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U.S. economy slowed less than expected in first quarter; outlook cloudier

WASHINGTON The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter. | Video

Recent Business News

Exclusive: China's COFCO overhauls Brazil business after accounting crisis - sources

LONDON/SAO PAULO Chinese food commodities trader COFCO [CNCOF.UL] is overhauling its operations in Brazil, including a management reshuffle, as it restructures its Nidera Sementes Ltda business following accounting irregularities reported last year, according to company documents and sources.

1:24pm EDT

Some investors bet Brazil has further room to fall

NEW YORK Some investors are betting the worst is yet to come for Brazil's stock market, even after a brutal selloff last week.

Brazil, Money 1:37pm EDT

Exclusive: Fidelity may back climate resolutions, a milestone for activists

BOSTON Fidelity Investments may support shareholder proxy proposals calling on companies to report on sustainability matters this year, a major shift by the Boston asset manager as climate activists gain more traction at large U.S. corporations.

U.S. home prices to rise at a strong pace on tight supply: Reuters poll

U.S. home prices look poised to rise at a robust pace over the next few years, mainly because of a chronic shortage of houses and steady demand, a Reuters poll showed on Friday.

9:15am EDT

California says VW clean car spending plan has shortcomings

SAN FRANCISCO California regulators said Volkswagen AG's spending plan on clean vehicle infrastructure had shortcomings and that it lacked details on how it would help disadvantaged communities as well as promote hydrogen fuel cell technology.

12:15am EDT

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