Weak U.S. consumer spending points to slower first-quarter growth

WASHINGTON - U.S. consumer spending fell for a second straight month in January as households continued to cut back on purchases, opting to save much of the massive windfall from cheaper gasoline.  | Video

Recent Business News

Former HP chairman admits 'mistake' in venture firm sexism trial

SAN FRANCISCO - Onetime highflying tech executive Ray Lane testified on Monday during a sex discrimination trial involving his former employer, Kleiner Perkins Caufield & Byers, that he made a mistake in judgment involving the harassment of a female venture capitalist at the firm.

5:25pm EST

Standard Chartered to shrink bonus pool by 9 percent: Sky News

- Standard Chartered bank will shrink its bonus pool for 2014 by about 9 percent to around 715 million pounds ($1.1 billion), Sky News reported late on Monday, citing a person familiar with the matter.

5:33pm EST

GM aims to boost GMC truck brand's U.S. market share

DETROIT - General Motors Co wants to boost the U.S. market share for its GMC truck brand by two-thirds over the next decade by advertising more heavily and introducing new vehicles, a top executive said on Monday.

4:26pm EST

Takata to double replacement inflator output over next six months

DETROIT - Takata Corp said on Monday it plans to double its capacity to make replacement air bag inflators over the next six months and testing on parts that could explode with too much force continues.

3:00pm EST

Near Fed majority backs June liftoff Yellen hasn't yet endorsed

WASHINGTON - Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike.

10:42am EST


  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary