NEW YORK (Reuters) – Oil jumped more than 4 percent to top $66 a barrel on Thursday as economic data sparked fresh optimism that the recession may be bottoming out.

Oil jumps 4 percent, economic data raises recovery hope

DETROIT (Reuters) – Ford Motor Co’s U.S. sales chief said on Thursday that the pace of auto sales has picked up “dramatically” since the launch of a cash for clunkers program.

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Ford: sales up “dramatically” on cash for clunkers

Goodyear Tire & Rubber reported a $221 million loss in the second quarter on Thursday as U.S. auto industry upheaval and the global recession cut sales 25 percent from a year ago. The loss was half the Wall Street prediction and Goodyear said it was seeing…

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Wall Street – Business – United States – Goodyear Tire and Rubber Company – Global recession

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Goodyear posts 2Q loss of $221 million, sales drop

WASHINGTON (Reuters) – The number of Americans collecting long-term unemployment aid fell to the lowest in three months in mid-July, according to government data that implied a slowing pace of layoffs as the economy stabilizes.

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U.S. jobless claims rise, but trend seen slowing

The New York Attorney General’s office says Citigroup, one of the biggest recipients of government bailout money, paid out $5.33 billion in employee bonuses for 2008. The attorney general has issued a report Thursday that outlines 2008 bonuses paid to the…

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New York – New York State Attorney General – Attorney general – Citigroup – Andrew Cuomo

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NY AG details big bonuses at bailed-out banks

Consumer products maker Colgate-Palmolive said Thursday its second-quarter profit rose 14 percent, but soft sales sent the stock down in midday trading. The New York-based maker of toothpaste, dish soap and Hill’s Science Diet pet food earned $561.6 million,…

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Colgate-Palmolive – New York City – United States – New York – Society and Culture

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Colgate 2Q profit rises, but sales fall short

NEW YORK/LONDON (Reuters) – Aggressive cost cutting helped NYSE Euronext beat expectations for a second straight quarter on Thursday, although $442 million in one-time charges forced the transatlantic exchange operator to record a loss.

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NYSE Euronext beats Street as costs fall further

NEW YORK (Reuters) – Stocks advanced on Thursday as a string of solid corporate profits and a drop in the number of Americans staying on jobless benefits fueled economic recovery hopes.

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Profits, recovery hopes propel Wall St higher

Vehicle maker Oshkosh Corp. said Thursday it posted a narrower fiscal third-quarter loss amid continued weak demand in segments affected by construction activity During the quarter, Oshkosh said it lost $26.6 billion, or 36 cents per share, compared with a…

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Oshkosh Wisconsin – Health – Shopping – Oshkosh – Wisconsin

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Oshkosh posts 3rd-quarter loss on lower demand

NEW YORK/CHICAGO (Reuters) – A handful of diversified U.S. manufacturers posted results that topped Wall Street estimates, boosting investor confidence as they coped with the worst recession in decades.

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Manufacturers’ results top view, outlook cautious

Michael Vick says he is getting close to signing with a team but had no other details for reporters after a bankruptcy hearing in Virginia. NFL commissioner Roger Goodell conditionally reinstated Vick on Monday, a week after the former Atlanta Falcons star…

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Michael Vick – United States – Bankruptcy – Law – Fabrice Santoro

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Vick says “getting close” to finding a team

NEW YORK (Reuters) – Motorola Inc shipped more cell phones than expected in the second quarter and raised its target for cost cuts for the year, sending its shares up 9 percent.

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Motorola posts profit, shares rise 9 percent

Consumer products company Newell Rubbermaid Inc. said its second-quarter earnings rose 14 percent, thanks to lower material costs and a decision to stop making some less-profitable products. Adjusted results for the maker of Rubbermaid storage containers,…

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Newell Rubbermaid – Home – Plant – United States – Organizations

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Newell Rubbermaid 2Q profit bounces up 14 pct

MasterCard Inc. said Thursday that it booked a profit of nearly $350 million during the second quarter, exceeding Wall Street’s expectations, as cost trimming and an increase in transactions helped offset a decline in the amount consumers spent. Shares jumped…

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Credit card – Wall Street – MasterCard – Business – Financial services

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MasterCard 2Q profit beats analysts’ estimates

NEW YORK (Reuters) – MasterCard Inc, the world’s second-largest credit card network, reported better-then-expected quarterly earnings Thursday as it raised fees charged to banks and cut expenses, sending its shares up 7 percent.

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MasterCard earnings beat estimates, shares jump