More Shoppers Take to the Web for the Holidays

More shoppers are flocking to the Web for the holidays, boosting online retail sales 12% over a year ago. In five weeks ending Dec. 3, Americans spent $17.5 billion on retail items on the Web, up from $15.7 billion in the year-…

Jobless Claims Fall More Than Expected

Initial jobless claims fell more than expected last week.

Claims dropped 17,000 to 421,000 in the week ending Dec. 4, the Department of Labor said. The revised figure for the previous week was 438,000.

A survey of analysts by Reuters forecast claims…

BMW’s Sales Speed Past Its German Rivals’ in November

BMW saw its sales jump 20% in November, driven by growth in Germany, China and the U.S. The German automaker sold more cars than the Mercedes-Benz or Audi brands. Its sales growth for the year so far also is outpacing that of i…