Banks and the U.S. housing market are past the crisis stage and are now on a path to recovery, a top U.S. regulator said on Thursday.
Stocks were little changed on Thursday as disappointing economic data and outlooks from bellwethers like UPS were offset by a rise in regional banks.
United Parcel Service Inc reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn has caused fewer packages to be shipped, sending its shares down as much as 7.5 percent.
U.S. newspaper publisher McClatchy Co reported a quarterly loss on Thursday because of layoff charges and falling advertising revenue.
Two suicide bombers wearing vests full of explosives blew themselves up in separate attacks on Thursday, killing 76 people, including many Iranian pilgrims, in what appeared to be Iraq's bloodiest day in over a year.
Pakistan's government has abdicated to the Taliban in agreeing to impose Islamic law in the Swat valley and the country now poses a mortal threat to the world, U.S. Secretary of State Hillary Clinton said on Wednesday.
An investigation of Bank of America Corp revealed facts that raise questions about the transparency of the U.S. government program to help banks in the financial crisis, New York's top legal officer said in a letter made public on Thursday.
China on Thursday urged the United States not to let the Dalai Lama, whom Beijing brands a separatist, visit the country. The exiled Tibetan spiritual leader, who fled his homeland in 1959 after a failed uprising against Chinese rule, starts a visit to the United States this week.
U.N. Secretary General Ban Ki-moon and Somalia's president urged international donors on Thursday to give the east African country more money to fight piracy and restore order after two decades of anarchy.
The Obama administration should set a positive example by ensuring that the regulators it leads do the right thing by giving the public a clear, detailed and relevant picture of how well or not the largest U.S. banks are doing.
Negotiators from the United States and Russia will take the first steps toward a new treaty to curb nuclear arms Friday, part of an effort to improve relations.
U.S. stocks declined on Thursday as bleak reports on housing and the labor market dented hopes the economic slump was abating and outlooks from bellwethers like UPS heightened worries about corporate profits.
U.S. stocks declined on Thursday as bleak reports on housing and the labor market dented hopes the economic slump was abating and outlooks from bellwethers like UPS heightened worries about corporate profits.
U.S. mortgage rates fell in the latest week, nudging closer to a recent record low, helped by government efforts to bring rates down to levels that will spur demand and help the hard-hit housing market begin to recover.
Italian industrial group Fiat SpA said on Thursday it was still in talks to form a partnership with ailing U.S. carmaker Chrysler , adding that it aimed to reach a deal by an April 30 deadline.
Marlboro cigarette maker Philip Morris International Inc reported a higher-than-expected quarterly profit, helped by its Asian, Latin American and Canadian markets, and backed its 2009 earnings forecast, sending its shares up more than 1 percent.
The number of U.S. workers filing new claims for jobless benefits rose 27,000 last week, the government said on a report on Thursday that showed the number of workers receiving benefits at a record high.
Two California lenders, First Regional Bancorp (FRGB.O) and Bank On It Inc (BKOT.OB), have entered agreements with the Federal Reserve Bank of San Francisco designed to ensure they remain financially sound, the regulator said on Thursday.
Hershey Co posted a higher-than-expected rise in quarterly profit on Thursday as the chocolate maker increased its market share despite raising prices.
United Parcel Service reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn caused fewer packages to be shipped, sending its shares down more than 7 percent.
US Airways Group on Thursday reported a quarterly net loss on weaker travel demand, but the loss narrowed 57 percent on capacity cuts and accounting gains for fuel hedge contracts related to cheaper jet fuel.
Struggling U.S. carmaker General Motors Corp is moving nearer to a deal to offload its Opel unit, having found a prospective buyer in Italy's Fiat SpA , an Opel supervisory board member said on Thursday.
