NEW YORK - The U.S. trade deficit narrowed in April on a drop in imports, which surged in March following the end of a West Coast ports labor dispute, while companies picked up their hiring in May after a pullback the previous month. | Video
Recent Business News
- Wal-Mart Stores Inc said it was relaxing its dress code and raising the temperature at its stores as part of an effort to improve working conditions at its 4,555 U.S. locations.
CAMBRIDGE, Mass. - Harvard University, which has educated many of the world's wealthiest investors, is now getting its biggest single gift from one them - a $400 million donation from Wall Street hedge fund investor John Paulson.
FRANKFURT - Volkswagen on Wednesday said it signed a cooperation agreement with SAIC Motor Corporation to boost production, research and development of electric cars in China.
- Three Google Inc compensation committee members were re-elected on Wednesday, the technology company said at its annual meeting, despite a challenge from a high-profile proxy adviser that raised concerns over executive pay.
LONDON - Tom Hayes, the first trader to face a jury trial over alleged Libor rate-rigging offences, told British investigators brokers in other firms became "a tool in my armoury" when they offered to help move rates for him, a London court heard on Wednesday.