NEW YORK (Reuters) - Wall Street was set to rise on Thursday after four days of losses in the S&P 500 as reassuring corporate profits spurred optimism ahead of data expected to show the U.S. economy resumed growing in the third quarter.
WASHINGTON (Reuters) - The economy grew in the third quarter for the first time in a year as consumer spending and investment in new home-building rebounded, data showed on Thursday, unofficially ending the worst recession in 70 years.
HOUSTON (Reuters) - Exxon Mobil Corp on Thursday said its quarterly profit plunged, falling short of Wall Street estimates, as the global recession bit into fuel demand and crude oil prices fell from year-ago levels.
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless benefits dipped by 1,000 last week, while the number collecting long-term aid fell to the lowest reading in seven months as the job market steadied.
CHICAGO (Reuters) - Procter & Gamble Co and Colgate-Palmolive Co posted higher-than-expected quarterly sales and earnings on Thursday, as efforts to lure consumers back to their brand-name household goods start to pay off.
LONDON (Reuters) - Exxon Mobil Corp, Royal Dutch Shell Plcand Eni SpA dashed hopes of an imminent turnaround for the oil industry, saying a sluggish economic recovery was weighing on energy demand and prices.
TOKYO/FRANKFURT (Reuters) -Europe's largest carmaker Volkswagen said business remained hard after third-quarter earnings plunged on Thursday while Japan's Mazda predicted a smaller full-year operating loss.
TOKYO/OSAKA (Reuters) - Nintendo Co Ltd reported a 52 percent slide in quarterly profit on Thursday and slashed its full-year earnings forecast, as its Wii console loses its place as the videogame platform to beat.
NEW YORK (Reuters) - Sprint Nextel Corp reported a wider quarterly loss and a 9 percent decline in revenue on Thursday, as more valuable, monthly bill-paying subscribers dropped its wireless service.
NEW YORK (Reuters) - Motorola Inc posted a small quarterly profit on Thursday and forecast a bigger-than-expected profit for the current quarter, when it starts selling new advanced cellphones in an effort to revamp that business.
