Business

Business U.S. consumer prices drop 0.4 percent in December U.S. consumer prices drop 0.4 percent in December
U.S. consumer prices fell in December by the largest amount in six years, reflecting another big monthly decline in gas prices and providing further evidence of falling inflation pressures.
Business Target to shut 133 Canada stores to stem massive losses Target to shut 133 Canada stores to stem massive losses
Target is giving up on Canada. More than 17,600 employees will eventually lose their jobs when the U.S. discount retailer closes its 133 Canadian stores after only about two years to cut losses that went as high as a billion dollars a year.
Business U.S. wholesale prices drop 0.3 percent in December U.S. wholesale prices drop 0.3 percent in December
U.S. wholesale prices fell in December by the largest amount in more than three years, reflecting the biggest monthly decline in the cost of gasoline in six years.
Business Holiday shopping hiccup: U.S. retail sales fell in December Holiday shopping hiccup: U.S. retail sales fell in December
Americans actually cut back last month after ramping up spending in November, perplexing analysts who had expected strong retail sales in December in light of rising job growth and sinking gas prices.
Business Fed survey finds moderate economic growth Fed survey finds moderate economic growth
The U.S. economy was growing at a moderate pace in December and early January, helped by gains in sales of autos and other consumer products, increased factory production and a pickup in tourism in various parts of the country, the Federal Reserve reported Wednesday.