U.S. mortgage application demand slid to the lowest level since mid-March, driven by a drop in requests to refinance loans even as borrowing costs dipped toward record lows last week, the Mortgage Bankers Association said on Wednesday.
General Motors Corp stock plunged more than 22 percent to a 76-year low on Tuesday, a day after GM's top executives dumped their shares as the automaker heads toward a bankruptcy or a restructuring that would all but wipe out existing shareholders.
U.S. employers cut a smaller-than-expected 539,000 jobs in April, the smallest amount since October, according to government data on Friday that hinted at some improvement in the labor market and the recession-hit economy.
Warner Music Group on Thursday posted a wider quarter loss as recorded music sales declined more than expected.
Planned layoffs at U.S. firms fell for a third consecutive month in April, hitting their lowest since last October and providing yet another sign that the world's largest economy may be bottoming out.
Legg Mason Inc's quarterly loss widened as it pared toxic assets from its books and cut its quarterly dividend 88 percent to 3 cents per share, sending the money manager's shares down 14 percent.
Ford Motor Co on Friday posted a 31.6 percent decline in U.S. sales for April as the economic downturn continued to pressure the industry.
Mexico started a five-day shutdown of most offices and businesses on Friday to try to halt the spread of a deadly flu strain, and officials said they were encouraged by signs the number of new cases was dropping.
The number of U.S. workers filing new claims for unemployment aid fell unexpectedly last week, suggesting the pace of layoffs was easing, even as benefit rolls in mid-April swelled to another record high.
The number of U.S. workers filing new claims for unemployment aid fell unexpectedly last week, suggesting the pace of layoffs was easing, even as benefit rolls in mid-April swelled to another record high.
The number of U.S. workers filing new claims for unemployment aid fell unexpectedly last week, suggesting the pace of layoffs was easing, even as benefit rolls in mid-April swelled to another record high.
The number of U.S. workers filing new claims for unemployment benefits fell last week, but the weak job market continued to pressure incomes and spending in March, government data showed on Thursday.
The number of U.S. workers filing new claims for jobless aid unexpectedly declined by 14,000 last week, government data showed on Thursday, while continued claims notched a fresh record high as the recession chilled the labor market.
Asian stocks dropped for a second day on Tuesday and Japanese shares hit a one-month low, with investors fretting about the potential economic fallout if the swine virus outbreak becomes a full-fledged pandemic and the results of U.S. bank stress tests.
Websites displaying child pornography fell by almost 10 percent in 2008, but most of those images were still being peddled by commercial sites, an Internet watchdog said on Wednesday.
Airline shares around the world largely took another hit on Tuesday on fears of steep falls in business and leisure traffic because of the swine flu outbreak.
NetApp shares came under pressure on Tueday after Bank of America/Merrill Lynch analyst Wamsi Mohan cut his rating on the stock to Neutral from Buy.
Wall Street was set for a drop of about 1 percent at the open on Tuesday as a report that Bank of America Corp and Citigroup Inc may need more capital revived fears about the stability of the struggling financial sector.
Global airlines were warned on Tuesday of significant falls in traffic due to the outbreak of swine flu, and their shares took another hit on fears that the fallout could be at least as bad as that of the 2003 SARS crisis.
World stocks and oil fell for a second day on Tuesday and investors took refuge in the yen as a report that major U.S. banks may need more capital hit markets already dropping on fears of a swine flu pandemic.
Asian stocks slipped for a second day on Tuesday on worries about the potential economic fallout from the swine virus outbreak, even as investor reaction remained limited due to uncertainty about the full impact.
U.S. stocks fell on Monday on concerns the spreading of a new strain of flu could dampen optimism about the economy, overshadowing a sweeping overhaul of General Motors Corp and gains in biotechnology stocks.
