Business

WASHINGTON (Reuters) - New U.S. jobless claims fell more than expected last week but were too high to signal a shift in a weak labor market that is constraining economic growth. Full Story »

• Slideshow: Housing Crisis

WASHINGTON (Reuters) - The U.S. government on Thursday proposed to fine American Airlines $24.2 million for alleged maintenance violations that led to thousands of flight cancellations two years ago. Full Story »

AN EARLY SLUMP: Stocks started lower Wednesday following the latest discouraging signs on the economy, but rose steadily in the afternoon as buyers returned. The Dow gained 20 points after having been down as much as 102. Full Story »

TOKYO (Reuters) - A Japanese ruling party panel discussed currency intervention and recommended on Thursday that the government ask the Bank of Japan to take monetary policy a step further to counter a rising yen, increasing pressure on the central bank to act before its regular meeting next month. Full Story »

FLYING HIGH: Air New Zealand's annual profit jumped almost fourfold as the carrier posted smaller losses on fuel hedging contracts and cut costs, offsetting subdued demand for air travel. Full Story »

BERLIN - German consumers are upbeat about their economy, a closely watched survey showed Thursday, reflecting the country's overall positive economic trend even as uncertainty lingers over long-term prospects. Full Story »

Many of us have a hard time getting over the fees that financial planners charge. Between sleazy sales tactics and the unlikely scenario of beating the market, it's an uphill battle to convince yourself that a wealth manager justifies the cost. But sometimes financial planners are worth the money. Here are five scenarios when it may be helpful to consult a financial planning professional. Full Story »

NEW DELHI (Reuters) - India is confident of resolving a visa restrictions issue with the United States outside the WTO framework, a senior government official said on Thursday. Full Story »

NEW YORK - Shares of clothing retailer rue21 Inc. fell about 11 percent Thursday, setting a new 52-week low a day after the company said a key revenue measure fell and it expects the rest of the year to be rough. Full Story »

WASHINGTON - One in 10 American households with a mortgage was at risk of foreclosure this summer as the government's efforts to help have had little impact stemming the housing crisis. Full Story »

• Video: Major Obama Initiative Loses Steam FOX News
• Slideshow: Housing Crisis

HOUSTON - A senior BP executive is again avoiding committing the oil giant to using relief wells to seal to the Gulf of Mexico well that blew out in April. Full Story »

• Slideshow: Gulf Coast Oil Spill

WASHINGTON/ZURICH (Reuters) - UBS moved a step closer to putting its U.S. tax-evasion scandal behind it as U.S. authorities said they will soon close a tax fraud case that threatened to bring the banking giant to its knees. Full Story »

TOYOTA RECALL: Toyota Motor Corp. said Thursday it is recalling 1.13 million Corolla sedans and Matrix hatchbacks from the 2005-2008 model years because their engines may stall. Three accidents and one minor injury may be related to the recall. Full Story »