Latest News Updates From Bloomberg News

Business

Jobless Claims Rise by 12,000

Applications for U.S. unemployment benefits rose more than forecast last week, representing a pause from a recent run of readings close to a 14-year low.

November 13, 2014
Business

BNSF Blocks Tank Cars to Ease Rail Traffic Jam

BNSF Railway Co., the carrier owned by Warren Buffett’s Berkshire Hathaway Inc., is blocking some shippers from adding tank cars to its system in a bid to prevent a worsening of the gridlock that sparked regulators’ ire.

November 12, 2014
Business

Average Price of Gas Falls Below $3 for First Time Since 2010, Says Lundberg

The average price of regular gasoline at U.S. pumps dropped 13.38 cents to $2.942 a gallon in the two weeks ended Nov. 7, falling below $3 for the first time in almost four years, Lundberg Survey said.

November 10, 2014
Business

Icahn Tank-Car Maker Joins Industry Defying Oil’s Decline

Surging railroad tank-car orders at companies owned by billionaires Warren Buffett and Carl Icahn are defying an oil price drop that threatens to slow the U.S. drilling boom.

November 6, 2014
Business

Productivity Rises in Third Quarter

The productivity of U.S. workers rose more than projected in the third quarter, helping to contain labor costs even as employment picks up.

November 6, 2014
Business

First-Time Jobless Claims Decline

Fewer Americans than forecast filed applications for unemployment benefits last week, a sign persistent demand is fueling gains in the labor market.

November 6, 2014
Government

Service Industries Sustained Pace of Growth in October

Service industries in the U.S. sustained a faster pace of expansion in October than in the first half of the year, indicating the world’s largest economy is overcoming a global slowdown.

November 5, 2014
BusinessFuelGovernment

Trade Deficit Widens to Four-Month High as Exports Decline

The trade deficit in the U.S. widened in September as exports cooled from a record, highlighting how weakening global growth will affect the world’s largest economy.

November 4, 2014
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