U.S. Economy Grows Again; Geithner Sees Early Stability; Landlords See Hope
U.S. digital media company RealNetworks Inc swung back into the black in the third quarter as cost-cutting offset sliding revenue from music and games.
The Federal Reserve should lose its authority to bail out big, failing financial firms like AIG and Bear Stearns under proposed reforms aimed at limiting the collateral damage from such failures, U.S. Treasury Secretary Timothy Geithner said on Thursday.
Two of the largest U.S. apartment landlords said on Thursday they see something in their sector that's been missing for the past few years -- a little optimism about the future.
US EQUTIES regained all of Wednesday's losses as risk tolerance jumped back into the markets after US 3rd quarter GDP beat expectations, in particular a downgrade released by Goldman Sachs earlier in the week.
McAfee Inc , the No. 2 U.S. security software maker, reported quarterly revenue that missed Wall Street projections as sales to consumers grew at their slowest rate in almost two years.
U.S. military chiefs plan to present recommendations on troop strength and strategy in Afghanistan to President Barack Obama on Friday as White House deliberations reach an end stage, Pentagon officials said.
MetLife Inc , the No. 1 U.S. life insurer, said on Thursday it posted a quarterly loss, hurt by investment losses, some of which were tied to improvement in the company's own credit spreads.
The Australian Dollar opens higher against the greenback today at 0.9140. The Aussie spent most of the local session beneath US90 cents yesterday but bounced back to life offshore after U.S. economic growth data came in higher than anticipated. The U.S. economy grew at a 3.5 per cent annual pace in the September quarter prompting a rally in stocks and commodities and a move by investors back into high-yielding currencies.
U.S. stocks logged their best one-day percentage gain in three months on Thursday as investors saw data showing the U.S. economy returned to growth in the third quarter as brightening the outlook for profits.
The Obama administration's new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack on Thursday from Congress and regulators, with questions raised about its funding and scope.
U.S. stocks logged their best one-day percentage gain in three months on Thursday as investors saw data showing the U.S. economy returned to growth in the third quarter as brightening the outlook for profits.
U.S. stocks rallied on Thursday as GDP data showing the U.S. economy returned to growth in the third quarter buoyed hopes of a sustained rebound in corporate profits.
Major U.S. auto dealerships see only a grudging recovery in demand in 2011, a cautious outlook at odds with the consensus view that the battered industry could see a double-digit percentage rebound.
The Michael Jackson movie This Is It earned $20.1 million at worldwide box offices on its first day in theaters as fans around the globe turned out in strong numbers, Columbia Pictures said on Thursday.
Dirty Dancing star Patrick Swayze's widow, Lisa Niemi, said that even though her husband's battle with cancer lasted nearly two years, that did not prepare her for his death in September.
The soundtrack to the upcoming Twilight movie sequel grabbed the No. 1 spot on the U.S. pop chart Wednesday, while Tim McGraw followed at No. 2 with his lowest debut sales week for a studio set.
The U.S. economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fueling an unexpectedly strong advance.
Exxon Mobil Corp, Royal Dutch Shell Plc and Eni SpA dashed hopes for an imminent turnaround for the oil industry, saying sluggish economic recovery was weighing on energy demand and prices.
The Obama administration's new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack on Thursday from all sides, with critics targeting its funding and scope.
The Wall Street Journal will close its Boston bureau to save money, and shift coverage of the mutual fund industry to its money and investing reporting team, the newspaper's editor said on Thursday.
U.S. stocks rose on Thursday, helping the S&P 500 and the Nasdaq halt a four-day rout, as data showing that the U.S. economy grew faster than expected in the third quarter buoyed hopes of a recovery in profits.
