Stocks rose on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500's two days of losses.
When a major swimwear factory in Bangkok found its sales plummeting in the downturn, it laid off some 1,900 workers, almost all of them women.
Former project manager Bob Short has a ready answer to describe which job is more difficult -- his old post at Nuveen Investments or his current position as stay-at-home dad.
Stocks rose on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500's two days of losses.
U.S. financial regulators would gain the power to restrict holdings of over-the-counter derivatives under legislation to be crafted in the coming months, the chairmen of two House of Representatives committees said on Thursday.
Dutch court has issued an ultimatum for The Piratebay to stop all its activities in Netherland within 10 days.
U.S. stocks jumped on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500's two days of losses.
One hundred ninety-seven years, one month and 14 days after its founding, Citigroup Inc has given a roughly 34 percent stake to U.S. taxpayers.
Bank of America Corp Chief Executive Kenneth Lewis downplayed growing concern that banks are indifferent to providing needed credit to get the economy moving again, while maintaining that vitriol over the industry's responsibility for the recession is overdone.
U.S. President Barack Obama, reflecting on government support for the financial sector, said it is dangerous for the economy when companies believe they are too big to fail.
Major U.S. and European companies reported lower profits on Thursday, with most saying they did not expect a quick economic recovery, while U.S. and German jobless numbers, while both higher, offered differing clues about when the recession will end.
Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.
Jonathan Spicer and Daisy KuAggressive cost cutting helped NYSE Euronext beat expectations for a second straight quarter on Thursday, although $442 million in one-time charges forced the transatlantic exchange operator to record a loss.
Bonuses paid to executives at nine banks who received U.S. government bailout money in 2008 were in some cases greater than net income, the office of New York Attorney General Andrew Cuomo said on Thursday.
U.S. stocks surged on Thursday as a drop in the number of Americans on jobless benefits and a batch of solid corporate profit reports bolstered hope for an economic recovery.
Oil rose above $64 a barrel on Thursday, boosted by stock markets in Europe and Asia, better than expected corporate results and data suggesting the economic downturn was bottoming out.
Rumors about the Windows 7 RTM crack was confirmed by Microsoft after the latest intriguing news spread quickly.
A new iPhone virus has been discovered on Thursday that could infect every iPhone in the world through Short Message Service (SMS), or text messaging.
MasterCard Inc , the world's second-largest credit card network, reported better-then-expected quarterly earnings Thursday as it raised fees charged to banks and cut expenses, sending its shares up 6.5 percent.
The number of Americans collecting long-term unemployment aid fell to the lowest in three months in mid-July, according to government data that implied a slowing pace of layoffs as the economy stabilizes.
In the past week the number of U.S. workers filing new claims for jobless benefits rose to numbers slightly above the expected numbers according to government data on Thursday. Initial claims for state unemployment insurance benefits rose 25,000 to a seasonally adjusted 584,000 in the week ended July 25.
Stocks advanced on Thursday as a string of solid corporate profits and a drop in the number of Americans staying on jobless benefits fueled economic recovery hopes.
Jonathan Spicer and Daisy KuAggressive cost cutting helped NYSE Euronext beat earnings expectations for a second straight quarter Thursday, and the company expects staff reductions to yield more savings.
The number of U.S. workers filing new claims for unemployment benefits rose slightly more than expected last week, but the number of workers staying on jobless rolls fell to the lowest in three months, government data showed on Thursday.
Stocks rose on Thursday as a string of solid corporate profits and a drop in the number of Americans staying on jobless benefits fueled economic recovery hopes.
Oil rose above $64 a barrel on Thursday, boosted by stock markets in Europe and Asia, better than expected corporate results and data suggesting the economic downturn was bottoming out.
MasterCard Inc , the world's second-largest credit card network, reported better-then-expected quarterly earnings Thursday as it raised fees and cut expenses, sending its shares up 6.5 percent.
Dow Chemical Co posted a second-quarter loss on Thursday as sales slumped and the company took large charges to revamp its operations.
Hope and jobs are in short supply in Ohio eight months after President Barack Obama won the recession-battered state in the 2008 election with promises of a better future.
A San Francisco attorney who interviewed imprisoned swindler Bernard Madoff in a federal prison this week said on Wednesday he plans to amend a lawsuit to include possibly several fund managers who funneled investor money to Madoff's $65 billion Ponzi scheme.
