The world's largest economy continued to create jobs a tepid rate in June, adding just 18,000 jobs, when economists were expected a gain of about 105,000. The sub-par job growth rate increases concern that the economy may enter a double-dip recession.
Deutsche Bank will come closer to deciding on its next chief executive this weekend when Chairman Clemens Boersig meets key supervisory board members to discuss leadership options, a person familiar with the matter said.
U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dousing hopes the economy would regain momentum in the second half of the year.
U.S. job growth in June essentially ground to a halt for a second month running, suggesting a sharp first half slowdown is not merely a blip, as Wall Street economists and Federal Reserve officials had hoped.
Stocks were set to open sharply lower on Friday after the June payrolls report fell short of expectations and dashed hopes the economic recovery had regained speed.
Suddenly, momentum is building in the nation's capitol toward what could be an historic deficit reduction package -- a grand deal deal of $4 trillion or more in cuts -- including changes to entitlement programs, cuts in defense spending, and selected tax increases via ending tax loopholes.
U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.
U.S. securities and accounting regulators will meet Chinese counterparts next week to negotiate an agreement on joint U.S.-Chinese inspections of auditing firms in China, the U.S. government said on Friday.
Stock index futures were little changed on Friday before government employment figures that should show if a lackluster recovery has regained speed.
Stock index futures were flat on Friday before the June U.S. payrolls report, which should give investors important guidance on the economy.
China's Baidu Inc announced on Friday a major restructuring of its business lines and said Shen Haoyu, its senior vice president of business operations will leave for personal reasons.
Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 down 0.1 percent, while futures for both the Dow Jones and the Nasdaq 100 were up 0.1 percent.
The S1 and S2 are expected later this year.
Google Inc is leaving open the door to more co-operation with social-media giants Facebook and Twitter, and believes there is room for multiple social networks as it rolls out its own, executive chairman Eric Schmidt said.
U.S. companies probably stepped up hiring in June as the economy recovers from a stumble in recent months, although job growth is not expected to be strong enough to eat into high unemployment.
The security firm examined Web-based malware ecosystems, including the 10 largest malware delivery networks.
Investor Warren Buffett has donated another $1.78 billion to several charities, with the bulk going to the Bill & Melinda Gates Foundation, as part of his plan begun in 2006 to donate 99 percent of his wealth.
Hackers broke into the Twitter feeds of Fox News and PayPal this week, raising concerns about how secure the microblogging site is as it increasingly becomes a platform for news dissemination.
The board of Simon Property Group Inc , the largest owner of U.S. malls and outlet centers, has agreed to a plan that will give CEO and Chairman David Simon 1 million shares for him to remain with the company for at least another eight years, according to a regulatory filing.
The fast-growing microblogging site Twitter has fallen behind some other Internet services in introducing tools to help secure the accounts of users, security experts say.
JPMorgan Chase & Co agreed to pay $211.2 million to settle federal and state charges that its employees rigged bids for derivatives sold to at least 48 cities and charities.
Investor Warren Buffett has donated another $1.5 billion to the Bill & Melinda Gates Foundation, part of his plan that began in 2006 to donate 99 percent of his wealth.
Illinois' fiscal 2011 revenue jumped nearly $3.4 billion over fiscal 2010 collections due mainly to a big income tax rate hike and a tax amnesty program, a legislative commission reported on Thursday.
Bank of America will take another $13 billion in charges related to pending settlement with private label mortgage-backed securities investors, Sanford C Bernstein said.
JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but it will likely get there in an odd way -- by shrinking less than its rival.
The Federal Reserve's $600 billion Treasury buying spree is over and the bond market is growing nervous now that its biggest bidder has stepped aside.
by Andrea JohnsonBRADENTON/NEW YORK, July 7 - One of the U.S. high-grade market's favorites, Caterpillar Financial Services, is becoming quite the regular issuer in the offshore yuan-denominated market, also called the dim sum or CNH bond market.
A federal appeals court threw out a lawsuit accusing JPMorgan Chase & Co of violating U.S. racketeering law by conspiring with Bernard Madoff to further his Ponzi scheme.
Stocks closed sharply higher and the Nasdaq notched an eighth day of gains on Thursday as improved labor market and retail sales data added to optimism a day before the critical June payrolls report.
Exeter Property Group, a real estate private equity firm, has bought a portfolio of 19 industrial buildings, primarily in Indiana and Tennessee, for about $240 million, reflecting investor demand for U.S. warehouse and distribution centers, the deal's broker, Jones Lang LaSalle Inc , said on Wednesday.
