U.S. jobless claims signal firmer labor market; other data mixed

WASHINGTON - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continued to strengthen.

Recent Business News

Two Wells Fargo units to pay $1.5 million for anti-money laundering lapses: FINRA

- Two brokerage units of Wells Fargo & Co must pay a joint $1.5 million fine for failing to comply with anti-money laundering regulations by not verifying 220,000 new accounts during a nine-year period, the Financial Industry Regulatory Authority (FINRA) said on Thursday.

Volkswagen CEO says will certainly meet 2017 profit goal: source

DRESDEN, Germany - Volkswagen AG Chief Executive Martin Winterkorn said Europe's largest carmaker would definitely be able to improve its results by 5 billion euros by 2017 as planned, according to a person close to management thinking who attended a conference on Thursday where Winterkorn was speaking.

11:46am EST

Mercedes recalls 4,871 cars, SUVs in U.S. for possible oil leak

DETROIT - Mercedes-Benz is recalling 4,871 sedans and SUVs in the United States because of a potential oil leak, according to documents filed with U.S. safety regulators.

9:11am EST

Russian ruble weakens as traders see no major measures in Putin speech

MOSCOW - The ruble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference.

12:03pm EST

GM, JLR suspend car deliveries to Russian dealers

HAMBURG/PARIS - Carmakers including General Motors and Jaguar Land Rover have stopped delivering to Russian dealerships in response to the sharp slide in the value of the rouble.

9:31am EST


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