Wal-Mart Stores Inc, the world's largest retailer, has invested in China's top online seller of consumer electronics and communication products, in a push to extend its reach to more Chinese buyers.
Japan's government has managed to meet caps on spending and new bond issuance in compiling a budget for the year from next April, the finance minister said on Friday, as the government struggles to mend tattered public finances.
Video rental chain Blockbuster Inc wants to have control over its bankruptcy extended to March 21 to develop its business plan, according to court documents.
MBIA Inc won a key ruling that will sharply reduce the time and cost of gathering evidence to prove that Bank of America fraudulently induced it to insure billions of dollars of mortgage bonds.
Online travel agency Expedia is making users take extra steps to get American Airlines listings after the U.S. airline stopped selling tickets through rival Orbitz Worldwide earlier this week.
Oil surged above $91 a barrel to its highest price in more than two years on Thursday, as OPEC member Libya's apparent lack of concern over prices prompted some analysts to call for a new year's run at $100.
Arab OPEC ministers began arriving in Cairo on Thursday ahead of talks expected to broach how high an oil price the world economy can stand as crude jumped to a more than two-year high above $91 a barrel.
Stocks racked up a fourth straight week of gains on Thursday, as investors expected optimism about the economic recovery to support equities through year-end.
Internet calling service Skype said its system was still down for around 20 percent of users on the second day of its biggest outage in more than three years, although service was gradually recovering.
President Barack Obama will again nominate economist Peter Diamond to the Federal Reserve Board next year, a White House official said on Thursday, setting up a potential clash with Republicans who will have more influence in the new Senate.
Stocks racked up a fourth straight week of gains on Thursday, as investors expected optimism about the economic recovery to support equities through year-end.
Internet calling service Skype said its system was still down for around 20 percent of users on the second day of its biggest outage in more than three years, although service was gradually recovering.
President Barack Obama will again nominate economist Peter Diamond to the Federal Reserve Board next year, a White House official said on Thursday, setting up a potential clash with Republicans, who will have more influence in the new Senate.
Demand for a range of long-lasting U.S. manufactured goods surged in November and consumer spending rose for a fifth straight month, cementing views of a solid economic growth pace in the fourth quarter.
The Gold Price in Euros has risen more than 38% so far in 2010. The Gold Price in Swiss Francs has also hit record highs. It looks as if the SNB will have to revoke its decision to stop intervening, says Steven Barrow, chief currency strategist at Standard Bank in London today.
Investors kept an upbeat outlook in light preholiday trade on Thursday as data buttressed views of steady economic growth, with stocks on track for a fourth straight week of gains.
In the latest blow to the euro zone, Fitch Ratings on Thursday downgraded Portugal, citing burgeoning debt levels and a tough financing environment.
Viacom Inc has sold Harmonix Music Systems, the developer behind the Rock Band franchise, to the investment firm Columbus Nova and gained up to an estimated $200 million in the deal, ending a failed foray into the video game business.
A group of shareholders in Blockbuster Inc are considering an investment in the bankrupt video chain and are seeking information about its push into digital, according to court documents.
Ireland's government said on Thursday it would pump 3.7 billion euros into Allied Irish Banks
setting it on course for nearly 93 percent ownership of what was once the country's largest publicly traded lender.Stocks were little changed on Thursday despite a preholiday flurry of data that reinforced views of a solid economic growth as Wall Street sought to notch a fourth straight week of gains.
New U.S. claims for jobless benefits dipped last week and consumer spending increased in November for a fifth straight month, reinforcing views of a solid economic growth pace in the fourth quarter.
Confidence among consumers rose in December to its highest level since June, on improved job prospects and larger discounts from retailers, a survey released on Thursday showed.
German retailers expect the strong growth in sales during the Christmas shopping season to be extended into 2011 because underlying conditions are good, a leader of the HDE retail industry association said on Thursday.
First-time claims for jobless benefits barely budged last week, government data showed on Thursday, suggesting the labor market is healing too slowly to drag down the unemployment rate.
Consumer spending rose for a fifth straight month in November and incomes rose slightly more than expected, government data showed on Thursday, reinforcing views of a solid economic growth pace in the fourth quarter.
Stocks opened slightly lower on Thursday following a pre-holiday flurry of economic data as Wall Street approached a fourth straight week of gains.
Shares in Allied Irish Banks fell 10 percent on Thursday ahead of a state capital injection that will see the effective nationalization of what was once Ireland's largest listed lender.
Stock index futures were little changed in light volume on Thursday ahead of a busy day for economic data as Wall Street approached a fourth straight week of gains.
Stock index futures were little changed in light volume on Thursday ahead of a busy day for economic data as Wall Street approached a fourth straight week of gains.
