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The stock market is up sharply after the U.S. government reported a big increase in hiring last month.
Sears Holdings Corp. said Friday that it will spin off its Lands’ End clothing business as a separate company by distributing stock to the retailer’s shareholders.
A fourth straight month of solid hiring cut the U.S. unemployment rate to a five-year low of 7 percent in November, an encouraging sign for the economy.
The solar panel installer SolarCity is beginning to address one of solar power’s big drawbacks: The sun doesn’t always shine.
JPMorgan Chase & Co. says about 465,000 users of a prepaid cash card may have had their personal information hacked.
FedEx will raise its FedEx Ground and FedEx Home Delivery rates in January in addition to raising express shipping rates.
Boeing is the king of the skies when it comes to U.S. aircraft production, a role that looks especially enviable these days as more than a dozen states grovel before the throne for a chance to share in the riches of the next-generation 777 jetliner.
Saying the government should lead by example, President Barack Obama is ordering the federal government to nearly triple its use of renewable sources for electricity by 2020.
The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a trend that could reverse in the current quarter and hold back growth.
The White House is pushing to extend jobless benefits to long-term unemployed Americans. The argument is that if benefits don’t get renewed by the end of the month, more than a million people will lose the assistance — which will slow economic growth.
BP is leading an industrywide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.
Stocks fell Thursday after the government reported that the number of Americans applying for unemployment benefits dropped to the lowest in nearly six years last week. Also, the U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012.
A federal agency said Wednesday that Fifth Third Bancorp will pay $6.5 million to settle charges of improper accounting of commercial real estate loans during the financial crisis.
Activist investor Carl Icahn is seeking the support of Apple shareholders as he tries to pressure the iPhone maker into spending more of its cash to buy back the company’s stock.
Ametek Inc. said Wednesday it has acquired privately held Powervar for about $128 million. Waukegan-based Powervar makes power protection equipment used by the medical, retail and telecommunication industries.