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WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington. Full Story


New car sales seen up 6-8 percent in May: analysts
DETROIT (Reuters) - Auto sales in May are expected to rise 6 percent to 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday. Full Story

Fed not "that close" to winding down stimulus: Bullard
LONDON (Reuters) - A senior central banker sought to give reassurance on Thursday that the Fed is in no hurry to start winding down its economic stimulus after comments by chairman Ben Bernanke sent stock markets tumbling. Full Story

Large U.S. retailers sue Visa, MasterCard over card fees
(Reuters) - A group of U.S. retailers including Macy's Inc <M.N> and Target Corp <TGT.N> sued Visa Inc <V.N> and MasterCard Inc <MA.N> on Thursday, breaking off from a proposed $7.2 billion settlement reached last year over fees to process credit card transactions. Full Story

Ally to pay $2.1 billion to settle ResCap litigation
(Reuters) - Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. Full Story

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