- Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.
U.S. Wages Show Fresh Sign of Breakout U.S. employers’ labor costs picked up this summer for the second straight quarter, a sign that worker pay could finally break out of its postrecession pattern of sluggish growth.
U.S. Consumers Cut Spending Americans cut spending last month for the first time since January, raising doubts about the economy’s ability to maintain the summer’s sturdy growth.
U.S. Extends Solid Growth, Sidestepping Global Tumult The U.S. economy expanded at a healthy 3.5% annual pace during the third quarter, a sign of sustained growth fueled by government spending and a narrower trade deficit despite mounting concerns about the health of overseas economies.
BOJ Unexpectedly Eases Policy The Bank of Japan on Friday unexpectedly announced additional stimulus measures, bolstering its asset purchases for the first time in over a year and a half, as its 2% inflation target looks increasingly untenable.
Fed Closes Chapter on Easy Money The Federal Reserve said it would end its long-running bond-purchase program, concluding a historic experiment that stirred disagreement among policy makers, economists and investors about its impact.
Economy Stokes Anger at Governors Despite rising consumer confidence, Republican and Democratic governors are struggling in Florida, Colorado, Michigan and Connecticut.
Sanctions Are Seen Hurting Moscow The European Union estimates its sanctions on Russia will only have a modest impact on the bloc’s economy this year and next but will slice 1.1 percentage points off Russia’s growth rate next year.
The New Science of Food Additives Americans’ growing appetite for food with bold and exotic tastes is bumping up against another trend—demand for more-natural food—complicating the industry’s R&D efforts and potentially raising costs.
Wal-Mart Weighs Matching Web Prices Wal-Mart is testing a program to match online prices from rivals like Amazon this holiday season, a move that could make the discounter more competitive but cut into profits.
Exxon Posts Strong Results Exxon said its third-quarter earnings edged up 2.5% as higher refining margins and improvements at its refining and marketing segment helped offset lower production.
Former Android Leader Leaving Google Andy Rubin, co-founder and former leader of Google Inc.’s Android mobile business and the current head of its nascent robotics effort, is leaving the Internet company, the company said Thursday.
Sony Posts Hefty Loss Sony reported a $1.2 billion loss after writing down the value of its struggling smartphone business, but strong PlayStation sales brightened up the quarterly report.
U.S., Russia Drag on AB InBev Sales Anheuser-Busch InBev reported that weakness in the U.S., Russia and Ukraine weighed on sales volumes in the third quarter, even as cost cuts and strong sales elsewhere boosted profit.
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