Business

Industrial Output Falls in October

Industrial production in the U.S. dropped in October, weighed down by declines at utilities, mines and automakers that signal manufacturing started the fourth quarter on soft footing.

November 17, 2014
Business

Volvo Said to Near Deal to Deliver Packages to Parked Cars

Working households may soon have an alternative to the modern dilemma of how to take delivery of stuff ordered online: have it dropped off in your car.

November 17, 2014
Government

Consumer Sentiment Reaches Seven-Year High

Consumer confidence rose more than forecast in November, reaching a seven-year high and indicating Americans will be in the mood to step up holiday spending.

November 14, 2014
Business

UPS Sees Wider Margins as E-Tailing Nears Business Volume

United Parcel Service Inc. sees the boom in online retailing as an opportunity, not a threat, as the delivery company devises new tactics to make e-commerce more profitable, Chief Executive Officer David Abney said.

November 14, 2014
Business

Retail Sales Showed Broad-Based Gain in October

American consumers ate out and shopped for clothes in October, enjoying a windfall from cheaper gasoline and prompting a rebound in retail sales heading into the holiday-shopping season.

November 14, 2014
Business, Logistics

Maersk Profit Rises on Container Volume Gain, Cost Drop

A.P. Moeller-Maersk A/S, operator of the world’s biggest container line, said third-quarter profit increased as it cut costs and boosted box volumes.

November 13, 2014
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