The global paper and forest products outlook was changed to stable from negative, based on Moody's expectations for slightly better business conditions for the sector worldwide in 2010. "Our assumption for 2010
The number of workers filing new applications for jobless insurance unexpectedly rose last week, according to government data on Thursday that still suggested the labor market was improving. Initial claims for state
FedEx Corp (FDX.N) forecast third-quarter profit below analysts' expectations, sending the package delivery giant's shares down 3.6 percent in premarket trading. FedEx, considered an economic bellwether because of the scope of its
The Obama administration is to award $2 billion in grants and loans over the next 75 days as part of a plan to dramatically expand Americans' broadband Internet access and create tens
White sugar futures set a record peak and London cocoa climbed to its highest in 32 years on Thursday with investor appetite for both commodities fed by supply concerns that have created
The dollar hit a three-month high against major currencies on Thursday following a slightly more optimistic assessment about the U.S. economy from the Federal Reserve. World stocks fell more than 1 percent,
The European Central Bank gave itself the go-ahead on Thursday to build a new 1 billion euros, 48-storey headquarters, giving it a permanent home for the first time and drawing a line
Britain's top share index was down 0.9 percent in mid-session trade on Thursday, with banks weighed down by comments from the U.S. Federal Reserve, and retailers weaker after a surprise fall in
Around 4,500 passengers were stranded abroad on Thursday after the suspension of Scottish airline Flyglobespan, administrator PricewaterhouseCoopers said. The owner of the airline, Globespan, was put into administration late on Wednesday after
A flurry of British retail and consumer goods companies lifted profit forecasts on Thursday, adding to hopes of economic recovery, though many continue to bear the scars of the downturn and remain
