Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump.
HONG KONG—Hong Kong's market regulator said it is investigating Chinese solar firm Hanergy, after the company's chairman told Chinese media that reports of a probe were “purely rumor.
McDonald's will stop releasing its monthly sales reports, meaning investors will lose a key gauge of incremental progress in the burger giant's ongoing turnaround effort.
Abercrombie & Fitch Co., the teen-apparel company looking for a new chief executive officer, posted a wider first-quarter loss after currency fluctuations hampered attempts to turn around the business.
(Adds details on shipping deals offered by competitors, research results, background). By Nandita Bose. May 28 (Reuters) - Amazon.