BUSINESS

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Solid U.S. retail sales may ease Q1 growth worries

U.S. retail sales rose solidly in March as Americans shrugged off high gasoline prices and bought a range of goods, implying that economic growth in the first quarter was probably not as weak as many had feared.

Retail sales beat expectations in March

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Retail sales rose more than expected in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting that economic growth in the first quarter did not slow as much as many had feared.
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Citigroup quarterly profit falls

Citigroup Inc reported lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets.
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Q+A: The 'Buffett Rule,' a minimum tax on the rich

President Barack Obama and congressional Democrats are laying a political trap for Republicans to be sprung on Monday when the U.S. Senate is slated to vote on the proposed Buffett Rule, which would slap a minimum tax on the highest-income Americans.
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DuPont's armored car kit a hit in Brazil

Would you bulletproof a Kia? If you live in Brazil, the answer could very well be yes - to guard against robbers at stop signs in Sao Paulo or traffic jams in Brasilia.
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Credit Suisse could cut 5,000 jobs: paper

Swiss bank Credit Suisse could announce the loss of up to 5,000 jobs in its investment banking business at its forthcoming first-quarter results, a Swiss newspaper reported on Sunday.
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IMF funds drive caught in global power shift

Tensions among some of the world's leading economies have boiled up over a plan to raise new resources for the International Monetary Fund to contain the euro zone debt crisis, and a quest by emerging economies to win more say in the global lender.
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Google's stock split raises questions

An unusual stock split designed to preserve Google Inc founders' control of the Web search leader raised questions and some grumbling on Wall Street, even as investors focused on the company's short-term business concerns.
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Analysis: IMF funds drive caught in global power shift

Tensions among some of the world's leading economies are on a boil over a plan to raise new resources for the International Monetary Fund to contain the euro zone debt crisis and a quest by emerging economies to win more say in the global lender.
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Manhattan tech/media companies grow up and out

Less than four months after new technology company SocialFlow Inc moved from the fashionable digs it shared with six other firms in Manhattan's chic Meatpacking District, it is again looking for more office space.
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Goldman Sachs CEO gets $16.2 million pay package

Goldman Sachs Group Inc Chief Executive Lloyd Blankfein's compensation increased 14.5 percent to $16.2 million in 2011 despite a sharp decline in profits and share price during the year, leaving the bank open to more attacks on its pay policies.
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Wall Street set to end week lower; banks lead losses

Wall Street was on track to end the week lower on Friday as the rising cost of insuring Spanish debt against default increased worries about Europe's financial health, sparking a selloff in financial stocks.
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JPMorgan gets boost from better economy, trading

An uptick in trading and dealmaking lifted JPMorgan Chase & Co's first-quarter profits out of the funk of late 2011, but the recovery fell short of the good times the largest U.S. bank enjoyed a year ago.
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Consumer sentiment dips in early April

Consumer sentiment slipped modestly in early April as higher gasoline prices hit household budgets but optimism over the economic outlook lifted consumers' expectations, a survey released on Friday showed.

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