The U.S. government plans to accelerate the pace of processing up to $3 billion in cash for clunkers reimbursements to auto dealers and hopes to complete the job by month's end, officials said on Thursday.
North Korea said Friday that it was in the final stage of enriching uranium, a process that would give it a second path to making a nuclear weapon.
US TREASURIES pulled back on Thursday. Pressure from covering of recent long positions, announcements of next week's Treasury auctions and an apparent stabilization of equity prices ahead of Friday's reports on US payrolls prompted many with long positions to cover ahead of the long weekend.
The contraction in the U.S. services sector eased last month, with a gauge of activity hitting its highest point in nearly a year, a further suggestion that a modest economic recovery was under way.
U.S. stocks rose on Thursday, snapping a four-day losing streak, after stronger-than-expected retail sales data eased concerns about the economy before Friday's important jobs data.
European Union antitrust regulators launched an in-depth probe on Thursday into Oracle Corp's $7 billion takeover of Sun Microsystems Inc on concerns the deal could dent competition in the database market.
U.S. scientific instruments maker Thermo Fisher Scientific Inc said on Thursday it agreed to buy privately held Brahms AG for about $470 million to acquire the German company's line of diagnostic tests and expand its manufacturing presence in Europe.
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The head of General Motors Europe told a newspaper he believed Canadian auto parts group Magna was most likely to win a bidding battle for Opel, but that the carmaker could also thrive under the ownership of its U.S. parent.
Gold prices rallied on Thursday to their highest level since February on strong investment demand amid caution ahead of key U.S. non-farm payrolls data on Friday.
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U.S. home prices are nearing the end of a three-year slump and should rise in 2010, though the overall economy can rebound even if the housing market does not, according to a Reuters poll.
Family Dollar Stores Inc saw quarterly sales grow less than expected, as store reorganizations it undertook across the country interrupted some shopping, and its shares fell nearly 9 percent.
Chemical shipments on U.S. railroads fell 13.4 percent last week, the Association of American Railroads said on Thursday.
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U.S. home prices are nearing the end of a three-year slump and should rise in 2010, though the overall economy can rebound even if the housing market does not, according to a Reuters poll.
Starbucks Corp named Michelle Gass on Thursday to the new role of president of its Seattle's Best Coffee chain, responsible for building out the brand and managing 550 U.S. Seattle's Best cafes.
Oil prices slipped on Thursday, settling just under $68 a barrel as disappointing news from the labor market outweighed economic optimism from data showing that the U.S. service sector and retail sales improved.
U.S. stocks were little changed on Thursday, with investors divided between hopes of recovery after stronger-than-expected retail sales and worries about the economy before Friday's key jobs report.
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The U.S. manufacturing sector's return to expansion should be music to equity investors' ears, but bankers say past experience as well as the circumstances of the current rebound suggest a good deal of caution is warranted.
The two main U.S. regulators policing the securities and futures markets were urged on Thursday to align their rules for ferreting out fraud, protecting investors and punishing wrongdoers.
