Latest News Updates From Bloomberg News

BusinessFuel

First US Gas Station Drops Below $2 a Gallon

$2 gasoline is back in the U.S.

December 3, 2014
Business

Service Industries Expand at Second-Fastest Pace in Nine Years

Service industries in the U.S. expanded in November at the second-fastest pace in more than nine years, a sign the world’s largest economy is powering past a global slowdown.

December 3, 2014
Business

Companies Added 208,000 Workers in November, ADP Says

Companies in the U.S. added 208,000 workers in November, indicating steady progress in the labor market, a private payrolls report showed.

December 3, 2014
Business

UTi Denies Reported Talks of Advanced Sale

UTi Worldwide Inc., the U.S. logistics firm whose biggest shareholder is hedge fund P2 Capital Partners, has denied a report by Bloomberg News that it is in advanced talks to sell itself to DSV A/S, the Nordic region’s biggest trucking company.

December 3, 2014
Business

Former UPS Driver Presses Rights of Pregnant Workers in Supreme Court Case

A former United Parcel Service Inc. driver is pressing what may become the most significant case in decades on the rights of pregnant workers as she asks the U.S. Supreme Court to expand protection for millions of women.

December 2, 2014
BusinessLogistics

Canada Extends Order on Rail Shipment to Alleviate Grain Backlog

Canada extended an order that requires the country’s two largest railways to ship a minimum amount of grain each week until March 28.

December 1, 2014
Business

Manufacturing Grows in November

Manufacturing in the U.S. expanded in November at a faster pace than projected, signaling the world’s largest economy is rising above a global slowdown.

December 1, 2014
Business

Black Friday Fizzles With Consumers as Sales Tumble 11%

Even after doling out discounts on electronics and clothes, retailers struggled to entice shoppers to Black Friday sales events, putting pressure on the industry as it heads into the final weeks of the holiday season.

December 1, 2014
Business

Oil Dips Below $65 on OPEC Inaction

West Texas Intermediate crude rebounded after sliding to the lowest level since July 2009 on speculation that prices have further to drop before OPEC’s decision to maintain output slows U.S. shale supply.

December 1, 2014
BusinessSafetyGovernment

Consumer Sentiment in US Rises to Highest in Seven Years

Consumer confidence climbed to a more than seven-year high in November as Americans’ views of their financial well-being improved heading into the holiday-shopping season.

November 26, 2014