Latest News Updates From Bloomberg News

Business

Retail Sales Decline in September

Retail sales in the U.S. dropped in September, reflecting a broad-based pullback that signaled consumers took a breather.

October 15, 2014
Business

Producer Prices Decrease for First Time in a Year

Wholesale prices in the U.S. unexpectedly fell in September for the first time in a year, propelled by a drop in fuel costs that continues into this month, the Labor Department reported.

October 15, 2014
Business

Canadian Pacific Bid Sets Up More Railway-Industry Deals

Canadian Pacific Railway’s megamerger ambition may whet the industry’s appetite for deals.

October 14, 2014
Business

Retailers Seek Port Labor Accord to Avoid Holiday Delays

The National Retail Federation urged workers and management of West Coast ports to reach a new labor agreement and avoid delaying holiday shipments.

October 10, 2014
BusinessLogistics

$1 Billion Policy Created to Cover Rail Catastrophes

American International Group Inc., the largest commercial insurer in the U.S. and Canada, introduced a policy to help railroads handle losses from catastrophic accidents as more crude oil is shipped by trains.

October 9, 2014
Business

Jobless Claims Fall as Average at Eight-Year Low

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pushing the average over the past month to the lowest level in eight years and signaling that employers are hanging on to workers as the economy improves.

October 9, 2014
Business

Holiday Sales Seen Rising 4.1% on Employment Gains

U.S. retail sales this holiday season may rise the most in three years as the improving employment picture gives more shoppers the means to splurge on gifts, the National Retail Federation said.

October 7, 2014
Business

Job Openings Rise to Highest Level in 13 Years

Job openings in the U.S. climbed to a 13-year high in August as employers gained confidence about the outlook for demand in the world’s biggest economy.

October 7, 2014
Business

FedEx Says Kansas Ruling on Drivers Based on Old Practice

FedEx Corp. said a ruling by the Kansas Supreme Court that, under state law, its drivers are employees rather than independent contractors applies to a business practice it hasn’t been using since 2011.

October 6, 2014
BusinessFuelGovernment

Trade Gap Narrows in August on Record Exports

The trade deficit in the U.S. shrank in August to the lowest level in seven months as exports edged up to a record.

October 3, 2014