(Corrected to remove incorrect reference in 17th paragraph to Wet Seal's sales missing expectations)
Sports programing, a must-have for U.S. cable operators, could end up being the center of a battle between Comcast, NBC Universal and the companies' critics as regulators assess the joint venture's impact on consumers.
NEW YORK - Stocks tumbled on Thursday as the number of Americans claiming jobless benefits rose unexpectedly and renewed fears of sovereign debt problems in Europe led investors to dump riskier assets.
Bank of America has embarked on a major hiring spree across Asia, aiming to expand in the fast growing region and revive the investment banking franchise that Merrill Lynch built before the financial crisis.
Nearly all Europe-related stocks, bonds and exchange traded funds are selling heavily during the morning New York session.
Safety regulators opened a formal investigation into consumer complaints about braking on 2010 Toyota Prius hybrids, the latest jolt to the automaker already reeling from massive recalls and intensified safety scrutiny.
The chief executive of Poet, the top U.S. ethanol maker, said companies are committed to producing next generation cellulosic ethanol even though the U.S. government has slashed mandates on how much of the fuel will be required to be produced this year.
A monthly gauge of online labor demand in the United States fell slightly in January as online recruitment activity remained subdued at the start of the year, a private research group said on Thursday.
U.S. stocks gave up more than 2 percent on Thursday after data showed new applications for jobless insurance rose unexpectedly last week, and basic materials shares sank as a rising U.S. dollar hit commodity prices.
The number of workers filing for jobless benefits unexpectedly rose last week, but another big gain in productivity in the fourth quarter offered hope that companies were getting close to adding to payrolls.
Toyota Motor Corp expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters.
U.S. stocks slid 2 percent on Thursday after new applications for jobless insurance rose unexpectedly, and basic materials shares sank as a rising U.S. dollar hurt commodity prices
U.S. fixed mortgage rates eked out small increases in the past week, but the average 30-year loan held at around 5 percent, fostering affordability, home funding company Freddie Mac said on Thursday.
GMAC Financial Services, a lender that has received more than $16 billion from the U.S. government across multiple bailouts, said it lost $5 billion in the fourth quarter after writing down bad mortgage assets.
Oil fell by more than $2 to below $75 a barrel on Thursday as rising crude inventories and higher unemployment figures in the United States dampened expectations for stronger demand.
A group of influential mortgage investors is intensifying efforts to encourage a new phase to U.S. housing stability plans that would give homeowners ability and incentive to pay their loans.
Economists at the Centers for Medicare and Medicaid Services, known as CMS, said in a new report that the national healthcare spending will grow an average 6.1 percent a year over the decade to $4.5 trillion in 2019, about 1.7 percent faster than the overall economy.
Oil fell by more than $1 to below $76 a barrel on Thursday as rising crude inventories and higher unemployment figures in the United States dampened expectations for stronger demand.
U.S. stock markets fell in early trading on Thursday, tracking Asian and European markets as worries over European sovereign debt intensified and concerns arose after a disappointing U.S. unemployment claims report was released this morning.
According to a recent study by comScore, the number of people in the U.S. using multipurpose smartphones such as iPhones, Blackberries, and Droids more than doubled last year.
Mark Zuckerberg created Facebook from his Harvard dormitory, but after the social networking website exploded in popularity, he promptly quit school and became a full-time entrepreneur.
Wall Street was set to drop nearly 1 percent at the open on Thursday after new applications for jobless insurance rose unexpectedly, adding to worries over sovereign debt in some euro zone countries that kept investors away from risky investments, including equities.
