WASHINGTON - U.S. retail sales rose solidly in November, adding to signs of a strengthening economy that could draw the Federal Reserve closer to reducing the pace of monetary stimulus.
- Wall St. drops for third day on Fed concerns; focus on IPOs
- Exclusive: Penney shrinks top name brands as own labels take center stage
- American Airlines orders 60 Embraer jets worth $2.5 billion
- Liberty Global in talks to buy cable firm Ziggo
- GM to sell its 7-percent stake in French automaker Peugeot
Recent Business News
HELSINKI - State-controlled Finnish utility Fortum has agreed to sell its local power distribution grid to a group of institutional investors led by First State Investments and Borealis Infrastructure for 2.55 billion euros ($3.5 billion).
MUNICH/STUTTGART, Germany - Germany's highest court has rejected a request by former Deutsche Bank Chief Executive Josef Ackermann to keep a trove of documents out of a long-running lawsuit brought by heirs of the collapsed Kirch media empire.
- Pimco, home to the world's largest bond fund run by co-founder Bill Gross, said on Thursday that it expects U.S. economic growth to run between 2.25 and 2.75 percent in 2014.
PARIS - European aerospace group EADS pledged to shun risky investments and new aircraft programs for at least a decade as it promised investors a smoother ride under its Airbus brand in the wake of earlier development problems.
Today, GM announced its new CEO will be Mary Barra, the company's current head of global product development.