The pace of growth in U.S. manufacturing picked up for the first time in four months in June, surprising investors and fueling optimism the recent economic slowdown will be temporary.
General Motors Co and Ford Motor Co both reported weaker-than-expected U.S. sales gains in June as they again dialed back deals for car buyers despite the shaky economy.
The pace of growth in the U.S. manufacturing sector picked up for the first time in four months in June, a sign of optimism for the sputtering economy, according to an industry report released on Friday.
Stocks rallied on Friday for a fifth day and were on track to record their best week in nearly a year, after a surprising jump in manufacturing data eased concerns about a tepid economic recovery.
Former IMF chief Dominique Strauss-Kahn was released without bail on Friday after a dramatic court hearing where the sexual assault case against him appeared to shift in his favor.
Tony Alvarez recalls his doubts as he contemplated the wrecked, two-bedroom foreclosed house up for sale 30 years ago with his real estate agent's reassuring hand on his shoulder.
Former IMF chief Dominique Strauss-Kahn was released without bail on Friday after a dramatic court hearing where the sexual assault case against him appeared to shift in his favor.
General Motors Co on Friday reported a weaker-than-expected gain in June U.S. sales and tempered its full-year forecast for the industry as some consumers were still holding back on buying cars.
Eurogroup President Jean-Claude Juncker moved forward a meeting of euro zone finance ministers scheduled for Sunday in Brussels and changed it to a conference call on Saturday, his spokesman said on Friday.
Lehman Brothers Holdings Inc said its second amended $65 billion bankruptcy liquidation plan won support from thirty institutions and affiliates, possibly setting the stage for the end of the biggest bankruptcy in U.S. history.
The sexual assault case against former IMF chief Dominique Strauss-Kahn was close to collapse on Friday, sources close to the case said, in a dramatic turnabout that could upend French politics again.
Stocks advanced for a fifth straight session on Friday and were poised to record their best week in nearly a year after data showed the U.S. manufacturing sector grew faster than expected in June, helping to dispel some recent gloom about the economy.
The pace of growth in the manufacturing sector picked up for the first time in four months in June, a sign of optimism for the sputtering economy, according to an industry report released on Friday.
Consumer sentiment worsened in June on jitters about the economic outlook and spending is likely to remain lackluster in the long-term, a survey released on Friday showed.
The Federal Trade Commission is reviewing social networking company Twitter and its dealings with at least one company that makes software designed to interact with the service, according to media reports.
International banks threw their weight behind plans to support Greece with the help of the private sector on Friday, detailing options such as a roll-over of debt, extension of maturities and debt buy-backs.
Washington Mutual Inc's officers, directors, underwriters and auditor have agreed to a $208.5 million settlement to end class-action securities fraud lawsuits, according to court documents.
Stocks were set to post their best week in nearly a year on Friday as investors looked ahead to key national manufacturing data, with confidence growing that the economic slowdown could be temporary.
The apparel industry in Los Angeles, California is riding a small but growing wave of insourcing as costs in China and India rise and the city's factories cater to demand for high-quality garb and fast-turn fashion.
Japan must prevent currency rates and electricity costs from driving companies abroad after the March 11 earthquake raised concerns about the reliability of suppliers and the availability of power, Finance Minister Yoshihiko Noda said on Friday.
The technical sophistication of cybercriminals is swamping the world's ability to cope, a top U.S. official warned on Friday, demanding an accelerated cross-border campaign to combat the security threat.
Macau, the world's largest gambling market, posted an annual 52.4 percent rise in gaming revenue in June to 20.8 billion patacas ($2.6 billion), the Macau government said on Friday, signaling a ravenous gambling appetite from Chinese tourists.
LONDON/PARIS - While traditional advertising groups jostled for awards at a recent annual industry gathering in Cannes, the year's biggest star was a newcomer to the beaches: the social network Facebook.
The sexual assault case against former IMF chief Dominique Strauss-Kahn was near collapse, sources said on Thursday, raising the prospect of his dramatic return to France's presidential election race.
The sexual assault case against former International Monetary Fund chief Dominique Strauss-Kahn is near collapse, sources said on Thursday, raising the prospect of his dramatic return to France's presidential election race.
Chinese police have arrested 36 people in connection with operating fraud on Alibaba.com that prompted the resignations of the firm's top executives in February, the company said.
Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make a decision until contentious negotiations over the U.S. debt ceiling are completed, people familiar with his thinking said on Thursday.
A top Federal Reserve official said on Thursday large-scale bond buying can be an effective monetary policy substitute when the central bank runs out of room to cut interest rates.
The Federal Reserve should be prepared to act to support the economic recovery again if growth disappoints, a top official said on Thursday, the day the central bank's latest bond buying round ended.
The aeronautics unit of Lockheed Martin Corp, the Pentagon's No. 1 supplier by sales, said on Thursday that it plans to cut about 1,500 jobs to reduce costs in response to a flattening of U.S. defense spending.
