FRANKFURT�-Europe's struggle to prevent ultralow inflation from derailing an already fragile economic recovery grew even more challenging as consumer prices weakened to a five-year low in August.
American consumers have become thriftier, trimming spending as bigger wage gains fail to materialize and using every opportunity to rebuild nest eggs.
Mixed reports on the U.S. economy and better-than-expected company earnings nudged U.S. stocks higher on Friday. Indexes were rebounding after a slow start in light trading ahead of the Labor Day holiday.
McDonald's on Friday objected to the Russian government's decision to close 12 of its restaurants in the country, following weeks of highly publicized investigations into health and safety at the fast food giant's locations.
The rate of U.S. credit card payments at least 90 days overdue fell to 1.16% in the second quarter�the lowest level in at least seven years, credit reporting agency TransUnion said.