- U.S. stocks rose on Friday, with the Dow industrials briefly rising more than 1 percent, as robust commentary from some retailers reinforced hopes of an uptick in consumer spending in the holiday season.
Two computer programmers provided technical support to falsify documents and trading records for swindler Bernard Madoff and took hush money to help keep the massive fraud going, U.S. authorities said.
White House Counsel Gregory Craig, who has played a central role in the Obama administration's rocky efforts to close the U.S. military prison at Guantanamo Bay, said on Friday he was resigning.
Warren Buffett's warning to Kraft over using its undervalued stock to bid for Cadbury may return to haunt Irene Rosenfeld as the Kraft CEO ponders an increased bid to win over the British confectioner.
U.S. consumer sentiment fell in early November to the weakest in three months amid grim expectations for job and income prospects, a survey showed on Friday.
JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail ethically bankrupt and said regulators should have the power to wind down even the largest lenders.
U.S. stocks rose on Friday as robust commentary from some retailers reinforced hopes of an uptick in consumer spending in the holiday season, even as an early November gauge of consumer confidence fell.
U.S. consumer sentiment fell in early November amid a grim outlook for future job prospects, although separate data showing rising imports in September raised some hopes of renewed U.S. economic growth.
Shares of discount retailer Dollar General Corp rose in their debut on the New York Stock Exchange, opening at $22, or 4.8 percent above Thursday's initial public offering price of $21.
The head of the International Monetary Fund said on Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession.
U.S. stocks edged up on Friday as solid earnings from Walt Disney Co and JC Penney Co Inc offset weaker-than-expected consumer sentiment data.
U.S. stocks edged up on Friday as solid earnings from Walt Disney Co and JC Penney Co Inc offset weaker-than-expected consumer sentiment data.
The U.S. trade deficit widened in September by an unexpectedly large 18.2 percent, the largest increase in more than 10 years, as oil prices rose for the seventh straight month and imports from China bounded higher.
JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail ethically bankrupt and said regulators should have the power to wind down even the largest lenders.
The alleged mastermind of the September 11, 2001 attacks, Khalid Sheikh Mohammed, and four others will be sent for prosecution in a criminal court in New York from the U.S. military prison at Guantanamo Bay, Cuba, an Obama administration official said on Friday.
The International Documentary Association on Thursday unveiled nominees for its widely-watched awards, putting its spotlight on non-fiction films that might also compete for Oscars early next year.
A suicide car bomber attacked an office of Pakistan's main intelligence agency in the northwestern city of Peshawar on Friday, killing 10 people and wounding 60, officials said.
U.S. consumer sentiment fell in early November to the weakest in three months amid grim expectations for job and income prospects, a survey showed on Friday.
North Korea's military warned the South that it was ready for battle over a disputed sea border, issuing a new threat on Friday that raised tension as U.S. President Barack Obama started a major tour of Asia.
China is falling in love with Hyundai Motor. The South Korean company has accelerated to become the maker of the top selling foreign car brand in the world's largest auto market today from virtually nothing just seven years ago.
Hyundai Motor has left rivals in the dust with a stunning run this year, and Japanese automakers have even more to worry about now as the yen climbs and South Korea seals more trade pacts to benefit its exporters.
