NEW YORK (Reuters) - Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how TV shows and movies are made, but how they are delivered to the home.
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless insurance unexpectedly fell last week to the lowest level in more than 14 months, government data showed on Thursday, pointing to a moderation in the pace of job losses.
NEW YORK (Reuters) - Bank of America Corp said it would repay $45 billion of taxpayer bailout funds, a move that could free the top U.S. lender from pay curbs as it looks to hire a new CEO but also makes it more vulnerable to further economic shocks.
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday will push back at efforts to curb the Fed's power as he goes before lawmakers considering his nomination to a second term at the central bank's helm.
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Thursday said the Federal Reserve must play a central supervisory function in ensuring the stability of the U.S. financial system.
CHICAGO (Reuters) - Several U.S. retailers posted weaker-than-expected sales for November, getting the key holiday season off to a sluggish start as consumers worried about the economy and double-digit unemployment.
FRANKFURT (Reuters) - The European Central Bank kept rates at a record low of 1 percent as expected on Thursday, leaving markets firmly focused on how it plans to handle the delicate process of phasing out its financial crisis support.
NEW YORK (Reuters) - Luxury homebuilder Toll Brothers Inc reported a wider-than-expected quarterly loss on Thursday as homebuilding revenue slumped and it wrote down the value of its land holdings.
TOKYO (Reuters) - American Airlines said it and other members of the Oneworld airline alliance along with private equity fund TPG are willing to invest $1.1 billion in Japan Airlines to prevent it defecting to Delta Air Lines and the rival Skyteam group.
