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.
The victims vary: Fast-food colossus McDonald's. Technology giant Oracle. Medical device maker Cooper Cos. The culprit's the same: A surging U.S. dollar
U.S. factory production rose in December as manufacturers churned out more furniture, computers and clothing, offsetting a decline in autos.
Goldman Sachs posted a 10 percent drop in fourth-quarter earnings Friday as trading activity declined.
The European Union's executive says the tax deal Amazon signed with Luxembourg may be illegal.
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.
A healthier U.S. housing market and economy helped to winnow foreclosures in 2014 to levels not seen since before the housing bust.
The end of the holiday shopping season led to more Americans seeking unemployment benefits last week, raising the number of applications to an 18-week high. Still, the number remains near historically low levels.
Average long-term U.S. mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013.
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.
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.
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.
General Motors says it expects pretax earnings and profit margins to increase this year over last, after adjusting last year for recall costs.
U.S. businesses added to their stockpiles by a modest amount in November, even though sales were weak for a fourth consecutive month.
Wells Fargo & Co. reported a slightly higher fourth-quarter profit as the country's biggest mortgage lender generated more income from interest payments.