NEW YORK (AP) - Stocks are opening higher on Wall Street after a strong report on retail sales.
The Commerce Department says retail sales rose 1.1 percent last month after a 1.2 percent increase in August. Those are the largest gains since October 2010 and could reflect growing confidence in the
By ERIKA KINETZAP Business Writer
MUMBAI, India (AP) - India's Reliance Industries reported a 5.7 percent slide in profits in the July to September quarter from a year earlier, as it scaled back investment in the country's largest oil and gas fields.
Net profit was 53.8 billion rupees
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Americans spent more money at retailers in September - a buying surge that reflected growing consumer confidence and the launch of the latest iPhone.
Retail sales jumped 1.1 percent last month, producing the best two months of sales in
By CHRISTINA REXRODEAP Business Writer
NEW YORK (AP) - Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.
On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had turned a corner. On Monday, Citigroup's top
NEW YORK (AP) - Stock futures rebounded Monday after the worst trading week in more than four months, as retailers put up strong numbers and economists awaited more indications of rising optimism for other sectors.
Dow Jones industrial futures rose 50 points to 13,295. The broader S&P futures
By CANDICE CHOI and MAE ANDERSONAssociated Press
NEW YORK (AP) - Pizza Hut is rethinking its contest daring people to ask "Sausage or Pepperoni?" at the presidential debate Tuesday.
After the stunt triggered backlash last week, the company says it's moving the promotion online, where a
By The Associated Press
Here are the winners of this year's Nobel prizes by category:
Americans Alvin Roth and Lloyd Shapley for the theory of stable allocations and the practice of market design, which among other things explains market processes at work when doctors are
By The Associated Press
Recent winners of the Nobel Memorial Prize in Economic Sciences, and their research:
- 2012: Americans Alvin Roth and Lloyd Shapley for the theory of stable allocations and the practice of market design.
- 2011: Americans Thomas Sargent and Christopher Sims for their
By COLLEEN BARRYAP Business Writer
MILAN (AP) - U.S. farm and industrial vehicle group CNH has rejected a merger proposal from its parent, Fiat Industrial, the Italian company said in a statement Monday.
Fiat Industrial, which already owns 88 percent of CNH, said in a statement that it has
By JUERGEN BAETZAssociated Press
BERLIN (AP) - There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.
But only 18 months into the