After an audit conducted by the New York State Comptroller on the MTA, authorities discovered that overtime abuses padding pensions has cost the city and taxpayers.
Gold prices fell Thursday, their third consecutive daily decline, as investors facing margin calls sold the yellow metal to raise cash.
Kohl's Corp., the fourth-largest U.S. department store chain, said Thursday its third quarter profit rose 20 percent, helped by the launch of the exclusive brands such as lines by Jennifer Lopez and Marc Anthony.
Gold fell on Thursday, on track for its biggest one-day loss in two weeks, as fearsabout political turmoil in Italy and a deepening euro zone debt crisis prompted investors to raise cash by liquidating somepositions in the bullion market.
Shares of Cisco Systems, the world’s biggest supplier of Internet equipment, soared nearly seven percent Thursday after the company reported first-quarter results that slightly beat expectations.
Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, charged with saving the country from default, bankruptcy and an exit from the euro zone.
Two tiny Walmart.com stores are making Southern California malls their home for the holidays, launching the latest salvo in the war for online retail dominance.
The new interim government will be sworn in at 12:00 London time on Friday.
Jefferies said Adobe Systems Inc. (NASDAQ: ADBE) used its Analyst Day to outline major changes to its business model, product portfolio and technology focus.
Tokyo's stock exchange warned scandal-hit Olympus Corp on Thursday it will be delisted after 62 years as a publicly traded company if it fails to report earnings by December 14, another blow to the Japanese camera-maker's chances of survival.
Former MF Global customers like Koch Industries, who pulled billions of dollars out of the stricken broker's accounts weeks or months before its collapse, have counted their blessings in recent days.
Japan's scandal-hit Olympus Corp is likely to miss a Monday deadline for reporting its first-half earnings, sources with knowledge of the matter said, a failure that would bring the 92-year-old firm a step closer to delisting.
Alabama's Jefferson County filed for bankruptcy court protection on Wednesday in the biggest municipal bankruptcy in U.S. history.
The National Weather Service has dubbed the storm currently pounding Alaska as life-threatening and epic. It is a storm of historic intensity, measuring twice the size of Texas and listed as having Category 3 hurricane force winds.
American Express Co. is launching a $100 million fund as a new multi-year program designed to help accelerate the company's digital transformation, as it tries to add consumers in new geographies and attract younger generations.
Cisco Systems, the world’s biggest supplier of Internet equipment, reported first-quarter results that slightly beat expectations because of new sales to telecommunications carriers.
General Motors Co posted a lower third-quarter profit on losses in Europe and offered a disappointing outlook that raised doubts about the speed of its turnaround two years after emerging from bankruptcy.
The Emergency Alert System will sound off at 2 p.m. EST on Nov. 9, interrupting programming in local, cable, and satellite television for thirty seconds.
General Growth Properties, the large mall operator that exited bankruptcy protection last year, reported core funds from operation (FFO), which measures its ability to generate cash, of $224.2 million, or 23 cents per share, up slightly from FFO of $223.2 million in 2010.
South African stocks posted their biggest one-day loss in five weeks on Wednesday, dropping 2.3 percent as fears about the outlook for Italy's debt crisis pushed investors to sell off recent gainers such as miners and banks.
Shares of Cisco Systems shares fell 2.6 percent in early Wednesday trading to $17.84 as nervous investors await the first-quarter earnings announcement scheduled after the close.
Losses on securities investments at the core of a scandal rocking Japan's Olympus Corp may have once exceeded $1 billion, the Nikkei newspaper said on Wednesday, as the 92-year-old firm's share price plunged due to doubts about its future.