The job market rebounded from a two-month slump in February as employers added 175,000 jobs, while the unemployment rate rose to 6.7% from 6.6%, the Labor Department said Friday.
U.S. employers stepped up hiring in February despite a blast of harsh winter weather, likely renewing hopes that the economy will accelerate this year.
The U.S. trade deficit widened slightly in January as a rise in imports of oil and other foreign goods offset a solid increase in exports.
AB Acquisition will spend more than $9 billion for grocery store giant Safeway (SWY) in a deal that AB says will pay out $40 per share and create a grocery company with thousands of stores and 250,000 workers.
Staples may be suffering death by a thousand paper cuts. The office supply company said on Thursday it will shutter about 12% of its stores in North America by the end of next year as it battles competition from online retailers and discounters.