The U.S. President Barack Obama said on Thursday the so-called beer summit is a beer not a summit.
Several large, troubled banks that received government assistance paid hundreds of employees bonuses of at least $1 million last year, according to New York Attorney General Andrew Cuomo. Cuomo criticized the top U.S. banks for paying boom-time bonuses in an era of economic peril. At least 4,793 bankers and traders were paid more than $1 million in bonuses last year.
Stocks rose on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500's two days of losses.
The cap-and-trade bill will do little to stop trade wars overseas and will instead start conflicts that will threaten American workers at home and abroad, Missouri senator Kit Bond said Thursday during remarks at the Senate Environment and Public Works hearing.
Former project manager Bob Short has a ready answer to describe which job is more difficult -- his old post at Nuveen Investments or his current position as stay-at-home dad.
With the once-resilient videogame industry mired in a slump, investors are looking to big-name titles and potential price cuts for game consoles in the second half of the year to help spur a rebound in sales.
Stocks rose on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500's two days of losses.
With polls showing public support for President Barack Obama's healthcare reform waning, Senate negotiators hit another snag on Thursday when a key Finance Committee Republican said the panel would not be ready to vote until September.
U.S. lawmakers debating a huge overhaul of the nation's healthcare system are increasingly focusing on proposals that healthcare cooperatives could be formed to help provide medical coverage.
Karl-Georg Altenburg, head of JP Morgan's German business, said he expects companies to learn from the financial crisis and aim for a stronger capital base in the longer term, according to a German paper.
Former Alaska Gov. Sarah Palin is expected to make a visit to the Ronald Reagan Presidential Library and Museum in California on August 8.
U.S. financial regulators would gain the power to restrict holdings of over-the-counter derivatives under legislation to be crafted in the coming months, the chairmen of two House of Representatives committees said on Thursday.
A U.S. judge ruled on Thursday that auto parts maker Delphi Corp (DPHIQ.PK) can sell itself to a group of lenders, paving the way for the company to end its near four-year trip through bankruptcy court.
Nissan Motor Co. and battery maker EnerDel will co-fund research for a breakthrough technology consisting of a new electrical conductive material for electric and hybrid vehicle batteries, EnerDel said in a statement Thursday.
Bank of America Corp plans to set up a wholly owned subsidiary in China to expand in the world's fastest-growing major economy, people briefed on the plan said.
The president Obama will invite Harvard scholar Henry Louis Gates Jr. and Cambridge Sgt. James Crowley to join him for a beer in hopes of defusing the racial dispute.
A member of the German government's Opel Task Force told Reuters on Thursday that negotiations between General Motors GM.UL and the two competing bidders for Opel could drag on longer than expected.
U.S. stocks jumped on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500's two days of losses.
Wal-Mart Stores Inc is discussing with U.S. health officials the possibility of putting vaccination sites at some of its stores for an H1N1 swine flu inoculation campaign this fall, a company official said on Thursday.
One hundred ninety-seven years, one month and 14 days after its founding, Citigroup Inc has given a roughly 34 percent stake to U.S. taxpayers.
Bank of America Corp Chief Executive Kenneth Lewis downplayed growing concern that banks are indifferent to providing needed credit to get the economy moving again, while maintaining that vitriol over the industry's responsibility for the recession is overdone.
U.S. President Barack Obama, reflecting on government support for the financial sector, said it is dangerous for the economy when companies believe they are too big to fail.
