U.S. jobless claims tumble in latest week
The number of U.S. workers filing new applications for jobless insurance tumbled last week by a surprisingly large amount to the lowest level in more than a year, according to government data on Wednesday that gave fresh evidence the battered labor market is improving. Read Full Article here.
U.S. personal spending rises in October
U.S. consumer spending rose more than expected in October as incomes increased, data showed on Wednesday, offering some hope at the start of the fourth quarter for the nascent economic recovery. Read Full Article here.
GM grapples with Saab, Opel futures
General Motors was grappling with the future of two European units on Wednesday, seeking options for Saab after a sale collapsed and preparing to show unions its Opel restructuring plan. Read Full Article here.
Tiffany profit beats; view raised ahead of holiday
Tiffany & Co reported a larger-than-expected quarterly profit and raised its forecast for full-year earnings on the strength of its overseas sales and a solid start to the holiday season, sending the upscale jeweler's shares up nearly 6 percent. Read Full Article here.
Dollar index hits 15-month low after Fed minutes
The dollar hit a 15-month low against a currency basket on Wednesday after Federal Reserve minutes showed policymakers saw the U.S. currency's recent decline as orderly. Read Full Article here.
Infineon, Nokia co-operate on next mobile generation
Chipmaker Infineon has moved one step closer to supplying chips for high-end devices of Nokia by announcing a collaboration to create chips for the next mobile network generation. Read Full Article here.
JC Flowers in pursuit of UK bank assets
U.S. private equity investor JC Flowers is circling Britain's weakened banking industry, prepared to swoop on forced divestments over the next 12 months, according to the firm's new European and Asia Pacific boss. Read Full Article here.