*China second to U.S. in 2012 luxury retail growth. *Top brands expanding across the United States. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market can fuel future growth, as China runs out of steam and demand in Europe sags.
WASHINGTON-- A jump in volatile commercial aircraft demand likely boosted U.S. orders for long-lasting manufactured goods in April. The Commerce Department will release the report at 8:30 a.m. EDT Friday. Economists at JPMorgan Chase believe the investment category will decline 0.5 percent in the April report.
*Japan, Europe tumble after weak data from China, euro zone. U.S. shares ended mildly lower after a volatile session, bucking the trend of overseas indexes, which fell sharply as weak data in Europe and China underlined the uncertain growth outlook.
*Japan, Europe tumble after weak data from China, euro zone. Overseas shares ended sharply lower, closing before U.S. equities staged a late-day recovery, pressured as weak data in Europe and China underlined the uncertain growth outlook.
*Japan, Europe tumble after weak data from China, euro zone. NEW YORK, May 23- Stock markets around the world fell on Thursday, extending the previous day's steep decline on concerns over the pace of global economic growth and when the U.S.
*Japan, Europe tumble after weak data from China, euro zone. European shares ended down 2 percent while Japan plummeted 7.2 percent on weak data from China and Europe.
*Nikkei drops 7 pct, Wall Street down for second day. NEW YORK, May 23- Stock markets worldwide fell sharply on Thursday as surprisingly weak data from China and Europe raised worries about slow growth a day after U.S. Federal Reserve chief Ben Bernanke broached the possibility of reducing stimulus that has buoyed investor confidence.
PHILADELPHIA-- Brokenhearted skateboarders long banned from Philadelphia's internationally renowned shredding paradise of Love Park may have a new object of affection: Paine's Park. Paine's Park sits next to a popular exercise path along the Schuylkill River, just below the Philadelphia Art Museum.
CHICAGO-- The Chicago Board of Education was expected to take a final vote Wednesday on whether to close 53 schools, an ambitious proposal that sparked protests and lawsuits and could help define _ for better or worse _ Mayor Rahm Emanuel's term in office.
*Investors to focus on Bernanke's remarks before Congress. NEW YORK, May 22- U.S. Treasuries prices were little changed on Wednesday as investors awaited possible hints from Federal Reserve Chairman Ben Bernanke on whether the U.S. central bank might slow its purchases of bonds this year.
May 21- A new type of asthma drug meant to attack the underlying causes of the respiratory disease slashed episodes by 87 percent in a mid-stage trial, making it a potential game changer for patients with moderate to severe disease, researchers said on Tuesday.
May 21- A new type of asthma drug meant to attack the underlying causes of the respiratory disease slashed episodes by 87 percent in a mid-stage trial, making it a potential game changer for patients with moderate to severe disease, researchers said on Tuesday.
PHILADELPHIA-- Urban Outfitters Inc.' s fiscal first-quarter profit increased 39 percent due to stronger sales and fewer markdowns on clothing. The company, based in Philadelphia, operates the Urban Outfitters, Anthropologie, Free People, BHLDN and Terrain brands.
HOUSTON/ MILAN, May 16- A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing the recent improvement in the housing market.
WASHINGTON-- Federal weather forecasts for Superstorm Sandy were exceptionally accurate last fall, but the warnings themselves were confusing, an internal review found. The gigantic October storm lost tropical characteristics hours before landfall in New Jersey, so the National Oceanic and Atmospheric Administration stopped calling it a hurricane.
NEW YORK, May 15- Qatar Airways' top executive said the Middle Eastern carrier wants to be a launch customer for Boeing Co's forthcoming 777 X mini-jumbo jet, and that the airline plans to open at least three new routes to the United States in the next 12 to 18 months. "
NEW YORK, May 15- Qatar Airways' top executive said the Middle-Eastern carrier wants to be a launch customer for Boeing Co's forthcoming 777 X mini-jumbo jet, and that the airline plans to open at least three new routes to the U.S. in the next 12 to 18 months. "
Tom Corbett on Tuesday welcomed a group of officials from Chile to the Port of Philadelphia. Measured in U.S dollars, Philadelphia ranked fifth among the nation's ports receiving goods from Chile in 2012 and Pennsylvania imported $577 million worth of Chilean products, the governor's office said.
It includes TV, print and digital ads, a Facebook page and YouTube videos featuring chef Mario Batali cooking up Hellmann's recipes, a smartphone app and a June event that will include the world's largest picnic table.