U.S. jobless claims rise; fourth-quarter productivity revised down

WASHINGTON - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week and nonfarm productivity contracted more sharply than previously thought in the fourth quarter.

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Greece cannot rely on ECB to dodge funding crunch

NICOSIA - Greece cannot rely on the European Central Bank to raise a limit on Athens' issuance of short-term debt, ECB President Mario Draghi suggested on Thursday.

9:05am EST

Citigroup's past losses may have helped it win Costco business

NEW YORK - Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: it lost so much money during the financial crisis that it has billions of dollars of tax credits.

2:03am EST

China signals 'new normal' with higher spending, lower growth target

BEIJING - China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signaled that the lowest rate of growth in a quarter of a century is the "new normal" for the world's No.2 economy. | Video

8:04am EST

Brent tops $61 as Iraq, Libya offset U.S. stockpile jump

LONDON - Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on tensions in Iraq and Libya.

7:11am EST

Kleiner ex-partner Pao to testify in own Silicon Valley bias case

SAN FRANCISCO - Former venture capitalist Ellen Pao could take the stand as early as Thursday in her gender discrimination lawsuit against her previous employer Kleiner Perkins Caufield & Byers, giving testimony that will likely make or break the case.

6:01am EST


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