Retail sales weak, jobless claims up
U.S. retail sales rose at the weakest pace in seven months in December and first-time claims for jobless benefits moved higher last week, signs the economic recovery is shaky despite a recent pick-up in growth.
Vestas Trouble for Wind Energy Co. not Clouding Solar Energy Prospects - Analysis
While reports that the world's largest wind turbine maker was firing thousands of workers globally shook the renewable energy industry Thursday morning, the bad news did not seem to diminish investor appetite in solar energy stocks, which has picked up considerably over the past week.
Wall Street pauses after 3-day rally
U.S. stocks paused on Thursday after a three-day rally, with investors concerned about weaker U.S. economic data and comments from the European Central Bank chief that painted a mixed picture of the region's debt crisis.
Hedge funds hunker down for Greek debt standoff
Hedge funds are positioning to profit from a plan to slash Greece's towering debt pile as Athens enters final talks that could sway the country's membership of the euro.
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Ron Paul ‘Can Get the Republican Nomination:’ GOP Strategist
Far from dismissing Ron Paul's 2012 candidacy, Republican strategist Jack Burkman believes the Texas Congressman can actually secure the Republican nomination.
Wall Street edges lower on data, Chevron
Wall Street retreated on Thursday following a three-day rally after weaker U.S. economic data and comments from the European Central Bank chief that painted a mixed view on the region's debt crisis.
Analysis: Ageing, indebted Japan holds lessons for others
An asset price bubble pops, hitting bank balance sheets and tax revenues. As growth weakens and the economy flirts with deflation, the real burden of servicing debt increases.
Instant view: Jobless claims up; retail sales rise 0.1 percent
The number of Americans applying for first-time jobless benefits rose in the latest week, reversing a recent decline and suggesting the labor market remains brittle.
Wall Street flat as Chevron, data offset Europe
Strong bond auctions in Europe buoyed Wall Street stocks on Thursday, but weaker-than-expected data and a profit warning from energy major Chevron weighed on sentiment.
Wall Street opens up after Europe auctions
Stocks edged up at the open on Thursday after strong bond auctions in Europe, though weaker-than-expected U.S. data limited gains.
Trulia taps big data for new service
Trulia, a real estate website that competes with Zillow Inc, unveiled a new service on Thursday that helps real estate agents identify the best leads by tapping a trove of data the company started analyzing last year.
Insight: Europe's north is bustling, its south closing down
At German car parts maker ixetic GmbH, Dragan Knezevic is struggling to keep up: His job as foreman is to make sure there are no hold ups in assembly of the parts needed to keep Audis, VWs, Toyotas and the like on the road.
ECB sees substantial effect from cheap money offer
The European Central Bank's flood of cheap three-year money is helping the euro zone's banking system substantially and supporting confidence in the bloc's economy which is showing some signs of stabilization, its president said on Thursday.
RBS ditches investment bank in fresh jobs cull
Royal Bank of Scotland abandoned ambitions to be a top global investment bank and said it would cut another 4,450 jobs as it bows to pressure from the UK government to shut down risky operations and prepare for tougher international regulations.
Stock futures up after Europe debt auctions
Stock index futures rose on Thursday after well-received European sovereign debt auctions encouraged investors ahead of job market and retail sales data expected to show the economy is steadily recovering.
Gold Fields, Kyrgyz Villagers Come to Terms
South African miner Gold Fields has signed an agreement with Kyrgyz villagers that will enable it to resume drilling at a prospective copper deposit three months after an arson attack by horsemen on its geologist camp.
Stock futures rise after Europe debt auctions
Stock index futures rose on Thursday after well-received European sovereign debt auctions encouraged investors ahead of job market and retail sales data expected to show the U.S. economy is steadily recovering.
ECB to hold rates as policy cocktail kicks in
The European Central Bank will take a breather this month after unleashing back-to-back interest rate cuts and a slew of other measures, pausing to assess the impact of the crisis-fighting steps it took in the final two months of 2011.
Gold Prices Surge Toward One-Month High
Gold prices, which already this week broke above a key resistance level, barreled on Thursday toward a one-month high.
RBS to cut 3,500 jobs in investment bank cull
Royal Bank of Scotland is to axe 3,500 investment bank jobs and sell or shut equities and advisory business under a 3-year plan to further reduce risk and focus more on domestic retail and corporate banking.
Spain doubles target in debt auction, yields down
Spain spread cheer in euro zone markets on Thursday with a successful bond auction where it sold more then double its target and cut borrowing costs in 2012's first real test of appetite for debt from the euro zone's bruised periphery.
Gold Purchase Shoots Up; Stronger Rupee, Wedding Season Boosts Gold Demand
A stronger rupee boosted gold purchases from India just before the wedding season resumes in India, the world's largest gold consumer, while physical flow into China was lukewarm ahead of the Lunar New Year holiday.
Insight: Foreign banks squeeze costs as Asia's glow fades
Big Wall Street and European banks are looking to slash budgets across Asia, as the emerging market promise is trumped by an urgent need to control costs.
Stock futures signal early dip; Chevron eyed
Stock index futures pointed to a flat to slightly lower open on Wall Street on Thursday, with S&P 500 futures down 0.14 percent, Dow Jones futures down 0.10 percent and Nasdaq 100 futures up 0.01 percent at 0925 GMT.
Spain tests demand for weaker euro zone states' bonds
Spain will provide 2012's first real test of demand for debt from the euro zone's bruised periphery on Thursday when it sells around 5 billion euros ($6.39 billion) of bonds.
Foreclosure filings hit four-year low in 2011
The number of U.S. homes that received a foreclosure filing fell to a four-year low in 2011 as a slowdown in processing hit the market, RealtyTrac said in a report on Thursday.
Two Goldman Sachs trading execs leaving: memos
Goldman Sachs Group said Wednesday that two high-ranking leaders of its trading business have left the firm as Wall Street executives come under more pressure to cut costs and put less of their money at risk in trades.
Dynegy bankruptcy examiner appointed
A lawyer involved in several major recent bankruptcies has been named the examiner for the bankruptcy of Dynegy Holdings LLC and will investigate whether the company is treating bondholders fairly.
China December inflation eases to 15-month low
China's annual inflation eased to 4.1 percent December, the lowest level in 15 months, giving the government more room to tilt economic policy away from restraining prices and towards supporting sagging growth.
Bank profit reports could be lifted by business loans
A recent rise in loans to businesses is spurring hope that U.S. bank earnings reports, which begin on Friday, will show the outlook for this economically critical industry is better than battered stock prices and weak investment banking volumes suggest.
UBS hires three MSSB advisers in California
UBS' Americas wealth management group has hired a team of three veteran Morgan Stanley Smith Barney advisers in California, the firm said on Wednesday.
PIMCO'S Gross says demise of bond fund exaggerated
NEW YORK - Bill Gross, the manager of the world's largest bond fund, said on Wednesday that the demise of PIMCO's flagship fund is exaggerated.
Former SNB head Hildebrand to get 12 months' pay: report
Former Swiss National Bank Chairman Philipp Hildebrand will receive his salary for the next 12 months after he stepped down due to an uproar over a currency trade made by his wife, the Swiss wire SDA reported.
CFTC adds protections to customers' money
The futures regulator on Wednesday adopted new protections for customer collateral posted in swap trades, and said it plans a broader look into client safeguards, as the search continues for hundreds of millions of dollars in missing MF Global customer money.
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