WASHINGTON - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen.
Recent Business News
DETROIT - Ford Motor Co on Thursday expanded the recall of older-model Mustang cars that have driver-side Takata air bags with inflators, to include about 502,500 vehicles.
TORONTO - The Canadian government unveiled a major update to its wireless airwave policy on Thursday, as it seeks to lower cellphone bills and bolster its coffers ahead of a federal election next year.
DETROIT - U.S. auto sales will end the year strongly, as December sales will be 10.4 percent higher than a year ago, JD Power & Associates and LMC Automotive said on Thursday.
NEW YORK - Goldman Sachs Group Inc has promoted John Waldron to co-head of its investment banking business, replacing John S. Weinberg, a vice chairman whose family has been in the senior echelons of the investment bank since the 1920s.
- Two brokerage units of Wells Fargo & Co must pay a joint $1.5 million fine for failing to comply with anti-money laundering regulations by not verifying 220,000 new accounts during a nine-year period, the Financial Industry Regulatory Authority (FINRA) said on Thursday.
The Keystone XL pipeline is the cause célèbre of a small army of climate change activists, but a realistic look at American energy infrastructure shows that it is little more than a poster child.
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