NEW YORK (Reuters) - Bank of America Corp is in advanced talks to buy struggling Countrywide Financial Corp, the largest U.S. mortgage lender, several people familiar with the matter said on Thursday.
NEW YORK (Reuters) - U.S. stocks ended higher on Thursday following news Bank of America is in advanced talks to buy struggling mortgage lender Countrywide Financial Corp .
NEW YORK (Reuters) - Delta Air Lines Inc plans on Friday to ask its board for permission to begin formal merger talks with both Northwest Airlines Corp and United Airlines parent UAL Corp , the Wall Street Journal reported on Thursday.
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday acknowledged the economy faces increased risks and indicated the U.S. central bank is ready to cut interest rates aggressively to support growth.
NEW YORK (Reuters) - Chevron Corp said on Thursday fourth-quarter earnings should rise sequentially due to higher oil prices, but lower profits from gasoline production would restrain results for the second straight quarter.
NEW YORK (Reuters) - American Express Co and Capital One Financial Corp , the largest independent U.S. credit card companies, projected profits below analyst forecasts on Thursday, citing mounting consumer loan losses as the U.S. economy slows.
CHICAGO (Reuters) - Borders Group Inc said on Thursday sales in the holiday period rose 2.4 percent at its Borders bookstores open at least one year, outperforming rival Barnes & Noble Inc and sending Borders shares higher.
WASHINGTON (Reuters) - Major retailers on Thursday reported largely disappointing sales for the critical December shopping season, while a separate report showed new claims for jobless benefits fell unexpectedly, somewhat easing concerns of a weakening job market.
LOS ANGELES (Reuters) - CBS Corp will see growth in 2008 in "every single division," including its embattled radio business, Chief Executive Les Moonves told an analyst conference on Thursday.
