business

Retail sales rise 0.3 percent in February (AP)

In this Feb. 24, 2010 photo, a Gap store is seen in Paramus, NJ. Retail sales post surprising 0.3 pct February increase raising hopes economy gaining momentum. (AP Photo/Seth Wenig)AP - Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from storming the malls. The advance, the biggest since November, provided hope that the recovery from the Great Recession is gaining momentum.

Obama to tap Yellen for Fed vice chair: source (Reuters)

The US Federal Reserve Building is seen from the air over Washington, DC. The US economy continued to expand modestly on the back of consumer spending but the labor market remained bleak, the Federal Reserve said in its Beige Book report Wednesday.(AFP/File/Saul Loeb)Reuters - President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.

Democrats pare differences over health overhaul (AP)

Senate Majority Leader Harry Reid of Nev., left, along with Gina Owens from Seattle, Wash.,left,  whose daughter, Tiffany Owens died after losing her job and health care,  Senate Majority Whip Richard Durbin of Ill. center, and others, arrive for a health care news conference on Capitol Hill in Washington, Thursday, March 11, 2010. (AP Photo/Harry Hamburg)AP - Top Democrats say they are resolving disputes over President Barack Obama's health overhaul plan, but they face decisions on subsidizing coverage and are still hunting votes to push the vast package through Congress.

Toyota discounts boost sales (Reuters)

The 2011 Toyota Avalon debuts at the Chicago Auto Show February 10, 2010. REUTERS/John GressReuters - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.

Americans' net worth up for 3rd straight quarter (AP)

FILE - In this Dec. 19, 2009 file photo, shoppers jam Michigan Ave., as they rush to find last minute deals in Chicago. American households saw their wealth increase at the end of last year, mainly because the healing economy boosted stock portfolios.(AP Photo/Jim Prisching, file)AP - Americans regained more of their shrunken wealth last quarter, mainly because the healing economy boosted stock portfolios. But the gain was less than in the previous two quarters.

Conan O'Brien will take his show to theaters (AP)

FILE - In this April 13, 2008 file photo, Conan O'Brien appears on stage at Comedy Central's 'Night of Too Many Stars' special in New York. In early March 2010, Sarah Killen had three Twitter followers. A week later, she has 20,000 — as well as a new iMac computer and offers to help pay for a dress and drinks for her wedding. The unsuspecting rural Michigan woman has one out-of-work late-night talk show host to thank for her newfound online popularity — Conan O'Brien. O'Brien decided last week to pick Killen as the only person he would follow on Twitter, turning the 19-year-old's life upside down. (AP Photo/Peter Kramer)AP - Without a TV show to do every night, Conan O'Brien is taking his act on the road.

Jobless claims fall, trade gap narrows on oil (Reuters)

Ester Dela Cruz, laid off nine months ago from her job as an elderly care worker, searches for employment at a jobs center in San Francisco, California in this February 4, 2010 file photo. REUTERS/Robert Galbraith/FilesReuters - The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating that rapid job growth would probably continue to elude the economy for a while.

First-time jobless claims drop slightly last week (AP)

In this March 9, 2010 photo, Damashata Washington looks for work at Work 2 Future, a federally funded job training center, in San Jose, Calif. The number of newly laid-off workers requesting unemployment benefits fell last week, the latest sign the employment picture is slowly brightening.(AP Photo/Marcio Jose Sanchez)AP - The number of newly laid-off workers requesting unemployment benefits slipped last week, the latest sign the employment picture is slowly brightening.

Greece hit by strikes, riots over austerity plan (AP)

A riot police officer tries to avoid a stone and a flare during clashes in central Athens, Thursday, March 11, 2010. Savage street clashes erupted between rioting youths and police in central Athens Thursday as more than 30,000 people demonstrated during a nationwide strike against the cash-strapped government's austerity measures.(AP Photo/Petros Giannakouris)AP - Serious street clashes erupted between rioting youths and police in central Athens Thursday as some 30,000 people demonstrated during a nationwide strike against the cash-strapped government's austerity measures.

Financial reform deal fails, hopes for 2010 dim (Reuters)

Reuters - Chances of a broad overhaul of U.S. financial regulation this year dimmed on Thursday after bipartisan Senate talks collapsed.


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