Sunday, December 8, 2013
Former Goldman Sachs Group Inc. trader Matthew Taylor was sentenced Friday to serve nine months in prison and pay US$118 million in restitution to his former employer after he pleaded guilty to pursuing an unauthorized US$8.3 billion futures trade in 2007.
Saturday, December 7, 2013
A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent. The gains in the job market could spur greater economic growth.
Friday, December 6, 2013
The U.S. Justice Department plans to bring mortgage fraud cases against several financial institutions early in 2014, using as a template the case that ended last month in JPMorgan Chase & Co.'s US$13 billion settlement, U.S. Attorney General Eric Holder said on Wednesday.
A Federal Reserve survey showed Wednesday that the U.S. economy continues to grow steadily, with gains in all regions and most industries.
U.S. chief executives are more optimistic about improvement in the American economy, but worry that Washington's fiscal stalemate continues to hold back growth and jobs, a survey showed Wednesday.
Americans ramped up purchases of new homes in October after three months of soft sales, evidence that the housing recovery is improving fitfully.
Thursday, December 5, 2013
The holiday weekend was good to U.S. automakers, as November sales rose 9 percent to beat strong numbers from a year ago.
Online sales during the U.S. retail sector's Cyber Monday promotion grew 16 percent from last year to US$2.29 billion, lifted by more shopping on mobile devices, a market tracker said Tuesday.
Wednesday, December 4, 2013
U.S. manufacturing grew in November at the fastest pace in 2 years as factories ramped up production, stepped up hiring and received orders at a healthy clip.
Amazon.com Inc. and other online retailers with no physical presence in New York State must go on collecting sales tax after the U.S. Supreme Court on Monday declined to hear a legal challenge to the law that requires it.