U.S. regulators failed to realize the massive risk American International Group Inc's credit default swaps posed and should have stepped in sooner to stop the insurer from originating the products, the head of the Office of Thrift Supervision said on Thursday.
NATO foreign ministers agreed Thursday to resume high-level formal ties with Russia, suspended last year after Moscow's military thrust into Georgia.
Top U.S. retailers saw anemic same-store sales in February as shoppers kept a tight hold on spending, but Wal-Mart Stores Inc again beat expectations and said lower gasoline prices had relaxed some household budgets.
Top U.S. retailers saw anemic same-store sales in February as shoppers kept a tight hold on spending, but Wal-Mart Stores Inc again beat expectations and said lower gasoline prices had relaxed some household budgets.
Pakistani authorities have identified the people responsible for this week's attack on Sri Lanka's cricket team, a senior government official said on Thursday.
General Electric Co's gilt-edged triple-A credit rating could be in jeopardy, but concerns about the short-term liquidity of its finance arm are overdone, the U.S. conglomerate's chief financial officer said on Thursday.
Premier Wen Jiabao said China would ramp up deficit spending this year to hit its all-important 8 percent growth target but did not announce an increase in an already-huge two-year economic stimulus plan that markets had craved.
Sudan's president told thousands of cheering supporters Thursday an international call for his arrest on war crimes charges was a ploy by western nations set on grabbing the country's oil.
President Hugo Chavez seized a unit of American food giant Cargill on Wednesday and threatened to take over Venezuela's largest private company, renewing a nationalization drive as the OPEC nation's oil income plunges.
The Bank of England cut interest rates by 50 basis points to a record low of 0.5 percent on Thursday, and said it would pump 75 billion pounds of new money into buying assets, mostly gilts, in its battle with recession.
Stocks headed for a sharp drop at Thursday's open, weighed down by General Motors' warning about its viability and caution about the outlook for major conglomerate General Electric .
The number of U.S. workers filing new claims for jobless benefits fell more than expected last week, a government report showed on Thursday, but remained at high levels consistent with a severe recession.
Top U.S. retailers saw anemic same-store sales in February as shoppers kept a tight hold on spending, but Wal-Mart Stores Inc again beat expectations and said lower gasoline prices had relaxed some household budgets.
The number of U.S. workers filing new claims for jobless benefits fell more than expected last week, a government report showed on Thursday, but remained at high levels consistent with a severe recession.
Half of institutional investors plan to increase their funding of clean energy compared with 12 months ago, but that will not be enough to drive global growth in the sector this year, a survey published on Wednesday said.
Ford Motor Co expects electric vehicles will represent a major portion of its lineup a decade from now as the automaker breaks away from a recent reliance on pickup trucks and SUVs, Chief Executive Alan Mulally said on Wednesday.
Wal-Mart Stores Inc reported a higher-than-expected 5.1 percent rise in February sales at U.S. stores open at least a year, saying lower gas prices meant shoppers had more money to spend in its discount stores.
Oil fell more than a dollar to below $44 on Thursday as a record drop in euro zone economic performance heightened expectations that fuel consumption would shrink further.
Stock index futures fell on Thursday, weighed down by a warning from General Motors that there was substantial doubts about its ability to continue as a going concern and caution ahead of key data.
U.S. stock index futures fell to session lows on Thursday after beleaguered U.S. automaker General Motors Corp said there was substantial doubt about its ability to continue as a going concern.
General Motors Corp said on Thursday that substantial doubt existed about the ability of company to continue as a going concern.
Oil fell more than a dollar toward $44 on Thursday, after surging nearly 9 percent in the previous session on a surprise drop in U.S. crude stocks that could signal recovering demand in the top energy consumer.
