Shares of Japan Airlines fell nearly 7 percent on Wednesday after a newspaper said the carrier's main creditor and the finance ministry support bankruptcy as a way to restructure the heavily indebted airline.
Shares of Japan Airlines fell nearly 7 percent on Wednesday after a newspaper said the carrier's main creditor and the finance ministry support bankruptcy as a way to restructure the heavily indebted airline.
Shares of Japan Airlines fell more than 4 percent on Wednesday after the Nikkei business daily reported the Development Bank of Japan and the Ministry of Finance are seeking court-led bankruptcy proceedings.
The dollar steadied on Tuesday, keeping broad losses made the previous day, as growing hopes for a global economic recovery encouraged investors to shift funds to riskier assets from the greenback. The dollar was also under pressure from fund mangers trying to rebuild their portfolios at the start of the year by buying stocks, commodities and higher-yielding currencies.
U.S. trucking giant YRC Worldwide said it averted bankruptcy by finally negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures.
Pfizer Inc shares fell 1 percent on Thursday after it said a U.S. decision on whether to approve the company's new version of its big-selling Prevnar vaccine that fights pneumonia and meningitis would push past the deadline.
The number of workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, according to U.S. government data on Thursday.
Stock index futures fell on Wednesday, taking a cue from a decline in global markets, as investors found little reason to propel stocks higher as the market's solid year draws to a close.
U.S. stocks dipped on Monday as airline shares faltered amid security worries, while losses were limited by retail shopping data indicating improved consumer spending.
New orders for long-lasting U.S. manufactured goods excluding transportation surged in November, and applications for jobless benefits fell last week, pointing to a firmly entrenched economic recovery.
Shares of MGIC Investment Corp fell nearly 10 percent, a day after the largest U.S. mortgage insurer said two units of Bank of America Corp filed a complaint for declaratory relief against it in the Superior Court of the State of California.
The Dow and S&P indexes fell on Wednesday, threatening to break a three-day run-up, after data showed new home sales fell unexpectedly in November.
The euro recovered from early losses on Friday after Pakistan dismissed rumors of a coup while Asian stocks fell as investors fretted about the outlook for corporate earnings.
Palm Inc reported a wider-than-expected quarterly loss as consumer demand for its smartphones was hurt by increased competition, sending shares down 4 percent on Thursday.
Citigroup Inc shares fell to their lowest level in four months on Thursday, a day after the bank's $20 billion stock and bond offering drew a cool reception on Wall Street and prompted the U.S. Treasury to delay plans to start selling off its Citi holdings.
Citigroup Inc shares fell sharply on Thursday, a day after the bank's $20 billion stock and bond offering drew a cool reception on Wall Street and prompted the U.S. Treasury to delay plans to start selling off its Citi holdings.
FedEx Corp forecastprofit for the current quarter below analysts' expectations, casting doubt on the sustainability of its holiday volume surge and sending the package delivery giant's shares down more than 5 percent.
Rite Aid Corp posted its 10th straight quarterly loss as customers cut back on discretionary purchases and the drug store chain worked on refreshing its stores to reignite sales growth.
FedEx Corp forecast third-quarter profit below analysts' expectations, sending the package delivery giant's shares down 3.6 percent in premarket trading.
G-III Apparel Group Ltd (GIII.O) said its offering of 1.7 million common shares was priced at $19.50 apiece, a discount of 8 percent to the stock's previous close.
Iconix Brand Group Inc is breaking off talks with Playboy Enterprises (PLA.N) after figuring it would be too complicated to separate the Playboy brand from other assets, Bloomberg reported, citing people familiar with the matter.
Top U.S. electronics chain Best Buy Co said gross margins during the holiday season would fall short of expectations as it sells more discounted goods like flat-screen televisions, sending shares down 8 percent.
