NEW YORK (AP) - Stock futures rebounded strongly Thursday on better-than-expected employment numbers that will likely provide some optimism to millions of U.S. job seekers.
The number of Americans seeking unemployment aid plummeted last week to seasonally adjusted 339,000, the Labor Department said
By PETER SVENSSONAP Technology Writer
NEW YORK (AP) - Japanese cellphone company Softbank Corp. was in talks Thursday about taking a substantial ownership stake in struggling U.S. carrier Sprint Nextel Corp.
Sprint, the third-largest cellphone company in the U.S., said the deal could be big
By NICHOLAS PAPHITISAssociated Press
ATHENS, Greece (AP) - Unemployment in Greece hit a record high of 25.1 percent in July as the country's financial crisis continues to exact its heavy toll, official figures showed Thursday.
All indications are that unemployment in Greece will continue to
By DAVID McHUGH and DAVID RISINGAssociated Press
BERLIN (AP) - Europe's economic outlook darkened further Thursday when top economists slashed their growth forecasts for Germany and warned that public support for more financial aid to struggling countries was evaporating.
In a report for
By ELAINE KURTENBACHAP Business Writer
TOKYO (AP) - U.S. Treasury Secretary Timothy Geithner said Thursday that financial reforms and other actions in response to the global crisis are yielding results, helping the U.S. economy to grow at a pace better than there was reason to expect.
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) - Toyota executives were unfazed Thursday by the overnight recall of 7.43 million vehicles over faulty power window switches that can cause fires, calling it a sign the Japanese company had learned from its mistakes and was becoming quicker and more
By CIARAN GILES and PAN PYLASAssociated Press
MADRID (AP) - The Spanish government's dilemma over whether to request a European bailout has become more acute following a downgrade of the cash-strapped country's credit rating.
Standard & Poor's late Wednesday cut its rating on
PARIS (AP) - Big box retailer Carrefour SA says revenue was up modestly in third quarter, driven by strong sales in its convenience stores and booming regions like Asia and Latin America.
The world's second-largest retailer after Wal-Mart said Thursday that sales rose 2.1 percent to €22.6
By The Associated Press
Oil prices rose Thursday as tension between Turkey and Syria raised concerns that crude oil supplies from the Middle East could be disrupted.
Benchmark oil gained 82 cents to close at $92.07 per barrel. It has risen 2.4 percent so far this week.
On Thursday, Turkey
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Asian stock markets rebounded Friday after the number of Americans applying for jobless benefits plummeted unexpectedly, suggesting the recovery in the world's largest economy might be gaining traction.
Weekly applications for unemployment