Productivity rebounds at solid 5.4% rate in first quarter
WASHINGTON — U.S. productivity posted a sharp rebound between January and March after falling in the previous quarter. Labor costs declined slightly. Productivity increased at…
AP Wire
US unemployment claims fall to a pandemic low of 498,000
WASHINGTON — The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago…
Volkswagen profits jump as China leads pandemic rebound
FRANKFURT, Germany — Volkswagen Group’s after-tax profit rebounded strongly to 3.4 billion euros ($4.1 billion) in the first three months of the year as sales…
Microsoft pledges to let EU users keep data inside bloc
LONDON — Microsoft is pledging to let business and public sector customers in the European Union keep cloud computing data inside the 27-nation bloc to…
Bank of England maintains rates, boosts growth expectations
LONDON — The Bank of England will keep interest rates on hold and has grown more optimistic about the economic recovery in the U.K. this…
China suspends economic dialogue with Australia
BEIJING — China today suspended an economic dialogue with Australia, stepping up a pressure campaign that began over Australian support for a probe of the…
Kellogg: Q1 earnings snapshot
BATTLE CREEK, Mich. — Kellogg Co. today reported first-quarter net income of $368 million. On a per-share basis, the company said it had net income…
Papa John’s: Q1 earnings snapshot
LOUISVILLE, Ky. — Papa John’s International Inc. today reported first-quarter profit of $33.9 million. On a per-share basis, the company said it had net income…
World mulls next step as U.S. backs waiving intellectual property protections on vaccines
GENEVA — Activists cheered, Big Pharma complained and government leaders assessed next steps today after the Biden administration’s blockbuster move to support an easing of…
Peloton recalls treadmills, halts sales, after a child dies
NEW YORK — Peloton is recalling about 125,000 of its treadmills less than a month after denying they were dangerous and saying it would not…