The number of U.S. workers filing new claims for unemployment benefits fell last week, but the weak job market continued to pressure incomes and spending in March, government data showed on Thursday.
Exxon Mobil Corp , the world's largest publicly traded company, posted a 58 percent drop in quarterly profit, missing Wall Street estimates, as the global recession sliced into demand for crude oil and depressed prices.
The world can burn only a quarter of proven reserves of oil, gas and coal to be confident of staying within safer climate limits, unless untested carbon fixes work, experts said on Wednesday.
Chevron Corp on Thursday won conditional approval from an Australian environmental regular for the multi-billion dollar Gorgon gas project, bringing a final investment decision closer.
The number of U.S. workers filing new claims for jobless aid unexpectedly declined by 14,000 last week, government data showed on Thursday, while continued claims notched a fresh record high as the recession chilled the labor market.
Chrysler LLC rushed to clinch a deal on Thursday to stave off collapse ahead of a midnight deadline imposed on the No. 3 U.S. automaker by the Obama administration.
Chrysler LLC rushed to clinch a last-minute deal on Thursday to stave off collapse ahead of a midnight deadline for the third-largest U.S. automaker.
Stock index futures pointed to a more than 1 percent gain on Thursday as the first quarter's better-than-expected corporate profits stoked optimism the economic slump is showing signs of easing.
Oil rose toward $52 a barrel on Thursday, partly in response to a more optimistic view of the world economy from the U.S. Federal Reserve that also helped drive equity markets to their highest level since early January.
Stock index futures pointed to a higher start for Wall Street on Thursday ahead of a flurry of results as well as U.S. core personal consumption expenditure, jobless figures and Chicago PMI data.
Global stock markets jumped more than one percent on Thursday to their highest since early January as investors bet on a stabilization of the ailing world economy and took heart from some upbeat corporate earnings.
Swiss bank UBS said on Thursday it had axed 2,000 U.S. jobs as part of its latest mammoth round of job cuts announced earlier in April.
World stocks scaled a four-month peak on Thursday, powered by solid gains in Asia, as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production.
World stocks scaled a four-month peak on Thursday, powered by solid gains in Asia, as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production.
Chrysler rushed to clinch deals with Fiat SpA and a fractious group of lenders on Wednesday in a last-ditch effort to avoid bankruptcy ahead of a government-imposed April 30 restructuring deadline.
Visa Inc posted better-than-expected quarterly earnings on Wednesday as the world's largest credit card network increased prices, slashed expenses and consumers used debit cards more.
Chrysler rushed to clinch deals with Fiat SpA and a fractious group of lenders on Wednesday in a last-ditch effort to avoid bankruptcy a day ahead of a government-imposed restructuring deadline.
The U.S. Treasury raised its offer by $250 million in debt restructuring talks with Chrysler LLC lenders on Wednesday as part of a final push to win over lenders holding out for better terms and avoid bankruptcy, two people person briefed on the closed-door talks said.
Sumner Redstone, executive chairman of CBS Corp, said on Wednesday that he thinks the U.S. stock market is at the start of a bull market.
Starbucks Corp posted quarterly profit that just topped expectations on cost cuts and is planning a multimillion dollar advertising campaign challenging the view that its coffee is an expensive luxury.
Visa Inc posted better-than-expected quarterly earnings on Wednesday as the world's largest credit card network increased prices, slashed expenses and consumers used debit cards more.
Bank of America Corp shareholders voted to oust embattled Chief Executive Kenneth Lewis as chairman of the board on Wednesday in what could be a precursor to his eventual replacement as CEO as well.
