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U.S. trade act seen as mixed blessing for Africa

Nora Bannerman checks the pristine white uniforms made for American pharmacist Walgreens in her factory in the humid heart of the Ghanaian capital Accra.

Blue chips rise on GE, consumer sentiment

Blue-chip stocks rose on Friday, sending the Dow to a record, as General Electric Co's expanded share repurchase plan and a stronger-than-expected reading of consumer sentiment tempered worries about the economy's health.

Retail slump in June hints at tired U.S. consumer

U.S. retail sales posted their biggest monthly decline in nearly two years during June, according to government data issued on Friday, indicating the housing market slump and soaring gasoline prices are depressing consumer spending.

Can U.S. consumers hold up as economy slows?

Consumer spending fuels about two-thirds of total economic output and a pullback could weigh heavily on an economy already pegged to grow below trend this year.

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Futures indicate firm market open

U.S. stock index futures pointed to a higher start on Wall Street on Wednesday, recovering from the previous session's fall, when housing weakness hit shares. U.S. stocks slid on Tuesday as the subprime mortgage crisis escalated, undermining banking shares, while Home Depot and other housing-related companies cut their outlooks.

Budget deficit forecast to fall, but cautiously

The Bush administration is expected to slash its 2007 budget deficit estimate when it updates its forecast on Wednesday, but uncertainty over slowing corporate receipts may lead the White House to express a more cautious view than some in the financial markets.

Stocks drop on housing weakness worries

Stocks slid on Tuesday as the subprime mortgage crisis escalated, undermining banking shares, while Home Depot Inc. and other housing-related companies lowered their outlooks.

Stocks may rise as earnings season starts

U.S. stocks could rise this week if the first wave of quarterly earnings inject optimism about results for the period and on economic growth that has surprised on the upside.

Strong jobs growth bodes well for economy

Employers added 132,000 jobs in June and payrolls rose more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.

Europe heads to beach, America heads to work

As Europe's workers take a few weeks of holiday this summer, their American colleagues will be lucky to get a few days off work, says a report published by the European Trade Union Institute.

U.S. says Doha risks being delayed several years

A deal could be off, as the U.S. stepped up criticism of India and Brazil over failed talks

U.S., South Korea sign trade pact; face Congress fight

The United States and South Korea signed a free trade agreement on Saturday that will face tough opposition in the U.S. Congress because of Democratic Party concerns that it will cost auto industry jobs.

Trade, travel issues at U.S. border rankle Canada

Trade and travel problems along the U.S-Canadian border remain a serious aggravation for the government of Prime Minister Stephen Harper, Canada's ambassador to Washington said on Monday.

Japan, U.S. experts to meet on beef trade rules

Japanese and U.S. experts will meet on Wednesday and Thursday to discuss technical issues relating to American beef trade, Japan's Farm Ministry said in a news release on Monday.

U.S. blames Brazil, India for failure of G4 talks

U.S. officials said India and Brazil were to blame for the breakdown on Thursday of trade talks that some were billing as a final chance to spur the Doha round toward completion.

South Korea, U.S. review sweeping trade deal

The nations will review labor and environmental standards in a deal struck earlier in the year.

U.S. groups present divided view of South Korea pact

U.S. businesses painted dramatically different portraits of a new trade deal with South Korea on Wednesday, some touting lucrative sales opportunities and others charging the Bush administration had brought home an abominable deal for U.S. workers.

South Korea says U.S. wants revisions to FTA pact

South Korea said on Sunday that the United States had proposed some revisions to a free trade agreement between the two countries, in areas including labor rights, environment and investment.

Samsung Elec to invest $3.5 billion in U.S. chip plant

Samsung Electronics Co. Ltd., the world's largest memory chip maker, said it would invest $3.5 billion in its 10-year-old U.S. chip plant by 2008 to produce flash memory chips.

Futures point higher on Intel, CPI looms

U.S. stock futures pointed to a flat to slightly higher open on Friday, with technology shares likely to underpin gains after a broker upgrade of Intel Corp. , but investors were cautious ahead of key inflation data.

Audi sets long-term target for U.S., China: report

Volkswagen's Audi premium unit aims to raise sales in the United States to 200,000 vehicles by 2015 from last year's 90,000, Audi's sales and marketing boss told a German newspaper.

US Air close on Boeing vs Airbus decision: CFO

US Airways Group may reach a decision this month on whether to proceed with an order for 20 Airbus wide-body planes or switch to Boeing Co. aircraft, the carrier's chief financial officer said on Wednesday

Retail sales jump 1.4 pct in May

Sales by retailers rebounded by a stronger-than-expected 1.4 percent in May as consumers shrugged off higher gasoline prices and increased spending on cars, clothing and building materials, a Commerce Department report showed on Wednesday.

Starbucks to Cut Artificial Trans Fats in U.S. by End of 2007

Starbucks Corp. (Nasdaq: SBUX) said Monday that it would end the use of artery clogging trans fats in food and beverages in the continental U.S., Alaska and Canada by the end of 2007.

US Steel Rises, Lone Star Rockets on Acquisition

Shares of U.S. Steel Corp. (NYSE: X) rose moderately and Lone Star Technologies, Inc. (NYSE: LSS) rocketed Thursday, after an announcement by U.S. Steel that it had agreed to buy Lone Star.

Tesco profit tops forecasts

Tesco topped analysts' average forecast with a 12.5 percent rise in underlying first half profit on Tuesday and said its plans to expand in non food and the United States were on track.