U.S. stocks rose on Thursday after a pledge by European leaders to support debt-laden Greece eased fears of a broader euro zone crisis and upbeat data from China spurred mining and material stocks.
From Mattel's Puppy Tweets linking pets to a Twitter feed to biodegradable nursery toys, toy makers are focusing on fun technology and green materials to win sales in 2010.
The number of U.S. workers filing new claims for unemployment benefits fell more than expected last week, welcome news for the White House as it predicted more than a million jobs will be created this year.
Commodities stocks continue to be the best performing in Thursday's U.S. stock market while financials, especially European banks, still lag.
President Barack Obama will sign an executive order establishing a commission to tackle the federal government's long-term fiscal challenges in the next 10 days or so, the White House said on Thursday. Obama, who hopes to persuade Republicans as well as members of his own Democratic party to serve on the debt panel, had been expected to set it up this week. But this plan was disrupted by a severe winter storm that dumped heavy snow on Washington, White House spokesman Robert Gibbs said.
The euro fell against the dollar on Thursday as investors were disappointed with the lack of details regarding a European Union deal to support heavily-indebted Greece. The euro zone currency also dropped against the yen and sterling after European leaders sought to prop up Greece with words of support at a summit on Thursday, but failed to make concrete pledges, describing the promise of support as a political statement.
The White House announced on Thursday that President Barack Obama and the Dalai Lama would meet on February 18, despite China's warning that such talks could hurt already-strained Sino-U.S. relations.
Stocks rose on Thursday as appetite for riskier assets returned after a pledge by European leaders to support debt-ridden Greece eased fears of a possible sovereign default.
Viacom Inc's profit surpassed expectations thanks to a round of cost-cutting and brisk sales of DVDs like Star Trek and Transformers 2 -- but the results were marred by signs that advertising has yet to improve.
About 87 percent of cars recalled by Honda this week were cars sold in the U.S., according to data released by Honda on Wednesday.
Sweden took the number one spot from the United States to top the annual rankings on the usage of telecommunications technologies such as networks, cellphones and computers, a report released on Thursday shows.
The number of U.S. workers filing new claims for unemployment benefits fell more than expected last week, welcome news for the White House as it predicted more than 1 million jobs will be created this year.
Top U.S. executives say their companies are moving out of the defensive position they adopted during the recent worldwide downturn and are aggressively planning to grow, according to the latest semiannual survey by the Business Council.
U.S. stocks rose in choppy trading on Thursday as European leaders pledged help for debt-ridden Greece, removing some uncertainty about a possible sovereign default.
U.S. stocks rose on Thursday as investors shrugged off their early disappointment in the lack of details for the Greece aid package.
U.S. stocks rose in choppy trade on Thursday after data pointed to stabilization in the U.S. labor market and a brokerage raised its view on bellwether 3M Co
Lawmakers in the Senate unveiled a long-awaited bipartisan jobs bill on Thursday that relies on business tax breaks and construction projects to bring down the unemployment rate.
A judge in Haiti is likely to make a decision on Thursday on whether to release the group of U.S. missionaries arrested in connection with allegedly attempting to kidnap Haitian children.
Stocks rose in choppy trading on Thursday as uncertainty over details of a deal European leaders struck to aid debt-ridden Greece was offset by an improving U.S. labor market picture.
Drugmakers are starting to get into bed with information technology companies as they struggle to prove the value of their medicines to governments and insurers.
Marriott International Inc posted higher-than-expected fourth-quarter earnings and lifted its 2010 outlook on Thursday as business improved, especially at its international hotels.
Global oil demand will grow by more than previously expected in 2010, the International Energy Agency said on Thursday, with all the growth coming from emerging markets.
