WASHINGTON/NEW YORK (Reuters) - U.S. manufacturing grew at its slowest pace in 11 months in June and the number of Americans filing new applications for unemployment aid fell slightly last week, further evidence the economy was weakening.
NEW YORK (Reuters) - Gold fell 2.5 percent on Thursday, nearly wiping out this year's gains as renewed fears of a global economic slowdown and disappointment over a lack of aggressive U.S. Federal Reserve stimulus dampened bullion's inflation-hedge appeal.
HOUSTON (Reuters) - The chief investment officer of disgraced former billionaire Allen Stanford's defunct financial firm pleaded guilty on Thursday to lying to U.S. regulators in 2009 in an effort to delay their probe into a $7 billion Ponzi scheme.
(Reuters) - American Airlines' pilots union has asked for more time to consider the company's latest contract offer in hopes of avoiding a stalemate that could result in the unilateral imposition of interim work rules, according to two people close to the matter.
NEW YORK (Reuters) - Brent crude oil slid nearly 4 percent in heavy trading on Thursday, dropping below $90 a barrel for the first time in 18 months as weak economic data from China, the United States and Europe pointed to prospects for slower oil demand.
NEW YORK (Reuters) - Goldman Sachs recommended shorting the S&P 500 index with a target level of 1,285 on Thursday, saying the latest U.S. data suggests that weakness in the economy has extended into June.