Business

Photo

Jobless claims data suggests labor market strength

WASHINGTON - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington.

Recent Business News

Ally to pay $2.1 billion to settle ResCap litigation

- Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets.

10:49am EDT

Former Chrysler, Fisker CEO launches venture fund with Penske

DETROIT - Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups.

11:55am EDT

U.S., Chinese factories struggle, Fed hints at less stimulus

LONDON/NEW YORK - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the global economy starts to pick up steam.

10:27am EDT

Forest Labs' longtime CEO Solomon to step down at year-end

- Forest Laboratories Inc said Howard Solomon, its chief executive of more than 35 years, will retire at the end of this year, capping a tenure that saw the company morph from a small generic and vitamins maker to a $10 billion corporation.

11:52am EDT

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors
Stock Search
DOW 15,301.57 -5.60 -0.04%
S&P 500 1,649.74 -5.61 -0.34%
NASDAQ 3,457.17 -6.13 -0.18%
TR US Index 149.47 -0.57 -0.38%
EUR/USD 1.2908 +0.40%
GBP/USD 1.5086 +0.26%
USD/JPY 101.62 -1.46%
Gold 1,378.70 +11.10 +0.81%
Oil 93.66 -0.62 -0.66%
Corn 663.75 +5.25 +0.80%

Trending Tickers