Economic Indicators

City mulls $5M penalty over paid power plant 'supporters'

New Orleans officials are moving closer to imposing a $5 million penalty on a major utility company over the use of secretly paid actors at public hearings last year to support plans for a new gas-fired power plant.

Business Highlights

___ Amazon dumps NYC headquarters and its promised 25,000 jobs NEW YORK (AP) — Amazon says it will not be building a new headquarters in New York, a stunning reversal after a yearlong search.

Mixed finish for US stock indexes over weak retail sales

New figures showing that last month's holiday sales were far worse than previously expected helped drive stocks lower on Wall Street early Thursday, threatening to end a four-day winning streak for the S&P 500 index.

Germany barely avoids recession with zero growth

Germany economic growth stagnated in the last three months of the year, skirting a technical recession but registering only zero growth as foreign trade made little contribution to Europe's largest economy.