Business

Jobless Claims Drop to 14-Year Low

Applications for unemployment benefits in the U.S. unexpectedly dropped last week to their lowest level in 14 years as employers avoided trimming staff even as global growth weakens.

October 16, 2014
Business, Logistics

CSX's Income Rises to $509 Million

CSX’s net income increased to $509 million, or 51 cents a share, from $455 million, or 45 cents, a year earlier.

October 15, 2014
Government, Business

Crumbling Infrastructure Fix Seen With Global Trillions of Dollars

The concrete piers of two new bridges are rising out of the Ohio River between Louisville, Kentucky, and southern Indiana, as crews blast limestone and move earth to build the roads and tunnels that will soon connect the twin spans to nearby interstate highways.

October 15, 2014
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
Business, Logistics

$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