Stocks fell for a fourth day on Thursday as a massive sell-off in commodities spilled into other markets, forcing investors out of riskier assets and rattling the equities market before Friday's payrolls data.
The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed.
The Internet vigilante group Anonymous denied responsibility for a cyber-attack on Sony Corp's networks that exposed the personal data of more than 100 million video gamers.
Federal prosecutors have narrowed their criminal case against Allen Stanford, the Texas financier accused of running a $7 billion Ponzi scheme.
The Dow and S&P 500 fell on Thursday after a weak labor market report fueled new fears about the strength of the economic recovery and as energy shares tumbled with the price of oil.
The Made in the USA label may be poised for a comeback, a new study argues.
Oil plunged more than 8 percent on Thursday, heading for the third biggest daily drop in dollar terms on record, as concerns about economic growth and monetary tightening spurred a sell-off in commodities.
Federal prosecutors have narrowed their criminal case against Allen Stanford, the Texas financier accused of running a $7 billion Ponzi scheme.
The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed.
Oil plunged nearly 7 percent on Thursday, heading for the biggest daily drop in dollar terms since the 2008 financial crisis, as concerns about economic growth and monetary tightening clobbered commodities.
The Treasury and banks working on the sale of the government's stake in bailed-out insurer American International Group
are too early in the process to come up with specific numbers for a potential offering, a source close to the situation said on Thursday.The Dow and S&P 500 dipped on Thursday after a weak labor market report, but losses were capped as a steep drop in oil prices was seen helping consumers.
The Treasury and the banks working on the sale of the government's stake in bailed-out insurer American International Group
are at odds over how low to price the first sale of stock, CNBC reported on Thursday.Portugal signed up to a tough but fair 78-billion-euro international bailout plan on Thursday which will send it into recession for two years with a recovery only likely in 2013, European Union and IMF officials said.
Facebook and Google Inc are separately considering a tie-up with Skype after the Web video conferencing service delayed its initial public offering, two sources with direct knowledge of the discussions told Reuters .
European Central Bank President Jean-Claude Trichet signaled on Thursday that euro zone interest rates are unlikely to rise next month but left the door firmly open for an increase in July.
In the wake of the financial crisis, regulators are strengthening their ability to spot fault lines in the financial system, rather than focusing exclusively on specific companies, Federal Reserve Chairman Ben Bernanke said on Thursday.
Oil plunged nearly 6 percent on Thursday, headed for the biggest four-day loss in a year, sparked by a sell-off across commodities markets on mounting worry about the economy, interest rates and demand.
U.S. stocks were set for a lower open on Thursday as weak labor data rekindled concerns about the strength of the consumer and the economic recovery.
The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed.
New U.S. claims for unemployment aid unexpectedly rose last week to touch their highest level in eight months, pushed up by factors ranging from spring break layoffs to the introduction of an emergency benefits program, a government report showed on Thursday.
The Bank of England kept its key interest rate at 0.5 percent on Thursday, in a widely expected move after a run of subdued data which has cast doubt on the strength of Britain's economic recovery.
U.S. stocks fell for the fourth straight session on Thursday as weak labor data rekindled worries about consumer demand and the strength of the economic recovery.
Kelsey was a recent graduate from a speech and hearing sciences program and was seeking to enter the field in an administrative or customer service capacity while she figured out what the next step in her education/career would be. Kelsey explained that she wanted to keep her résumé fairly broad in nature and hadn't focused on her background in speech and hearing sciences as she wanted to keep as many of her options open as possible.
Brent crude fell by more than $4 to near $117 a barrel on Thursday as fund managers and traders pulled money from across commodities markets on concerns about interest rate rises and demand destruction.
Portugal's caretaker government signed up to a 78 billion euro EU/IMF bailout on Thursday, warning its terms would push it into recession this year and next.
Swiss commodity trader Glencore has lined up buyers for all of the shares in its planned $11 billion mega-float only a day into the sale process, two sources close to the deal said.
Commodity prices fell once again, and Silver Bullion sank for the fourth day in succession, losing 22.5% against the Dollar since Thursday last week - the sharpest plunge since April 1987.
New U.S. claims for unemployment aid unexpectedly rose last week to touch their highest level in eight months, pushed up by factors ranging from spring break layoffs to the introduction of an emergency benefits program, a government report showed on Thursday.
U.S. stock index futures edged lower on Thursday as commodities lost ground on worries about less demand after recent tepid economic data and ahead of Friday's key payrolls report.
