NYSE Euronext and the Depositary Trust & Clearing Corp. said they will launch a joint venture to create a new clearing house for U.S. fixed income derivatives.
Personal income taxes, a key revenue generator for most U.S. states, plummeted 26 percent, or $28.8 billion, in the first four months of 2009 compared to the same period in 2008, according to a Rockefeller Institute of Government report on Thursday.
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The Dow and S&P 500 gained on Thursday, breaking a three-day losing streak, as data on the job market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.
Senior U.S. lawmakers launched an assault on Thursday on the centerpiece of the Obama administration's financial reform plan -- giving the Federal Reserve new powers to police broad risks in the economy.
Talks to sell the storied Chicago Cubs baseball team have reopened with a rival bidding group, and are continuing alongside negotiations with the original Ricketts family buyers, sources familiar with the situation said on Thursday.
Microsoft Corp is willing to invest 5 to 10 percent of its operating income in its search business for up to five years, Chief Executive Steve Ballmer said on Thursday, as its Bing search engine gains ground with Web surfers.
President Barack Obama faces growing concerns among voters over government spending, the auto industry bailout and other economic policies, according to two opinion polls released on Wednesday.
U.S. employers will see healthcare costs rise 9 percent in 2010 and they expect their workers to pay a greater share of their health plans, consultant PricewaterhouseCoopers said on Thursday.
A rift between AIG and Maurice Hank Greenberg, former head of the ailing insurer, raised questions in 2005 about a decades-old compensation plan funded by a private affiliate, Greenberg told a federal jury on Thursday.
The possibility of the Federal Reserve gaining regulatory authority over General Electric Co's hefty finance arm could influence how the company restructures that business.
Duke Energy Corp. - the third largest nuclear power operator in the U.S. - unveiled plans to build a nuclear power reactor in Ohio, its Chief Executive Officer said during a press conference Thursday in Piketon, Ohio.
Stocks gained on Thursday after a recent small pullback as data on the jobs market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.
The U.S. economy sprouted more green shoots of recovery in data released on Thursday, with weekly jobs figures showing unexpected improvement and the slumping factory sector revealing dramatic signs of a rebound.
Discover Financial Services reported a smaller-than-expected quarterly operating loss as the fourth-largest U.S. credit card network cut costs and bad loans grew less than expected, sending its shares up 5.5 percent.
Airplane makers plan to crank up production volumes as soon as the global economic crisis starts easing, and they are using this year's Paris Air Show to convince suppliers that they can sell as many planes as planned.
President Barack Obama's announcement Wednesday offering limited benefits to the same-sex partners of federal employees failed to quell growing anger in the gay community that gay rights issues were getting short shrift at the White House.
Discover Financial Services , the fourth-largest U.S. credit card network, said quarterly earnings from continuing operations rose nearly 12 percent, helped by an antitrust settlement.
European Union leaders will approve new rules to tighten bank supervision at a two-day summit which starts on Thursday and is intended to show the bloc has the economic crisis under control.
Hungary and the United States are in talks about resettling in Hungary a small number of prisoners held at Guantanamo Bay, Cuba, a senior U.S. diplomat said on Thursday.
Russia said on Thursday that talks with the United States on reducing vast arsenals of Cold War nuclear weapons were proceeding constructively ahead of a visit by U.S. President Barack Obama to Moscow in July.
The number of U.S. workers filing new claims for jobless benefits rose last week but the number of people staying on the benefit rolls after collecting an initial week of aid fell for the first time since January, a government report showed on Thursday.
