Discounts, promotions spur sales in U.S. holiday season
(Reuters) – Sales during the 2013 U.S. holiday season grew from a year earlier as deep discounting and increased promotions encouraged consumers to buy more.
Retailers lead Dow, S&P 500 to record closing highs
NEW YORK (Reuters) – U.S. stocks rose on Thursday, with the Dow and S&P 500 ending at record highs as retail shares rallied following strong data about the holiday shopping season.
Small jet makers see big chance as China prepares to open skies
BEIJING (Reuters) – Ferraris and Rolls-Royces have become common sights in China’s cities as a new class of super-rich indulge a growing appetite for luxury, but tight regulation has meant the private jet, the ultimate status symbol of the global elite…
Food prices; a bricks and mortar problem for Indian economy
GURGAON, India (Reuters) – Three months since journeying more than 700 milesfrom his village in central India to take a job in this bustling city near the capital, New Delhi, Charan is already looking forward to a 10 percent pay rise. He isn’t an engin…
Empire State Building IPO hurt investors, lawsuit claims
NEW YORK (Reuters) – Investors in the Empire State Building have filed a lawsuit accusing the real estate magnates who took it public of short-changing them $300 million by refusing to sell the iconic skyscraper at a premium price.
After early Boxing Day rush, UK shopper numbers flat on last year
LONDON (Reuters) – After an initial rush to British retail stores for the Boxing Day sales on Thursday, only 0.5 percent more shoppers showed up than last year, final figures from retail data company Springboard showed.
U.S. jobless claims fall, holiday retail sales rise
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly a month, a hopeful sign for the labor market, while holiday retail sales rose in November and December.
Analysis: As Fed tapers, don’t count out emerging market currencies
NEW YORK (Reuters) – When the Federal Reserve first started talking about cutting its massive stimulus earlier this year, emerging-market currencies went into a tailspin. This time round, investors don’t see that happening.
U.S. regulator fines Barclays over decade of records failures
(Reuters) – Barclays Plc has been fined $3.75 million by a U.S. regulator over its alleged decade-long failure to properly keep electronic records, emails and instant messages.
Court rejects BP bid to require proof of Gulf oil spill losses
(Reuters) – BP Plc has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.
