U.S. trade deficit largest since 2008 as imports surge

WASHINGTON - The U.S. trade deficit surged to its highest level in nearly 6-1/2 years in March as imports rebounded strongly after being held down by a labor dispute at key West Coast ports, suggesting the economy contracted in the first quarter.

Recent Business News

VW aims to find new chairman quickly and return focus to business

HANOVER, Germany - Volkswagen said it would try to find a new chairman quickly and announced a long-planned tie-up of its truck brands, seeking to return the focus to business following the carmaker's shock ouster of former patriarch Ferdinand Piech.

7:48am EDT

Fed's Yellen says met firm at heart of leak probes

WASHINGTON/NEW YORK - U.S. Federal Reserve Chair Janet Yellen met with a research firm that later published confidential information from the central bank, she said on Monday.

04 May 2015

Pimco Total Return Fund loses world's biggest bond fund title

- The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals.

04 May 2015

Exclusive: Head of Coutts Intl set to exit following UBP deal - source

ZURICH - Alexander Classen, chief executive of Royal Bank of Scotland's overseas private banking arm, is set to step down shortly following a sale to Union Bancaire Privee (UBP), according to a person familiar with his thinking.

7:45am EDT

Fancy fast food shares surge in U.S. as Shake Shack draws shorts

SAN FRANCISCO - Investors seem willing to pay just about anything for a better burger.

7:46am EDT


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