Data on Thursday underscored that the U.S. economic recovery, when it arrives, will be a long slog, with a key factory index showing only marginally less weakness and unemployment tipped to hit double-digit levels.
Shares of OpenTable Inc closed their first trading session up 59 percent on Thursday following the restaurant reservation company's initial public offering, in the best first day performance for a U.S. company in over 18 months.
Forecasts of dramatic jumps in U.S. medical costs are pushing lawmakers to reach a deal on a major healthcare revamp that seeks to extend coverage to all Americans, a leading U.S. senator said on Thursday.
Stocks slid in a broad sell-off on Thursday as investors, concerned about the U.S. budget deficit, exited dollar-denominated assets across the board.
Euro zone economies showed signs on Thursday that the worst recession in six decades is easing but data from the United States on jobless claims and business conditions signalled a bumpy recovery.
OpenTable Inc shares jumped 72 percent in their trading debut Thursday following the restaurant reservation company's initial public offering, putting it on pace for the biggest first day performance for a U.S. company in more than a year.
The Federal Energy Regulatory Commission approved the funding for a major transmission project that would deliver hydropower from Quebec to the New England region.
General Motors Corp cleared a key obstacle in its restructuring on Thursday as the United Auto Workers agreed to cut labor costs and accept new terms for a $20 billion union retiree healthcare obligation.
The rating of the United States remains AAA and stable, a spokesman for Moody's Investors Service said on Thursday.
Stocks slid in a broad sell-off on Thursday as investors, concerned about the U.S. budget deficit, exited dollar-denominated assets across the board.
Technology can pull the United States out of recession and help the world's ailing financial markets work better, Microsoft Corp Chairman Bill Gates told a high-level business summit at the company he co-founded.
Stocks fell on Thursday as investors worried the economic recovery won't be as quick as previously thought, while a cut of Britain's credit rating outlook heightened worries about the U.S. fiscal condition.
U.S. manufacturers and retailers that get products or components from China are increasingly concerned about quality, intellectual property and rising costs in China, and more are looking at alternate sites, according to a study published on Thursday.
The spread of the new H1N1 virus in Asia showed no signs of slowing Thursday as the Philippines recorded its first case and new infections were confirmed in Japan, China and Taiwan.
Xerox Corp said on Thursday Anne Mulcahy, who has been credited with revitalizing the world's top supplier of digital printers and document management services, will retire as chief executive in July and be replaced by Ursula Burns.
Standard & Poor's on Thursday cut its rating on the New York Times Co deeper into junk status, citing rising leverage in the midst of a newspaper industry slump.
The consequences of Iran acquiring a nuclear weapon would be calamitous and major powers must act together to prevent it, the top U.S. military officer said on Thursday.
Bill Gross, the co-chief investment officer of bond giant Pacific Investment Management Co., said market fears that the U.S. is at risk of losing its AAA credit rating is sending the U.S. dollar, stocks and bonds under severe selling pressure on Thursday.
Stocks slid in a broad sell-off on Thursday as a disappointing report on the labor market quashed hopes the economy was on the verge of recovery.
Dell Inc is still cautious about corporate technology spending, but plans to make acquisitions and aggressively pursue enterprise customers in an effort to win back market share in the United States.
Oil fell on Thursday, dragged down from six-month highs as signs of job market weakness stoked concerns about the economy.
Oil fell nearly 2 percent on Thursday, dragged down from six-month highs as signs of job market weakness stoked concerns about the economy.
