Dow Drops 112.61 Points 6/01

The energy sector led a slide in the broader stock market following BP's failure to stanch the flow of oil spilling into the Gulf...

US Unemployment Benefit Applications Rise To 360K

The number of people applying for U.S. unemployment benefits rose 16,000 last week to a seasonally adjusted 360,000, although the level remains consistent with...

Dow Average Erases 2009 Loss as Bank of America Rallies; Treasuries Climb

U.S. stocks advanced, erasing the Dow Jones Industrial Average’s 2009 loss, as Bank of America Corp. rallied on higher profit estimates and investors bought...

GM Exec Says 1,600 More Jobs Will Be Cut

About 1,600 white-collar workers at General Motors Corp. will lose their jobs in the next few days as the troubled automaker accelerates cost cuts...

Toyota Announces Recalls Involving More Than 1.5 Million Vehicles

Toyota on Wednesday announced recalls involving more than 1.5 million vehicles worldwide for issues that could result in fuel leakage, the company said. One recall...

US Gas Prices Drop 8 Cents Over Past 2 Weeks

The average U.S. price of a gallon of gasoline has fallen about 8 cents over the past two weeks. The Lundberg Survey of gas prices...

AT&T Withdraws FCC Application For Big Merger With T-Mobile

AT&T announced on Thursday that it withdrew its application with the Federal Communications Commission (FCC) to buy T-Mobile, but the company said it had...

Verizon Wireless 4G Network Experiencing Major Outage

Verizon Wireless customers across different time zones are reporting trouble accessing the carrier's 4G network. For the past several hours, users on the Verizon Wireless...

US Stocks Retreat on Recession Concern

U.S. stocks fell for the first time in three days after Federal Reserve Chairman Ben S. Bernanke acknowledged that the nation may be in...

Android Passes Blackberry, & Is Now #1 Smartphone In U.S.

Android is now the most-used smartphone operating system in the United States -- a stunning race to the top from a platform that didn't...

Toyota Suspends Sales Of Lexus GX 460

Toyota asked dealers to temporarily suspend sales of the new 2010 Lexus GX 460 after Consumer Reports issued a safety warning on the SUV. "We...

Facebook Shares Plunge Again at Open

The selloff in Facebook shares deepened on Tuesday, as investors continued to question the stock's valuation after Reuters reported that underwriters cut their revenue...

Most U.S. Stocks Rise

Most U.S. stocks rose, sending the Dow Jones Industrial Average up for a third day, as better-than- estimated earnings at Apple Inc., Morgan Stanley...

U.S. Stocks Advance

U.S. stocks gained, snapping a three-day drop, as earnings topped estimates at Merck & Co. and Schering-Plough Corp. and Treasury Secretary Timothy Geithner said...

European Central Banks Cut interest Rates

The European Central Bank has cut its key rate by half a percentage point to 3.25 percent, joining the Bank of England, Swiss and...

RECESSION: November Job Losses Steepest Since 1974

Employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening...

Hershy Friedman Of Agri-Star Takes Over Shaya Boymelgreen’s Shares In Azorim

Canadian Jewish property developer Hershy Friedman has rescued Mizrahi Tefahot Bank  from the Azorim Investment, Development and Construction Ltd.  swamp. Friedman will buy Shaya...

Most U.S. Stocks Gain

Most U.S. stocks gained as an advance in energy shares and Citigroup Inc.’s agreement to allow some homeowners to avoid foreclosure helped the market...

SEC Examines Bear Stearns’ Troubles

The Securities and Exchange Commission is examining the near-collapse of two Bear Stearns hedge funds that made bad bets on the mortgage market, a...

U.S. Markets Wrap: Stocks Erase Rally, Bonds Drop, Dollar Slips

U.S. stocks fell for the first time in five days as a rally in financial companies was snuffed out by concern over rising credit-card...

U.S. Stocks Fall as Swine Flu Drags Down Travel, Hotel Shares

U.S. stocks retreated as concern the swine flu outbreak will hurt travel, energy and hotel companies overshadowed gains in health-care shares and General Motors...

Obama Mortgage Modification Program Falls Short Of Goals

The Obama administration's mortgage-modification program is not keeping pace with the deluge of foreclosures hitting the market, a government watchdog found. Only 168,708 homeowners have...

US Employers Add 165K Jobs; Rate Falls To 7.5 Percent

U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job...

Toyota Offers Services To N.Y. Owners Of Recalled Vehicles

Attorney General Andrew Cuomo has announced special accommodations for drivers whose Toyota vehicles will need to be repaired because of the recalls. Under the agreement...

Facing Backlash, AIG Won’t Join Lawsuit Against US

Facing a certain backlash from Washington and beyond, American International Group won't be joining a $25 billion shareholder lawsuit against the U.S. government over...

US Home Prices Rise 10.9 Percent, Most Since 2006

U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are...

Bank Hapoalim Renews Talks to Buy Russian Bank

According to Globes, Bank Hapoalim is in advanced talks for the acquisition of a 55% controlling stake in a bank in Russia. Bank Hapoalim will...

U.S. Stocks Rise as Confidence Boosts Banks, Consumer Shares

U.S. stocks jumped, sending benchmark indexes higher for the first time in five sessions, as the biggest gain in consumer confidence since 2003 spurred...

Yahoo Buying Tumblr For $1.1 Billion, Vows Not To Screw It Up

Yahoo Inc said it is acquiring blogging service Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa Mayer to revitalize the...

Gas Prices Are Highest Ever For This Time Of Year

Gasoline prices have never been higher this time of the year. At $3.53 a gallon, prices are already up 25 cents since Jan. 1. And...

Borough Park Takes It To The Bank: $2.4 Billion!

Crains New York reports: The bank branch-building boom is long over in most parts of the city-but not in Borough Park, Brooklyn, one of...

Dow Jumps 150 Points 5/12/10

Stocks had their best three-day run in 10 months Wednesday as Spain got the market off to a good start, promising tough austerity measures,...

GM: ‘Substantial Doubt’ About Survival

General Motors Corp. said in a government filing Thursday that its accounting firm has found there is "substantial doubt" about the automaker's ability to...

Fed Commits $800 Billion More to Unfreeze Lending

The U.S. Federal Reserve, in another massive life-support intervention for the U.S. financial system, on Tuesday announced a $600 billion program to buy mortgage-related...

Williamsburg: Domino Sugar Factory Site In Brooklyn May Be Sold For More Than $160...

A potential blockbuster deal would sell the highly desired 12-acre Domino Sugar Factory site to DUMBO’s Two Trees Management Co., the Daily News has...