The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the rise probably does not suggest a shift in labor market conditions as the underlying trend continued to point to strength.
To understand Facebook’s $16 billion purchase of WhatsApp, zoom out — way out.The social network’s monster purchase of a messaging app with 450 million members (and growing) isn't about conquering mobile. It's about conquering the world.
A series of massive recalls has sliced GM's profit by 86 percent in the first quarter.The company is embroiled in a wide-ranging controversy over an ignition problem in nearly 3 million cars, linked to at least 13 deaths.
General Motors is likely to report a big hit to earnings Thursday as it continues to work through its ongoing recall problems.Industry analysts forecast GM would deliver a meager 9 cents per share in earnings for the first three months of 2014.