The U.S. financial system remains fragile a year after launching a $700 billion bailout fund and the government may need to extend the program into next year, a senior U.S. Treasury department official said on Thursday.
Lehman Brothers Holdings Inc and its unsecured creditors asked a bankruptcy judge on Thursday to unseal court documents related to an investigation of the sale of Lehman's core U.S. assets to Barclays PLC .
A top executive at France's biggest telecommunications company, which is dealing with a spate of suicides, warned that the barrage of emails from smartphones and personal computers was stressing out employees.
The United States has moved away from the financial brink and is heading toward economic recovery, a senior Treasury official said on Thursday.
President Barack Obama arrived at the Group of 20 summit in Pittsburgh on Thursday with an ambitious agenda to crack down on banks' risky behavior and rebuild the global economy on a more stable footing.
BlackBerry maker Research In Motion said on Thursday its profit dropped and gave an outlook that fell short of analyst forecasts heading into the holiday shopping season, sending its shares down almost 10 percent.
Citigroup Inc's U.S. retail banking business plans to focus its marketing efforts on six cities, a source familiar with the matter said, but the bank's chief executive said he does not plan to dramatically shrink its branch network.
World leaders at the G20 meeting here on Thursday were closing in on a statement calling for new restraints on banker pay, but would not endorse specific monetary caps, a deal-breaker for the United States.
Yesterday's Australian New Home Sales data added support to the Aussie dollar during local trade with the 11.4% rise catching most analysts by surprise. The local unit appeared destined to test the psychological 88 cent barrier in early European trade however resistance between 0.8760 and 0.8780 capped any further advances for the fifth time in a week. In a stark reminder of the vulnerability of the Aussie dollar to a return to broad risk aversion North American equity markets fell around 1% fol...
Companies need to find a way to tackle the stress put on employees caused by nonstop emails in the BlackBerry age, according to a top executive at France Telecom, which is dealing with a spate of employee suicides.
World leaders at the G20 meeting here on Thursday were closing in on a statement calling for new restraints on banker pay, but would not endorse specific monetary caps, a deal-breaker for the United States.
Sales of the PlayStation 3 video game console jumped in the weeks after a $100 price cut last month, and strong demand could lead to empty shelves at retail, a Sony Corp executive said on Wednesday.
German Chancellor Angela Merkel warned on Thursday that a U.S. drive to rebalance the global economy risked distracting the Group of 20 from a more urgent need for market regulation at their Pittsburgh summit.
Corrects to read Sony's God of War and Activision Blizzard's Call of Duty in penultimate paragraph; names of video game publishers were transposed
Oil prices settled more than 4 percent lower at below $66 a barrel on Thursday as weak U.S. home sales data and high crude oil inventories in the top energy consumer stirred doubts about a potential fuel demand recovery.
Sales of previously owned homes in the United States unexpectedly fell for the first time in four months in August, indicating a less vigorous pace of economic recovery from a deep recession.
Oil prices dropped over 4 percent on Thursday to $66 a barrel as weak U.S. home sales data and high U.S. crude inventories stirred doubts about a potential fuel demand recovery.
The number of U.S. workers filing new claims for jobless benefits fell last week, but a surprise drop in sales of existing homes in August hinted at a less vigorous pace of recovery from a severe recession.
Oil prices dropped over 4 percent to below $66 a barrel on Thursday as weak U.S. home sales data and high crude oil inventories in the top energy consumer stirred doubts about a potential fuel demand recovery.
U.S. stocks fell on Thursday as a surprise drop in August sales of existing homes signaled more weakness in housing and investors worried that authorities might be curbing stimulus efforts too soon.
U.S. stocks slid on Thursday, as world central banks said they would scale back infusions of U.S. dollars into their banking systems and after weak U.S. housing data.
The U.S. car market should see a modest recovery in 2010, with sales possibly reaching between 11.5 million and 12 million vehicles, General Motors Co Chief Executive Fritz Henderson said on Thursday.
