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Retailers report strong gains for June
June sales heated up for stores, in a sign that Americans likely will continue to spend during the important back-to-school shopping season.
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US, EU regulators reach agreement on derivatives
U.S. and European regulators have struck an agreement that seeks to coordinate rules overseeing the nearly $700 trillion derivatives market while potentially limiting the reach of U.S. authorities.
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How states fared on unemployment benefit claims
U.S. unemployment benefit applications rose 16,000 last week to a seasonally adjusted 360,000. Still, that level is consistent with steady hiring. Applications are usually volatile in early July as school shutdowns and brief closures of auto factories lead to temporary layoffs.
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US unemployment benefit applications rise to 360K
The number of people applying for U.S. unemployment benefits rose 16,000 last week to a seasonally adjusted 360,000, although the level remains consistent with steady hiring.
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Norwegian posts Q2 jump in sales, earnings
Norwegian Air Shuttle says its first-quarter revenues and earnings soared compared with a year ago thanks to a 23 percent jump in passenger numbers and a cost reduction program.
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Chinese police say Glaxo employees bribed doctors
China's police ministry accused executives of pharmaceutical supplier GlaxoSmithKline on Thursday of conducting a large, long-running bribery campaign to persuade doctors to prescribe drugs.
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Bank of Japan more upbeat about economic recovery
Japan's central bank Thursday upgraded its assessment of the economy's prospects after earlier this year implementing an ambitious monetary policy aimed at boosting inflation and growth.
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News Summary: Home repossessions declined in June
REPOSSESSIONS FALL: Foreclosure listing firm RealtyTrac says that the number of U.S. homes repossessed by lenders fell nearly 9 percent in June from the previous month. Repossessions declined 35 percent from a year earlier.
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RealtyTrac: Home repossessions declined in June
Fewer U.S. homes entered the foreclosure process or were repossessed by banks in June, the latest sign that the nation is shaking off its housing bust hangover.
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DC Council rebukes Wal-Mart over wages
The D.C. Council issued a legislative rebuke to Wal-Mart on Wednesday, approving a bill that would require the retail giant and other big-box chain retailers operating in the nation's capital to pay their employees a "living wage" of at least $12.50 an hour.
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News Summary: Stocks surge on Bernanke comments
BERNANKE BOOST: The stock market, which had been climbing for a week, got another boost Thursday from comments from Federal Reserve Chairman Ben Bernanke. The central banker said late Wednesday that the Fed was in no rush to end its stimulus program.
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Shell to spend $115 million on pollution control
Shell Oil has agreed to spend at least $115 million to cut harmful pollution at a Houston-area refinery.
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Yum's profit falls in 2Q but China trends improve
KFC's parent company Yum Brands Inc. says its profit fell in the latest quarter but that sales trends were improving in its critical China division, which has been reeling from a bird flu scare.
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Bernanke: US economy still needs Fed's stimulus
Chairman Ben Bernanke said Wednesday that the U.S. economy still needs help from the Federal Reserve's low interest rate policies.
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Stocks surge after Bernanke allays stimulus fear
The stock market is closing at a record high after Federal Reserve Chairman Ben Bernanke said the central bank would continue to support the U.S. economy.
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News Summary: US companies detail Bangladesh plan
THE NORTH AMERICAN RETAIL PACT: Nearly 20 North American retailers and clothing makers agreed to a pact that aims to improve safety conditions in Bangladeshi clothing factories.
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New car too pricey? Used car prices are dropping
Is that new set of wheels out of your price range? Used cars have gotten more affordable, especially if you're looking for a small car or a hybrid.
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News Summary: China June imports, exports decline
HITTING THE BRAKES: China's trade declined abruptly in June, in a sign growth in the world's second-largest economy might be cooling even more sharply than expected.
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Minutes of Fed policy meeting show sharp divisions
Federal Reserve officials seem far from a consensus on the question that's consumed investors for months: When will the Fed slow its bond purchases?
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United Dreamliner London-Houston flight canceled
A United Airlines Boeing 787 flight from London to Houston has been canceled because of apparent trouble with an indicator device.
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