Specialty apparel retailer Eddie Bauer Holdings Inc said it faced significant risk of violating its consolidated secured leverage ratio as early as the first half of fiscal 2009.
The U.S. dollar nursed big losses on Thursday and Asian government bonds rallied after the Federal Reserve vowed to buy long-dated U.S. Treasuries, reviving a practice not used in decades to revive an ailing economy.
Microsoft Corp is set to publicly launch Internet Explorer 8 early on Thursday, the latest version of its market-dominating Web browser.
Microsoft Corp is set to publicly launch Internet Explorer 8 early on Thursday, the latest version of its market-dominating web browser.
NIKE Inc, the world's leading retailer of athletic footwear and apparel maker, said Wednesday its sales dropped in the third quarter of 2009.
The U.S. government's hodgepodge of financial regulatory agencies failed to take a big-picture view of risk and ignored red flags in the current economic crisis, a government report said on Wednesday.
JPMorgan Chase & Co Chief Executive Jamie Dimon received about $19.7 million in total compensation for 2008, down from about $34 million in 2007, the company revealed in materials filed with U.S. regulators ahead of its annual shareholder meeting.
Luxury carmaker BMW said on Wednesday it intended to stay independent despite the decline in vehicle demand, as Ford Motor Co became the second carmaker to offer securities backed by auto loans to take advantage of a U.S. program aimed at thawing consumer credit for new vehicles.
A plan to expand a controversial U.S. ballistic-missile shield into Eastern Europe is being scrutinized as part of a 2010 budget request to be sent to Congress next month, the Pentagon's chief financial officer told Congress on Wednesday.
The names of 200 highest bonus earners at Merrill Lynch & Co last year are not a trade secret and can be made public in an investigation by New York's top legal officer, a judge ruled on Wednesday.
Stocks leaped on Wednesday after the Federal Reserve surprised Wall Street when it said it will buy long-term Treasury bonds for the first time in four decades in an effort to revive the recession-hit economy.
U.S. inflation rose in February on higher gasoline and apparel prices, government data showed on Wednesday, indicating some pricing power in the recession-hit economy and easing fears of deflation for now.
Bank of America Corp and Citigroup Inc shares have roughly tripled from the multi-decade lows of less than a month ago and powered higher on Wednesday on optimism government efforts to stimulate lending might boost stocks after punishing recent declines.
Oil fell $1 a barrel on Wednesday after data showed U.S. crude inventories swelled to the highest level in nearly two years and the World Bank cut its 2009 forecast for China's economic growth.
Starbucks Corp is on track to hit its target of $500 million in cost savings this fiscal year as the world's biggest coffee chain closes stores and sheds staff, its chief executive said at the company's annual shareholder meeting.
Bank of America Corp and Citigroup Inc shares have roughly tripled from multi-decade lows set less than a month ago, and powered higher on Wednesday on speculation their recent punishing declines might have been too severe.
Bank of America Corp and Citigroup Inc shares have roughly tripled from multi-decade lows set less than a month ago, and powered higher on Wednesday on speculation their recent punishing declines might have been too severe.
The U.S. Federal Reserve on Wednesday, in a surprise move, said it will buy up to $300 billion worth of longer-term U.S. government debt over the next six months and expand purchases of mortgage-related debt to help ease credit market conditions.
Bank of America Corp and Citigroup Inc shares have roughly tripled from multi-decade lows set less than a month ago, and powered higher on Wednesday on speculation their recent punishing declines might have been too severe.
The U.S. Federal Reserve on Wednesday, in a surprise move, said it will buy up to $300 billion worth of longer-term U.S. government debt over the next six months and expand purchases of mortgage-related debt to help ease credit market conditions.
The American International Group bonus payment debacle could not have come at a worse time for a U.S. government that desperately needs to attract up to $2 trillion of private capital for its latest efforts to repair a crippled financial system.
U.S. stocks pared losses on Wednesday as oil prices trimmed earlier losses and bank stocks advanced following reassuring comments from Bank of America chief executive.
