A measure of the U.S. economy's prospects scaled a 1-1/2-year high in August but a record rise in home loan defaults cast doubts over the durability of the apparent recovery from recession.
Wealthy U.S. individuals with hidden offshore bank accounts will get an extra three weeks to participate in an amnesty program that could help them avoid criminal prosecution, U.S. tax officials said on Monday.
Wealthy U.S. individuals with hidden offshore bank accounts will get an extra three weeks to participate in an amnesty program that could help them avoid criminal prosecution, U.S. tax officials said on Monday.
Oil prices fell by 3.7 percent toward $69 a barrel on Monday as further signs of weak fuel demand raised expectations that prices may have raced ahead of the nascent economic recovery.
Recession is set to cause the sharpest fall in world greenhouse gas emissions in 40 years, according to an estimate on Monday as world leaders gathered in New York to try to break deadlock on a new climate treaty.
U.S. off-price retailer TJX Cos Inc said on Monday that its board approved a buyback of up to $1 billion of its common stock.
Caterpillar Inc said on Monday that dealer sales of its heavy equipment fell 48 percent in August, with the sharpest declines in the U.S. blue-chip industrial's truck and bus and industrial segments.
An index measuring the U.S. economy's prospects rose for a fifth straight month in August to a 1-1/2 year high as stock market prices surged on views a recovery had started.
U.S. artists Lady Gaga and Kings of Leon led the nominations for November's MTV Europe Music Awards with five apiece, one ahead of compatriot Beyonce.
Oil prices fell by almost 3.5 percent toward $69 a barrel on Monday as further signs of weak fuel demand raised expectations that prices may have raced ahead of the nascent economic recovery.
High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax Inc credit bureau showed on Monday.
The Nasdaq turned positive on Monday as shares of biotechnology companies advanced, but the drag from retreating commodity prices kept both the Dow and the S&P 500 in negative territory.
HBO again dominated the Primetime Emmys on Sunday, but the premium cable channel had to share some of the glory with lowly broadcast network NBC and public broadcaster PBS.
It could be a rough holiday season for shareholders of Palm Inc as they wait to see if new smartphones can compete with the likes of Apple's iPhone, Motorola's new Cliq and the Blackberry.
U.S. stocks fell on Monday as a resurgent U.S. dollar took a toll on commodity prices and investors paused to gauge if the outlook for corporate profits justified the market's recent run to 11-month highs.
Lennar Corp reported a deeper-than-expected quarterly loss as the No. 3 U.S. homebuilder wrote down the value of land and generated less revenue than Wall Street had forecast, sending its shares down more than 6 percent.
Vivendi declined to say on Monday what it planned to do with its 20 percent holding in U.S. media and entertainment group NBC Universal amid mounting speculation that it could decide to unload the stake this year.
U.S. stocks extended losses on Monday, sending the S&P 500 index down 1 percent, after a weaker-than-expected reading in a forward-looking measure of the U.S. economy.
U.S. stocks fell on Monday as a resurgent U.S. dollar took a toll on commodity prices and investors paused to gauge if the outlook for corporate profits justified the market's recent run to 11-month highs.
U.S. tax authorities will extend a limited amnesty program for U.S. taxpayers who have undeclared income on foreign accounts to October 15 from September 23, The Wall Street Journal said on Monday, citing unnamed government officials.
Lennar Corp , the No. 3 U.S. homebuilder, reported a larger quarterly loss on Monday, as it wrote down the value of land and other assets to deal with the recession, but it pointed out signs of real estate market recovery.
Oil fell by more than 3 percent to below $70 a barrel on Monday as further signs of weak fuel demand raised expectations prices may have raced ahead of the nascent economic recovery.
