U.S. consumer, business spending data point to slowing growth

WASHINGTON - U.S. consumer spending rose modestly in October and a key measure of business spending plans on equipment fell for a second straight month, suggesting some slowing in the pace of economic growth.

Recent Business News

U.S. regulator: Chrysler at rear of pack on air bag recall response

DETROIT - Chrysler Group LLC must expand its recall of vehicles with Takata Corp air bags and begin notifying customers of the action by Monday, the U.S. National Highway Traffic Safety Administration said.

U.S. FAA proposes requiring fix for Boeing 787 Dreamliner

NEW YORK - The U.S. Federal Aviation Administration proposed requiring a fix for Boeing Co's 787-8 Dreamliner on Wednesday, a move prompted by "numerous reports of failures of proximity sensors" on the high-tech plane's wings.

Goldman, BASF, HSBC accused of metals price fixing: U.S. lawsuit

NEW YORK - Goldman Sachs Group Inc , Germany's BASF SE and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff's law firm called the first nationwide class action over alleged price-fixing of the metals.

Exclusive: Online protest delays EU plan to resolve U.S. trade row

BRUSSELS - European campaigners against an EU-U.S. accord have held up progress towards the world's biggest free trade deal by deluging an online public consultation that EU officials had hoped would help them unblock a key issue.

6:45am EST

China to push growth of outsourcing industry

BEIJING - China will develop international outsourcing of high-value-added services to create new advantages in foreign trade, its cabinet said on Wednesday, according to the official government website.

7:26am EST


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