World News

US Retail Sales Decline

TEXT SIZE - +
U.S. retail sales declined in March, the second drop in three months.

Friday's report from the Commerce Department says sales were off four-tenths of a percent.

Economists watch retail sales closely because consumer demand drives most U.S. economic activity.

Sales may be off because a tax increase reduced consumers disposable income.

A separate report says wholesale prices dropped six-tenths of a percent in March as fuel prices eased.

Feature Story

FILE - A group of disputed islands, Uotsuri island (t), Minamikojima (b) and Kitakojima, known as Senkaku in Japan and Diaoyu in China is seen in the East China Sea, in this photo taken by Kyodo September 2012.

China Rejects Obama’s Stance on Japan Island Dispute

Obama told Japanese newspaper that Washington would come to Tokyo's defense if there is ever a conflict over islands in East China Sea, which China also claims as its own More