Dow, S&P dip as F5 view hits Nasdaq, Google up late
Stocks fell on Thursday as lackluster tech and materials earnings failed to live up to heightened expectations, threatening to short-circuit a seven-week run.
US STOCKS-Dow, S&P dip as F5 view hits Nasdaq, Google up late
Stocks fell on Thursday as lackluster tech and materials earnings failed to live up to heightened expectations, threatening to short-circuit a seven-week run.
Guinness releases wacky videogame records
LONDON (Reuters Life!) - The most perfect virtual bowler, the most swearing in a videogame and the most popular game on Facebook are just some of the records listed in the 2011 gamer's bible of wacky achievements from Guinness World Records.
Morgan Stanley revenue beats; Smith Barney pays off
Morgan Stanley posted stronger-than-expected quarterly revenue and retail brokerage profit jumped, validating its strategy of bolstering businesses that are less threatened by tougher regulation following the financial crisis.
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Existing home sales surged in December
Home resales jumped more than expected in December despite bad weather as sellers cut prices, offering some hope for a sector that has been struggling to recover from its worst slump in modern history.
Dow, S&P flat; Nasdaq falls after F5 results
The Dow and S&P were flat on Thursday while the Nasdaq slipped as investors paused to digest corporate earnings against raised expectations in a market many analysts viewed as extended.
Blockbuster wins more time to restructure
A bankruptcy judge on Thursday gave Blockbuster Inc three more months to negotiate leases, giving it a new lifeline as the video rental chain tries to reorganize its business.
New York governor may slash up to 15,000 state jobs
New York Governor Andrew Cuomo may consider eliminating up to 15,000 state workers in a bid to reduce the state's $9 billion budget gap.
SEC OKs asset-backed securities disclosure rules
U.S. securities regulators adopted new rules on Thursday that aim to give investors better information before they decide to invest in asset-backed securities, a market still struggling to recover from the financial crisis.
UnitedHealth quarterly profit tops Wall St views
UnitedHealth Group Inc posted a higher-than-expected fourth-quarter profit, helped by moderating use of medical services by its members and enrollment growth across its health insurance plans.
SEC sets asset-backed securities disclosure rules
U.S. regulators adopted new rules Thursday that seek to give investors better information before they decide to invest in asset-backed securities, a market that's still struggling to recover from the financial crisis.
Instant view: Weekly jobless claims fall to 404k
U.S. initial jobless claims fell more than expected last week and showed their biggest decline since February, in a hopeful sign for the U.S. labor market.
Wall St drops as earnings miss high hopes
Wall Street fell for a second day on Thursday as earnings failed to live up to lofty expectations and investors booked profits in a market extended by weeks of gains.
Housing and jobs numbers signal firmer economy
U.S. home resales jumped more than expected in December and claims for new jobless claims last week posted their biggest decline in nearly a year, showing two key economic trouble spots on the mend.
Wall St falls for 2nd day as materials, tech weigh
Stocks fell on Thursday as upbeat economic data on jobs and housing failed to offset a selloff in the technology and materials sectors.
Network-gear makers fall on F5 Networks weak outlook
Shares of network-gear makers fell in Thursday morning trade, a day after a leading company forecast weak second quarter, raising concerns about the pace of growth in internet traffic.
Instant view: Morgan Stanley quarterly profit up 60 percent
Morgan Stanley posted a 60 percent increase in fourth-quarter shareholder profit, helped by rising revenue in its retail brokerage business.
Malawi c.bank will cut rates this year: governor
Malawi's central bank will be able to cut interest rates this year from their current 13 percent because of the southern African nation's steadily easing inflation, Reserve Bank Governor Perks Ligoya said on Thursday.
Morgan Stanley Q4 profit jumps on strong brokerage
Morgan Stanley's global wealth management division added $14 billion in net new client assets during the fourth quarter, bringing the division back on track to meet ambitious growth targets set by Chief Executive James Gorman.
Nigeria issues Eurobond guidance of 7 pct: sources
Nigeria has issued guidance for its $500 million debut Eurobond indicating a yield of around 7 percent, higher than that of West African peer Ghana, market sources said on Thursday.
S.Africa leaves repo rate at 5.5 percent
South Africa's Reserve Bank left its repo rate steady at 5.5 percent as expected on Thursday, citing an improving economic outlook and sustained recovery in domestic consumption.
Intel seen winning EU okay for McAfee deal: sources
Intel is expected to win EU approval next week for its $7.68 billion purchase of security specialist McAfee Inc after offering more concessions to ease competition concerns, two sources with direct knowledge of the matter said on Thursday.
EU struggles to keep lid on Greek debt buyback talk
Greece and euro zone paymaster Germany tried to fend off talk on Thursday that Athens needed help with debt repayments via a buyback with European funding that could face stiff opposition in national parliaments.
Morgan Stanley profit jumps; Smith Barney pays off
Morgan Stanley's fourth-quarter shareholder profit surged 60 percent as rising fees from retail brokerage helped offset the weak fixed-income trading results that have marred earnings across Wall Street.
Boeing to cut 1,100 workers on C-17 program
Boeing Co said on Thursday it would lay off 1,100 workers who make the company's C-17 cargo plane, as it scales down assembly rates to extend the life of the production line.
Hu meets Congressional leaders, currency on agenda
Chinese President Hu Jintao is meeting with Congressional leaders on Thursday, with discussion of the yuan on the agenda.
Wind power firms choose sites for UK factory jobs
Two global wind farm manufacturers stepped up their commitment to Britain's growing renewable energy industry Thursday by planning to build factories in Hull and Scotland, creating up to 1,000 jobs.
Spain readying fresh bank funding plan: government sources
Spain is finalizing plans to find fresh funds for its troubled savings banks, officials said, prompting speculation the government may have to spend more while fighting to slash a massive deficit.
Exclusive: Over a million immigrants land U.S. jobs in 2008-10
Over the past two years, as U.S. unemployment remained near double-digit levels and the economy shed jobs in the wake of the financial crisis, over a million foreign-born arrivals to America found work, many illegally.
Swiss ex-banker faces new probe over WikiLeaks data
Police questioned former banker Rudolf Elmer on Thursday over possible fresh breaches of Swiss bank law for giving data to WikiLeaks this week, a day after he was found guilty of violating bank secrecy.
Morgan Stanley fourth-quarter profit jumps
Morgan Stanley said fourth-quarter shareholder profit surged 60 percent as rising fees from wealth management offset the weak fixed-income trading results that have marred its competitors earnings.
Southwest profit in line with estimates
Southwest Airlines Co reported a higher quarterly profit on Thursday on better passenger revenue, even as rising fuel costs boosted operating expenses.
Home sales surge, jobless claims decline
U.S. home resales jumped more than expected in December despite bad weather as sellers cut prices while jobless claims fell sharply last week, offering some hope for the economy's two key trouble spots.
Supreme Court upholds NASA employee background checks
The government in its background investigations of employees can ask about their drug treatment, medical conditions or other personal information, the Supreme Court ruled on Wednesday
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