Improving U.S. consumer sentiment and a big drawdown in wholesale inventories on Friday built on recent evidence that an economic recovery was picking up speed.
The U.S. government on Friday posted a smaller-than-expected $111.40 billion budget deficit for August, marking a record-matching 11 straight months of deficits.
In obscure corners of the U.S. stock market -- where flash orders, dark pools and other controversial practices thrive -- regulators are trying to shine a light to guard against unfair dealing.
Google Inc is disappointed with the lack of breakthrough investment ideas in the green technology sector but the company is working to develop its own new mirror technology that could reduce the cost of building solar thermal plants by a quarter or more.
Apple's decision not to include a camera in the new iPod Touch is somewhat surprising. After all, there is already a perfect camera for the job, and it sits inside the iPhone. That Apple included a video camera inside the iPod Nano makes this more inexplicable still - the Apple of today is clearly happy to put cameras into its media players (unlike the first iPhone, whose camera was so poor we thought it was just a petulant capitulation to cellphone norms).
The Federal Communications Commission, the U.S. agency that regulates the telecommunications industry, is becoming more media savvy by joining popular networking sites such as Twitter, YouTube and Facebook.
China Internet search giant Baidu Inc is likely to maintain its search lead over rival Google in China in the near term, given the firm's aggressive expansion plans, a top Baidu executive said.
The U.S. government on Friday posted a smaller-than-expected $111.40 billion budget deficit for August, marking a record-matching 11 straight months of deficits.
U.S. stocks edged down on Friday after five straight days of gains as the rally started to show signs of fatigue along with a drop in crude oil prices.
Bank of America Chief Executive Ken Lewis said his company is still in talks with U.S. officials on how to compensate the government for a prior loss-sharing agreement, according to a letter released by a watchdog lawmaker on Thursday.
China's Alibaba Group said on Friday it will launch an international business-to-business (B2B) platform in the United States by the end of the year, as the company seeks to globalize its brand.
U.S. antitrust regulators have requested more documents in their probe of Microsoft Corp's deal to provide search engine technology to rival Yahoo Inc , the two companies said on Friday.
U.S. stocks fell modestly on Friday, snapping a five-day streak of gains, as declining crude oil prices offset positive economic data and a rosy outlook from shipping company FedEx Corp .
A U.S. court of appeals on Friday overturned a $358 million damages award against software maker Microsoft Corp in a long-running patent dispute with French telecoms equipment firm Alcatel-Lucent.
U.S. investigators are probing the former head of American International Group Inc's Financial Products unit, Joseph Cassano, and other executives for securities fraud, a law enforcement source familiar with the case said on Friday.
U.S. investigators are probing the former head of American International Group Inc's Financial Products unit, Joseph Cassano, and other executives for securities fraud, a law enforcement source familiar with the case said on Friday.
Improving U.S. consumer sentiment and a big drawdown in wholesale inventories on Friday built on recent evidence that an economic recovery was picking up speed.
The U.S. economy is tentatively emerging from severe recession and inflation, as well as inflation expectations, are under control, Chicago Federal Reserve Bank President Charles Evans said on Friday.
Stocks dipped toward session lows on Friday, weighed down by a pullback in shares of energy companies that followed oil futures lower.
U.S. stocks struggled for traction on Friday after five days of gains, even as positive economic data and a rosier outlook from FedEx supported hopes for economic recovery.
U.S. investigators are probing the former head of American International Group Inc's Financial Products unit, Joseph Cassano, and other executives for securities fraud, a law enforcement source familiar with the case said on Friday.
U.S. stocks were little changed on Friday as positive data and a rosier outlook from FedEx supported hopes for economic recovery, but Wall Street struggled for traction after five days of gains.
U.S. consumer sentiment rose in early September to the strongest in three months with growing expectations the economy will improve, a survey showed on Friday.
Wall Street was set for a modestly higher open on Friday as investors were optimistic about economic recovery prospects and FedEx said its first-quarter earnings would exceed expectations.
FedEx Corp said profits in both the current and subsequent quarters would be higher than it had earlier expected, citing an improving economy and fuel prices, and its shares jumped 4.5 percent in premarket trading.
Wall Street was poised for a flat to higher open on Friday as positive remarks from Treasury Secretary Timothy Geithner supported optimism for a recovery, but stocks could stall after five days of gains.
U.S. import prices spiked 2 percent in August as the cost of oil rose, the Labor Department said on Friday,
It makes sense for China to diversify its huge stockpile of foreign exchange reserves, the U.S. Treasury's economic and financial emissary to China said on Friday.
Japan's economy grew a revised 0.6 percent in the three months to June, less than preliminary figures had shown but confirming that the economy crawled out of recession after a full year of sharp contraction.
