MARKETS / FINANCE

A surge in productivity slowed in the first quarter, hinting that employers may soon need to step up hiring after months of squeezing more output from a smaller pool of workers.

The Federal Reserve is closely monitoring financial turbulence in Europe as it could have repercussions for the United States and its markets, policymakers at the central bank said on Thursday.

The United States was unprepared for the 2007-2008 financial crisis, underestimated its seriousness and lagged in coming to grips with the damage, past and current Treasury chiefs said on Thursday.

Steven's original résumé did little to present him for his career of choice-historian or history teacher-and instead simply presented descriptions of tasks performed.

Warner Music Group posted a narrower-than-expected quarterly loss on Thursday as growth of digital sales helped compensate for declining CD revenue, sending its shares up nearly 10 percent.

A surge in U.S. productivity slowed in the first quarter, hinting that employers may soon need to step up hiring after months of squeezing more output from a small pool of workers.

Yahoo Inc will spend up to $85 million on the second phase of its $100 million ad campaign, as the Internet portal seeks to revive its growth and reconnect with consumers.

Greek lawmakers approved the government's 30 billion euro ($40 billion) austerity bill in a vote in parliament on Thursday, paving the way for a record bailout from the European Union and International Monetary Fund.

The number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, government data showed on Thursday, implying a measured job market recovery.

U.S. stocks extended losses on Thursday afternoon, as the S&P 500 and Nasdaq both fell more than 3 percent.

We have been informed by sources in the US Army Corps of Engineers, Federal Emergency Management Agency (FEMA), and Florida Department of Environmental Protection that the Obama White House and British Petroleum (BP), which pumped $71,000 into Barack Obama's 2008 presidential campaign -- more than John McCain or Hillary Clinton, are covering up the magnitude of the volcanic-level oil disaster in the Gulf of Mexico and working together to limit BP's liability for damage caused by what can be call...

The Federal Reserve is closely watching for signs the European sovereign debt crisis could derail a fragile U.S. economic recovery, a top Fed official said on Thursday.

The Greek government's 30 billion euro ($40.25 billion) austerity bill passed a preliminary test in parliament before a final vote later on Thursday.

Former Treasury Secretary Henry Paulson admitted on Thursday the United States was ill-prepared for the financial crisis that struck in 2008 and said he had not foreseen the depth of mortgage-related problems.

Stocks fell on Thursday after weaker-than-expected retail sales and as the European Central Bank stopped short of taking any additional measures to keep a debt crisis from spreading in the euro zone.

European sovereign debt woes are a risk to the improving U.S. economic outlook, St. Louis Federal Reserve Bank President James Bullard said on Thursday.

Warner Music Group, the world's third largest music company, posted a narrower-than-expected quarterly loss on Thursday as growth in digital services overshadowed the decline in music CD sales.

U.S. bank lending remains tight but there are reasons for optimism as economic activity has continued to strengthen and banks may be changing their attitudes toward lending, Federal Reserve Chairman Ben Bernanke said on Thursday.

The Federal Reserve is considering revealing more supervisory information, as public disclosure was an important part of the success of last year's bank stress tests, Fed Chairman Ben Bernanke said on Thursday.

Steel prices are set to suffer a setback in the coming days as China is bracing fro a slowdown in realty sector and the American Iron & Steel Industries reported a rise of US domestic raw steel production, which was 1.754 million tonnes while the capability utilization rate was 72.5% in the week ended on May 1.

The worst part of the world's current financial crisis is still on its way. The enormous debt levels present in our financial system is central to this crisis. This huge debt levels could cause the world's monetary system to collapse, starting with the weaker currencies and quickly making its way to the major ones. Day by day the premier signal (gold price) of this collapse is getting clearer and should encourage more people to run for cover.

U.S. stocks were lower on Thursday after weaker-than-expected retail sales and as the European Central Bank failed to offer additional measures to stop a debt crisis from engulfing the euro zone.

The Greek parliament prepared to adopt a harsh austerity plan in the face of violent unrest, as European Central Bank inaction disappointed markets fearful a debt crisis will engulf the euro zone.

U.S. non-farm productivity growth slowed sharply in the first quarter, government data showed on Thursday, suggesting businesses will have to raise employment to boost output.

U.S. productivity grew solidly in the first quarter, although not as fast as in previous periods, and data also showed the number of U.S. workers filing claims for jobless aid fell slightly last week.

The European Central Bank did not discuss buying government bonds in its policy meeting on Thursday, its head said, and he gave no indication the bank planned to introduce additional measures to boost lending.

Private chats between some Facebook users were briefly viewable by other users on Wednesday, an embarrassing technical glitch for a company facing growing criticism over sloppy privacy protection.

The Greek parliament prepared to adopt a harsh austerity plan on Thursday in the face of violent unrest, as markets looked to the European Central Bank to prevent a debt crisis engulfing the euro zone.

Failure to give regulators enough legal power and the rapid growth of a shadow banking system were behind the eruption of the financial crisis, U.S. Treasury Secretary Timothy Geithner will tell an official inquiry on Thursday.