WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending rose in March, signs the economy was regaining momentum after stumbling badly in the first quarter.
(Reuters) - New York Times Co reported a better-than-expected quarterly profit as its cost-cutting initiatives offset a decline in revenue.
LONDON (Reuters) - Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups.
(Reuters) - U.S. stock index futures were lower on Thursday, a day after data showed that U.S. economic growth slowed to a crawl in the first-quarter and a Federal Reserve statement that provided little clarity on a rate hike timeline.
NEW YORK (Reuters) - Warren Buffett has carved out a core stock-picking strategy of investing in companies with strong economic "moats," businesses that have built, fortified and generated success from well-known brands that make it difficult for them to succumb to competitive forces.
HELSINKI/PARIS (Reuters) - Finland's Nokia reported quarterly profits well below market forecasts at its telecom network equipment business, sending its stock tumbling 9 percent and raising concerns over its planned takeover of smaller rival Alcatel-Lucent .
(Reuters) - Time Warner Cable Inc , the second-largest U.S. cable TV operator, reported a 3.5 percent rise in revenue as it added more residential video and high-speed data customers than expected.
TOKYO (Reuters) - Asian stocks slipped and the euro stood tall against the dollar early on Thursday after U.S. data overnight showed the economy grew much more slowly than expected in the first quarter.
SAN FRANCISCO (Reuters) - Microsoft Corp is targeting $20 billion in annual revenue from its cloud-computing businesses by the end of fiscal 2018, Chief Executive Satya Nadella said on Wednesday, signaling a tripling of such revenue in three years.
(Reuters) - Cloud software company Salesforce.com Inc is working with financial advisers to help it field takeover offers after being approached by a potential acquirer, Bloomberg said, citing people with knowledge of the matter.