Latest News Updates From Bloomberg News

Business

Manufacturing Activity Improves in October, ISM Reports

U.S. manufacturing activity rose in October, matching August as the highest level since March 2011, the Institute for Supply Management reported Nov. 3.

November 3, 2014
Business

JFK Upgrade Spurs Backlash Over Moving Freight Upstate

Governor Andrew Cuomo’s plan to make New York’s John F. Kennedy International Airport more passenger-friendly by cutting out most cargo facilities risks backfiring, a shipping-industry group and analysts say.

October 31, 2014
BusinessGovernmentLogistics

Consumer Sentiment Rises to Highest Since July 2007

Consumer confidence rose in October to a seven-year high as employment opportunities and declining gasoline prices boosted Americans’ spirits.

October 31, 2014
Business

Consumer Spending Drops as Incomes Cool

Consumer spending in the U.S. unexpectedly dropped in September as incomes rose at the slowest pace of the year, indicating the economy will have difficulty sustaining a pickup in growth into the end of the year.

October 31, 2014
Government

Economy Grew 3.5% in Third Quarter

The economy in the U.S. expanded more than forecast in the third quarter, capping its strongest six months in more than a decade, as gains in government spending and a shrinking trade deficit made up for a slowdown in household purchases.

October 30, 2014
BusinessSafety

Fewer Americans Filed for Jobless Benefits in Last Four Weeks

Fewer Americans filed applications for unemployment benefits over the past month than at any time in more than 14 years, a sign the strengthening U.S. economy is buoying the labor market.

October 30, 2014
Business

Savannah Surges as Mighty Gate for Imports on US Growth

Blueberries from Chile, Peru and Brazil may soon be heading toward U.S. tables via Savannah, Georgia, opening another shipping market in the city’s emergence as a major trade hub.

October 28, 2014
BusinessGovernmentLogistics

Consumer Confidence Rose to Seven-Year High in October

Confidence among U.S. consumers rose in October to a seven-year high as gasoline prices dropped and the job market improved.

October 28, 2014
Business

Durable Goods Orders Decrease for Second Month

Orders for durable goods dropped unexpectedly in September, falling for a second month, on waning demand for machinery and computers that signals companies are reluctant to invest in updating equipment.

October 28, 2014
BusinessGovernmentLogistics

Los Angeles Delays Hit Sales as No. 1 US Port Suffers

After years of ending the holiday shopping season with too much merchandise stacked in their warehouses, U.S. retailers face the opposite this year: They may not have enough.

October 27, 2014