U.S. stocks closed broadly higher Friday despite lower-than-expected jobs added to the economy in January.
A second straight month of weak job growth renewed concerns Friday, yet the report provided some cause for optimism: Solid hiring last month in manufacturing and construction point to underlying strength.
U.S. consumers raised their borrowing in December by the biggest increase in 10 months as demand for auto, student and credit card loans showed large gains.
Genetically modified ingredients will be listed on some packages but not others, under a plan the industry is pushing in a bid to head off required labeling.
The Fed forecasts that consumers increased borrowing by $12.9 billion in December. The consumer borrowing report is due Friday afternoon.
The U.S. Hispanic unemployment rate idled at 8.4 percent compared to 8.3 in the month before, the BLS reported Friday.
The U.S. stock market moved higher Friday morning after the government reported a decline in the unemployment rate last month.
Advertising growth is helping lift New York Internet company AOL Inc., although costs associated with its former local news unit Patch weighed on fourth-quarter profit.
The nation's largest retail trade group expects retail sales to increase 4.1 percent in 2014 amid a slowly recovering economy.
A former SAC Capital Advisors portfolio manager was convicted Thursday of helping his company earn more than a quarter billion dollars illegally through trades based on secrets about the testing of a potential breakthrough Alzheimer's drug.
Kellogg, maker of Frosted Flakes, Pop Tarts and Eggo waffles, said Thursday that sales in its flagship U.S. breakfast unit declined 4 percent amid ongoing sluggishness in the cereal market.
The U.S. trade deficit shrank to $471.5 billion in 2013, down nearly 12 percent from the previous year, thanks to a fourth straight year of record exports, the Commerce Department said Thursday.
U.S. stocks moved higher in Thursday morning trading, following a rise in European stock indexes.
Philip Morris International says its fourth-quarter profit dropped 5 percent as cigarette sales fell in most of its markets and it was hurt by foreign exchange rates for the U.S. dollar.
The Cato Corp. said Thursday reported that a key sales figure was hurt in January by harsh winter weather that kept shoppers away from its stores.