WASHINGTON - U.S. retail sales rebounded in February and new filings for jobless benefits hit a fresh three-month low last week, suggesting the economy was regaining strength after an abrupt slowdown caused by severe weather.
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BRUSSELS - U.S. President Barack Obama and European Union leaders will promise to remove all tariffs on bilateral trade at their summit on March 26, an ambitious step towards the world's largest free-trade deal, according to a draft statement seen by Reuters.
- Three anti-union Volkswagen workers have sued the German automaker and the United Auto Workers in a U.S. court, alleging that VW and the union improperly colluded in the run-up to a union election in Tennessee that the UAW lost.
WASHINGTON - U.S. Transportation Secretary Anthony Foxx on Thursday said his agency was looking into whether General Motors was slow to report to the federal government problems with ignition switches in its autos, which have led to 12 deaths.
PARIS - Deutsche Bank said on Thursday it has had a "slow" start to the year in its investment bank, due to market uncertainty related to the crisis in Ukraine and concerns about economic growth in China and Germany.
The state of the US job market is essentially unchanged. On Wednesday morning, the most recent Bureau of Labor Statistics Job Openings and Labor Turnover (JOLTs) data showed that the rate of hiring, turnover, and the number of open jobs was largely unchanged.
- Charting the Malaysian airliner disappearance
- The worrying (or not) rise of margin debt
- Manufacturing and consumer spending edge up
- Is China’s red-hot housing market finally beginning to cool down?
- What we know about income inequaliy: America’s disappearing ‘middle-skill’ jobs and falling wages
- The end of the boom in emerging markets reserves