U.S. jobless claims data point to firming labor market

WASHINGTON - The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting a sharp slowdown in job growth in August was an aberration.

Recent Business News

A year later, most mega IPOs are mega laggards

NEW YORK - If history is any guide, investors who miss out on getting a slice of Alibaba's massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange.

Tech, Media 3:01pm EDT

Citigroup takes Argentine bond payment case to U.S. appeals court

NEW YORK - Citigroup argued before a U.S. appeals court on Thursday it faces "a serious and imminent hazard" if it cannot process another interest payment by Argentina on $8.4 billion in bonds the country issued under local laws following its 2002 default.

3:19pm EDT

Former AT&T partners petition FCC to block DirecTV bid

WASHINGTON - More than ninety former business partners of AT&T Inc are demanding the Federal Communications Commision block the wireless carrier's $48.5 billion bid for DirecTV, saying the company engaged in anti-competitive behavior and violated fiduciary duty.

U.S. household net worth rises to record $81.5 trillion

WASHINGTON - The net worth of Americans hit a record high in the second quarter as the stock market climbed, while household debt rose at its fastest pace since 2007 in a sign of growing confidence among U.S. consumers.

1:40pm EDT

Toyota recalling 20,000 late-model vehicles on potential fuel leak

DETROIT - Toyota Motor Corp said on Thursday it will recall about 20,000 vehicles worldwide for possible fuel leaks.

1:03pm EDT


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