Sears Holding Corp reported a quarterly loss on Thursday instead of the profit Wall Street was expecting as the retailer struggled to cut costs to keep up with falling revenues, and its shares fell nearly 13 percent.
It just won't go away, this needling worry about the U.S. dollar losing its coveted top-dog status.
Oil prices eased toward $72 a barrel on Thursday, after rising more than 4 percent in the previous session, as optimism faded about the pace of demand recovery in the world's top consumer the United States.
The Black Eyed Peas and Jason Mraz will shatter two records for longevity on the Billboard Hot 100 when the singles chart is released Thursday.
A stabilizing U.S. financial sector may have freed the White House to trim its 2009 budget deficit projection but the still-record-breaking figure will not make it easier to sell healthcare reform.
A coalition of U.S. state pension funds is supporting the private equity industry's opposition to new rules on takeovers of troubled lenders, the Financial Times reported on its website.
Sears Holding Corp reported a quarterly loss on Thursday as the retailer continues to suffer from the crash of the U.S. housing market.
U.S. low-cost carrier Southwest Airlines , which lost a bid to buy Frontier Airlines Holdings Inc , may look for another acquisition but would continue to carry conditions with any bid, its chief executive Gary Kelly told the Wall Street Journal in an interview.
Banco Bilbao Vizcaya Argentaria , Spain's second-largest bank, is expected to win a government-run auction of troubled Texas lender Guaranty Financial Group Inc , sources familiar with the situation said on Wednesday.
Stock index futures pointed to a higher open on Wall Street on Thursday, mirroring gains in Europe as well as Asia, where Shanghai stocks rebounded from a sharp two-week selloff, and on rallying commodity prices.
The Swiss government's sale of a 9 percent stake in UBS drew lively bids, traders said on Thursday, with a price range seen above the stock's closing price in the previous session.
Oil was steady above $72 a barrel on Thursday, after rising more than 4 percent the previous day, buoyed by industry data showing a steep drop in crude imports and stockpiles in top consumer the United States.
Shares in UBS were expected to open down more than 1 percent on Thursday after the Swiss government said it would sell its 9 percent stake in the bank.
The U.S. government's cash for clunkers autos sales incentive program may be wound down as soon as early September, the Wall Street Journal said, citing a person familiar with the matter.
Chinese shares clawed higher on Thursday after a two-week sell-off, giving a boost to Asian stock indexes and commodities even as many investors remained worried that the Shanghai slide may have more room to run.
Oil was steady above $72 a barrel on Thursday, after rising more than 4 percent the previous day, buoyed by industry data showing a steep drop in crude imports and stockpiles in top consumer the United States.
Dutch supermarket group Ahold reported second-quarter operating profit above forecasts on Thursday, helped by cost controls even as the retail environment continues to reflect weak economic conditions. Second-quarter earnings before interest and taxes (EBIT) rose 25.5 percent to 295 million euros, compared with the 276 million euros projected by analysts and 235 million euros a year earlier.
China's top oil refiners are set to reveal a surge in quarterly earnings on the back of fuel price increases and lower oil prices, reaping the benefits six months after Beijing shifted to more liberal fuel pricing.
Oil was steady above $72 a barrel on Thursday, after rising more than 4 percent the previous day, buoyed by industry data showing a steep drop in crude imports and stockpiles in top consumer the United States.
Japan's Nikkei stock average on Thursday climbed from a three-week closing low, buoyed by resource shares after crude oil surged and by rekindled recovery hopes, with a rebound in Chinese shares also giving a lift.
James Lockhart, who earlier this month said he would resign as the U.S. regulator overseeing mortgage finance companies Fannie Mae and Freddie Mac , will become vice chairman of a distressed investment group at Invesco Ltd , the company said on Wednesday.
Friendlier Credit Cards?; Central Bank Confab; More Bear Stearns Fallout
