Moody's Investors Service on Friday said it has downgraded $180 billion of U.S. collateralized loan obligations, or about 65 percent of deals it reviewed, as part of a broad appraisal of CLO ratings.
Wall Street was looking at a weak open on Friday, a day after the market logged its best gain in three months, as investors await data that will shed light on consumer sentiment and Midwest business activity.
U.S. stock index futures dipped on Friday, a day after the market logged its best percentage gain in three months, as investors await data that will shed light on consumer sentiment.
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Wal-Mart Stores Inc is now catering to its shoppers' needs from cradle to grave.
U.S. mortgage rates held steady just above 5 percent in the latest week after mixed signals on the health of the housing market, Freddie Mac (FRE.N) said on Thursday.
Wall Street was set for a near 1 percent opening gain on Thursday following four days of losses in the S&P 500 after data showed the U.S. economy grew faster than expected in the third-quarter and corporate profits reassured investors.
Wall Street was set to rise on Thursday after four days of losses in the S&P 500 as reassuring corporate profits spurred optimism ahead of data expected to show the U.S. economy resumed growing in the third quarter.
American Airlines parent AMR Corp and US Airways Group said they would cut jobs and tweak their operations to better match the travel market, which struggles to recover from the economic recession.
Wall Street was poised for a lower open on Wednesday after disappointing results from overseas bellwethers, while investors questioned how much further the market's seven-month rally had to run.
Drugmaker SciClone Pharmaceuticals Inc said it would cut about 17 percent of its U.S.-based jobs, mostly in research and development, following its decision to drop the development of its cancer drug earlier this month.
U.S. stock index futures fell on Wednesday after disappointing results from bellwethers overseas, while investors awaited figures on U.S. durable good orders and new home sales.
U.S. retail gasoline demand last week rose 5.1 percent from a year ago, according to a MasterCard SpendingPulse report released on Tuesday.
The United States will need its entrepreneurial spirit to compete with deep-pocketed China in the race to develop green energy technologies, U.S. Energy Secretary Steven Chu said on Monday.
U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.
New York gold futures ended at their lowest level in more than two weeks on Monday as a sudden resurgence of the dollar decreased bullion's appeal as a hedge
against a depreciating U.S. currency .
Despite long lines and limited supplies of theH1N1 flu vaccine, U.S. efforts against the disease are not too late, Health and Human Services Secretary Kathleen Sebelius said on Monday.
U.S. stock index futures indicated a modestly higher open on Monday, after a sell-off in the previous session, as investors looked to a busy week of economic data, while the U.S. dollar fell to a 14-month low.
New York gold futures ended lower in choppy trade on Friday, reversing gains from earlier in the session as the dollar rebounded against a basket of
major currencies after an optimistic U.S. housing report and bleak U.K. economic data.
Currency speculators increased bets against the U.S. dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position rose to $18.65 billion in the week ending Oct 20 from a $17.99 billion net short the prior week.
October U.S. auto sales should be down about 6 percent from a year ago, marking the first single-digit monthly decline since May 2008, influential industry forecasting firm J.D. Power and Associates predicted on Friday.
Signs of recovery are popping up in many corners of the U.S. economy, but the bosses of major airlines are still reaching for that rainbow.
