U.S. stocks slid on Thursday as investors took profits from the technology sector's recent surge, while analyst downgrades hurt telecoms and a tepid response to a government bond auction raised fears about public finances.
Outbreaks of the new H1N1 swine flu continue to spread across the United States, with 896 confirmed cases and more to come, the U.S. Centers for Disease Control and Prevention reported on Thursday.
U.S. special envoy Scott Gration called on Sudan on Thursday to carry out credible elections, due next year, and pledged Washington's support for a referendum on southern independence set for 2011.
At least two-thirds of the $410 billion of U.S. commercial mortgage-backed securities loans that mature from this year through 2018 are not likely to qualify for refinancing, according to a report by Deutsche Bank.
Pirates have fired small arms weapons at a U.S. Navy supply ship off the coast of Eastern Somalia, the first attack of this kind since last year's surge in pirate attacks, the U.S. Navy said on Thursday.
Oil prices closed at a near six-month high on Thursday amid simmering hopes for an economic recovery that could lift ailing world energy demand.
The biggest regulatory changes since the 1930s are bearing down on the U.S. securities and investment industry and many firms are ill-prepared, says a new study by research firm TowerGroup .
Stocks slid on Thursday as investors booked profits in the hard-charging technology sector, while analyst downgrades hurt the telecom sector and a tepid response to a government bond auction undercut sentiment.
The Pentagon said on Wednesday it was seeking a $1.2 billion funding cut in missile defense spending for fiscal 2010 and set its budget request for the Missile Defense Agency at $7.8 billion.
General Motors Corp said it burned through $10.2 billion in the first quarter as it relied on a federal bailout to ride out a sharp decline in global sales that overwhelmed its cost-cutting efforts.
This week, based on indicators of improving Chinese manufacturing activity, commodity and stock markets surged in the Pacific Rim.
General Electric Co said on Thursday it plans to invest $6 billion by 2015 to help its healthcare customers cut costs, in a push the biggest U.S. conglomerate is calling Healthymagination.
All of the top 19 U.S. banks undergoing stress tests to gauge their ability to outlast an even deeper recession are solvent, and the exam results should reassure markets that banks can continue lending, Federal Reserve Chairman Ben Bernanke said on Thursday.
Investors braced for the release of bank stress test results that will separate the weak from the strong and force some top banks to raise billions of dollars in capital.
The detailed version of President Barack Obama's budget unveiled on Thursday maintains a $250 billion placeholder for additional financial rescue efforts should that money be needed, an administration official told Reuters.
U.S. stocks fell on Thursday after analyst downgrades hit the telecom sector and investors booked profits in technology stocks, with enthusiasm also fading over results from bank stress tests.
General Motors Corp said it burned through $10.2 billion in the first quarter as it relied on a federal bailout to ride out a sharp decline in global sales that overwhelmed its cost-cutting efforts.
U.S. airlines saw a steep decline in the number of passengers they carried in April, but planes were more full, a sign that steep capacity cuts may be serving their intended purpose.
Muslims living in European countries feel far more isolated than those living in the United States, according to a survey on coexistence, with a lack of access to education and jobs reinforcing a sense of ostracism.
U.S. car maker General Motors Corp could take a stake in the company that would be created by merging its European car business with Fiat SpA's auto unit, a source close to the situation said on Thursday.
Renewed peace talks between Israel and the Palestinians must tackle core issues including Jerusalem, Middle East envoy Tony Blair said, raising the specter of a clash with Prime Minister Benjamin Netanyahu.
The U.S. envoy for North Korea began a swing through Asia on Thursday to seek support from regional powers to rein in North Korea, which may be preparing to rattle security with a second nuclear test.
