The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled.
A smartphone user who signs up for Pandora Media Inc.’s downloadable app in San Francisco and then moves to New York could still be getting ads for California restaurants months later.
Consumer borrowing in the U.S. rose more than projected in April as Americans boosted credit-card use by the most since November 2007.
Barloworld Ltd., a South African distributor of Caterpillar Inc.’s construction machinery, said first-half earnings surged 72 percent, boosted by profit arising from the disposal of a motor-retail unit in Australia.
Strikes in South Africa will spread to gas stations and car dealerships after a deadlock in wage negotiations with employers, a union said.
Rolls-Royce Motor Cars is planning to open dealerships in Brazil and Chile to widen its global reach, the Sunday Telegraph reported, citing Chief Executive Officer Torsten Mueller-Oetvoes.