Applications for unemployment benefits rose to 282,000 last week, higher than economists expected, but lower on average for the 23rd week in a row, a sign typical of a strengthening labor market.
OTTAWA—Canada's trade deficit narrowed in July, beating expectations and bolstering hopes the economy is improving after a weak first half of the year.
General Mills (GIS) plans to sell its vegetable brands Green Giant and Le Sueur to B&G Foods (BGS) for $765 million, General Mills said Thursday.
The U.S. Federal Reserve will need to raise interest rates soon if the dollar is to push much higher, according to a Reuters poll of foreign exchange strategists.
Verizon Communications Inc.'s AOL Inc. agreed to buy ad technology company Millennial Media Inc. for about $250 million, giving it another tool as it mounts a challenge to Google Inc. in mobile advertising.