U.S. trade gaps narrows unexpectedly

The U.S. trade gap narrowed unexpectedly in August as oil imports plunged and exports grew for the fourth consecutive month, a U.S. Commerce Department […]

Jobless claims hit 9-month low, retail sales rise

The number of U.S. workers filing new claims for jobless insurance hit a nine-month low last week and retailers reported their first monthly sales […]

U.S. banks slow to absorb commercial property losses: report

A U.S. Federal Reserve report found that banks in the country are slow to take losses on their commercial real estate loans that have […]

Fed’s Dudley says soft economy warrants low rates

A tepid economic recovery should allow the U.S. Federal Reserve to keep interest rates at rock-bottom lows for a prolonged period, New York Federal […]

Fidelity Magellan dials up on growth, bounces back

In the 1980s, when stocks mostly surged, a few mutual fund managers became the equivalent of rock stars.
Tops among them: Peter Lynch, who […]

Data point to slow economic rebound

The economy is having growing pains.
Discouraging new reports on unemployment and manufacturing Thursday reinforced worries that job losses and meager factory output […]

CIT board approves restructuring plan: source

CIT Group Inc’s board approved a restructuring plan on Thursday, clearing the way for the commercial lender to launch a large debt exchange offer […]

UK panel sets Kraft November 9 deadline for Cadbury bid

Kraft Foods Inc has until November 9 to make an offer for British confectioner Cadbury Plc or must walk away for six months, Britain’s […]