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.
Chinese manufacturing grew weakly in April, suggesting a slowdown in the world's second-largest economy is stabilizing, an industry group said Thursday.
Former General Motors CEO Dan Akerson's compensation fell 18 percent last year to just over $9 million, which the company said was due to the timing of stock awards.
The International Monetary Fund raised its economic growth forecast for China on Monday but warned that its financial system faces risks due to the rapid expansion of debt.
U.S. consumer confidence surged in April, approaching the highest level since the recession began in 2007 as Americans reported greater optimism about their financial situation and the economy.
Positive numbers continue to indicate that manufacturing is shaking off its winter blues and that this could be a good year.
The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.
General Motors says first-quarter profit fell 86 percent as a series of recalls dragged down its earnings.
A recent survey from Entrada Group posits a rather interesting conclusion: the U.S. is now considered the prime location for low-cost manufacturing, with Mexico a close second, and China falling far behind.