UNITED STATES

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Retail sales, drop in jobless claims fuel hope

U.S. retail sales rose in May for the first time in three months and the number of workers filing new claims for jobless benefits last week hit a January low, fostering hope the recession was abating.

Obama pushes for health care reform

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President Barack Obama on Thursday presented his plan to reform the healthcare system to the public to a town hall in Green Bay, Wisconsin.
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Lawmakers blast Fed, Treasury for BofA threats

U.S. lawmakers accused the Treasury and Federal Reserve on Thursday of using threats and intimidation to force Bank of America to take over Merrill Lynch, a charge Bank of America Chief Executive Ken Lewis denied.
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Economic data fuels hope

U.S retail sales rose for the first time in three months in May and the number of workers filing new claims for jobless benefits last week hit the lowest level since January, fostering hope the recession was abating.
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Obama administration steps up push to oversee pay

The Obama administration stepped up efforts on Thursday to push for measures to tie executive pay at all publicly traded companies more closely to performance, but faced some skepticism from lawmakers.
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Oil prices and data lift Wall Street

Stocks rose on Thursday as rising oil and other commodity prices lifted energy stocks, while retail sales and weekly jobless claims data bolstered optimism for an economic recovery.
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AOL acquires two local web startups

AOL has struck deals to acquire two small start-up companies focused on local online media, Patch Media Corp and Going Inc, ahead of its separation from Time Warner Inc.
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Fresh data offers hope for U.S. economy

U.S. retail sales rose for the first time in three months in May and the number of workers filing new claims for jobless benefits last week hit the lowest level since January, suggesting the recession was abating.
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Fresh data offers hope for economy

U.S. retail sales rose for the first time in three months in May and the number of workers filing new claims for jobless benefits last week hit the lowest level since January, suggesting the recession was abating.
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Boeing cuts global outlook for aircraft demand

U.S. aircraft maker Boeing has slashed its forecasts for new plane demand due to the industry downturn, and said it was focused on delivering existing orders rather than chasing new ones.
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Iraq warns attacks will intensify before election

Iraq's government said on Thursday that violence would increase before a parliamentary election due in January, a day after a car bomb killed at least 33 people at a marketplace in the country's south.
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Ex-government cyber official, exec mulled for czar job

Microsoft's security chief and a veteran of Clinton's and Bush's national security teams are leading candidates for cybersecurity czar, a job that needs White House access and clout to protect networks that underpin the U.S. economy.
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Wall St up as oil gains

U.S. stocks advanced on Thursday as oil and other commodity prices rose while retail sales and weekly jobless claims data increased hopes for an economic recovery.
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U.S. mortgage rates erase Fed's handiwork

Mortgage rates leaped with bond yields in the past week to the highest since November, erasing strides made by a massive government program to help revive U.S. housing.

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