467K jobs cut in June; jobless rate at 9.5 percent - AP - Thu 3:38 pm ET
Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy's road to recovery will be bumpy.

Exelon raises hostile bid for NRG to $8 billion - AP - Thu 5:21 pm ET
Exelon Corp. on Thursday sweetened its hostile takeover bid for NRG Energy Inc. by 12 percent to $8 billion in stock, citing newly identified cost savings along with NRG's recent deal for Reliant Energy's Texas retail business.

Feds seize Madoff penthouse, wife leaves - AP - 41 minutes ago
Federal marshals seized disgraced financier Bernard Madoff's $7 million Manhattan penthouse on Thursday and forced his wife to move out and leave her possessions behind, including a fur coat she asked to take with her, an official told The Associated Press.

Boeing maintains deliveries in 2nd-quarter - AP - Thu 5:23 pm ET
Boeing Co. delivered 125 commercial jets in the second quarter, one less than the same period in 2008. The aerospace manufacturer said for the three month-period it delivered 99 of its 737s -- the company's best-selling jet -- and 21 777s.

7 more banks fail as FDIC mulls rules for sales - AP - 30 minutes ago
Six Illinois banks and one bank in Texas were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks.

GM waits for judge's ruling on sale plan - AP - 2 hours, 2 minutes ago
The judge in the General Motors Corp. bankruptcy case adjourned a three-day hearing without indicating when he will rule on the company's plan to sell its good assets to a new company.

Oil prices tumble as Europe and the US shed jobs - AP - Thu 3:20 pm ET
Oil prices tumbled to their lowest level in a month Thursday following the release of woeful job numbers in Europe and the U.S.

ECB keeps interest rate at 1 pct - AP - Thu 12:47 pm ET
The European Central Bank left its benchmark interest rate unchanged at 1 percent Thursday, preferring to wait and see if its "spectacular" infusion of credit into the banking system will loosen lending to consumers and businesses in the euro zone's struggling economy.