NEW YORK CITY

Department store operator Macy's Inc posted a better-than-expected quarterly profit and raised its full-year outlook as cost cuts overshadowed lower sales, but mixed results from two of its suppliers showed that the retail industry remains challenging.

American International Group Inc , the insurer that received $180 billion of federal bailouts, posted its first profit in seven quarters on Friday, sending its shares up 9 percent in premarket trade.

Transatlantic exchange group NYSE Euronext on Thursday said it planned to cut 290 jobs in Europe and the U.S. as second-quarter earnings before one-off items dropped 34 percent to $132 million.

Citigroup Inc is closing its consumer finance business in Italy and will reduce its employees in the country to about 500 from 1,000 as part of its plans to focus on the Citicorp business.

Kuwait's Al Raya Investment said on Saturday it has committed no violations after the U.S. Securities and Exchange Commission sued its CEO financier Hazem Khalid Al-Braikan over suspicious stock trades.

High speed trading for stocks is under pressure from a senior Senator who has called on the top U.S. securities regulator to ban a certain type of orders which he says gives and advantage to some traders over others.

Stocks rallied on Thursday, with the Dow industrials piercing the key 9,000 mark, as investors viewed strong quarterly results from 3M & Co and other companies, plus improving home sales data as signs the economy is stabilizing.

The Nasdaq rose on Wednesday for the 11th straight day, buoyed by solid profits from Apple Inc and Starbucks Corp , while disappointing bank results and declining energy shares weighed on the broader market.

U.S. Banks confront losses, Morgan Stanley's Woes, Big Pharma Beats Expectations

Stocks rose on Tuesday as a solid profit from Caterpillar Inc overcame some uneasiness about the company's outlook for the current quarter, but the gains were limited as some investors paused following the recent earnings-fueled run-up.

Stocks rose on Tuesday as a solid profit from Caterpillar Inc overcame some uneasiness about the company's outlook for the current quarter, but the gains were limited as some investors paused following the recent earnings-fueled run-up.

Citigroup Inc on Friday reported quarterly earnings.

Gannett Co Inc , the largest U.S. newspaper publisher, reported stronger-than-expected quarterly results after slashing jobs to cut costs, sending its shares up 20 percent.

American International Group is preparing to pay millions of dollars more in bonuses to several dozen top corporate executives, after an earlier round of payments set off a national furor, The Washington Post reported on Thursday.

New York City has a hidden side. Beyond the iconic landmarks - the Empire State Building, the Statue of Liberty - it hides a cluster of small islands, just waiting to be discovered. The archipelago of New York City is made up of no less than 40 natural and man-made islands.

U.S. credit card delinquencies reach all-time high Consumers are increasingly failing to meet credit card payments as they battle high unemployment rates and a shrinking economy which has left many cash strapped. Delinquencies on the value of all card debt soared to a record 6.60 percent from 5.52 percent in the fourth quarter.

Dutch Bank ABN Amro is in talks to sublease all of its space at the 7 World Trade Center building in New York, the New York Post said on Tuesday, citing sources.

The New York-New Jersey Port Authority on Monday said the World Trade Center developer, Larry Silverstein, had stopped negotiating over his demand for the agency to guarantee his loans for two office towers.

New York 4th of July celebrations will feature fireworks in the Hudson River for the first time since the 9/11 attacks.

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.

Bank of New York Mellon Corp will have further writedowns as a result of the securitized mortgages it still has on its books, the bank's chief executive was quoted as saying on Saturday.