United States

Thursday, May 13th 2010 - 10:47 UTC
US Corn Futures Rise to Two-Month High on Mounting Demand from China

Corn futures rose to a two-month high on mounting demand from China, the world’s second-biggest consumer.
Thursday, May 13th 2010 - 10:41 UTC
Morgan Stanley Denies Having Misled Investors about Mortgage Derivatives

Morgan Stanley (NYSE:MS) CEO James Gorman denied allegations the US bank misled investors about mortgage derivatives it sold them. The firm is being probed by US prosecutors over whether the bank misled clients when it sold them collateralized debt obligations as its own traders bet that the value of the securities would drop, the Wall Street Journal reported Wednesday.
Thursday, May 13th 2010 - 10:34 UTC
US Trade Deficit Jumps in March with Imports Underlining Recovery

United States trade deficit rose to a 15-month high in March as rising imports underlined the economy's recovery. Figures from the Commerce Department showed the gap between imports and exports rose 2.5% to 40.4 billion US dollars.
Thursday, May 13th 2010 - 10:31 UTC
Federal Budget April Revenue Falls 7.9% with Deficit Reaching 82.7 Billion

The US reported its largest April budget deficit on record, 82.7 billion USD as receipts declined in a month that typically sees an increase in individual income tax payments, according to the latest release from the Treasury Department.
Wednesday, May 12th 2010 - 07:09 UTC
World Markets Lower After Taking a Second Look at Euro Rescue Plan

United States shares closed lower on Tuesday as global stock markets stalled on niggling worries over European debt problems. On Wall Street, the Dow Jones index closed down 0.34% following a turbulent day's trading, and a nearly 4% rise on Monday.
Saturday, May 8th 2010 - 06:03 UTC
US Private Sector adds Jobs in April and More People Re-Enter Labour Market

Companies in the United States added 290,000 jobs in April, mostly in the private sector, the United States Department of Labor said Friday, a strong sign that the job market has begun recovering from last year's damaging recession.
Friday, May 7th 2010 - 05:40 UTC
Panic in Wall Street: Possible Electronic Error Plunges Markets 1.000 Points

United States regulators and stock exchanges are searching for answers after what is believed to be an electronic trading error set off a heart-stopping plunge in markets that rivalled the crash of 1987.
Wednesday, May 5th 2010 - 06:07 UTC
Obama Administration Pushes for Fee on Large Banks to Pay for Bailouts

United States big banks should be charged a fee to pay for bailouts as it will make them less prone to reckless lending, US Treasury Secretary Timothy Geithner told lawmakers as he sought support for the proposal.
Tuesday, May 4th 2010 - 04:15 UTC
Seafood Prices May Rocket Due to Louisiana Oil Slick; Ten Day Fishing Ban In

United States officials have announced a ban on fishing for at least ten days in waters off Louisiana spanning to parts of the Florida panhandle as the oil slick from a leak spreads across the Gulf of Mexico. Rough weather conditions are complicating crews’ efforts to contain the oil slick.
Monday, May 3rd 2010 - 20:18 UTC
United/Continental Merger Create the World’s Largest Airline

Two US-based airlines, United (NASDAQ: UAUA) and Continental (NYSE: CAL) are merging in a 3.1 billion deal, creating the world's largest airline. The combined firm will have nearly 700 planes, 88,000 workers, and fly to 370 destinations in 59 nations.