U.S. short-term borrowing costs edged up on Thursday on concern the Federal Reserve could signal it is ready to tighten monetary policy sooner than traders had thought.
Standard & Poor's may downgrade around $578 billion of collateralized debt obligations backed by corporate debt as a result of changes the rating agency is making to the way it rates the deals, S&P said on Thursday.
New York's troubled public transit system has a $9.9 billion funding gap in its 2010-2014 capital program which it may have to close with debt absent any other source of funds, the state comptroller said on Thursday.
The Federal Reserve bought $25.45 billion net of agency mortgage-backed securities in the latest week, the New York Fed said on its website on Thursday.
U.S. stocks slipped on Thursday after a three-day runup on concern recent gains were overextended despite the latest round of solid economic data.
Home sales in the San Francisco Bay area fell 14.3 percent in August from July as buyers found fewer bargains due to a slimmer inventory of foreclosed properties, MDA DataQuick said on Thursday.
New construction of U.S. homes and permits for future building scaled a nine-month high in August, and the number of people filing new claims for jobless benefits fell last week, suggesting a recovery was underway.
U.S. households' net worth rose by $2 trillion to $53.1 trillion in the second quarter, the first increase since before the recession began in 2007, Federal Reserve data showed on Thursday.
Discover Financial Services posted stronger-than-expected quarterly earnings on Thursday as bad loans grew less than feared and the sixth-largest U.S. credit card issuer trimmed costs.
U.S. stocks were little changed in choppy trading on Thursday as investors paused after an extended period of gains, expressing worries about a pullback.
World leaders are likely to agree to curb bank bonuses at next week's G20 summit and want evidence recession is over before they stop spending to prop up their economies, European heads of government said on Thursday.
Shares of American Airlines parent AMR Corp soared as much as 25 percent Thursday after the company said it had raised $2.9 billion and would shift flying to more profitable routes.
FedEx Corp reported a 53 percent drop in quarterly profit on Thursday as the worldwide economic downturn continued to weigh on shipping volumes.
U.S. stocks declined on Thursday, weighed down by materials and financial shares as investors paused following a three-day run-up.
Dollar interbank lending rates paused at record lows on Thursday after a report that Federal Reserve policymakers were divided on when to begin raising interest rates.
Technology firm Allied Technologies Ltd on Thursday announced plans for a major boost to internet connections in east Africa and said it expects to double profit in the region by early next year.
U.S. stocks were little changed on Thursday after results from FedEx Corp tumbled and several economic reports pointed to a fragile recovery.
Three quarters of a million eBay Inc users have signed a petition urging European Union antitrust regulators to stop companies blocking online sales, the Internet auction house said on Thursday.
The head of No. 3 U.S. mobile service Sprint Nextel Corp said on Thursday that it is fair for the U.S. government to ask whether handset exclusivity deals should have time limits.
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World leaders will commit to keep spending to prop up their economies at a G20 summit next week, Russia said on Thursday, while France appeared to tone down its rhetoric on the issue of bank bonus caps.
U.S. stocks rose slightly in volatile trade on Thursday as positive economic data outweighed a report from FedEx Corp that the global downturn continued to hurt its shipping business.
The number of U.S. workers filing new claims for jobless benefits unexpectedly fell last week, data on Thursday showed, while there was a rise in the number of those still on the benefit rolls after an initial week of aid.
Oil prices hovered around $72.50 a barrel on Thursday after rising more than 5 percent this week as swollen U.S. distillate stocks such as diesel offset a weaker dollar and rallying equities.
Discover Financial Services posted better-than-expected quarterly earnings on Thursday as loan losses grew less than anticipated and the sixth-largest U.S. credit card issuer trimmed costs.
Chip technology developer Tessera Technologies Inc raised its third-quarter revenue forecast, driven by improved performance across its segments.
The head of No. 3 U.S. mobile service Sprint Nextel Corp said on Thursday that it is fair for the U.S. government to ask whether handset exclusivity deals should have time limits.
Package delivery giant and U.S. economic bellwether FedEx Corp reported better- than-expected quarterly earnings on Thursday, helped by a pickup in international freight volumes and cost controls.
Wall Street opened flat on Thursday after FedEx Corp reported in-line quarterly profits and even as the latest labor and housing data indicated an economic recovery was gaining steam.
U.S. stock index futures pointed to a flat to lower open on Thursday as FedEx Corp reported in-line quarterly profits and even as the latest labor and housing data indicated an economic recovery was gaining steam.
