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U.S. data point to strong domestic demand, stirring inflation

U.S. retail sales rose more than expected in May as Americans bought automobiles and a range of other goods, even as they paid more for gasoline, suggesting that economic growth was gaining steam despite a sharp slowdown in job creation. Sales at clothing retailers increased 0.8 percent, the largest gain since November.

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U.S. data point to strong domestic demand, stirring inflation

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Apple fight could escalate with demand for ‘source code’

By Joseph Menn SAN FRANCISCO (Reuters) – The latest filing in the legal war between the planet’s most powerful government and its most valuable company gave one indication of how the high-stakes confrontation could escalate even further. In what observers of the case called a carefully calibrated threat, the U.S. Justice Department last week suggested that…

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Apple fight could escalate with demand for ‘source code’

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Wal-Mart Japan to focus on remodeling stores, no plans to exit market

Wal-Mart Stores expects its Japan business to focus on remodeling existing stores rather than opening new ones this year, citing fierce competition and consumer reluctance to spend freely amid uncertain economic times. Despite bold monetary and fiscal stimulus, Japan's consumer spending has been hit by a 2014 hike in the national sales …

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Wal-Mart Japan to focus on remodeling stores, no plans to exit market