LA Times Archives - Page 1262 of 1340 -
WASHINGTON — U.S. employers added 155,000 jobs in December, a steady gain that shows hiring held up during tense fiscal cliff negotiations in Washington.
Major retailers such as Macy’s, Target and J.C. Penney warn that steep markdowns may eat into year-end results.
Wary holiday shoppers forced retailers to heavily discount items during December, ultimately handing merchants decent sales but raising worries about consumer spending in the new year.
Last year’s U.S. auto sales are the best since 2007, a good sign for the economy. Nissan, Hyundai, Kia, Mercedes-Benz, Subaru, Audi and Porsche all set records.
In a key sign of a stronger economy, automakers posted a strong December to cap off the industry’s best annual U.S. sales since 2007.
The first big-screen TV using OLED technology for super-crisp images is finally hitting the market.
DreamWorks Animation may end up losing nearly $ 100 million on its recent holiday release “Rise of the Guardians.”
L.A. Times – Business
The Dow has its best one-day rise in more than a year in a rally seen as a sigh of relief. Other market indexes also gain.
NEW YORK — Investors poured back into the stock market on the first trading day of 2013 in a rally seen as a sigh of relief that President Obama and Congress were able to avert the so-called fiscal cliff and an immediate economic downturn.
Spending and hiring are expected to suffer over uncertainties about the U.S. debt.
WASHINGTON — Despite the huge relief rally on Wall Street, the incomplete resolution of the so-called fiscal cliff will do little to boost the economy but assures an intense budget battle that is expected to weigh on spending and hiring at least over the next few months.