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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.

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Ford expands Takata driver-side air bag recall in U.S.

DETROIT - Ford Motor Co on Thursday expanded the recall of older-model Mustang cars that have driver-side Takata air bags with inflators, to include about 502,500 vehicles.

2:21pm EST

Canada unveils major wireless spectrum plan

TORONTO - The Canadian government unveiled a major update to its wireless airwave policy on Thursday, as it seeks to lower cellphone bills and bolster its coffers ahead of a federal election next year.

5:26pm EST

U.S. December auto sales seen up 10.4 percent: JD Power, LMC

DETROIT - U.S. auto sales will end the year strongly, as December sales will be 10.4 percent higher than a year ago, JD Power & Associates and LMC Automotive said on Thursday.

1:48pm EST

Goldman's Waldron promoted to co-head of investment banking

NEW YORK - Goldman Sachs Group Inc has promoted John Waldron to co-head of its investment banking business, replacing John S. Weinberg, a vice chairman whose family has been in the senior echelons of the investment bank since the 1920s.

3:10pm EST

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.

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