Wall Street gets boost from healthcare
U.S. stocks climbed for a third day on Thursday, rising more than 2 percent to session highs after Standard & Poor's cut General Electric's ratings by just a single notch and signaled no further downgrades loomed, while data suggested some stabilization in consumer spending.
Online networking more popular than email
Are you spending hours and hours on Facebook? If so, you are not alone.
Oil tops $45 on U.S. retail sales data
Oil rose nearly 7 percent to top $45 a barrel on Thursday encouraged by U.S. February retail sales data and ahead of a weekend OPEC meeting.
Apple to preview new iPhone software next week
Apple will hold an event next Tuesday to preview new software for the iPhone, the company said.
Wall St rises on GE outlook
U.S. stocks gained for a third day on Thursday on relief that S&P cut General Electric's ratings by just a single notch and signaled no further downgrades loomed, while data suggested some stabilization in consumer spending.
Roche's $46.8 billion Genentech deal outshines others
It is buying up less than half of Genentech Inc for a whopping $46.8 billion, but Switzerland's Roche Holding AG may have clinched the best of this year's three big drug deals.
Health care and financials boost Wall Street
Stocks rose for a third day on Thursday after Standard & Poor's cut General Electric's credit rating by just one notch below AAA and signaled no further downgrades loomed while data suggested some stabilization in consumer spending.
GM says can survive March without new aid
General Motors Corp has told U.S. officials that it can survive through March without the additional $2 billion in emergency aid that it first requested, the automaker said on Thursday.
Madoff pleads guilty to fraud
Bernard Madoff pleaded guilty on Thursday to charges he orchestrated the biggest financial swindle in Wall Street history and was ordered to jail to await a sentence that could last the rest of his life.
Sirius XM sees better results in difficult 2009
Satellite radio provider Sirius XM Radio Inc said on Thursday it expects 2009 earnings before interest, taxes, depreciation and amortization to exceed $300 million despite a terrible auto sales outlook.
Madoff to be jailed until sentencing
Madoff will appear for sentencing on June 16, where he faces up to 150 years in prison for 11 charges he admitted to. Prosecutors estimated his securities business fraud drew in as much as $65 billion from investors.
Google Voice to turn audio calls into text (VIDEO)
Google announced the release of Google Voice, an application that will let users to store transcripts of text and voice-mail phone messages in Gmail and then be able to search those messages.
Pfizer drug works on rare pancreatic cancer-study
A study of Pfizer Inc's Sutent was halted early after the medicine delayed progression of a rare form of pancreatic cancer affecting tens of thousands of people globally, including Apple Inc CEO Steve Jobs.
Saab cuts 750 jobs, says eyed by Swedes and Chinese
Saab Automobile, the Swedish unit of U.S. carmaker General Motors, announced 750 job cuts as it tries to stay afloat and said on Thursday investors in both Sweden and China were eyeing the company.
Fannie Mae sells $9 bln 5-year benchmark notes
Fannie Mae, the largest provider of funding for U.S. residential mortgages, said on Thursday it sold $9 billion in new five-year benchmark notes, a record size for this maturity.
R.H. Donnelley loss widens; to evaluate capital structure
Yellow-pages publisher R.H. Donnelley Corp posted a wider quarterly net loss on the back of a $744 million write-down and hired Lazard to help the debt-laden company evaluate its capital structure.
Madoff 'Grateful' to speak of crimes, but ‘Deeply Sorry’
Bernard Madoff pleaded guilty on Thursday to the largest financial services fraud in U.S. history, admitting to 11 criminal charges.
Madoff pleads guilty to blockbuster fraud
Bernard Madoff pleaded guilty on Thursday to charges he orchestrated the biggest financial swindle in Wall Street history, cheating investors out of billions of dollars in a fraud that has drawn public scorn and demands for stricter regulations.
North Korea gives notice of April rocket launch
North Korea has given global agencies notice of its plans to launch a satellite from April 4-8, an official said on Thursday in a move Washington has called provocative and views as a disguised long-range missile test.
International aid workers kidnapped in Darfur
Three international aid workers from Medecins Sans Frontieres have been kidnapped in Darfur, officials said on Thursday, further complicating humanitarian operations in Sudan's west.
Police focus on gunman's father in German shootings
German authorities are looking into whether to press charges against the gun-collecting father of the teenager who went on a shooting rampage at his former school on Wednesday, killing 15 people.
U.S. plays down naval confrontation with China
The United States sought on Wednesday to play down a confrontation between Chinese and U.S. naval vessels as the two sides held high-level talks on reviving growth and reining in North Korea's nuclear program.
U.S. retail sales dip less than expected
U.S. retail sales dipped only slightly in February, a hint spending could be stabilizing, but a record high number of workers drawing state jobless benefits indicated pressure was still mounting on consumers.
GE stripped of top-tier credit rating
Standard & Poor's stripped General Electric Co of its top-tier, triple-A credit rating, lowering its rating by one notch to AA-plus with a stable outlook, citing the credit profile of the GE Capital unit.
Austrian incest father set to go on trial
The concrete housing block where Josef Fritzl hid and abused his daughter for 24 years has nothing to distinguish it from others on the street apart from a faded police no entry sign on the back gate.
Sri Lanka troops kill Tamil Tiger finance chief
Sri Lankan troops killed the head of the Tamil Tigers' vast international financing network and 16 other fighters, and captured a hospital in the last town the separatist guerrillas hold, the military said on Thursday.
Iraq shoe thrower sentenced to three years in jail
An Iraqi reporter who hurled his shoes at former President George W. Bush was convicted of attempting to assault a foreign leader on Thursday and jailed for three years, dismaying many Iraqis who regard him as a hero.
Pakistanis protest as government scrambles
Hundreds of black-suited Pakistani lawyers and flag-waving opposition activists launched a cross-country protest on Thursday, as the year-old civilian coalition government scrambled for ways to avert a showdown.
Oil rebounds above $43
Oil rose more than $1 above $43 a barrel on Thursday encouraged by strong loan data from China, which investors speculated could feed through into economic growth, and ahead of an OPEC meeting.
U.S. retail sales edge down
The number of U.S. workers drawing unemployment benefits hit a record in February as companies struggle with a 14-month recession, data showed on Thursday, but a slight easing in retail sales last month offered cautious optimism.
