Economy news and stories by mail.com

Economy

Solid Jan. hiring would boost hopes for US economy
The January employment report is expected to show Friday that job growth remained steady last month even though Americans began receiving smaller ...
US weighs tougher action over China cyberattacks
High-level talks with the Chinese government to address persistent cyberattacks against U.S. companies and government agencies haven't worked, so ...
Asia stock markets mixed on US jobless data
Asian stock markets were mixed Friday after a weak jobs report from the U.S. unnerved some investors, although losses were stanched by Wall Street's ...
China manufacturing growth in January weak
China's manufacturing activity expanded in January in a new sign of recovery for the world's second-largest economy but growth was weak, two surveys ...
Japan industrial production up 2.5 percent in Dec.
Japan's industrial production picked up pace in December from the month before, in a sign the world's third-largest economy may be stabilizing thanks ...
US looking at action against China cyberattacks
The Obama administration is considering more assertive action against Beijing to combat a persistent cyber-espionage campaign it believes Chinese ...
Congress sends bill to Obama averting govt default
Congress sent President Barack Obama drama-free legislation on Thursday raising the debt ceiling, averting a government default and putting off the ...
Gasoline prices get early start on spring surge
Gasoline prices are getting an early start on their annual spring march higher. The average U.S. retail price rose 13 cents over the past two weeks ...
Dow logs best January in nearly 2 decades
The Dow logged its best start to the year in almost two decades. Stocks rallied in the first week of the year after U.S. lawmakers reached a deal to ...
Report: Small business hiring edged up in January
Small businesses nudged up their hiring during January for a second straight month, according to a survey released Thursday. The survey by the ...
UPS 4Q results, 2013 outlook miss estimates
United Parcel Service Inc. says weak global trade and a disappointing holiday-shopping season slowed it down in the fourth quarter. Profit in the last ...
Latvia takes big step to joining euro
Unemployment, recession, debt, crisis and bailouts: These have been the sort of words that have been associated with the euro currency over the past ...
Oil falls on US unemployment claims data
The price of oil fell Thursday as U.S. unemployment claims rose more than expected. Benchmark oil for March delivery fell 45 cents to close at $97.
Obama decides not to extend term of jobs council
President Barack Obama is letting his jobs council expire, cutting off one source of input from business leaders while unemployment remains stubbornly ...
RIM shares down again after new BlackBerry launch
Research In Motion's stock gyrations reflect investors' key concern: Is the BlackBerry maker's new phone the company's savior or isn't it? THE SPARK: ...
LVMH cashes in on rising luxury goods demand
French luxury conglomerate LVMH Moet Hennessy Louis Vuitton confirmed Thursday that it's recession-proof: Net profit rose 12 percent last year, as ...
Q4 profit up to $543 million for Spain's Santander
Spain's Banco Santander says it made a net profit of €401 million ($543 million) for 2012, up from €47 million for the same period a year earlier, but ...
US consumer spending up slight 0.2 percent
U.S. consumers increased their spending in December at a slower pace, while their income grew by the largest amount in eight years. Income surged ...
Weekly US jobless aid applications rise to 368K
The number of Americans seeking unemployment aid rose sharply last week but remained at a level consistent with moderate hiring. Weekly applications ...
Greek doctors, public transport workers on strike
Greek doctors, port workers and public transport staff in the country's capital walked off the job Thursday in strikes against deeply unpopular ...
Economic jitters compete with Obama agenda
Just as President Barack Obama is pushing new initiatives on gun control and immigration, the gloomy old problem of a sluggish economy is elbowing its ...
Futures head lower; new jobs and consumer data
Stock futures are heading lower as the government releases new data on consumer spending and unemployment. Dow Jones industrial futures are down 13 ...
Dow Chemical sees deterioration in China in 4Q
Dow Chemical saw significant deterioration in key markets during the fourth quarter, particularly in China, and posted a wider fourth-quarter loss ...
Oil prices stay near $98 ahead of US jobs data
Oil prices hovered near $98 a barrel Thursday, close to four-month highs, as traders waited for more economic indicators from the U.S. By early ...
German unemployment sees seasonal rise in January
Germany's unemployment rate increased to 7.4 percent in January as the country was hit by harsh winter weather, but seasonally adjusted jobless ...