World Economic

New jobless claims drop • The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added […]

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U.K. Chancellor of the Exchequer George Osborne said he sees some reason for optimism in Europe, while acknowledging that 2012 is set to be a […]

Samsung Electronics Co. and Hyundai Motor Co. (005380), South Korea

United Rentals says it will buy RSC Holdings Inc. for about $1.9 billion in cash and stock.
The $18-per-share price is a 58 percent premium to […]

Kellwood Co. is planning to drop Adam, the upscale contemporary sportswear line that it acquired last year, according to a news report.
Women’s Wear Daily […]

Nordstrom Inc. is reporting a 6.7 percent increase in third-quarter profits as its affluent shoppers continue to splurge despite an uncertain economy. The upscale retailer […]

Eli Lilly and Co.’s third-quarter earnings fell 5 percent on rising expenses fueled by foreign exchange rates, the health care overhaul and the drugmaker’s preparations […]

Ivory Coast’s president on Monday marked more than 100 days in office following a disputed election and months of turmoil that left thousands dead.
President Alassane […]

A spokesman for Libyan revolutionary forces says a unit has entered the outskirts of Sirte, Gadhafi’s hometown, fighting resistance from loyalists.
Spokesman Ali Gliwan says fighters […]

Gunmen ambushed and killed eight Iraqi soldiers as they were heading back to base after a midnight shift in the country’s west, security officials said […]