Business The New Economy

  • US retail sales fall 0.6 percent as winter worries linger (+video)

    Retail sales fell unexpectedly for the third straight month in February, according to the Commerce Department. February brought plunging temperatures and record snowfall to much of the US, and such conditions can be a particular drag on big-ticket retail purchases like cars and furniture.

  • US economy added 295,000 jobs in February. What winter? (+video)

    The US economy added 295,000 jobs in February, ticking unemployment down to 5.5 percent, according to the Labor Department. Many expected a harsh winter to to have more of an effect on employment, but the jobless rate is now at its lowest level in seven years. 

  • Corporate tax reform will hurt small business, unless ... (+video)

    Corporate tax reform will pose a big problem for America's small businesses unless Congress tackles the 'pass-through' problem. By letting firms deduct dividends distributions, lawmakers could erase many of the tax complications business owners currently face.   

May 5, 2015

Photos of the day 05/05

A suspected member of a gang of kidnappers is taken through a crime scene reconstruction by Hong Kong police at a local market in Hong Kong Tuesday. The suspect is the only one of six people to be arrested after they allegedly kidnapped a heiress to a clothing fortune on April 25, freeing her in exchange for a 28 million Hong...

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