Sharp Corp decided to increase LCD panel production after facing continuous high demands of it LCD panels for TVs.
Google Inc is already working with technology companies to support the newly announced Google Chrome Operating System from the firm.
Oil prices rose slightly on Thursday as talk of refinery shutdowns spurred stirred gasoline supply concerns, ending a six-day slide.
The S&P 500 and the Nasdaq rose on Thursday as investors rotated into beaten-down technology and commodity shares from healthcare and consumer staples, while a positive broker comment on Goldman Sachs boosted the financial sector.
Allen Stanford will remain in jail after a federal judge on Thursday denied a request to reconsider the Texas financier's detention.
Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud, his main lawyer said on Thursday.
Shares of American International Group Inc plummeted 22 percent on Thursday after a Citigroup analyst said the value of the troubled insurer's equity may fall to zero.
Shares of casino stocks rose on Thursday after the Nevada Gaming Control Board released gaming revenues for May that showed a moderating decline.
Nokia on Thursday unveiled a new line of mobile phone, a ruggedized 3720 classic handset but built in IP-54 standards to resist water, dust and shock.
Citigroup announced on Thursday its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.
U.S. stocks rose on Thursday as investors snapped up beaten-down technology and commodity shares, while a positive broker comment on Goldman Sachs boosted the financial sector.
Oil prices steadied at $60 a barrel on Thursday after a six-day slide as a drop in U.S. jobless claims fueled optimism about the economy.
As Citigroup downsizes, chief executive Vikram Pandit announced today he is installing new senior managers at the company's top ranks.
American International Group Inc , the insurer rescued by a series of federal bailouts, may have zero equity value due to the risk of more credit default swap losses and the disposal of key assets at low valuations, Citigroup said.
Citigroup Inc on Thursday announced its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.
The number of U.S. workers filing new claims for jobless benefits fell to the lowest level since January, but the seasonally adjusted data was distorted by an unusual pattern of layoffs in the automotive industry.
The Bank of England cut the pace at which it pumps money into Britain's economy on Thursday after unexpectedly deciding not to expand its 125 billion pound ($204 billion) asset buying scheme, raising fears it may stop purchases completely.
The Nasdaq and the S&P 500 rose slightly on Thursday as investors unloaded consumer staple and healthcare stocks and bought technology and commodity-related shares.
For the first time since January, the number of Americans filing for unemployment claims fell in the past week according to reports from the Labor Department. The number of initial claims in the week ending July 4 fell 52,000 to 565,000.
Citigroup said there is a high probability that American International Group Inc's equity value is zero, given the risk of more credit default swap losses and the management's eagerness to dispose of key businesses at low valuations.
June sales fell for most U.S. retailers as the plunging job market and cool, rainy weather dampened interest in summer shopping for consumers, triggering concern about the back-to-school season.
Oil reversed early gains and dropped below $60 a barrel on Thursday as a downturn in U.S. equities added to pressure from high U.S. oil inventories and persistent concerns about the timing of any economic recovery.
The Bank of England decided on Thursday to stick to its program of pumping 125 billion pounds into the economy, defying expectations it would expand its bond purchases and boosting fears it may be about to end the scheme.
Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 percent and a second stimulus package might be needed as the economy struggles to recover from recession.
The number of U.S. workers filing new claims for jobless benefits fell sharply last week but the data was distorted by an unusual pattern of layoffs in the automotive industry, which amplified the decline.
U.S. stock index futures pointed to a higher open on Thursday after jobless claims dropped and better-than-expected Alcoa results gave a positive tone to the start of the second-quarter earnings season.
American International Group Inc has resumed talks to sell its American Life Insurance Co unit to MetLife Inc in a transaction that could help the stricken insurer raise more than $15 billion, the Financial Times said.
The number of U.S. workers filing new claims for jobless benefits fell sharply last week but the decline was amplified by seasonal adjustments mainly connected with fewer-than-expected layoffs in the automotive sector, the Labor Department said on Thursday.
U.S. stock index futures pointed to a higher open on Thursday after Alcoa posted better-than-expected quarterly results and gave a positive tone to the start of the second-quarter earnings season.
The Bank of England surprised markets on Thursday by keeping its quantitative easing program unchanged at 125 billion pounds, boosting speculation that it may soon finish its unprecedented asset-buying scheme.
