  | | | Solid U.S. retail sales point to firming economic recovery | | 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. | | |  | | | Oil steadies on U.S. economic data; U.S. crude near $60 support | | 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. | | | |  | | | U.S. insider trading ruling roils prosecutors, SEC | | 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. | | | |  | | | Brazilian engineering executives charged in Petrobras scandal | | 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. | | | |  | | | Airbus management seek to halt share price slide | | 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. | | | |  |  | | | 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 | |
