News

Photo

U.S. economy cools in fourth quarter, but consumer spending shines

WASHINGTON - U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.

Recent Top News

Japan, Jordan seek news on fate of Islamic State captives

AMMAN/TOKYO - Japan and Jordan scrambled on Friday to find out what had happened to two of their nationals being held by Islamic State, after a deadline passed for the release of a would-be suicide bomber being held on death row in Amman. | Video

World, Japan 12:46pm EST

Hezbollah: we don't want war with Israel but do not fear it

BEIRUT - The leader of Lebanon's Hezbollah said on Friday his group did not want war with Israel but was ready for one, and reserved the right to respond to Israeli attacks any time, anywhere.

World, Israel, Lebanon 1:20pm EST

MasterCard profit beats expectations as customers spend more

- MasterCard Inc , the world's No. 2 debit and credit card company, reported a better-than-expected profit for the holiday shopping quarter as customers dug deeper into their pockets.

11:46am EST

Chevron's profit beats as chemical sales offset cheap oil

WILLISTON, N.D. - Chevron Corp , the second-largest U.S. oil producer, reported a higher-than-expected quarterly profit on Friday as sales of chemicals, lubricants and other refined products helped offset plunging crude prices .

1:30pm EST

Xerox cuts profit forecast again as revenue slide continues

- Xerox Corp , which has been shifting its focus to IT services from making printers and copiers, cut its profit forecast for 2015 for the second time after reporting its sixth-consecutive drop in quarterly revenue.

9:37am EST