U.S. households' net worth rose $2.7 trillion to $53.4 trillion in the third quarter, notching its second straight quarterly advance, Federal Reserve data showed on Thursday.
The U.S. economy is struggling against headwinds that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, Treasury Secretary Timothy Geithner said on Thursday.
Bargain-seekers continued to flock to retailers offering low prices, giving Costco Wholesale Corp and newly public discounter Dollar General Corp a lift last quarter.
Sistema Shyam Teleservices, the Indian mobile unit of Russian oil-to-telecoms group Sistema (SSAq.L), has approved a new share issue that could raise nearly 35 billion rupees ($750 million), Sistema said on Thursday.
British Prime Minister Gordon Brown and French President Nicolas Sarkozy are in complete agreement on moves to tax bankers' bonuses, Brown's spokesman said on Thursday after the two leaders met.
CIT Group Inc's new shares rose as much as 6 percent from opening levels in their debut on the New York Stock Exchange on Thursday as the lender to small businesses emerged from one of the largest bankruptcies in U.S. history.
Citigroup Inc is talking with the U.S. government about paying back its bailout money, but it is not clear whether a deal is imminent, a person familiar with the matter said on Thursday.
The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October indicated the economy remained firmly on a steady growth path.
A consortium including Google and KDDI Corp has signed a deal on Thursday to build and operate an international undersea cable system, estimated to cost $400 million.
Stocks advanced on Thursday as data showed continuing claims for jobless benefits fell while the trade gap unexpectedly narrowed for October, which should provide a lift to the economy.
The head of GM's Buick and GMC brands has resigned after only nine days on the job in a continuing shakeup of the automaker's top ranks under Chairman and Chief Executive Ed Whitacre.
Eli Lilly and Co forecast 2010 earnings in line with Wall Street expectations, but suggested earnings could fall after its biggest drugs lose patent protection between 2011 and 2014.
The U.S. economy is struggling against headwinds that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, Treasury Secretary Timothy Geithner said on Thursday.
Stocks advanced on Thursday as data showed continuing claims for jobless benefits dropped while the trade gap unexpectedly narrowed for October, which should provide a lift to economic growth.
Citigroup Inc is talking to the U.S. government about paying back its bailout money, but it is not clear if a deal is imminent, a person familiar with the matter said on Thursday.
General Electric Co said on Thursday it won a $1.4 billion contract from energy producer Caithness Energy LLC to supply wind turbines for what will eventually be the world's biggest wind farm.
The U.S. trade deficit narrowed unexpectedly in October as the weak U.S. dollar helped boost exports and demand for imported oil fell to its lowest daily level since January 2000, a Commerce Department report showed on Thursday.
Citigroup Inc remains locked in active negotiations with the government over the company's plans to repay federal bailout funds, and it is not clear whether any deal is imminent, a person familiar with the talks said on Thursday.
Citigroup Inc is planning to sell roughly $15 billion of common shares to help repay funds borrowed under the Troubled Asset Relief Program, people briefed on the matter said on Thursday.
U.S. crude for January delivery rose 28 cents to $70.95 a barrel by 1537 GMT (10:37 a.m. EST), after losing almost $2 in its sixth straight day of losses on Wednesday, when it hit the lowest since early October at $70.13.
The yield on the contract due January 2011 DIJF1 fell to 10.37 percent from 10.46 percent. The yield on the contract due April 2010 DIJJ0 fell to 8.75 percent from 8.8 percent. Both were among the most active contracts of the morning.
An eBay Inc executive said on Thursday the auction company bought a stake in Craigslist partly to block rival web company Google Inc from acquiring the classified ads business.
Stocks rose on Thursday as data showed continuing claims for jobless benefits dropped and a separate report revealed the trade gap unexpectedly narrowed for October, a boost to economic growth.
Citigroup Inc's negotiations to repay its government bailout money might not be resolved until after the holidays, CNBC said on Thursday, citing a U.S. Treasury official.
Jobless Claims' 4-week moving average dropped 7,750 to 473,750, according to the latest weekly Labor Department report released today, another sign that the labor market may be approaching the end of its steep decline.
The dollar fell against the euro for the second straight day on Thursday after a narrower-than-expected U.S. trade deficit for October and some improvement in jobless claims, reducing safe-haven demand for the greenback.
The Bank of England left its asset purchase programme intact at 200 billion pounds ($325 billion) and held interest rates at 0.5 percent on Thursday, as widely expected.
Citigroup Inc's negotiations to exit TARP are uncertain, but headed in the right direction, a U.S. Treasury official told television network CNBC.
Twelve major banks, including Citigroup Inc , Goldman Sachs Group Inc and JPMorgan Chase & Co , will participate in a White House meeting with President Barack Obama on Monday, an administration official said on Thursday.
Wall Street was poised to open higher on Thursday after new claims for jobless benefits rose more than expected but the number of people seeking extended benefits fell, and a separate report showed the U.S. trade deficit unexpectedly narrowed.
