U.S. economic growth slows in fourth quarter; corporate profits fall

WASHINGTON - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending.

Recent Top News

Police seek two people reportedly missing after New York explosion

NEW YORK - Two people were reportedly missing on Friday in the wake of an apparent gas explosion that destroyed four New York apartment buildings and injured 19 people, police said. | Video

10:27am EDT

Oil down as Iran deal eyed; U.S. crude in for best week in four years

NEW YORK - Oil fell on Friday as fears about the disruption of Middle East crude shipments from Yemen's conflict eased, and focus turned to the likelihood of an Iranian nuclear deal by next week that could put more supply on the market.

12:07pm EDT

U.S. Fed weighs insurers' proposal for new capital rules

WASHINGTON - The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records of a recent meeting between the two sides seen by Reuters and people familiar with the matter.

1:13pm EDT

Exclusive: Yoox and Net-a-porter in merger talks again - sources

PARIS - Online fashion retailers Yoox and Richemont's Net-a-Porter are trying to resuscitate merger talks that took place more than a year ago to better fight cut-throat competition, industry sources told Reuters.

Tech, Deals 1:15pm EDT

South Korea demands release of two men accused by North Korea of espionage

SEOUL - South Korea demanded the immediate release on Friday of two of its citizens being held in North Korea on accusations spying. | Video


Syria's Assad calls chlorine allegations 'malicious propaganda': CBS

WASHINGTON - President Bashar al-Assad of Syria dismissed as "malicious propaganda" allegations that his troops used chlorine gas in the fight against insurgent rebels, according to an interview broadcast on Friday on CBS "This Morning."