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.
BERLIN - Volkswagen says its chief financial officer, Hans Dieter Poetsch, is set to become its new chairman - filling the position that longtime company patriarch Ferdinand Piech vacated in April.
The US trade deficit with the rest of the world fell to a five-month low in July, official figures show. It declined 7.4% to $41.9bn, compared with $45.2bn in June, the US Commerce Department said.
PARIS The piece of wing found on the shore of Reunion Island in the Indian Ocean has been formally identified as part of the wreckage of Malaysian Airlines flight MH370, the Paris prosecutor said on Thursday.
AOL, which boasts a deep-pocketed new owner, has agreed to buy mobile ad firm Millennial Media for about $250 million in cash. The $1.75-a-share offer represents a 31 percent premium to Millennial's closing price on Wednesday.