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U.S. business spending mired in weakness, but economy picking up

May 26, 2016 by · Leave a Comment 

U.S. business spending intentions weakened in April for a third straight month amid soft demand for machinery, but a surge in contracts to purchase previously owned homes to a 10-year…

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U.S. business spending mired in weakness, but economy picking up

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Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’

February 4, 2016 by · Leave a Comment 

By Sarah N. Lynch and David Ingram WASHINGTON/NEW YORK (Reuters) – Former drug executive Martin Shkreli smirked and brushed off questions about drug prices then tweeted that lawmakers were imbeciles on Thursday, when he appeared at a U.S. congressional hearing against his will. Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner Hillary Clinton after his company, Turing Pharmaceuticals, raised the …

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Smirking Shkreli refuses lawmakers’ questions, calls them ‘imbeciles’

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Rising U.S. layoffs hint at ebbing labor market momentum

February 4, 2016 by · Leave a Comment 

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff.  Signs of creeping employment…

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Rising U.S. layoffs hint at ebbing labor market momentum