Orders to U.S. factories for long-lasting manufactured goods advanced for a third month in April, but much of the strength came from a big surge in demand for military aircraft.
A gauge designed to predict the economy's future health posted a solid gain in April, further evidence of stronger growth after a severe winter dampened activity.
China's manufacturing contraction eased in May, suggesting the slowdown in the world's second biggest economy is stabilizing.
Unemployment rates fell in nearly all U.S. states last month, and half the states now have rates below 6 percent. The figures are a sign of widespread, if slow, improvement in the nation's job market.
The economic sanctions levied against Russia for its involvement in Ukraine has taken a bite out of the profits of some U.S. companies that do business in Russia.
The Michigan Senate approved raising the state's minimum wage to $9.20 an hour from $7.40 in a compromise that some supporters hope will pre-empt a ballot drive to raise it to $10.10.
The number of people seeking U.S. unemployment benefits fell to the lowest level in seven years last week, a sign the job market is steadily improving.
U.S. factory output took a breather in April after two months of strong growth, as manufacturers produced less furniture, machinery and plastics.
Higher food and gas costs pushed up U.S. consumer prices in April by the most in 10 months, evidence that inflation is ticking up from very low levels.
Sony Corp. sank to a 138 billion yen ($1.3 billion) quarterly loss, hit by costs from selling its personal computer business, and is forecasting more red ink as it struggles to execute a long-promised turnaround.
The prices U.S. companies receive for their goods and services rose by the most in seven months in April, led by more expensive food and higher retail and wholesale profit margins.
Frozen food makers plan to launch their first national TV ad in defense of their products on Tuesday as the category fights to boost slipping sales.
Chrysler Group lost $690 million in the first quarter due to charges related to its merger with Italian automaker Fiat SpA.
Nissan's quarterly profit edged up nearly 5 percent as sales grew around the world and a favorable exchange rate helped earnings.
U.S. wholesale businesses increased their stockpiles in March by the largest amount in five months while sales increased at the fastest clip in 10 months.
McDonald's says a key sales metric was flat in April in the U.S., as the world's largest hamburger chain worked to fend off competitors and improve service in its restaurants.
Passenger vehicle sales rose 11.6 percent to 1.6 million vehicles. That was up from March's 7.9 percent growth.
The falling productivity coupled with a slight increase in hourly compensation led to labor costs rising 4.2 percent in the first quarter.
In an abysmal showing, only about one-quarter of U.S. high school seniors performed solidly in math in a major assessment known as the nation's report card.
It is estimated that each 1 percentage point drop in China's economic growth causes as much damage to the U.S. economy as a $20-a-barrel increase in oil prices.
The U.S. trade deficit narrowed in March as exports rebounded to the second highest level on record, led by strong gains in sales of aircraft, autos and farm goods.
China's manufacturing contracted in April for the fourth straight month but the pace of decline was less severe, suggesting the downturn in the world's No. 2 economy is bottoming out.
Orders to U.S. factories advanced strongly for a second month in March while demand in a key category that signals business investment plans increased by the largest amount in more than a year.
That the PMI settled down a bit from March, only demonstrates that the rate of growth is continuing at a steady pace, overall.