Better-than-expected July jobs numbers have numerous private economists heralding the end of the recession, but the Obama administration is taking a more guarded view because of a worrisome rise in long-term unemployment and a drop in labor force participation.
Florida republican, Senator Mel Martinez, has decided to leave the senate permanently in the next few weeks following his earlier announcement that he would no longer be running for re-election in 2010.
General Motors Co is on track to sell shares in an initial public offering as soon as 2010, before Chrysler , the the Obama administration's autos task force said on Wednesday.
Oil fell on Wednesday as rising U.S. crude inventories and weak economic data raised doubts about a demand rebound in the world's top energy consumer.
The Obama administration envisions the grants will build momentum for developing plants for making advanced batteries and drive systems, creating
U.S. stock futures slipped on Tuesday as investors paused to gauge if the recent run-up will hold, while retreating oil prices looked set to weigh on energy shares.
Oil rose more than $2 a barrel to hit a one-month high above $72 on Monday as positive manufacturing data in the United States and China raised optimism for an economic recovery that could bolster energy demand.
The question is whether jobs can be found for retrained workers in the state with America's highest unemployment rate.
Microsoft increased its share of the U.S. Internet search market by another 1 percentage point in July, taking its combined share with new search partner Yahoo to 20.36 percent, according to data released on Monday.
UBS AG's Chief Executive Oswald Grubel wants to run the Swiss bank's U.S. brokerage unit for at least three years and sell it later at some point, CNBC said on Friday.
The S&P 500 ended its best five-month streak since 1938 with a slight gain on Friday as government data showed softness in consumer spending but reinforced expectations that the economic slump is abating.
China crushed the world record in the women's 800 free relay at the FINA World Championships, beating US as No. 1, followed by U.S. and Great Britain.
U.S. mortgage applications fell for the first time in four weeks, driven by a drop in demand for home refinancing loans as interest rates climbed, data from an industry group showed on Wednesday.
Oil eased toward $63 a barrel on Thursday, after sliding almost 6 percent the day before on data showing a jump in U.S. crude stocks, while the market kept an eye on measures by China to manage credit growth.
U.N. Secretary-General Ban Ki-moon said on Wednesday he is willing to visit North Korea to help defuse tensions on the Korean peninsula.
It would seem that the US housing market - arguably the Achilles heel of the global financial morass - is finally looking up.
US Airways Group on Thursday reported a second-quarter net profit, reversing a year-ago loss and beating expectations on lower fuel costs, but said it is not counting on a quick rebound in travel demand.
US Airways Group on Thursday reported a second-quarter net profit, reversing a year-ago loss on lower fuel costs, but said it is not counting on a quick rebound in travel demand.
The U.S. unit of the world's largest meat processor, JBS SA, filed for an initial public offering of up to $2 billion on Wednesday, making it the largest planned offering in the U.S. IPO pipeline.
Select seasonally adjusted historical data from Mortgage Bankers Association's (MBA) weekly mortgage application survey
Corrects quote in paragraph five to closed societies from free societies
A U.S. judge delayed the trial of a former Credit Suisse Group AG employee on securities fraud charges to await the return on Monday of a co-defendant who fled to Spain.
