Retail sales weak, jobless claims up (Reuters)
Reuters - U.S. retail sales rose at the weakest pace in seven months in December and first-time claims for jobless benefits moved higher last week, signs the economic recovery is shaky despite a recent pick-up in growth.
Unemployment near three-year low (Reuters)
Reuters - U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.
Employment growth picks up pace (Reuters)
Reuters - Employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet the economic recovery was gaining steam.
Japan, India shares gain in holiday-thin Asia, U.S. hopes help (Reuters)
Reuters - Japanese and Indian stocks outperformed the rest of Asia in thin trade Monday, with sentiment partly lifted by signs of U.S. economic recovery, although trading was subdued with many markets closed for Christmas holidays.
Tax cut lives: Congress gives last-minute approval (AP)
AP - After weeks of bickering and doubt, Congress delivered a last-minute holiday tax cut extension to 160 million workers Friday along with further unemployment benefits for millions laid off in the nation's fierce recession and weak economic recovery. It was a convincing victory for President Barack Obama, a humbling retreat for House Republicans.
U.S. data point to firming economic recovery (Reuters)
Reuters - The number of Americans filing new claims for jobless benefits fell to a 3-1/2-year low last week and factory activity in parts of the Northeast gained speed in December, suggesting a further strengthening of the economic recovery.
High oil prices may threaten growth: BP (Reuters)
Reuters - The fragile economic recovery could be negatively affected by high oil prices, especially in the United States, BP's chief executive said on Tuesday.
Global economic recovery petering out: OECD (Reuters)
Reuters - The global economic recovery is running out of steam, leaving the euro zone stuck in a mild recession and the United States at risk of following suit, the OECD said on Monday, sharply cutting its forecasts.
Retailers look to keep Black Friday momentum going (Reuters)
Reuters - U.S. retailers moved from the frenzied start of the holiday shopping season to the next phase on Saturday, hoping to avoid a drop after Black Friday and keep the momentum going during a fitful economic recovery.
Big stakes as Black Friday, shopping season arrive (AP)
AP - Retailers awaiting the arrival of Black Friday are on the edge. How well they do during the biggest shopping season of the year will have lasting consequences not just on them, but the still-fragile economic recovery.
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