Oil pared losses to trade above $70 a barrel after the biggest daily jump since April on the back of a hike in U.S. consumer spending and as tensions between Iran and the West lent support.
Louis Meeks, a burly 59-year-old alfalfa farmer, fills a metal trough with water from his well and watches an oily sheen form on the surface which gives off a faint odor of paint.
The head of the Federal Reserve adopted a new tone on Thursday over a key plank of the Obama administration's proposed plan for financial regulation reform, saying new oversight powers proposed for the U.S. central bank should be shared with other regulators.
David Fogarty, Climate Change Correspondent, Asia
Wall Street was set to open lower on Thursday as weaker-than-expected jobs data prompted more investors to consolidate gains after a strong third quarter.
Duke Energy said on Thursday it brought two new wind power projects on line and said it would use Siemens Energy wind turbines as well as General Electric turbines at a planned Wyoming wind farm.
U.S. consumer spending rose at its fastest pace in nearly 8 years in August, but the number of workers filing new claims for jobless benefits rose last week, indicating a weak labor market would weigh on recovery.
Warning on CIT; U.S. Outlook Brighter; Lewis to Step Down
The Wettest County in the World, a film project about Depression-era bootleggers, is making waves among some of Hollywood's leading young actors, who are drawn to its colorful setting, mystery elements and meaty roles.
U.S. employee confidence edged up in the third quarter, with many workers saying the worst of the recession is over, but that optimism came with hopes for raises and advancement when the dust clears, a survey released on Thursday showed.
Comcast Corp, the largest U.S. cable service provider, denied a Web report on Wednesday that it had struck a deal to buy media conglomerate NBC Universal for $35 billion.
U.S. consumer spending rose at its fastest pace in nearly 8 years in August, advancing for a fourth straight month, according to a government report on Thursday that pointed to a rebound in spending in the third quarter.
A monthly gauge of online labor demand in the United States dipped slightly in September, as employers remained wary despite signs of economic recovery, a private research group said on Thursday.
Matt LeBlanc is reteaming with Friends co-creator David Crane for Episodes, a Showtime/BBC comedy series spoofing the TV business.
Unemployment rates rose in all cities across the United States in August from a year earlier, with 16 recording jobless rates of 15 percent or higher, according to the Labor Department.
U.S. consumer spending rose at its fastest pace in nearly 8 years in August, advancing for a fourth straight month, according to a government report on Thursday that pointed to a rebound in spending in the third quarter.
Film director Roman Polanski, arrested earlier this week in Switzerland, saw support weaken on Wednesday for his effort to evade sentencing in the United States in the rape of a 13-year-old girl three decades ago.
American TV viewers are seeing more gay, lesbian and transgender characters on their screens and story lines are better reflecting current issues in the gay community, according to a survey set for release on Thursday.
U.S. stock index futures fell on Thursday, with investors consolidating gains after a strong quarter, and as a raft of economic data was due that could offer clues about the tone of economic recovery.
A British government minister asked California governor Arnold Schwarzenegger on Wednesday to shut down a U.S. website that allows men to rate prostitutes, including many working in London.
The European Union launched a free satellite navigation network on Thursday that could help pilots, drivers and blind people by fine-tuning the accuracy of the U.S. global positioning system to around 2 meters.
A dearth of new products, new technologies and fresh commitments by governments scrambling to protect their populations from pandemic threats have lured U.S. drugmakers back into the flu vaccine business.