  | | | Drop in jobless claims points to labor market strength | | WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market. | | |  | | | Former Fed Chair Bernanke takes stand in AIG bailout trial | | WASHINGTON (Reuters) - Former Federal Reserve Chairman Ben Bernanke took the stand on Thursday to defend the U.S. government's bailout of American International Group in 2008, in a fourth day of testimony by former top government officials looking to convince a federal judge that the rescue of the insurance company was legal. | | | |  | | | Amazon set to open first physical store: WSJ | | (Reuters) - Online retailer Amazon.com Inc plans to open its first physical store in midtown Manhattan, the Wall Street Journal reported, citing people familiar with the matter. | | | |  | | | Fed has not ruled out asset sales if needed, Williams says | | LAS VEGAS (Reuters) - A top Federal Reserve official said on Thursday that while the Fed does not expect its large balance sheet to ignite inflation, if its forecasts are wrong the U.S. central bank has the tools to keep inflation from rising out of control | | | |  | | | Bill Gross, in his 'second life,' says Janus role is simpler | | NEW YORK (Reuters) - Bill Gross, in his first public appearance since his shocking departure from Pimco, said there will be more flexibility in managing less money at Janus Capital Group Inc , but said he was disappointed over being forced to leave Pimco. | | | |  |  | | | 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 | |
