Economy, Retail Sales | featured news

US retail sales rebounded in October as demand for cars continued to climb even after the expiration of government sponsored incentives.

Sales fall after a surge in the previous month, but the drop is smaller than forecast. Retail sales fell in September after a popular program aimed at boosting auto sales ended ...

The number of newly laid-off Americans filing jobless claims fell more than expected last week and retail sales grew in May for the first time in three months, fresh evidence that the worst of the recession may have past.

US department store chain Macy's is cutting 7,000 jobs as it reduces costs against a backdrop of falling sales.