By Haitham Haddadin NEW YORK (Reuters) – US crude oil stocks fell unexpectedly last week, their first drop in 10 weeks, as imports decreased, the federal Energy Information Administration said in weekly data released Wednesday.
By Leah Schnurr NEW YORK, May 13 (Reuters) – US stocks tumbled on Wednesday as worse-than-expected retail sales hurt shares in the sector, including Wal-Mart Stores Inc, and dampened recent enthusiasm over the economic outlook.
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Morgan Stanley and Wells Fargo sold more than $15 billion of shares and bonds, as the two companies rushed to the head of the line of banks looking to raise funds following government stress tests.
By JACK HEALY The nation’s retailers endured another tough month in April, but there were signs that at least some consumers were coming out of hiding.
Angelica Gomez, a bookkeeper who has been out of work for five months, left, gets information from the unemployment insurance phone bank at the Employment Development Department office in Sacramento, Calif.
WASHINGTON, May 8 (Reuters) – The Federal Deposit Insurance Corp said on Friday it will open up an additional East Coast office to deal with failed banks.
By Jim Finkle BOSTON, May 8 (Reuters) – Sun Microsystems Inc, a hardware maker that Oracle Corp is buying for more than $7 billion, may have broken a US law prohibiting companies from bribing foreign officials, Sun said in a regulatory filing on Friday …
Citigroup Inc (CN) and Bank of America Corp (BAC.N) shares rallied in premarket trading ahead of the release of “stress test” results that will force them and other top banks to raise tens of billions of dollars in capital.
By Allison Abell Schwartz and Cotten Timberlake May 7 (Bloomberg) — Wal-Mart Stores Inc. and Aeropostale Inc. reported April sales that exceeded some predictions as the Easter holiday, warmer weather and spring clearance promotions spurred spending.