Alberta continued to have the country’s highest average weekly earnings among the provinces in May, despite a dip from the month earlier, Statistics Canada reported Friday.

U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years. The number of troubled banks fell for the fourth straight quarter.

Spanish oil company Repsol says an offshore block near Brazil's coast contains at least 1.2 billion barrels of oil equivalent, one of the globe's largest finds this year.

European stocks recovered Thursday from heavy losses the previous day, while the euro touched a 22-month low after the continent's leaders failed to reach a breakthrough in their crisis resolution efforts.

(Reuters) - Kuwait's state-run chemical company must pay Dow Chemical Co $2.16 billion under an arbitrator's ruling for wrongly cancelling a planned plastics joint venture in 2008, Dow said on Thursday. The ruling against Petrochemical Industries Co (PIC) of Kuwait by the International Chamber of Commerce's International Court is final ...

WASHINGTON (Reuters) - New claims for unemployment benefits fell slightly last week, while two reports on manufacturing suggested the economy continued to expand moderately. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 370,000, the Labor Department said on Thursday. The four-week moving average, considered a better ...

Stock indexes are little changed in early trading after a European economic summit delivered no concrete solutions for the region's debt troubles.

(Reuters) - Tiffany & Co lowered its fiscal-year sales and profit forecasts on Thursday, citing slowing economic growth in many countries and weakness in its home market, and the upscale jeweler's shares fell almost 7 percent. Rival Signet Jewelers Ltd also issued a disappointing forecast and posted first-quarter results that ...