Shares of CIT Group Inc sank 20 percent on Tuesday after the troubled lender delayed filing its second-quarter report with regulators and again warned it may have to file for bankruptcy.
Canadian housing starts fell unexpectedly in July, dropping 4.1 percent from June and breaking a two-month run of gains, largely because of a drop in construction of multifamily dwellings.
The value of U.S. homes fell by 12.1 percent in the second quarter from a year earlier, but the rate of decline shrank for the first time since prices began to fall in 2007, real estate website Zillow.com said on Tuesday.
The value of U.S. homes fell by 12.1 percent in the second quarter from a year earlier, but the rate of decline shrank for the first time since prices began to fall in 2007, real estate website Zillow.com said on Tuesday.
The value of U.S. homes fell by 12.1 percent in the second quarter from a year earlier, but the rate of decline shrank for the first time since prices began to fall in 2007, real estate website Zillow.com said on Tuesday.
Oil prices dipped toward $70 a barrel on Monday tracking modest Wall Street losses on the eve of a meeting of the U.S. Federal Reserve, and after OPEC's president said current prices are not bad.
Former U.S. Treasury Secretary Henry Paulson had frequent conversations with Goldman Sachs Group Inc's chief executive during last fall's financial crisis, raising questions about his ties to his former firm, according to a New York Times report.
The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, providing the clearest indication yet that the economy was turning around.
U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to a government report on Friday that provided the clearest evidence yet that the economy was turning around.
U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to data on Friday that provided the clearest evidence yet that the economy was turning around.
The number of U.S. workers submitting new claims for jobless benefits fell sharply last week, fanning hopes the fragile labor market was on the mend and that the broader economy was stabilizing.
The number of U.S. workers filing new claims for jobless benefits dropped more sharply-than-expected last week, a government report showed on Thursday, boosting views that the labor market and the economy were stabilizing.
U.S. consumer spending rose slightly more than expected in June, a government report showed on Tuesday, likely pushed up by higher gasoline prices, and incomes saw their biggest drop in four-and-a-half years.
General Motors Co said on Monday its U.S. auto sales fell 19.4 percent in July from a year earlier, but retail sales rose from the month before for a fifth consecutive month, supported by the U.S. government's Cash for Clunkers incentives.
British Airways has cut operating costs by around 6.6 percent since last October as it fights to slim down during the downturn, while its debt-pile also fell slightly to 2.3 billion pounds ($3.79 billion).
Jonathan Spicer and Daisy KuAggressive cost cutting helped NYSE Euronext beat expectations for a second straight quarter on Thursday, although $442 million in one-time charges forced the transatlantic exchange operator to record a loss.
Jonathan Spicer and Daisy KuAggressive cost cutting helped NYSE Euronext beat earnings expectations for a second straight quarter Thursday, and the company expects staff reductions to yield more savings.
Outbreaks of the H1N1 flu among children attending U.S. summer camps presage a surge in cases this fall as students return to school, an official at the U.S. Centers for Disease Control and Prevention warned on Wednesday.
Exxon Mobil Corp reported a 66 percent drop in quarterly profit, falling short of Wall Street expectations, as natural gas and crude oil prices slid from a year ago and the global recession hurt demand for fuel.
Visa Inc reported better-than-expected quarterly earnings on Wednesday, as the world's largest credit card network cut expenses and credit-strapped consumers used their debit cards more.
Visa Inc reported better-than-expected quarterly earnings on Wednesday, as the world's largest credit card network cut expenses and credit-strapped consumers used their debit cards more.
Corrects headline to show the company reported its fiscal third quarter results, not second quarter results
