WASHINGTON - New applications for unemployment benefits held near their pre-recession levels last week and factory activity in the Mid-Atlantic region accelerated in April, painting a bright picture of the economy.
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While my phone is mostly filled with music and audio books, I don’t look forward to the day that, say, a drunk and disorderly arrest exposes all of its contents to a prosecutor because a police officer is looking for additional criminal evidence. Full Article
BEIJING - Chinese President Xi Jinping plans to use a purge of senior officials suspected of corruption to put his own men and reform-minded bureaucrats into key positions across the Communist Party, the government and the military, sources said. Full Article
April 17 - The Duke and Duchess of Cambridge meet survivors of bush-fires in the Blue Mountains on the Australian leg of their Antipodean tour. Sarah Toms reports.
Morgan Stanley reported a 49 percent rise in first-quarter earnings, helped by higher income from wealth management and institutional securities. Full Article
Breakingviews argues the Alibaba IPO will strip investors of their biggest reason to follow Yahoo, whose stagnant U.S. business plays second fiddle to overseas holdings. Video