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Business News
Applications for US jobless aid inch up to a 10-month high
WASHINGTON (AP) -- The number of people seeking unemployment benefits rose last week to the highest level since May, though the pace of applications remains at a level consistent with steady hiring....
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AbbVie to buy leukemia drugmaker Pharmacyclics for $21B
AbbVie will spend about $21 billion to buy leukemia drugmaker Pharmacyclics in its first major deal attempt since walking away from a $55 billion takeover of Shire last fall....
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WASHINGTON (AP) -- US productivity falls at 2.2 percent annual rate in fourth quarter, weaker than first estimate....
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Bank of England votes to keep interest rates steady
LONDON (AP) -- The Bank of England has opted to keep interest rates steady at 0.5 percent even as the economic recovery brings the prospect of rate hikes closer....
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German factory orders down more than expected in January
BERLIN (AP) -- German factory orders, a key indicator for Europe's biggest economy, dropped much further than expected in January, led by a big drop in demand from other eurozone countries....
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