Existing home sales resumed their growth trend in September, with sales having risen for five of the past six months, the National Association of Realtors reported on Friday.
Microsoft Corp's quarterly profit and revenue beat Wall Street expectations, sending shares of the world's largest software maker sharply higher on Friday.
The Dow and the S&P 500 indexes moved lower on Friday as a brief boost from September existing home sales data evaporated, and gains in the U.S. dollar diminished the appetite for riskier assets.
Oil prices slipped back below $81 a barrel on Friday after skepticism the economic recovery was robust enough to spur a convincing rise in fuel demand quelled the appetite to extend this week's powerful rally.
Stock futures pointed to a higher open on Friday after Microsoft Corp's quarterly earnings topped expectations and ahead of data expected to show monthly improvement in the housing market.
U.S. Federal Reserve Chairman Ben Bernanke said on Friday regulators are considering a capital surcharge on large banks as one way to reduce the risk any one firm's problems could destabilize the financial system.
U.S. Federal Reserve Chairman Ben Bernanke said on Friday regulators are considering a capital surcharge on large banks to reduce the risks that any one firm's problems could destabilize the financial system.
Oil prices rose on Friday, holding above $81 a barrel, but skepticism economic recovery was robust enough to spur a convincing rise in fuel demand limited the appetite to extend this week's powerful rally.
Investors smelling profits in commodities are using the sector as an early cycle play, alongside equities, because a lack of production capacity means higher prices sooner rather than later.
Stock futures rose slightly on Friday ahead of earnings from software giant Microsoft Corp and existing home sales data.
Britain's economy contracted in the third quarter of this year, quashing hopes the downturn was ending and instead marking the longest recession on record.
Stock futures rose slightly on Friday ahead of earnings from software giant Microsoft Corp and existing home sales data.
Japan's Nikkei stock average edged up 0.2 percent on Friday, with construction machinery shares rising on hopes for China's economy and Kirin Holdings (2503.T) gaining ground on a brokerage upgrade.
Oil prices edged lower on Friday, back toward $81 a barrel, as skepticism economic recovery was robust enough to spur a convincing rise in fuel demand curbed appetite to extend this week's powerful rally.
Stock index futures pointed to a slightly higher open for Wall Street on Friday, as investors awaited results from software giant Microsoft and data on home sales.
World stocks broke a three-day losing run on Friday and hovered near their 12-month high, boosted by the Dow's return above 10,000 points, while the dollar briefly touched a new low for the year against the euro.
Liabilities at Japan Airlines Corp would exceed its assets by as much as $8.8 billion if Asia's largest airline by revenues were liquidated, a source with direct knowledge of the matter said on Friday.
General Motors Chief Executive Fritz Henderson will get a raise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg said, citing a person familiar with the matter.
General Motors Chief Executive Fritz Henderson will get a rise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg said, citing a person familiar with the matter.
Microsoft is ready to regain its stronghold in operating system war over Apple as the Redmond giant released Windows 7 to fight for the mindshare of consumers after the failure of Vista. Through the comparison below you can see the pros and cons of both operating systems.
Calpers, the biggest U.S. public pension fund, is reviewing its business relationship with Apollo Global Management, examining fees, performance and the relationship as a whole, the Wall Street Journal reported on Thursday, citing documents outlining the review.
Corporate spending is showing signs growth despite still low levels, the chief executive of American Express Co. said on Thursday.
CIT Group Inc , a large finance company trying to avoid bankruptcy, reached a tentative agreement with Goldman Sachs Group Inc over a disputed payment on a $3 billion loan, Dow Jones Newswires reported on Thursday, citing people familiar with the matter.
Big banks took a beating from government on Thursday, both in the U.S. Congress where lawmakers backed tougher industry rules, and from U.S. and UK regulators who moved aggressively to restrain bankers' pay.
American Express Co posted stronger-than-expected quarterly earnings on Thursday as the credit card company trimmed costs, consumer spending declined at a slower pace and credit losses were lower than forecasts.
The Aussie dollar ran into a wall of resistance ahead of 93 cents during yesterday's Asian morning session retreating throughout the afternoon with the market somewhat disappointed by China's envious 8.9% economic growth result.
American Express Co posted stronger-than-expected quarterly earnings on Thursday as the credit card company trimmed costs, consumer spending declined at a slower pace and credit losses were lower than forecasts.
The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
The Wasserstein family will not sell New York Magazine, the weekly arts, entertainment and lifestyle title owned by leading investment banker Bruce Wasserstein, who died on October 14.
American Express Co reported on Thursday lower quarterly earnings as consumers spent less with their credit cards and credit losses rose.
