WASHINGTON (Reuters) - Jack Reed can see the recovery taking hold at his family's 109-year-old clothing store in Tupelo, Mississippi, with sales buoyed in part by the paychecks tied to a Toyota plant up the road and rising confidence that the jobs are here to stay.
NEW YORK (Reuters) - Oil prices stabilized near five-year lows on Thursday as robust U.S. consumer spending data boosted investor optimism about the world's largest economy, while traders warned that a bottom for crude remained elusive after a six-month selloff.
NEW YORK/WASHINGTON (Reuters) - Some defendants who previously pleaded guilty to insider trading charges will try to withdraw their pleas, their lawyers said, as U.S. authorities scrambled Thursday to respond to an appellate court ruling which chipped away at the foundations of a series of recent convictions.
CURITIBA, Brazil (Reuters) - Brazilian prosecutors on Thursday formally charged executives from six of the country's largest engineering firms with forming a cartel to funnel kickbacks from state-run oil firm Petrobras to the ruling political party and its allies.
NEW YORK (Reuters) - Merrill Lynch told its 14,000 brokers on Wednesday they will get higher bonus payments in 2015 for attracting new clients and assets but eliminated pay for servicing clients with less than $250,000.
BERLIN/PARIS (Reuters) - Airbus sought to reassure investors on Thursday by promising profit growth beyond 2017 and healthy dividends after its shares continued a slide begun on Wednesday when it warned of flat 2016 earnings.