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November retail sales better than expected
Retail sales in November increased a better-than-expected 0.7% seasonally-adjusted month-to-month, according to the U.S. Commerce Department. The figure includes categories such as automobiles, gasoline stations and restaurants.
Analysts were expecting sales to rise 0.6% in last month. The latest retail sales numbers were 4.7% above November 2012 numbers.
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Report: MasterCard expanding headquarters; to open tech lab in NYC
New York -- MasterCard plans to expand its world headquarters in Purchase, N.Y., suburbs and open a technology lab in Manhattan, the Associated Press reported.
The report said that MasterCard is investing several million dollars to open a new mobile e-commerce technology lab in New York City, which will lead to 122 new research and development and software jobs in Manhattan.