Leading Indicators Index Shows Economy to Keep Growing
The index of U.S. leading indicators accelerated in September, signaling the world’s largest economy will keep expanding into 2015.
October 23, 2014Jobless Claims at 14-Year Low Over Past Month
Fewer Americans filed applications for unemployment benefits over the past month than at any time in 14 years as an improving economy prompted employers to hold on to staff.
October 23, 2014Consumer Prices Rise 0.1% as Inflation Remains Muted
The consumer-price index climbed 0.1% after decreasing 0.2% in August, a Labor Department report showed in Washington.
October 22, 2014Canadian Pacific Rail Misses Profit Estimates as Stock-Based Pay Rises
Canadian Pacific Railway Ltd., foiled in a bid to merge with CSX Corp., reported third-quarter profit that missed analysts’ estimates as the carrier spent more on stock-based compensation.
October 21, 2014Guardrail Maker Defrauded US of $175 Million and Created Hazard, Jury Says
Secret changes by Trinity Industries Inc. to its guardrail systems were found by a jury to have cheated the U.S. government, exposing the company to $1 billion in liability and sending shares plummeting as states question the safety of the product.
October 21, 2014Sales of Existing Homes Rise to One-Year High
Sales of previously owned U.S. homes rose in September to the highest level in a year, adding to signs that residential real estate will be a plus for the economy.
October 21, 2014Canadian Pacific Confirms End of Merger Talks With CSX
Canadian Pacific Railway Ltd. said talks about a possible merger with CSX Corp. have ended and no further conversations are planned.
October 20, 2014Consumer Sentiment Reaches 7-Year High
Consumer confidence in the U.S. unexpectedly rose in October to the highest level in seven years, showing a brightening in Americans’ moods as gas prices drop and the labor market gains traction.
October 17, 2014Housing Starts Climb 6.3% in September
New home construction rose in September after slumping a month earlier, indicating halting progress in the U.S. residential real-estate market.
October 17, 2014Railroads Press Against Proposals to Slow Oil Trains
U.S. railroads are rallying customers, including lumber and steel companies, to fight a government proposal to slow trains hauling crude oil.
October 16, 2014