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  • Gains in financials, material stocks lift market

    Investors showed a greater appetite for risk Thursday, putting money back into banking and industrial stocks as well as commodities.

  • Lawyer: Madoff won't appeal 150-year sentence
    Lawyer: Madoff won't appeal 150-year sentence

    Disgraced financier Bernard Madoff will not appeal his 150-year sentence for a fraud that unraveled overnight last December when Madoff confessed to his sons that nearly $65 billion he promised investors was safe was actually only worth a few hundred million dollars.

  • SEC to call for Calif. IOUs treated as securities

    The recipients of billions of dollars in IOUs being issued by California soon may have a regulated market where they could sell them.

  • Weak retail sales in June raise worries
    Weak retail sales in June raise worries

    Rain and escalating job worries dampened shoppers' appetite for summer staples like shorts and dresses more than expected in June, increasing concerns about the back-to-school shopping season.

  • 565K new jobless claims, lowest level since Jan.
    565K new jobless claims, lowest level since Jan.

    The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs.

  • Citigroup shuffles executives, former CFO leaving
    Citigroup shuffles executives, former CFO leaving

    Citigroup Inc. shuffled its top management again Thursday, naming its third chief financial officer of the year and bringing in a new head of its Citibank division as it returns its focus to traditional banking.

  • GM sale cleared, path opens to exit Chapter 11
    GM sale cleared, path opens to exit Chapter 11

    The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market.

  • Sprint Nextel signs networking deal with Ericsson
    Sprint Nextel signs networking deal with Ericsson

    Sprint Nextel Corp. on Thursday announced it will transfer operation of its wireless and wireline networks to Swedish telecommunications equipment maker LM Ericsson.

  • Oil wavers near $60 as consumers scale back

    Oil prices wavered around $60 per barrel Thursday with new consumer and employment data casting a pall over energy markets, but still rose slightly at the close for the first time in more than a week.

  • GM, Chrysler fight reopening of closed dealerships

    General Motors and Chrysler are urging lawmakers to stop legislation that would prevent automakers from closing car dealerships that the dealers want to keep open, saying it would complicate their emergence from government-led bankruptcies.

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