U.S. job growth cools, unemployment rate rises to 6.2 percent

WASHINGTON - U.S. job growth slowed in July and an unexpected rise in the unemployment rate pointed to some slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while.

Recent Business News

P&G profit up 37 percent on cost cuts, higher home care sales

- Procter & Gamble Co , the world's largest household products maker, reported a better-than-expected quarterly profit as its cost cutting efforts paid off and organic sales rose in its home care business.

9:41am EDT

Hyundai recalls in U.S. reach 1.3 million in same week

- South Korea's Hyundai Motor Co is recalling about 420,000 vehicles covering three models for separate problems in the United States, after recalling 883,000 Sonata sedans this week, according to U.S. safety regulators.

9:38am EDT

U.S. says India refusal on WTO deal a wrong signal

NEW DELHI/SYDNEY - U.S. Secretary of State John Kerry told Prime Minister Narendra Modi on Friday that India's refusal to sign a global trade deal sent the wrong signal, and he urged New Delhi to work to resolve the row as soon as possible.

8:55am EDT

China's factories spring to life as global trade reawakens

SYDNEY - Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade. | Video

8:26am EDT

Britain's RBS places restrictions on lending in Russia

LONDON - Part-nationalised British lender Royal Bank of Scotland said on Friday it had placed restrictions on its lending in Russia following developments in Ukraine.

3:52am EDT


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