| | U.S. jobless claims fall, holiday retail sales rise | WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly a month, a hopeful sign for the labor market, while holiday retail sales rose in November and December. | | | | | Small jet makers see big chance as China prepares to open skies | BEIJING (Reuters) - Ferraris and Rolls-Royces have become common sights in China's cities as a new class of super-rich indulge a growing appetite for luxury, but tight regulation has meant the private jet, the ultimate status symbol of the global elite, remains rare. | | | | | | Food prices; a bricks and mortar problem for Indian economy | GURGAON, India (Reuters) - Three months since journeying more than 700 milesfrom his village in central India to take a job in this bustling city near the capital, New Delhi, Charan is already looking forward to a 10 percent pay rise. He isn't an engineer or programmer. He hauls bricks and sand at a local construction site for less than $100 a month. | | | | | | Surge of holiday packages delays UPS shipments | NEW YORK (Reuters) - A high volume of holiday packages overwhelmed shipping and logistics company UPS, the company said on Wednesday, delaying the arrival of Christmas presents around the globe and sending angry consumers to social media to vent. | | | | | | Empire State Building IPO hurt investors, lawsuit claims | NEW YORK (Reuters) - Investors in the Empire State Building have filed a lawsuit accusing the real estate magnates who took it public of short-changing them $300 million by refusing to sell the iconic skyscraper at a premium price. | | | | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | » MORE NEWSLETTERS | |