Escalating fears about a potential bankruptcy of embattled U.S. lender CIT Group caused its debt to sell off steeply and its shares to plummet on Thursday after it said government bailout talks had ended.
U.S. lawmakers on Thursday slammed former Treasury Secretary Henry Paulson over the government's role in Bank of America's merger with Merrill Lynch, saying authorities suppressed information about losses and bullied executives into going through with the deal.
Newly re-elected President Mahmoud Ahmadinejad said on Thursday his next government would bring down the global arrogance, signaling a tougher approach by Tehran toward the West after last month's disputed election.
U.S. stocks rose on Thursday, as investors anticipated another round of strong corporate earnings, sending technology shares higher ahead of quarterly results from IBM.
Sun Microsystems Inc shareholders approved the computer maker's $7 billion sale to Oracle Corp as the two await antitrust clearance from U.S. and EU regulators before they can close the deal.
The United States may need a second fiscal stimulus worth $200-250 billion around the end of the year, but the worst of the economic and the financial crisis is already behind us, leading economist Nouriel Roubini of RGE Global Monitor said on Thursday.
President Barack Obama on Thursday sought to convince Republicans to support overhaul of the U.S. healthcare industry, his signature domestic policy goal, as the measures moved on a fast-track through congressional committees with only Democratic support.
Near-zero U.S. interest rates forced Charles Schwab Corp to slash the asset management fees it charges clients, weighing on its profit -- and much more slashing is expected before year end.
U.S. home builder sentiment in July jumped to its highest level since September as improved sales conditions boosted confidence in the market for new single-family homes, an industry group said on Thursday.
The receiver charged with marshaling assets of accused swindler Allen Stanford said in court papers on Thursday he needs the help of a private equity adviser to manage the estate's web of investments which total about $650 million.
U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated.
U.S. home builder sentiment in July jumped to its highest level since September as improved sales conditions boosted confidence in the market for new single-family homes, an industry group said on Thursday.
General Motors GMGMQ.PK will have a hard time overcoming Germany's resistance to a financial investor if it wants to sell Opel to RHJ (RHJI.BR) in the hope that it could later buy its European carmaker back.
Toyota Motor Corp and Mazda Motor Corp are in talks over the possibility of Toyota supplying core components for hybrid vehicles to its smaller rival, two sources familiar with the matter said on Thursday.
The Federal Reserve on Thursday pushed back against a White House plan to give some of its consumer protection powers to a new agency, arguing there was a compelling case for the central bank to keep them.
U.S. home builder sentiment in July jumped to its highest level since September as improved sales conditions boosted confidence in the market for new single-family homes, an industry group said on Thursday.
Stocks were little changed on Thursday as the latest economic data clouded investors' views on the prospects for a recovery even as the corporate earnings season got off to a strong start.
Paulson sees no 'evidence of any illegal actions,' JP Morgan profit jumps 36 percent, Natural gas stockpiles increase below forecasts
U.S. motorcycle maker Harley-Davidson Inc reported a lower-than-expected profit on Thursday as the ugly economic environment soured consumer spending and sent bike sales sliding.
Baxter beats, Harley misses for 4th time, Biogen tops views
U.S. stockpiles of natural gas rose 90 billion cubic feet on the week ended July 10. Toyota Motor Corp. may supply hybrid vehicles' components to automaker rival Mazda Motor Corp.
Stocks slipped on Thursday as a strong start to the earnings season was countered by mixed economic data, sparking caution after a robust three-day run-up.
