As signs emerge that holiday retail sales this year grew at the weakest pace since 2008, investors are dumping retail stocks…
Top 10 business stories of the year
The three largest economies – the United States, China and Japan – struggled again in 2012. The 17 countries that use the euro endured a third painful year…
US new home sales jump to highest in 2 years
Americans bought new homes last month at the fastest pace in more than two and a half years, adding to other recent evidence that the housing market is steadily recovering…
US jobless rate falls to 7.7%
The drop, however, was largely due to the fact that more discouraged Americans stopped looking for work and weren’t counted as unemployed…
Citigroup to eliminate over 11,000 jobs
Citigroup says it will eliminate more than 11,000 jobs as it looks to cut expenses and improve efficiency…
Republicans’ new fiscal offer
Republicans in the House of Representatives proposed a new 10-year, $2.2 trillion blueprint for avoiding the looming “fiscal cliff.”…
China output of Japanese vehicles tumbles
Chinese vehicle production from Toyota and other major Japanese automakers tumbled in October amid a territorial dispute between the two Asian powers…
Shanghai stock index: 45-month low
Stock prices in Shanghai continued to slide after Tuesday’s close below 2,000 points, and the Shanghai Composite Index continued its downward trend…
