IBT Staff Reporter

70441-70470 (out of 154953)

Economy struggling to regain speed

Unexpectedly weak consumer spending kept the economy stuck in a slow growth gear in the first quarter and would likely struggle to regain speed amid signs of a slowdown in the pace of job creation.

New York Ends Practice of Scrubbing Regents

One month before Regents exams begin, New York State education officials have decided to end the practice of rescoring tests to turn a just-failing grade into a passing grade.

Instant view: Jobless claims up; GDP unrevised

New U.S. claims for unemployment benefits unexpectedly climbed to 424,000 last week from a revised 414,000 in the prior week, pointing to a painfully slow improvement in the nation's job markets.

Jets may hold camp at NJ headquarters

The New York Jets may not hold their training camp on the campus of SUNY-Cortland, in upstate New York, because of the lockout, instead training at their headquarters in Florham Park, New Jersey.

Lenovo quarterly net profit more than triples

Lenovo Group Ltd, the world's No.4 PC brand, more than tripled its fourth-quarter net profit, beating forecasts on robust demand from commercial customers and making up for a slowdown in the consumer sector.

Oil slips as economic data disappoints

Oil retreated on Thursday, pressured by gloomy U.S. economic data, but dollar weakness and supply concerns sparked by renewed violence in the Middle East helped limit losses.

Corporate profits fall, jobless claims up

Corporate profits contracted in the first quarter for the first time in more than two years and the economy grew at the same pedestrian pace as previously estimated, government data showed on Thursday.

Zuckerberg says not opening Facebook to under-13s

Facebook is not working on opening up the world's biggest social network to children under the age of 13 in the short term, founder and Chief Executive Mark Zuckerberg said Wednesday, contradicting some media reports.

Alipay gets licence to set up e-payment system

The Alipay system affiliated with Jack Ma's Alibaba Group has received a license from China's central bank to operate an electronic payment system in the country, the company said on Thursday.

Jobless claims up in latest week

New claims for unemployment benefits unexpectedly climbed to 424,000 last week from a revised 414,000 in the prior week, pointing to a painfully slow improvement in the nation's job markets.

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