PARIS (Reuters) - The biggest rogue trader scandal in history hit Societe Generale on Thursday as the French bank accused a junior employee of a fraud costing $7 billion.
NEW YORK (Reuters) - Stocks gained in volatile trading on Thursday, with the Nasdaq up more than 1 percent, boosted by a deal for tax rebates to stimulate the U.S. economy and earnings that sparked some optimism about corporate profits.
NEW YORK (Reuters) - Morgan Stanley will slash more than 1,000 jobs in the coming week, trimming costs ahead of what it expects will be a tougher business environment, a person briefed on the moves said on Thursday.
WASHINGTON (Reuters) - The White House and the Democratic-led Congress on Thursday reached a tentative deal on an economic stimulus package of tax rebates for families and incentives for business investment with a cost that a top Democrat said may exceed $150 billion.
NEW YORK (Reuters) - The pilots of Northwest Airlines Corp said on Thursday they would support a Northwest merger with another carrier but, in return, want a stake in the combined airline.
DETROIT (Reuters) - Ford Motor Co posted a sharply narrower fourth-quarter loss on Thursday after cutting costs but forecast a net loss for the full year 2008 amid fears of a weakening U.S. economy.
WASHINGTON (Reuters) - Top bidders put up a total of more than $2.4 billion on Thursday in the opening round of the Federal Communications Commission's auction of coveted U.S. government-owned airwaves.
WASHINGTON (Reuters) - Unexpected strength from weekly U.S. jobless claims provided rare good news for the troubled U.S. economy on Thursday, but a measure of buying demand in the housing market continued to chill.
NEW YORK (Reuters) - AT&T Inc on Thursday posted stronger-than-expected wireless growth in the fourth quarter and reiterated its 2008 outlook, easing investor concerns that U.S. economic weakness would hurt its profit.
DAVOS, Switzerland (Reuters) - News Corp Chief Executive Rupert Murdoch said on Thursday he would not make all online Wall Street Journal content free.
