Bloomberg News
ADP says companies in U.S. added 263,000 employees in March
WASHINGTON - Companies added workers to U.S. payrolls in March at the fastest pace since December 2014 on solid gains in construction and manufacturing and...
Billionaire dealmaker cools on M&A with focus on XPO growth
SAN FRANCISCO - Brad Jacobs made a fortune during a decades-long wave of mergers and acquisitions. Now he’s putting deal making on hold and focusing...
Payless, shoe retailer, files for bankruptcy in St. Louis
NEW YORK - Payless Inc., the bargain shoe store, filed for bankruptcy to slash debt as the retail spiral persists.
The chain sought Chapter 11...
U.S. car demand collapse jeopardizes Trump’s auto factory push
Ford Fusion: down 37 percent. Chevrolet Malibu: down 36 percent. Toyota Prius: down 29 percent.
As those grim numbers suggest, the U.S. auto industry was...
Drug middlemen have slim profit margins — Just ask them
NEW YORK - Companies of all kinds try to present their financial results in the best light possible to attract investors. One segment of the...
U.S. personal spending cools as inflation reaches Fed’s goal
WASHINGTON - U.S. consumer purchases rose less than forecast in February even as wage growth improved, according to government data that also showed inflation...
Trump in ‘beginning phases’ of tax talk as GOP mulls changes
NEW YORK - As President Donald Trump huddles with advisers over plans for a tax overhaul, Congress is considering options to soften a controversial...
Support grows for great rotation: Dumping U.S. stocks for Europe
LONDON - The chorus of strategists and investors rooting for European stocks over their U.S. peers is getting stronger.
While U.S. equities led the...
Citizens falls on report workers faked bank appointment data
NEW YORK - Citizens Financial Group Inc. dropped the most in the 24-company KBW Bank Index after some branch workers told a newspaper they...
U.S. fourth-quarter growth revised upward to 2.1% on consumption
WASHINGTON - The U.S. economy grew in the fourth quarter at a faster pace than previously reported on higher consumer spending, Commerce Department data...
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