Oil prices rose above $69 a barrel on Thursday, drawing support from a sharp fall in U.S. gasoline inventories that revived hopes of a demand recovery in the world's largest fuel consumer.
Dainippon Sumitomo Pharma Co Ltd agreed on Thursday to buy U.S. drugmaker Sepracor Inc for $2.6 billion, giving the Japanese firm a big, local sales force in the world's largest drugs market.
World stocks ticked higher on Thursday, bolstered by firmer Chinese shares, while the euro gained and the region's government bonds slipped ahead of a European Central Bank monetary policy decision.
Dainippon Sumitomo Pharma Co Ltd agreed on Thursday to buy U.S. drugmaker Sepracor Inc for $2.6 billion, giving the Japanese firm a big, local sales force in the world's largest drugs market.
U.S. stock index futures pointed to a higher open on Wall Street on Thursday, following a four-day losing streak.
Federal Reserve policy-makers last month believed risks to the U.S. economy had eased considerably and discussed stretching out a program that has held down home loan rates.
Oil was steady above $68 on Thursday, after settling unchanged a day earlier, as a steep fall in U.S. gasoline inventories offset a smaller-than-expected drop in crude stocks in the world's top energy user.
Microblogging service Twitter has tapped a former Google Inc executive to be its chief operating officer, the latest move by the fledgling but fast-growing company to build out its management team as it seeks to start making money.
A U.S. federal judge ruled that Morgan Stanley and two credit rating agencies must defend fraud charges in a class-action lawsuit accusing them of masking the risks of an investment linked to subprime mortgages, and which eventually collapsed.
Cerberus Capital Management LP will prohibit investors in two new hedge funds from withdrawing money for three years, the Financial Times said on Wednesday quoting executives from the firm.
Warren Buffett's Berkshire Hathaway Inc and Leucadia National Corp agreed to buy Capmark Financial Group Inc's mortgage loan and servicing business for as much as $490 million, increasing exposure to a possible U.S. housing recovery.
U.S. securities regulators missed numerous red flags that may have led to Bernard Madoff's $65 billion Ponzi scheme and never did a thorough and competent probe despite complaints dating to 1992, a federal watchdog has concluded.
US TREASURIES moved higher again for the third session this week in the wake of a greater than expected loss of jobs in the private sector.
Online video site YouTube is in talks with several major movie studios about renting movies to users by streaming the movies over the Internet according to a person familiar with the talks on Wednesday.
Australian Dollar: The Australian Dollar has firmed once again and opens on Thursday at 0.8340 against its US counterpart. During the local session yesterday the Aussie reacted positively to the release of better than expected economic growth numbers moving to an intraday high of 0.8317.
U.S. stocks fell on Wednesday as jitters about the economy prompted investors to unload some shares for a fourth-straight day even after a sharp drop in the previous session.
The United States lost fewer private sector jobs in August than in July while companies planned fewer layoffs, suggesting modest improvement in the beleaguered U.S. labor market.
With risks considerably reduced that the stabilizing U.S. economy could suffer a relapse, the Federal Reserve decided to continue its emergency long-term security buying programs as promised, documents released on Wednesday showed.
Major exchanges differed on how far U.S. securities and futures regulators should align their rules, with the world's largest - the Chicago Mercantile Exchange - arguing against a one-size-fits-all rule.
The U.S. economy is recovering but growth will only pick up gradually and inflation is not a threat in this subdued environment, a top Federal Reserve official said on Wednesday.
Asset bubbles are hard to spot and even harder to tackle but recent lessons about the damage they can do may force policy-makers to pop them in the future, a top Federal Reserve official said on Wednesday.
The United States lost fewer private sector jobs in August than in July while companies planned fewer layoffs, suggesting modest improvement in the beleaguered U.S. labor market.
Federal Reserve officials in August believed risks to the U.S. economy had eased considerably but thought low interest rates would be needed for an extended period to bolster what would likely be at best a modest recovery, documents released on Wednesday showed.
(Corrects spelling of Johnathan in 16th paragrah)
Stocks managed to hold on to tiny gains on Wednesday afternoon as jitters about the economy kept investors from returning to the market in full force after three straight days of declines.
U.S. securities regulators missed repeated chances to uncover Bernard Madoff's Ponzi scheme, a sharply critical review by a federal watchdog said on Wednesday.
Amazon.com Inc joined the opposition to Google Inc's plan to digitize millions of books, saying that the proposed deal would fundamentally change copyright law and violate antitrust law.
The United States lost fewer private sector jobs in August than in the prior month while companies also planned fewer layoffs, suggesting modest improvement in the beleaguered U.S. labor market.
For over a decade, the Energy Information Administration (EIA) has published annual data on greenhouse gas emissions. EIA typically publishes its inventory report, Emissions of Greenhouse Gases in the United States (EGGUS) 11 months after the end of the year for which data is reported. A flash (preliminary) estimate of energy-related carbon dioxide (CO2) emissions --which account for over 80 percent of total U.S. greenhouse gas emissions--is available about 6 months earlier.
U.S. securities and futures regulators took their first steps toward resolving long-standing conflicts on how to oversee markets amid warnings not to stifle innovation and competition.
