Sales of previously owned homes rose in April for the first time in four months as the weather warmed, price increases slowed and more properties were put on the market.
May 22, 2014Business
Gain in US Leading Index Points to Q2 Rebound
The index of U.S. leading indicators rose in April for the fourth straight month, showing the economy will strengthen after a slowdown earlier this year.
May 22, 2014Business
Jobless Claims Rise by 28,000 for Week
Jobless claims increased by 28,000 to 326,000 in the week ended May 17, after 298,000 filings a week earlier that were higher than initially reported, according to the Labor Department.
May 22, 2014BusinessLogistics
Maersk First-Quarter Profit Jumps on Lower Costs, Higher Volumes
A.P. Moeller-Maersk ’s container shipping line, the world’s largest, said first-quarter profit more than doubled and the forecast was raised on lower costs and higher volumes countered a drop in freight rates.
May 21, 2014Business
Miami Port Unveils $900 Million Tunnel to Ease Truck Traffic
A $900 million underwater tunnel that will give trucks leaving the port of Miami faster access to highways was unveiled May 19, four years after construction began. Â Â
May 20, 2014BusinessFuel
Gasoline Prices Dip 3.5¢ to $3.69, Lundberg Reports
The average U.S. price for regular gasoline fell 3.5 cents in the past two weeks to $3.69 a gallon, the first decline in three months, according to the latest Lundberg Survey of filling stations.
May 19, 2014BusinessGovernment
Consumer Confidence Drops From Nine-Month High
Consumer confidence fell in May from a nine-month high, according to the Thomson Reuters/University of Michigan preliminary sentiment index.
May 16, 2014Business
Housing Starts Rise 13.2% in April
Housing starts climbed 13.2% in April to a 1.07 million annualized rate following March’s 947,000 pace, the Commerce Department reported.
May 16, 2014Business
Industrial Production Declines in April
Industrial production decreased 0.6% in April after a 0.9% gain the prior month that was larger than previously reported, the Federal Reserve said May 15.
May 15, 2014Business
Jobless Claims Decline to Lowest Level in Seven Years
Jobless claims dropped by 24,000 to 297,000 in the week ended May 10, the least since May 2007, the Labor Department reported.
May 15, 2014