Online coupon company Groupon Inc filed for an initial public offering on Thursday, the latest in a series of social networking companies to tap the U.S. capital markets.
The Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank bought more bonds in an effort to support the economy, Fed data released on Thursday showed.
Canada's biggest telecom company, BCE Inc, wants rivals big and small to compete without restrictions for valuable spectrum needed to accommodate booming demand for mobile Internet services.
Moody's Investors Service said on Thursday there is a small but rising risk of a short-lived default by the United States if there is no increase in the statutory debt limit in coming weeks.
Customer relationship company Convergys Corp plans to sell its holdings in some wireless assets in the Cincinnati metropolitan area to AT&T Inc for about $320 million in cash.
U.S. stocks ended a volatile trading day mostly flat on Thursday as investors were reluctant to make bets a day before a critical labor market report that could magnify fears the economy is slowing.
Moody's Investors Service said it may downgrade the debt ratings of Bank of America Corp, Citigroup Inc and Wells Fargo & Co, citing concerns about waning U.S. political willingness to offer support for the largest banks.
A surprise decision by the U.S. education department to dilute a key rule governing federal aid to for-profit colleges has ended the uncertainty around the companies' growth prospects, giving a boost to the stocks.
The slowdown has begun. The economy has started to sputter and unemployment claims have tipped 400,000 for the last seven weeks. Manufacturing is cooling, the housing market is struggling and consumers are keeping a close eye on spending, meaning the U.S. economy might be on a slower path to full health than expected.
Moody's Investors Service said Thursday there is a very small but rising risk of a short-lived default by the United States if the country's debt limit is not increased in coming weeks.
Stocks rebounded from early lows but struggled to find direction on Thursday as news of fresh help for Greece calmed investors worried about the economic outlook ahead of a key jobs report.
Greece agreed with its EU and IMF lenders to impose yet deeper austerity and speed up state selloffs in exchange for fresh funds to avert a debt default, a senior official said on Thursday.
Goldman Sachs Group received a subpoena from New York prosecutors seeking information on the investment bank's role leading into the global financial crisis, a person familiar with the matter said.
The S&P 500 rebounded from earlier losses on Thursday following news of a fresh funding plan to help Greece pay off its mountain of debt.
The S&P 500 traded at a six-week low, taking out its lowest point for May at 1,311.80, as nervous investors focused on key market levels to manage risk a day after stocks' worst one-day fall in nearly a year.
Treasury Secretary Timothy Geithner meets an influential group of freshman Republican lawmakers on Thursday to try to improve chances that Congress will increase his borrowing authority and prevent a government default.
Goldman Sachs Group received a subpoena from New York prosecutors seeking information on the investment bank's role leading into the global financial crisis, a person familiar with the matter said.
Greece intends to present a fresh austerity plan Friday and expects its next aid tranche to flow, a government official said, after Moody's cut the country's credit rating deep into junk territory.
New U.S. claims for unemployment benefits fell last week, but not enough to assuage fears the labor market recovery has taken a step back.
Stocks were little changed on Thursday, a day after suffering their biggest losses in nearly a year, as a slight improvement in weekly jobless claims failed to impress and chain-store sales were lackluster.
The 17-nation euro zone should consider establishing a central finance ministry as it tightens coordination of national economic policies to fight crises, the head of the bloc's central bank said on Thursday.
U.S. stocks were set for a slightly higher open on Thursday, a day after suffering its biggest losses in nearly a year, as data showed a fall in weekly jobless claims, although short of expectations.
Apple iOS 5 powered iPhone 5 may not be debuting after all at Apple Worldwide Developers Conference (WWDC) next week, leading people to wonder whether the next generation smart phone will be playing a catch up game or whether it is prowling for the right opportunity to reveal itself and blast its rivals into oblivion.
New claims for unemployment benefits fell less than expected last week, according to a government report on Thursday that could add to fears the labor market recovery has taken a step back.
U.S. stock index futures advanced on Thursday a day after suffering its biggest losses in nearly a year as investors waited for more clues on the strength of the economy ahead of Friday's jobs data.
A Japanese government panel on Thursday recommended doubling the country's sales tax in stages over the next four years to help pay for rising social security costs, though Prime Minister Naoto Kan's looming resignation and instability in his ruling party cast doubt over whether the policy will be implemented.
Suspected Chinese hackers tried to steal the passwords of hundreds of Google email account holders, including those of senior U.S. government officials, Chinese activists and journalists, the Internet company said.
Greece has agreed to 6.4 billion euros in new steps to cut its 2011 budget deficit and aims to wrap up bailout talks with international inspectors by Friday, a senior government official told Reuters on Thursday.
Bank of Japan board member Seiji Nakamura said solid global growth will help Japan's recovery accelerate later this year but warned that the country cannot afford policy paralysis when the wounds of the devastating earthquake in March have yet to heal.
Europe should consider strengthening central control of economic policy if efforts to deal with its debt crisis do not deliver results, European Central Bank President Jean-Claude Trichet said on Thursday.
