OPEC is making a last-ditch effort to rescue an organization many dubbed dead only weeks ago by working on a deal to restore unity among some of the world’s largest oil exporters as ministers gathered in Vienna.
May 31, 2016Business
Consumer Sentiment in US Increases Less Than Forecast in May
Consumer confidence in the United States climbed less than forecast in May as Americans were a little less ebullient about the economy’s prospects in the run up to the presidential election, the University of Michigan’s report showed May 27.
May 27, 2016GovernmentBusiness
US Economy Grew Faster Than Anticipated in First Quarter
The U.S. economy expanded at a slightly faster pace in the first quarter than previously estimated, as gross domestic product rose at a 0.8% annualized rate in the three months ended in March.
May 27, 2016BusinessFuel
Oil Eases Gains After Exceeding $50 for First Time This Year
Crude prices in New York and London briefly breached the long-anticipated $50-a-barrel barrier May 26, with West Texas Intermediate touching as high as $50.21 before paring gains and closing at $49.48 on the New York Mercantile Exchange.
May 26, 2016Logistics
US Antitrust Chief Concerned About CP Rail-Norfolk Proposed Trust
The head of the Justice Department’s antitrust division said he's concerned about the proposed voting trust structure Canadian Pacific Railway wants to use to acquire Norfolk Southern Corp.
March 10, 2016Business
Construction Spending in January Exceeds Expectations
Construction outlays surged a greater-than-expected 1.5% in January after an upwardly revised 0.6% advance (prior was 0.1%) a month earlier — a combination that will help spur first-quarter gross domestic product.
March 1, 2016GovernmentBusinessSafety
Transport Topics Closed Jan. 25, 26 as Washington Digs Out From Blizzard
Arlington, Va.-based Transport Topics is closed Jan. 25 and Jan. 26 as Washington struggles to overcome the blizzard that blanketed parts of the Mid-Atlantic region with two feet of snow.
January 25, 2016BusinessFuel
Brent Crude Oil Dips Below $30 a Barrel for First Time Since 2004
Brent oil dropped below $30 a barrel for the first time since April 2004 on speculation Iranian shipments will soon climb.
January 14, 2016BusinessEquipment
Pep Boys Spurns Bridgestone, Agrees to Be Bought by Carl Icahn
Pep Boys has agreed to be acquired by Carl Icahn for more than $1 billion after Bridgestone Corp. backed down from a bidding war with the billionaire investor.
December 30, 2015Business
°®¶¹´«Ã½ Values Rise 5.2% Nationally in October
°®¶¹´«Ã½ values in 20 U.S. cities rose at a faster pace in the year ended October as lean inventories of available properties combined with steadily improving demand.
December 29, 2015