WASHINGTON (Reuters) - Retail sales were solid in November as the holiday shopping season got underway, but a good portion of consumer dollars went to higher-priced gasoline, which also pushed wholesale inflation up by the largest amount in 34 years.
NEW YORK (Reuters) - Lehman Brothers Holdings Inc said on Thursday fourth-quarter earnings fell 12 percent, as the credit market crisis triggered write-downs, and the company said further write-downs were possible.
NEW YORK (Reuters) - German airline Deutsche Lufthansa AG said on Thursday that it plans to acquire a 19 percent stake in U.S. low-cost carrier JetBlue Airways Corp for about $300 million.
BOSTON (Reuters) - Hedge fund Red Kite Metals suffered double-digit losses last month as metals prices declined further, a source familiar with the matter said on Thursday.
NEW YORK (Reuters) - The Dow Jones industrial average rose on Thursday after economic bellwether Honeywell International raised its profit forecast, offsetting doubts about whether a global plan to thaw credit markets could work.
LONDON (Reuters) - Investor delight at a concerted central bank effort to relieve jammed money markets fizzled out on Thursday with experts saying the credit crisis would only end when commercial banks trusted each other again.
NEW YORK (Reuters) - Top U.S. tax preparer H&R Block Inc said on Thursday its borrowing capacity may not be sufficient to meet its financing requirements and it may have to issue additional debt or equity.
NEW YORK (Reuters) - Countrywide Financial Corp , the No. 1 U.S. mortgage lender, said on Thursday mortgage loan funding tumbled 40 percent to $23 billion in November, sending its shares down 5 percent as late payments continue to escalate.
NEW YORK (Reuters) - The New York State Insurance Department would be "happy" to meet with former American International Group Chief Executive Hank Greenberg to discuss his plans for the world's largest insurer, a spokesman for the regulator said on Thursday.
NEW YORK (Reuters) - Dow Jones & Co Inc shareholders voted to approve a $5.6 billion buyout by News Corp on Thursday, giving Rupert Murdoch control of one of the world's most influential newspapers, the Wall Street Journal.
