ECB Slows Rate Hikes, Signals More Tightening Amid Eurozone Recession

The European Central Bank slowed the pace of its interest rate hikes, as expected, but said there is a need for significant tightening in future as it markedly lifted the euro area inflation forecast and projected a

McDonald's Inks Virtual Power Purchase Agreements For 189 MW From Enel's Blue Jay Solar

McDonald's Corp. (MCD) and all five members of the restaurant chain's North American Logistics Council (NALC) - Armada, Earp Distribution, Martin Brower, Mile Hi Foods and The Anderson-DuBose Company - announced Thursday

U.S. Weekly Jobless Claims Unexpectedly Dip To 211,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended December 10th. The Labor Department said initial jobless claims

Patterson Cos. Confirms Kevin Barry As CFO; Promotes Kevin Pohlman To COO

Patterson Companies, Inc. (PDCO) announced Thursday enhancements to its executive leadership team to further support the execution of its strategy. Kevin Barry, most recently the Company's Interim Chief Financial

U.S. Retail Sales Pull Back In November Amid Steep Drop In Auto Sales

After reporting a sharp increase in U.S. retail sales in the previous month, the Commerce Department released a report on Thursday showing retail sales pulled back by much more than expected in the month of November.

Walmart Drone Delivery Service Now Available For Select Customers In The Tampa, Orlando Areas

Retail giant Walmart, Inc. (WMT) announced Thursday that its drone delivery service is now available for select customers in the Tampa and Orlando areas. The new delivery option will be fulfilled from seven stores,

New York Manufacturing Index Indicates Downturn In December

The Federal Reserve Bank of New York released a report on Thursday showing a downturn in regional manufacturing activity in the month of December. The New York Fed said its general business conditions index tumbled to a

Philly Fed Index Remains Negative For Fourth Straight Month In December

Philadelphia-area manufacturing activity contracted at a slower rate in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion

Bank Of England Softens Policy Tightening; Signals Additional Hike Ahead

The Bank of England lifted its benchmark rate for the ninth straight session on Thursday, but moderated the pace of tightening from the previous session's 75 basis point hike, as widely anticipated, echoing the US

U.S. Industrial Production Unexpectedly Dips 0.2% In November

A report released by the Federal Reserve on Thursday unexpectedly showed a modest decrease in U.S. industrial production in the month of November. The Fed said industrial production slipped by 0.2 percent in November