NEW YORK - U.S. stocks tumbled on Thursday, with the Dow and the S&P 500 suffering their worst day since early February, on rising concerns over Ukraine and Russia and new signs of a slowdown in China.
- Bank of America back in court over $2.1 billion fraud penalties
- Target says it declined to act on early alert of cyber breach
- U.S. retail sales rebound from winter chill, jobless claims fall
- Shell cuts spending in U.S. to lower shale exposure
- Courts will decide on Fannie, Freddie shareholders: U.S. lawmaker
Recent Business News
WASHINGTON - Stanley Fischer, President Barack Obama's nominee to be No. 2 at the U.S. Federal Reserve, on Thursday defended his ties to Citigroup, saying he would have been ill-prepared for his last central banking job without his experience at the megabank.
- Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas, two people familiar with the matter said on Thursday.
HOUSTON - The U.S. government lifted a ban on Thursday that excluded BP from new federal contracts, after the British oil major filed a lawsuit saying it was being unfairly penalized for its 2010 Gulf of Mexico spill.
- Nutritional products company Herbalife Ltd , which is being investigated by the Federal Trade Commission, said it postponed its annual shareholders' meeting to April 29 to continue discussions with Carl Icahn about new board nominees.
The state of the US job market is essentially unchanged. On Wednesday morning, the most recent Bureau of Labor Statistics Job Openings and Labor Turnover (JOLTs) data showed that the rate of hiring, turnover, and the number of open jobs was largely unchanged.
- Charting the Malaysian airliner disappearance
- The worrying (or not) rise of margin debt
- Manufacturing and consumer spending edge up
- Is China’s red-hot housing market finally beginning to cool down?
- What we know about income inequaliy: America’s disappearing ‘middle-skill’ jobs and falling wages
- The end of the boom in emerging markets reserves