U.S. core retail sales rebound solidly in January

WASHINGTON - U.S. consumer spending appeared to regain momentum in January as households ramped up purchases of a variety of goods, in a hopeful sign that economic growth was picking up after slowing to a crawl at the end of 2015.

Recent Business News

Volkswagen group sales return to growth in January

FRANKFURT Volkswagen group sales returned to growth in January thanks to demand in China, where core brand VW posted its best month ever despite the furor over the German carmaker's cheating of U.S. diesel emissions tests.

8:53am EST

Amazon acquires Italy-based software firm

Amazon Web Services, the cloud computing arm of Inc , said it has acquired NICE, a software developer for technical computing.

Tech, Deals 4:26am EST

Burberry faces U.S. lawsuit accusing it of deceptive price tags

LONDON British luxury fashion brand Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains.

Elon Musk's vision is not for the faint of heart

Leave it to Elon Musk to make a company's stock jump nearly 5 percent a day after reporting widening losses - all in the middle of a market selloff.

Global Energy News, Tech 11 Feb 2016

Fed's Yellen sticks to her guns as global market rout worsens

WASHINGTON Federal Reserve Chair Janet Yellen returned to Congress on Thursday and again stressed that the U.S. central bank was not on a "pre-set" path to return policy to "normal" given a worsening meltdown in global stock markets.

11 Feb 2016


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