The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
American Express Co reported on Thursday lower quarterly earnings as consumers spent less with their credit cards and credit losses rose.
U.S. stocks rose on Thursday after quarterly results from insurer Travelers and regional bank PNC Financial gave a boost to financial stocks.
Former Friends star Courteney Cox says she has no problem starring in a TV comedy called Cougar Town.
Wal-Mart Stores Inc said on Thursday it will keep its conservative approach to U.S. expansion as it pours resources into renovating stores or exploring higher-return investments abroad.
A bigger-than-expected rise in U.S. workers filing new claims for jobless aid last week underscored how fragile the labor market remains even as a measure of economic prospects hit a two-year high last month.
A new generation of biofuels, meant to be a low-carbon alternative, will on average emit more carbon dioxide than burning gasoline over the next few decades, a study published in Science found on Thursday.
Foreign central banks' holdings of U.S. Treasuries at the Federal Reserve rose sharply in the latest week, data from the U.S. central bank showed on Thursday. Treasuries held by overseas central banks at the Fed jumped 28.71 billion to total $2.129 trillion in the week to Oct. 21.
Can a weaker dollar propel oil prices higher than current levels near $81 a barrel, or will bearish oil market fundamentals hold oil prices back? The correlation between oil prices and the dollar has reached a coefficient of -0.9 in 2009, Reuters data shows.
Pay Cuts at Bailed Out Businesses; Leading Indicators on Six Mont Tear; Wal-Mart's Modest Approach
U.S. stocks rose on Thursday after several companies reported solid earnings that lent credence to the idea corporate profitability has stabilized.
While the main gauge of U.S. manufacturing has rebounded from the depressed levels of late 2008, smaller businesses are struggling with lackluster sales and tight credit as the recession wanes.
Japan said on Thursday it could not sign off on a planned reorganisation of U.S. troops in the country before President Barack Obama visits Tokyo next month, after the U.S. defense secretary bluntly called for the deal to be implemented.
U.S. President Barack Obama should do much more to ensure Congress passes a greenhouse emissions bill, giving global climate talks a major boost, the head of the U.N. Climate Change Panel said on Thursday.
The U.S. pay czar on Thursday slashed cash compensation for the top earners at seven companies that received massive taxpayer bailouts, while allowing for some increases to retain key talent.
The chief economist at Nomura Securities' research arm said Thursday that the U.S. government must keep spending money to boost the economy to avoid the same stagnation Japan suffered in the 1990s.
Washington Mutual Inc told a federal judge on Thursday that JPMorgan should be forced to return more than $4 billion to the bankrupt holding company, whose bank was seized by regulators and sold to JPMorgan.
Wal-Mart Stores Inc said on Thursday it will keep its conservative approach to U.S. expansion as it pours resources into renovating stores or exploring higher-return investments abroad.
Oil prices fell from a one-year high on Thursday as a rise in new U.S. jobless claims sent investors seeking safer havens.
U.S. communications regulators voted unanimously to support an open Internet rule that would prevent telecom network operators from barring or blocking content based on the revenue it generated.
U.S. rapper Lil Wayne pleaded guilty on Thursday to attempted criminal possession of a weapon in a July 2007 incident and will serve a year in prison, New York City prosecutors said.
Microsoft Corp launched Windows 7 on Thursday in its most important release for more than a decade, aiming to win back customers after the disappointing Vista and strengthen its grip on the PC market.
