With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
Unauthorized Mac clone maker, Psystar, on Thursday said it will emerge from chapter 11 bankruptcy as it takes on Apple's Mac system and a legal battle.
Electronic Arts Inc. confirmed Battlefield 1943 debut next week and will be deploy on Microsoft Corp.'s Xbox 360 and Sony Corp.'s Playstation 3.
Apple has banned another iPhone App, the BeautyMeter that allows iPhone and iPod Touch users to upload photos of themselves to be rated.
Stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects.
U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring the likelihood of a long, slow recovery from recession.
Private equity groups seeking to buy failed U.S. banks would have to maintain very high capital levels and remain owners for three years under tough guidelines proposed on Thursday that some bank regulators fear could deter needed investment.
Some main business events that took place today.
Stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects.
Johnson & Johnson has agreed to pay $1 billion for an 18.4 percent stake in Irish drugmaker Elan Corp , and will acquire a major stake in Elan's portfolio of experimental drugs to treat Alzheimer's disease.
Stocks tumbled on Thursday after a larger-than-expected slide in June non-farm payrolls signaled that hopes for a quick economic recovery may prove premature.
U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said.
U.S. marshals began on Thursday the seizure of the luxury $7 million Manhattan apartment of imprisoned fraudster Bernard Madoff and his wife, Ruth Madoff, officials said.
Since Wednesday, June 24, natural gas spot prices fell at most market locations east of the Rocky Mountains, with decreases of as much as 89 cents per million Btu (MMBtu). Prices at the Henry Hub declined by 17 cents per MMBtu, or about 4 percent, to $3.63 per MMBtu.
Stocks plummeted on Thursday as a worse-than-expected slide in June non-farm payrolls fanned caution about economic recovery prospects.
U.S. marshals began on Thursday the seizure of the luxury $7 million Manhattan apartment of imprisoned fraudster Bernard Madoff and his wife, Ruth Madoff, officials said.
The European Central Bank kept euro zone interest rates at 1.0 percent on Thursday, bolstering expectations they will stay there well into next year, and said it would start buying bonds next week.
Stocks slid on Thursday after payrolls data showed much worse-than-expected job losses for June, a sign that hopes for a quick economy recovery may be premature.
Swelling gasoline stocks and a far-bigger-than-expected rise in U.S. unemployment drove oil markets down more than $2 Thursday to below $67 a barrel.
Stocks fell sharply on Thursday after payrolls data showed more Americans than expected lost their jobs in June, dimming hopes of a quick economic recovery.
U.S. employers cut 467,000 jobs in June, far more than expected, while the unemployment rate rose to 9.5 percent, the government said on Thursday in a report that showed a labor market continuing to struggle with a deep recession.
The European Central Bank left its main refinancing interest rate unchanged at a record low of 1.0 percent on Thursday, as expected by analysts.
U.S. employers cut 467,000 jobs in June, far more than expected, while the unemployment rate rose to 9.5 percent, the government said on Thursday in a report that showed a labor market continuing to struggle with a deep recession.
Swelling gasoline stocks and a far bigger than expected rise in U.S. unemployment drove oil markets down around $2 on Thursday toward $67 a barrel.
Stock index futures pointed to a sharply lower open on Thursday after payrolls data showed more Americans than expected lost their jobs in June, dampening hopes that the economy may be heading out of recession quickly.
Dear Sam: I was just let go from an administrative assistant position I held for 14 years. I loved my job until about 5 years ago when the company hired a new supervisor.
U.S. employers cut 467,000 jobs in June, far more than expected, while the unemployment rate rose to 9.5 percent, the government said on Thursday in a report that showed a labor market continuing to struggle with a deep recession.
Have you been fired? If so, you know all the negative feelings that assault you immediately. You feel:
Swelling gasoline stocks and a much bigger than expected rise in U.S. unemployment drove oil markets down more than a dollar on Thursday to below $68 a barrel.
U.S. employers cut 467,000 jobs in June, far more than expected, while the unemployment rate rose to 9.5 percent, the government said on Thursday in a report that showed a labor market continuing to struggle with a deep recession.
