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Commerce

Japan economy gathers pace in 1Q as recovery takes hold

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Tokyo, May 20 (AP) - Japan's economy grew at a faster-than-expected 2.4 percent annual pace in the January-March quarter, suggesting a recovery is gaining traction despite persisting weakness in corporate and household spending.

About 2 percentage points of the first quarter's growth reflected an increase in inventories stemming from the plunge in demand that followed a sales tax increase in April 2014. An increase of 7.5 percent in housing investment also drove growth.

Overall trends for...
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6 Chinese nationals charged with stealing US trade secrets

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San Francisco, May 20 (AP) - Three Chinese nationals who earned advanced degrees from the University of Southern California and three others have been charged with stealing wireless technology from a pair of U.S. companies.

Federal prosecutors say Hao Zhang, Wei Pang and Huisui Zhang met at the...
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Obama, Senate Republicans work together on trade bill

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Washington, May 20 (AP) - The Obama administration and Senate Republicans worked in unusual harmony Tuesday to advance major trade legislation opposed by many rank-and-file Democrats, an expanding struggle already leaving a mark on the 2016 campaigns for the White House and control of...
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