U.S. jobless claims drop sharply to near 15-year low

WASHINGTON - The number of Americans filing new claims for unemployment benefits tumbled last week to its lowest level in nearly 15 years, adding to bullish signals on the labor market.

Recent Business News

Ford profit beats estimates, but European outlook worsens

DETROIT - Ford Motor Co on Thursday said it would keep relying on North America for its profit this year as the No. 2 U.S. automaker signaled that losses in Europe would be more than previously forecast.

8:23am EST

Volkswagen could save much more than five billion euro at core brand: labor chief

WOLFSBURG, Germany - Volkswagen ought to be able to cut costs at its troubled passenger-car brand by "substantially more" than the 5 billion euros ($5.7 billion) planned by the carmaker's top management, VW's works council chief said.

9:02am EST

Brent oil holds above $48 after U.S. stocks hit record high

LONDON - Brent oil futures held above $48 a barrel on Thursday as speculator buying on hopes for a price rebound offset data showing record-high U.S. crude stocks.

7:53am EST

Facebook tops Wall Street revenue target in fourth quarter

SAN FRANCISCO - Facebook Inc's revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales.

Facebook, Tech 28 Jan 2015

Campbell Soup to rejig business according to product categories

- Soup and snacks maker Campbell Soup Co said it plans to reorganize its business on the lines of product categories instead of geographies or brands.

9:06am EST


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