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

Russian central bank makes surprise interest rate cut

MOSCOW - Russia's central bank unexpectedly cut its main interest rate on Friday as fears of recession mount in the country following the fall in global oil prices and Western sanctions over the Ukraine crisis.

8:53am EST

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 7:28am 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 swiped their cards more often.

9:04am 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

Islamic State attacks Kurdish outposts across Iraq

BAGHDAD - Islamic State militants struck at Kurdish forces southwest of the Iraqi city of Kirkuk on Friday, while bombs in Baghdad and Samarra killed at least 21 people.

World, Iraq 9:38am EST