National Business

NEW YORK — Bank of America's profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic.

NEW YORK — Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again. Retail sales surged a seasonally adjusted 9.

NEW YORK — Citigroup's profits more than tripled in the first quarter, the banking conglomerate said Thursday, helped by the release of billions of dollars from its loan-loss reserves.

DETROIT — Toyota is recalling nearly 280,000 Venza SUVs in the U.S. because a wiring problem can stop the side air bags from inflating in a crash. The recall covers Venzas from the 2009 through 2015 model years. Documents posted Thursday by the U.S.

TORONTO — For Jason Kucherawy, dinnertime requires serious organization. The Toronto tour company owner will try anything, his wife mostly sticks with a vegetarian diet but will eat chicken and their kids' tastes are anyone's guess.

OTTAWA — Canadian manufacturing sales fell 1.6 per cent in February as the auto sector faced a shortage of microchips that forced some assembly plants to ramp down production or shut down. Statistics Canada said Thursday manufacturing totalled $55.

WASHINGTON — The number of Americans applying for unemployment benefits tumbled last week to 576,000, a post-COVID low and a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession.

WASHINGTON — American industry rebounded last month as the United States recovered from an unusually frigid February. Industrial production — including output at factories, mines and utilities — rose 1.4% in March, reversing a 2.

DUBAI, United Arab Emirates — One of Dubai's famed “jetman” pilots killed in a crash in November failed to deploy the emergency parachute attached to the winged engines strapped to his back, an investigative report released Thursday found.

WASHINGTON — The Biden administration is preparing to announce sanctions in response to a massive Russian hacking campaign that breached vital federal agencies, as well as for election interference, a senior administration official said Wednesday nig