The head of a top U.S. financial regulator said the recent financial crisis was due to a failure of market discipline and regulation.
U.S. consumers unexpectedly curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on the durability of the economic recovery once government support fades.
The European Central Bank chief is cautious about the prospect of European and worldwide economic recovery while the Philadelphia Fed Bank President is more optimistic about the US economy.
U.S. Internet giant Google has threatened to shut its China operations after cyber attacks emanating from the country, in response to which Beijing defended its censorship policies.
Cadbury fired the final salvo in its defence on Thursday, branding Kraft Foods' bid as more unattractive than a month ago, as Cadbury shares rose on hopes of a rival bid from Hershey.
President Barack Obama pledged $100 million for Haiti relief aid on Thursday and enlisted the help of two former U.S. presidents, promising Haitians: You will not be forsaken.
Stocks traded slightly higher on Thursday, led by the technology sector after upbeat brokerage comments on Oracle Corp and ahead of an expected profit report from Intel Corp.
The heads of Canada's four largest banks said on Thursday they remain focused on capital conservation because of uncertainty over global regulatory changes and the riskiness of making acquisitions.
U.S. regulators admitted to failing to head off the 2008 financial crisis as they appeared before a panel whose chairman said he plans to seek testimony from former Federal Reserve Chairman Alan Greenspan.
President Barack Obama made Haiti relief efforts a top priority for the U.S. government on Thursday.
U.S. business inventories rose more than expected in November, according to a government report on Thursday, supporting views of a pick-up in the economic growth pace during the fourth quarter.
U.S. stocks traded flat to slightly higher on Thursday as upcoming earnings from Intel Corp spurred interest in technology shares, though gains were limited by an unexpected drop in December retail sales.
A German judge on Thursday canceled a planned day of hearings in the trial of John Demjanjuk, accused of helping to kill 27,900 Jews in the Holocaust, because the 89-year-old said he was ill.
Thousands of Haitians at home and abroad are trying to get in touch with each other through a website set up after the devastating earthquake, the International Committee of the Red Cross said on Thursday.
Yemen declared open war on al Qaeda Thursday and warned its citizens against aiding the global militant group, but Islamist clerics threatened jihad if foreign military forces intervene.
Vacancy rates for apartments in New York City's borough of Manhattan, the largest U.S. apartment market, declined in 2009, as lower rents and better landlord incentives attracted tenants, according to a quarterly brokerage report.
A U.S. drone fired two missiles on Thursday at a compound in northwest Pakistan where Pakistani Taliban chief Hakimullah Mehsud was believed to have been, but his fate was not known, Pakistani officials said.
A senior U.S. envoy told the Palestinian president on Thursday that Washington is working hard to find a way to broker a resumption of peace talks with Israel, a senior Palestinian official said.
U.S. foreclosure actions shattered all records in 2009 and will do so again this year, with unemployment and wage cuts overcoming programs to remedy failing home loans, RealtyTrac said on Thursday.
U.S. consumers curbed their Christmas spending in December and more people filed claims for jobless benefits last week, casting fresh doubts on whether the economic recovery can last once government support fades.
Russia's Prime Minister Vladimir Putin warned Thursday Moscow will find alternative poultry import sources if the United States, Russia's top supplier, does not observe new safety rules.
The number of U.S. workers filing new applications for unemployment insurance climbed more than expected last week but a measure of underlying trends moved steadily lower in a sign that labor markets are slowly improving.