CIT Group Inc's bankruptcy case was reassigned on Monday to U.S. Bankruptcy Judge Allan Gropper following the recusal of Judge Robert Gerber, who had been assigned the case hours earlier.
U.S. stocks rose on Monday after U.S. factory activity grew more than forecast in October, alongside improved global manufacturing, and pending home sales increased unexpectedly.
U.S. manufacturing activity rose to its highest level in 3-1/2 years last month and pending home sales contracts unexpectedly surged in September, offering hope the budding economic recovery would be sustained.
The U.S. manufacturing sector grew in October for the third consecutive month and at a faster rate than expected, according to an industry report released on Monday.
Pending sales of previously owned U.S. homes unexpectedly rose in September to their highest level in nearly three years ahead of the expiration of a popular tax credit for first-time buyers, a survey showed on Monday.
Pending sales of previously owned U.S. homes unexpectedly rose in September to their highest level in nearly three years ahead of the expiration of a popular tax credit for first-time buyers, a survey showed on Monday.
CIT Group Inc's bankruptcy case was assigned on Monday to U.S. Bankruptcy Judge Robert Gerber, the same judge who oversaw the recent reorganization of the automaker General Motors Co.
Pending sales of previously owned U.S. homes unexpectedly rose in September to their highest level in nearly three years ahead of the expiration of a popular tax credit for first-time buyers, a survey showed on Monday.
Ford Surprises, Credit Tough Amid CIT Woes; Summers' Summit
Oil rose above $77 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.
U.S. stock index futures pointed to a higher open on Monday ahead of data expected to show the U.S. manufacturing sector grew in October alongside improved global manufacturing.
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U.S. stock index futures pointed to a higher open on Monday ahead of data expected to show the U.S. manufacturing sector grew in October alongside improved global manufacturing.
Democratic leaders in the U.S. House of Representatives unveiled a bill on Thursday to reform the U.S. healthcare system, President Barack Obama's main domestic objective.
The Obama White House on Friday said the $787 billion economic stimulus plan approved early this year had saved or created 640,329 jobs so far.
White House economic adviser Lawrence Summers will lead a high-level meeting on Monday to discuss the state of the economy, job creation and ways to achieve sustainable growth.
Supporters say New York Mayor Michael Bloomberg, who appears set to win a third term this week, gets credit for saving the city from the worst of the financial recession but his critics say he did not do enough.
An independent candidate stressing New Jersey's economic woes is attracting surprising voter support in the governor's race, which features an unpopular Democratic incumbent and a Republican challenger with ties to former President George W. Bush.
CIT Group Inc's bankruptcy filing could push at least some small businesses it finances to look for a new lender, but finding new credit will be tough.
Voters in Virginia and New Jersey will elect governors on Tuesday with Republicans and Democrats debating whether the outcome will render the first electoral judgment on U.S. President Barack Obama.
Oil rose toward $78 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.
Commercial lender CapitalSource Inc (CSE.N) posted a third-quarter loss of $274 million, hurt mainly by a two-fold rise in loan loss provisions, and said it expects elevated credit charges to continue into 2010.
U.S. stock index futures rose on Monday, signaling a rebound after the previous session's steep losses, ahead of data expected to show U.S. manufacturing grew for a third consecutive month in October.
U.S. companies hurt by the global credit crisis are continuing to hold more cash, even as the economy begins to show signs of improvement, the Wall Street Journal said, citing its analysis of company filings.
U.S. stock index futures rose on Monday, signaling a rebound after the previous session's steep losses, ahead of data expected to show U.S. manufacturing grew for a third consecutive month in October.
European shares recovered from a four-week low to trade flat by mid-session on Monday and a volatility index spiked up, indicating waning investor appetite for risk.
Britain's top share index rose 0.6 percent in mid-session trade on Monday supported by gains from miners and oils after bullish economic data, which offset weaker defensive stocks.
U.S. stock index futures rose on Monday, signaling a rebound from Friday's steep losses, ahead of data expected to show U.S. manufacturing grew for a third consecutive month.
White House economic adviser Lawrence Summers will lead a high-level meeting on Monday to discuss the state of the economy, job creation and ways to achieve sustainable growth.
U.S. stock index futures rose on Monday, signaling a rebound from Friday's steep losses, ahead of data expected to show U.S. manufacturing grew for a third consecutive month.