U.S. retailers reported their 11th straight month of sales declines in July, as shoppers continued to search for bargains and basics in the downturn.
General Motors has made little progress in resolving the key issues holding up a sale of its Opel operations to a consortium led by Magna, the U.S. carmaker's chief negotiator on the deal said on Thursday.
Ford Motor Co's (F.N) car venture in China sold 54 percent more Ford brand vehicles in July from a year earlier, its sales arm said on Thursday.
U.S. stocks slipped on Thursday as drops in telecommunications and biotechnology stocks offset optimism about the economy spurred by a sharp fall in the number of workers filing new claims for jobless benefits.
U.S. regulators said on Thursday that residential mortgage servicers dealing with first and subordinated liens on the same property must focus on getting the best overall deal for the loan's owners.
U.S. officials are considering a plan to isolate failing assets held by Fannie Mae and Freddie Mac, The Washington Post reported on Wednesday, while an administration official said such an idea was in the early stages of development.
The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.
Japan's main opposition Democratic Party, which has a good shot at winning power in a general election this month, said on Thursday it backed U.S. President Barack Obama's call to rid the world of nuclear arms.
Secretary of State Hillary Clinton said Thursday she would press South Africa to use more of its influence to counter the negative effects of Zimbabwe's President Robert Mugabe.
The United States is playing down talk of a breakthrough with Pyongyang after former U.S. President Bill Clinton flew to North Korea this week to win the release of two jailed American journalists.
After his talks with reclusive North Korean leader Kim Jong-il, Bill Clinton sure has a story to tell.
The number of U.S. workers filing new claims for jobless benefits dropped more sharply-than-expected last week, a government report showed on Thursday, boosting views that the labor market and the economy were stabilizing.
U.S. retailers reported disappointing sales declines for July, suggesting shoppers are still searching for bargains and basics in the downturn.
GW Pharmaceuticals Plc won a significant endorsement for its cannabis-based medicines on Thursday as U.S. investor Great Point Partners bought a multi-million pound stake in the company, sending GW shares sharply higher.
Closing schools, stopping large gatherings and other such measures are unlikely to do much to prevent the spread of the H1N1 swine flu pandemic, a team of experts predicted on Wednesday.
Iran has banned Iranians from performing the umra pilgrimage in Saudi Arabia during the holy month of Ramadan to slow spread of swine flu in the country, a health ministry official said Thursday.
Some U.S. retailers reported sales declines for July that were not as steep as expected, suggesting that more shoppers may be buying discretionary items.
British bank Barclays on Thursday said an overwhelming majority of its shareholders had approved the sale of investment management unit BGI to US fund manager Blackrock.
Stocks opened higher on Thursday as a sharp fall in the number of U.S. workers filing new claims for jobless benefits spurred optimism about the labor market and the pace of an economic recovery.
(Corrects Street view to 26 cents from 36 cents)
Despite polls showing growing public doubts about his healthcare overhaul, U.S. President Barack Obama vowed on Wednesday to get a reform bill through Congress this year even without Republicans on board.
Former corporate executive Don Yows took an entry-level job that set his career in information technology back by two decades.
