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Wednesday, May 27, 2015
Orders to U.S. factories for long-lasting manufactured goods fell slightly in April. But a category that reflects business investment climbed for a second month, a hopeful sign that this key sector is starting to revive.
China's Prime Minister Li Keqiang and Chilean President Michelle Bachelet signed a currency swap deal on Monday seeking to deepen economic ties by boosting trade and investment.
Friday, May 22, 2015
Sales of existing U.S. homes slipped in April due to relatively few listings and rising prices, a trend that could weigh on the recovering housing market.
Thursday, May 21, 2015
The city of Los Angeles voted Tuesday to increase minimum wage from US$9 to US$15 an hour in a move that is expected to boost quality of life for hundreds of thousands of its residents.
The city of Los Angeles voted Tuesday to increase minimum wage from US$9 to US$15 an hour in a move that is expected to boost quality of life for hundreds of thousands of its residents.
Imprisoned Wall Street swindler Bernard Madoff's former controller won't have to go to prison after a prosecutor praised her Tuesday for helping them successfully convict others in his multibillion-dollar fraud.
Wednesday, May 20, 2015
U.S. homebuilders ramped up construction in April to the fastest pace in nearly seven-and-a-half years, hinting at newfound momentum for an economy that has struggled in recent months.
A busy spring pushed Home Depot's first-quarter profit and revenue above Wall Street expectations and the world's biggest home improvement retailer raised its projections for both in 2015.
Tuesday, May 19, 2015
A record number of U.S. travelers are expected to take to the skies this summer thanks to a rebounding economy.
Details of the second year of JP Morgan Chase & Co.'s five-year, US$100 million commitment to invest in Detroit's economic recovery are scheduled to be announced Monday. The global financial services firm already has put US$34 million to work addressing some of the challenges faced by Detroit, which emerged in December from the largest municipal bankruptcy in U.S. history.
  
  
  
  
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