Business

Photo

U.S. jobless claims rise; fourth-quarter productivity revised down

WASHINGTON - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week and nonfarm productivity contracted more sharply than previously thought in the fourth quarter.

Recent Business News

Greece cannot rely on ECB to dodge funding crunch

NICOSIA - Greece cannot rely on the European Central Bank to raise a limit on Athens' issuance of short-term debt, ECB President Mario Draghi suggested on Thursday.

9:05am EST

Citigroup's past losses may have helped it win Costco business

NEW YORK - Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: it lost so much money during the financial crisis that it has billions of dollars of tax credits.

2:03am EST

China signals 'new normal' with higher spending, lower growth target

BEIJING - China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signaled that the lowest rate of growth in a quarter of a century is the "new normal" for the world's No.2 economy. | Video

8:04am EST

Brent tops $61 as Iraq, Libya offset U.S. stockpile jump

LONDON - Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on tensions in Iraq and Libya.

7:11am EST

Kleiner ex-partner Pao to testify in own Silicon Valley bias case

SAN FRANCISCO - Former venture capitalist Ellen Pao could take the stand as early as Thursday in her gender discrimination lawsuit against her previous employer Kleiner Perkins Caufield & Byers, giving testimony that will likely make or break the case.

6:01am EST

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary