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.
Recent Business News
BRUSSELS - U.S. cable group Liberty Global is in takeover talks with Dutch operator Ziggo, its latest move to consolidate the sector in Europe with a deal analysts say could cost around 5 billion euros ($6.9 billion).
- Bank of America Corp has agreed to pay $131.8 million to settle U.S. Securities and Exchange Commission charges that its Merrill Lynch unit misled investors about collateralized debt obligations it structured and sold.
- 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.