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Jobless claims fall to 7-month low

New U.S. claims for unemployment benefits dropped to a seven-month low last week, a government report showed on Thursday, suggesting the labor market was gaining some traction.

Wall Street drops as euro zone debt worries persist

Stocks fell on Thursday as concerns over rising yields on euro zone debt outweighed another round of improved U.S. economic data.

UBS poised to slash risk and pare profit targets

Sergio Ermotti, the suave new boss of UBS AG , could signal the Swiss bank's return to dividend payments later on Thursday as part of plans to slash risky investment banking and re-focus on the core business of managing the assets of the world's wealthy.

More Americans to shop on Black Friday: survey

Americans plan this year to go shopping in greater numbers on Black Friday, the biggest shopping day of the year and unofficial kick-off the holiday spending season.

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Spanish bond yield worries send futures lower

Stock index futures fell on Thursday after a late selloff in the prior session as investors kept a close eye on rising yields of euro zone debt.

Wall St protesters march on New York Stock Exchange

About 500 Occupy Wall Street protesters marched from a New York park on Thursday to the stock exchange for a protest that the movement against economic inequality hoped would attract tens of thousands of people.

Investors Lift Global Gold Demand 6% in 3Q - WGC

Gold demand climbed six percent this summer to an all-time high in dollar value as rising investment demand offset falling jewelry sales, the World Gold Council said Thursday.

Futures drop on Spanish bond yield worries

Stock index futures fell on Thursday after a late selloff in the prior session as investors kept a close eye on rising yields of euro zone debt.

UK sells bailed out bank Northern Rock to Virgin

The British government has agreed to sell Northern Rock, the failed mortgage lender it nationalized in 2008, to Virgin Money, the banking arm of Richard Branson's Virgin empire.

Occupy Wall Street: Fresh Complaints for Old New York Problems

The eviction of the protesters from Zuccotti Park Monday night resembled a host body convulsively rejecting an unwanted implant. Occupy Wall Street lambasts, rightly, many social and economic ills. But is it native to its home base?

France and Germany clash over ECB crisis role

France and Germany, Europe's two central powers, have stepped up their war of words over whether the European Central Bank should intervene more forcefully to halt the euro zone's debt crisis after modest bond purchases failed to calm markets.

Google argues against U.S. online piracy bill

Google Inc warned U.S. lawmakers on Wednesday that proposed legislation to crack down on foreign websites selling pirated U.S. movies, music or other counterfeit goods goes too far and could depress investment.

Top shareholder cuts stake in Japan's disgraced Olympus

One of Olympus Corp's top shareholders, Nippon Life Insurance, cut its stake in the scandal-hit Japanese firm but signaled on Thursday it would remain as an investor in the company, citing its strong core business and technology.

Stocks, euro pressured by debt contagion fears

World stocks dipped to a one-week low on Thursday and the euro held near a five-week trough while safe-haven German bonds rose, as concerns grew over spillover damage to U.S. banks from the euro zone sovereign debt crisis.

Asian shares wobbly due to jitters on Europe

Asian shares wobbled on Thursday as doubts deepened about Europe's ability to stop its sovereign debt crisis from spinning out of control, with Germany and France split over the European Central Bank's bond buying role.

Asian shares, euro fall on jitters over France

Asian shares and the euro fell further on Thursday as doubts deepened about Europe's ability to stop its sovereign debt crisis from spinning out of control, with the region's biggest nations split over the European Central Bank's bond buying role.

AOL's applications, commerce group head stepping down: report

AOL Inc's head of applications and commerce group and Silicon Valley operations is stepping down, Bloomberg said citing a person with direct knowledge of the matter.

MF Global may return funds, cuts more jobs

Thousands of former MF Global Holdings Ltd customers may recover $520 million of cash held in their accounts by early next week, even as the bankrupt brokerage lays off more workers.

Angie's List prices IPO at $13 a share: underwriter

Angie's List Inc, which provides consumer reviews of local professionals and businesses, priced its initial public offering at $13 a share, the higher end of the expected price range, according to an underwriter.

IMF replaces Europe director as debt crisis boils

The International Monetary Fund replaced its European Director with a powerful, well-connected, insider on Wednesday in a sign the global lender is setting a more forceful course of action in dealing with the European crisis.

Rising Investor Demand to Lift Silver to $50/Oz. in '12

Growing investor demand for silver will help boost its price above $50 per ounce by the end of next year, a top official at Thomson Reuters GFMS said Wednesday.

NetApp sees Q3 profit below Street, shares fall

Data storage equipment maker NetApp Inc reported a 6 percent dip in fiscal second-quarter profit and forecast lower than expected results for the current quarter as large corporations trim technology spending in a shaky economy.

Wall Street falls, eyes banking contagion

Stocks fell on Wednesday, with selling accelerating late in the session on more warnings about the potential impact of the euro zone's debt crisis on the global economy and the banking system.

Rambus loses antitrust lawsuit, shares plunge

Rambus Inc was dealt a major defeat on Wednesday as a jury rejected its claims in a $4 billion antitrust lawsuit against Micron Technology Inc and Hynix Semiconductor Inc, a decision that wiped out almost two-thirds of its market value.

Olympus plans $3.4 billion debt reduction: report

Japan's disgraced Olympus Corp may sell assets to help pay down $3.4 billion in debt under a plan aimed at keeping the support of lenders in its battle to survive an accounting scandal, the Nikkei business daily said on Thursday.

Fannie, Freddie chiefs defend pay packages

Top executives at Fannie Mae and Freddie Mac on Wednesday defended their companies' pay practices from attack by lawmakers angry that the government-controlled firms were paying out nearly $13 million in executive bonuses.

Olympus plans $3.38 billion debt reduction: Nikkei

Olympus Corp offered a plan to cut its debt by about 260 billion yen ($3.38 billion) over the next three years to maintain ties with creditors amid a deepening scandal, the Nikkei business daily reported.

Freeport Indonesia CEO: Strikers Wage Demands Too High

Striking union workers at Freeport Indonesia's giant Grasberg copper mine are sticking to pay demands for $7.50 an hour, a wage request deemed excessive by the U.S. miner's chief executive.

Qualcomm keeps long-term growth target

Qualcomm Inc on Wednesday affirmed its long-term growth target of at least 10 percent for annual revenue and earnings per share, citing strong demand for smartphones and other wireless devices.

Canada's Yukon Draws Big Gold Miners

As winter draws in across Canada's northern Yukon territory, big mining companies are prospecting for bargains among the army of junior explorers staking claims in what's shaping up as the region's second big gold rush.

Wall St. falls as Europe offsets U.S. gains

Stocks fell on Wednesday as warnings about the impact of Europe's debt crisis on the global economy kept investors cautious, but optimism about the U.S. economy limited losses.