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New jobless claims fall unexpectedly to 457K

The tally of newly laid-off workers seeking unemployment benefits fell unexpectedly for the fifth straight week, a hopeful sign that the job market is slowly improving.

Started in economic figures • 3 minutes ago • 0 responses
Tags: united states, jobless claims
Comcast to buy controlling stake in NBC Universal

Comcast Corp. announced Thursday it plans to buy a majority stake in NBC Universal for $13.75 billion, giving the nation's largest cable TV operator control of the Peacock network, an array of cable...

Started in high tech news • 46 minutes ago • 0 responses
Tags: united states, comcast nbc
Early retail reports suggest sluggish November

Many merchants suffered through November as a modestly positive start to the holiday shopping season wasn't strong enough to offset weak spending the rest of the month.

Started in economic figures • 7 minutes ago • 0 responses
Tags: united states, retail sales
Productivity up at 8.1 percent rate in 3Q

Productivity surged in the third quarter by the largest amount in six years while labor costs fell. While that indicates inflation is remaining under control, it also signals that workers' wages are...

Started in economic figures • 5 minutes ago • 0 responses
Tags: united states, productivity
Lifting of pay restraints to ease BofA CEO search

Bank of America Corp. has been having a tough time finding a new CEO willing to accept the restrictions that came as a condition of bailout funds. But recruitment is sure to be easier now that the...

Started in latest business news • 1 response • Last response by cotton0821 (560) • 9 hours ago
Tags: united states, bank of america tarp repayment, united state, bank of america, tarp money repayment
FILE - In this Nov. 25, 2008 file photo, pedestrians walk through New York's Times Square under a glowing Bank of America marquee. Bank of America on Wednesday, Dec. 2, 2009, issued a statement saying it would pay back the $45 billion in government loans it received during the credit crisis last year and after the purchase of Merrill Lynch & Co. earlier this year. (AP Photo/Craig Ruttle, File)
Toll Bros. loses $111 million in Q4, but sees hope

Toll Brothers Inc. lost $111.4 million in the fiscal fourth quarter, but the luxury homebuilder is seeing signs of a turnaround in the housing market.

Started in latest business news • 16 minutes ago • 0 responses
Tags: united states, earns toll brothers
Stock futures point to higher opening on BofA news

Wall Street is looking at a stronger open Thursday on news that Bank of America Corp. will repay its $45 billion in government bailout money.

Started in stock market reports • 28 minutes ago • 0 responses
Tags: united states, wall street
American, partners offer $1.1B to Japan Airlines

American Airlines upped the ante in the tug-of-war over Japan Airlines, vowing Thursday to lead a $1.1 billion investment in the struggling carrier to prevent it from falling into the orbit of rival...

Started in latest business news • 6 hours ago • 0 responses
Tags: as airlines jal
Up for second term, Fed chief heads to Congress

He angered Congress and the public for bailing out Wall Street. He failed to detect early signs of the housing collapse. And now, he may be helping feed another speculative bubble.

Started in latest business news • 8 hours ago • 0 responses
Tags: united states, bernanke
Oil rises above $77 despite weak US demand signs

Oil prices rose above $77 a barrel Thursday as the effects of a weak dollar offset the news that U.S. crude and gasoline supplies have jumped, suggesting demand remains sluggish.

Started in latest business news • 1 response • Last response by beckish (665) • 35 minutes ago
Tags: oil prices, gas, economy
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