Latest News Updates From Bloomberg News

BusinessFuel

China Sitting on an Ocean of Diesel Fuel

Add diesel to the commodities flooding global markets from China.

September 24, 2015
BusinessTechnology

Orders for Business Equipment Stall After Two-Month Gain

The momentum in orders for business equipment stalled in August after gains the prior two months as U.S. investment took a breather amid volatility in financial markets and concerns that global growth is slowing.

September 24, 2015
Business

Volkswagen AG CEO Martin Winterkorn Resigns After Emissions Scandal

Volkswagen AG CEO Martin Winterkorn, who during nearly a decade at the helm catapulted VW to the top spot in global sales, stepped down after admitting the automaker cheated on U.S. emissions tests.

September 23, 2015
BusinessLogistics

N.Y., N.J. Ask US to Pay Half of $20 Billion Rail Tunnel

Govs. Chris Christie of New Jersey and Andrew Cuomo of New York want the federal government to pay half of a $20 billion commuter rail tunnel under the Hudson River.

September 21, 2015
Business

Housing Starts Fall in Sign of Slow, Steady Recovery

New-home construction in the United States fell in August, indicating the real estate recovery will take time to evolve.

September 17, 2015
Business

New York Area Manufacturing Shrinks for Second Straight Month

Manufacturing in the New York region contracted in September for a second straight month, reflecting declining orders and employment.

September 15, 2015
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