WASHINGTON U.S. labor costs in the second quarter recorded their smallest increase in 33 years amid tepid gains in the private sector, but it likely was a temporary setback against the backdrop of diminishing labor market slack.
(Adds company responses). BRUSSELS, July 31 (Reuters) - The European Commission said on Friday it had opened an in-depth investigation into Fedex's proposed 4.4 billion euro ($4.9 billion) takeover of Dutch rival TNT Express.
WASHINGTON - U.S. consumer sentiment slipped this month but remains at healthy levels, the University of Michigan said Friday. Michigan's index of consumer sentiment fell to 93.1 in July from 96.1 the previous month.
United Parcel Service Inc (UPS.N) said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services, the latest deal in a rapidly consolidating logistics industry.
China stocks fell on Friday and looked set to suffer their biggest monthly loss in nearly six years even as Beijing rolled out a series of support measures and promised to step up efforts to bolster the flagging economy.