U.S. stocks are expected to end next year with modest gains, despite the threat of a global downturn brought on by the euro zone debt crisis and a tepid domestic economy that may still need more stimulus, a Reuters poll found.
U.S. crude futures fell back on Thursday after government data showed that new filings for jobless benefits unexpectedly rose last week to their highest level since late October, a bad sign for oil demand. Oil traded down $1.01 to $99.41 per barrel on Thursday at mid-day.
Goldman Sachs (NYSE: GS) says it is betting the situation in Europe will deteriorate next year, eventually affecting the still-strong German economic engine and prompting a new wave of fears that European companies will default on their bonds.
World AIDS Day 2011 marks the 30th anniversary of HIV. While tremendous progress has been made, cases continue to rise worldwide, with treatment still largely unavailable to the poor. President Obama aims to combat stigma and apathy about HIV/AIDS, and increase available medication, with a joint U.S.-global initiative targeting 15 countries most affected by the deadly disease.
Electronics retailer Best Buy Co Inc is recalling about 32,000 Rocketfish battery cases for iPhones because of a fire hazard, the Consumer Product Safety Commission and Health Canada said.
Nissan Motor Co and Volkswagen AG posted double-digit percentage gains in November U.S. sales, a strong showing for a month analysts were expecting to set a more than two-year record overall.
With early election results hinting at the shape of Egypt's first parliament since the fall of Hosni Mubarak, the U.S. faces the task of navigating the dynamics between Islamist parties poised to win a commanding number of seats, skeptical liberals and a ruling military that has appeared reluctant to relinquish power.
New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the battered labor market was healing only slowly.
Shares of Hewlett-Packard, the world’s biggest computer company, rose slightly Thursday, a day after Standard & Poor’s downgraded the company’s credit two notches.
Apple's iPhone edged past major news events, celebrities and pop stars as the top searched term on the Web in 2011, according to Yahoo!
Stocks were little changed in choppy trade on Thursday after manufacturing data came in stronger than forecast, but gains were capped as investors took a breather from the previous session's powerful rally.
In a rare peaceful transition of presidential power, Kyrgyzstan inaugurated a new president Thursday, marking the first time the former Soviet Central Asian nation chose a successor through votes at the ballot box, not the streets.
U.S. senators plan to press regulators on Thursday on whether they were asleep at the switch as now-bankrupt MF Global took on massive risky bets, and why hundreds millions of dollars in customer funds are still missing.
U.S Galaxy Nexus LTE fans are growing extremely frustrated as rumors continue to raise and shatter their hopes over the phone's release date, but new photos and videos of the phone bearing Verizon's logo, suggests it could be here sooner than we think.
Kroger Co , the biggest U.S. supermarket chain, raised its forecast for 2011 earnings, helped by strong sales increases at established stores.
Ranbaxy Laboratories said on Thursday it has launched the first generic version of the cholesterol-lowering Lipitor in the U.S., the largest selling drug of all time, sending its shares surging over 11 percent.
Rapper Kanye West led the field of Grammy contenders on Wednesday with seven nominations, including for his album My Beautiful Dark Twisted Fantasy and his joint venture with Jay-Z Watch The Throne.
A New White House anti-piracy campaign, which enlists the widely recognized McGruff the Crime Dog, has so far been met with ridicule.
A Chinese tourism company listed in the United States wants investors to pour their money down a dark hole. Literally.
European shares fell in choppy trade on Thursday after data showed new U.S. claims for unemployment benefits rose unexpectedly last week, with some investors booking profits after equities jumped 9 percent in the previous four sessions.
Latest data on the number of Americans who filed new applications for federal unemployment benefits rose for a second straight week and once again moved above the key 400,000 mark -- the level at which some economists take to mean the economy has to add more jobs than it is shedding. The labor market is still weak, even during the holiday season.
The first image from Steven Spielberg's biopic of the 16th President has surfaced.
