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Solid U.S. retail sales may ease Q1 growth worries

U.S. retail sales rose solidly in March as Americans shrugged off high gasoline prices and bought a range of goods, implying that economic growth in the first quarter was probably not as weak as many had feared.

Retail sales beat expectations in March

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Retail sales rose more than expected in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting that economic growth in the first quarter did not slow as much as many had feared.
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A customer looks at laptops at a Dell outlet in Beijing

HP Keeps PC Crown But Asian Vendors Take Share

Hewlett-Packard Co. (NYSE: HPQ), the No. 1 PC vendor, kept its crown in the first quarter and added share as worldwide PC shipments rose 1.9 percent, market researcher Gartner (NYSE: IT) said.
North Korea

Washington Suspends Food Aid After North Korean Rocket Failure

Failure of the satellite and rocket, launched to mark the ascendancy of Kim Jong-un and celebrate the 100th birthday of North Korea's founder, the late Kim Il-sung, sparked fears the country will pursue further launches nuclear tests.
The Nissan logo on a car.

Nissan Expanding Chinese Operations

Nissan Motor Co. will invest as much as 40 billion yen, $494 million, to build a fourth Chinese factory through its joint venture with Dongfeng Motor Group Co., Nikkei reported Friday.
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Lagarde says IMF may need less money for war chest

A stronger firewall is needed to protect the world economy from Europe's debt crisis, but the International Monetary Fund may not need as much money as it thought just a few months ago, the head of the global lender said on Thursday.
North Korean Soldier at Launch Site

Japan Prepared For North Korean Rocket Launch

Japan is ready to shoot down the North Korea's Unha-3 rocket with its Patriot Advanced Capability-3 land-to-air missiles if the rocket flies over Japanese airspace.
WTO trade map

WTO Warns Global Trade Will Shrink Again In 2012

Trade growth is expected to slow for a second year in 2012 amid severe downside risks that could push it even further below the 20-year average of 5.4 percent, the Geneva-based body forecast Thursday.
Micron Technology

Micron Shares Gain After $1B Notes Offering

Shares of Micron Technology (NYSE: MU), the only U.S. independent maker of memory chips, rose 5 percent after it announced plans to sell convertible senior notes valued at $1 billion.
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India, China Headed for Asbestos Catastrophe: Experts

India and China are headed for an absolute catastrophe of death and disease because of likely massive jump in asbestos-related diseases in the coming decades, says a report written by Pulitzer winning journalist Gary Cohn.
Source: Pew Charitable Trusts

US Reclaims Top Rank From China In Clean Energy Investments

The US reclaimed the top position as the biggest investor in clean energy last year, with clean energy finance and investment witnessing a growth $48 billion, a 42 percent increase over 2010, according to a global rank list published in a report by the Pew Charitable Trusts.
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Economy picking up, exports better: Japan

Japan's government stuck to its assessment that the economy is slowly recovering on Thursday but raised its view on exports, saying overseas shipments are showing signs of stabilizing on a moderate pickup in the United States and some return in Asian demand.
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Amgen To Buy Kai Pharmaceuticals For $315M

Global biopharmaceutical firm Amgen, Inc. (NASDAQ: AMGN) has agreed to buy KAI Pharmaceuticals, a privately held company based in San Francisco, for $315 million in cash.
North Korea's Command Center

North Korea's Rocket Being Fueled And Prepped For Launch

The Commander of North Korea's Satellite Integrated Control Center said on Wednesday that a satellite had already been successfully installed into the rocket and that the Unha-3 was now being fueled.

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