NEW YORK (Reuters) - Bear Stearns Co Inc posted a much bigger-than-expected quarterly loss on Thursday, capping a fiscal year when the fifth-largest U.S. investment bank took a beating on bad bets on risky subprime mortgages.
WASHINGTON (Reuters) - A gauge of future economic activity weakened for a second straight month in November and manufacturing in the mid-Atlantic region softened, according to reports on Thursday showing a widening slump in growth.
NEW YORK (Reuters) - MBIA Inc , the world's largest bond insurer, said it had guaranteed $8.1 billion of the riskiest mortgage securities, imperiling its entire net worth and sending its shares plunging 26 percent.
NEW YORK/WASHINGTON (Reuters) - Wireless chipmaker Qualcomm Inc. on Thursday raised its estimates for the current quarter, but a new investigation related to a patent dispute showed it was still mired in legal woes.
NEW YORK (Reuters) - Stocks rose on Thursday, led by technology shares, as a reassuring profit and outlook from Oracle Corp offset nagging concerns about financial companies' exposure to bad debt.
MEXICO CITY (Reuters) - Billionaire Bill Gates has taken a stake worth $392 million in Mexican drinks company Femsa, according to a U.S. Securities and Exchange Commission filing on Thursday.
NEW YORK (Reuters) - A Michigan court ordered a temporary halt on Thursday to the $4.9 billion sale of Manor Care Inc to private equity firm Carlyle Group , according to an Ingham County Circuit Court order.
WASHINGTON (Reuters) - European online gambling companies on Thursday accused the U.S. Justice Department of violating World Trade Organization rules by singling out foreign online gambling companies for prosecution.
WASHINGTON (Reuters) - The U.S. Federal Trade Commission on Thursday approved Google's $3.1 billion purchase of DoubleClick, saying the much-criticized deal did not pose a threat to competition in Internet advertising.
