Banks watchlist grows; AIG chief defeds holiday; First Flight Jump
PHILADELPHIA - U.S. government scientists have for the first time found chemical contaminants in drinking water wells near natural gas drilling operations, fueling concern that a gas-extraction technique is endangering the health of people who live close to drilling rigs.
WASHINGTON - The U.S. military wants to speed production of 10 to 12 huge bunker buster bombs, the Air Force said on Thursday, amid concerns over suspected underground nuclear sites in Iran and North Korea.
A unit of energy giant Edison International (EIX.N) on Thursday was charged with violating U.S. clean air laws at its coal-fired power plants in Illinois by releasing massive amounts of pollutants into the atmosphere.
Ford Motor Co said on Thursday it is adding shifts at its truck plants in Michigan and Missouri in response to increased demand for its F-150 pickup trucks and Escape SUVs.
Swiss bank UBS currently has no plans to buy back toxic assets which were transferred to the country's central bank last autumn as part of a government rescue package, a spokeswoman said on Thursday.
NEW YORK - Chemical shipments on U.S. railroads fell 10.1 percent last week, according to a report from the Association of American Railroads on Thursday.
Problem U.S. banks and thrifts on an official watchlist rose more than a third to 416 in the second quarter of 2009, as bad loans continued to bite, but regulators saw signs of stabilization in the industry.
SEATTLE - U.S. retailers could see sales in the 2009 holiday season decline from last year's dismal results or show only a slight increase, even in the best scenario, according to a new forecast.
The number of problem U.S. banks and thrifts on an official watchlist rose sharply to 416 in the second quarter of 2009 from 305 in the prior quarter, as the industry recorded a $3.7 billion loss.
Problem U.S. banks and thrifts on an official watchlist rose more than a third to 416 in the second quarter of 2009, as bad loans continued to bite, but regulators saw signs of stabilization in the industry.
Oil prices fell for the third consecutive day on Thursday as upbeat U.S. economic data failed to stanch concerns over bulging stockpiles in the world's largest energy consumer.
Moody's Investors Service on Thursday lowered its ratings on Pulte Homes, Inc and Centex Corp further into junk territory, citing cash generation challenges the merged companies face through the end of 2010.
Democrats scrambled on Thursday to find a way to quickly fill the seat of Senator Edward Kennedy, and give them a crucial vote in the drive to win overhaul of the U.S. healthcare system, a top domestic priority shared by President Barack Obama and Kennedy.
Microsoft Corp plans to slash the price of its high-end Xbox 360 video game console by $100, or 25 percent, stepping up the price war in the video game console market.
U.S. stocks slipped on Thursday, with energy shares falling alongside oil prices as investors tapped the brakes on an August rally that has taken the market to 10-month highs.
G20 policymakers meeting in London next week will likely pledge to maintain accommodative policies for as long as is needed, a G7 source told Reuters on Thursday.
The U.S. Federal Communications Commission on Thursday launched an inquiry to examine the state of competition in the wireless industry, taking a step that could lead to probes of other sectors.
The U.S. economy shrank less than expected in the second quarter, despite a record drop in inventories, and fewer workers filed new claims for jobless benefits last week, a sign the economy was starting to heal.
Ford Motor Co said on Thursday it is adding shifts at its truck plants in Michigan and Missouri in response to increased demand for its F-150 pickup trucks and Escape SUVs.
NEW YORK - U.S. copper futures dipped into negative territory Thursday morning as a weaker open on Wall Street and lingering concerns about Chinese demand sapped earlier strength and pulled prices back down from the $2.90 a lb level.
Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc says he's getting a lot of work done from his massive villa overlooking the Adriatic.
