global economic recovery is underway, and a double-dip recession remains unlikely, the International Monetary Fund said on Thursday.
Exxon Mobil Corp (XOM.N) said it can pull out of its $30 billion acquisition of XTO Energy (XTO.N) if U.S. lawmakers pass legislation on a controversial drilling technique used to tap oil and gas fields.
Research In Motion Ltd., maker of the BlackBerry phone, said Thursday that some of its North American customers are experiencing outages with the phone's BIS, or BlackBerry Internet Service which is affecting their email service.
Leaf Clean Energy Co, which invests in clean-energy companies mainly in North America, agreed to merge with closed-end investment company Trading Emissions Plc in an all-share deal, creating the largest carbon-focused company listed in London.
U.S. stocks fell on Thursday as the dollar rebounded, diminishing the appetite for risky assets, while FedEx forecast profits below estimates and Citigroup got a cool reception for its stock offering.
The idea of brooding, dramatic double-Oscar winner Daniel Day-Lewis singing and leaping around a stage in a movie musical seemed as improbable to him initially as it might be for audiences.
U.S. motorhome maker Winnebago Industries Inc said its quarterly loss narrowed as demand for its biggest and most profitable vehicles showed signs of life, sending Winnebago shares up as much as 15 percent.
The economic crisis in Dubai is over, the United Arab Emirates foreign minister said on Thursday.
NATO Secretary-General Anders Fogh Rasmussen said on Thursday he saw no need for a new security treaty proposed by Russia, rebuffing the Kremlin's call for new defense arrangements in Europe.
