Economic growth unexpectedly slowed sharply in the fourth quarter of last year to a modest 2.6% annual rate after a strong six-month stretch raised hopes the U.S.
ATHENS (Reuters) - Greece's new leftist government opened talks on its bailout with European partners on Friday by flatly refusing to extend the program or to cooperate with the international inspectors overseeing it.
(Bloomberg) -- Chevron Corp. slashed its drilling budget by the most in 12 years, suspended share buybacks and laid off workers as energy producers around the world curtail ambitions to cope with free-falling oil prices.
International Business Machines Corp. said Chief Executive Virginia Rometty will receive a $3.6 million bonus for her performance in 2014, despite annual declines in profit and revenue at the computing giant.
The dollar fell against the yen after word that the U.S. economy grew more slowly than expected in the last three months of 2014, tempering market expectations for higher interest rates.