By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - Americans cut back on spending in February as cold weather and economic challenges chilled their appetite for spring merchandise.
The nation's retailers on Thursday reported that sales slowed in February, a time when most stores get rid
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Average U.S. rates on fixed mortgages were little changed this week, hovering near historic lows. Cheap mortgages have helped spur a recovery in the housing market.
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year
NEW YORK (AP) - Stocks are rising in early trading on Wall Street after the government reported another decrease in the number of people applying for unemployment benefits.
The Dow Jones industrial average rose 35 points to 14,331 shortly after the opening bell Thursday. The index broke through its
NICOSIA, Cyprus (AP) - Cyprus' finance minister is ruling out a tax on financial transactions as part of a rescue package for the country, one of the 17 European Union nations that uses the euro.
Michalis Sarris said Thursday that cutting spending and raising revenue through investing in
NEW YORK (AP) - Kroger's fourth-quarter profit handily beat Wall Street expectations as the country's largest traditional supermarket operator saw sales climb.
The Cincinnati-based company, which also owns Ralphs, Fry's and Food 4 Less, said revenue at stores open at least a year rose 3
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - The number of Americans seeking unemployment aid fell to a seasonally adjusted 340,000 last week, driving down the four-week average to its lowest level in five years. The drop is a positive sign ahead of Friday's report on February
By The Associated Press
Billionaire investor Carl Icahn is proposing an alternative to the $24.4 billion plan to sell slumping PC maker Dell to a group led by founder Michael Dell, saying it substantially undervalues the company.
Icahn says he favors paying a one-time dividend totaling $9 per share
FRANKFURT, Germany (AP) - The European Central Bank has left its benchmark interest rate unchanged at a record low of 0.75 percent, holding off on further stimulus even though the euro area remains stuck in recession.
The decision came Thursday at a meeting of the bank's 23-member governing
By BARBARA ORTUTAYAP Technology Writer
NEW YORK (AP) - Amid chatter of "Facebook fatigue," real or imagined, the world's biggest social networking company is getting ready to unveil a new version of News Feed, the flow of status updates, photos and advertisements its users see on the site.
By PAN PYLASAssociated Press
LONDON (AP) - The Bank of England has opted against injecting more money into the ailing British economy, which has one foot in recession but stubbornly-high inflation.
The central bank said Thursday its main policymaking body, the Monetary Policy Committee, decided to