Latest News Updates From Bloomberg News

BusinessFuel

OPEC Trims 2016 Estimates for Rival Supplies as US Oil Suffers

OPEC trimmed estimates for supplies from outside the group in 2016 as the slump in prices takes its toll on the U.S. shale-oil industry.

September 14, 2015
BusinessFuel

Oil Surges Most in Six Years on Faster US Economic Growth

Oil jumped the most in more than six years, caught up in a relief rally that swept the globe as the U.S. economy grew more than predicted.

August 27, 2015
Business

Oshkosh Wins $30 Billion US Army Contract to Build Humvee Replacement

Oshkosh Corp. won an initial contract Aug. 25 from the U.S. Army for its new Joint Light Tactical Vehicle, a $30 billion program.

August 26, 2015
BusinessTechnology

Orders for Capital Goods Climbed in July by Most in a Year

Orders for capital goods increased in July by the most in more than a year, showing corporate spending was finding its footing prior to the turmoil in financial markets.

August 26, 2015
Business

John Correnti, Navistar Board Member and CEO of Big River Steel, Dies at 68

John Correnti, a longtime member of the Navistar board of directors and the CEO of Big River Steel, died Aug. 18. He was 68.

August 20, 2015
Business

Firings Still Subdued, Even as Jobless Claims Increase

The number of Americans filing for unemployment benefits last week remained historically low.

August 20, 2015
Government

Consumer Prices Rise at the Slowest Pace in Three Months

The cost of living in the United States rose in July at the slowest pace in three months, casting doubt on how quickly inflation will return toward the Federal Reserve’s goal.

August 19, 2015
Business

Consumer Sentiment Declines for Second Month

Confidence among U.S. consumers eased for a second month in August as households braced for an increase in interest rates that could slow growth.

August 14, 2015
Business

Wholesale Prices Increase at Slower Pace in July

Wholesale prices in the United States climbed at a slower pace in July, a harbinger of things to come as energy prices plunge.

August 14, 2015
BusinessLogisticsEquipment

Trucking Companies Plan to Add Trailers as Drivers Remain Scarce

Trucking companies are planning to add trailers and capacity as the driver shortage continues, according to a new survey.

August 13, 2015