Retail Sales Up Solidly in October as Americans Showed Continued Willingness to Spend

WASHINGTON (AP) — Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, a solid increase though less than the previous month’s robust 0.8% gain. A 1.6% jump in sales at auto dealers drove…MORE

Trump Names Interior-Designee Doug Burgum to Head New White House Council on Energy

WASHINGTON (AP) — President-elect Donald Trump said Friday that North Dakota Gov. Doug Burgum, Trump’s choice to head the Interior Department, will also head a newly created National Energy Council that will seek to establish U.S. “energy dominance” around the world. Trump said Burgum will oversee a panel that crosses all executive-branch agencies involved in…MORE

General Motors Lays Off About 1,000 Workers, Cutting Costs to Compete in a Crowded Automobile Market

DETROIT (AP) — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers are mostly salaried but some blue-collar workers were affected. They were told of the moves early Friday. The company confirmed the layoffs in a statement but gave few…MORE