Business, Logistics

Maersk Raises 2014 Profit Forecast on Container Increase

A.P. Moeller-Maersk A/S raised its full-year profit forecast after the company’s container-shipping line, the world’s largest, said earnings are rising because of higher freight volumes and lower costs.

August 19, 2014
Business

Consumer Prices Rise at Slowest Pace in Five Months

The cost of living in the U.S. climbed in July at the slowest pace in five months, indicating price pressures remain limited even as the economy picks up.

August 19, 2014
Business

Factory Production Jumps 1% on Equipment Demand

Factory production increased in July at the fastest pace in five months as capital spending climbed and motor vehicle demand surged, indicating the industry is helping propel the U.S. economy.

August 15, 2014
Business

Wholesale Prices Rise at Slower Pace as Fuel Drops

Wholesale prices in the U.S. rose at a slower pace in July as fuel costs dropped by the most in eight months.

August 15, 2014
Business

Jobless Claims in US Rise to Highest Level in Six Weeks

Applications for unemployment benefits in the U.S. rose more than forecast last week, interrupting a steady decline to pre-recession lows.

August 14, 2014
Business

Retail Sales Unchanged in Slow Start to Third Quarter

Retail sales were little changed in July, the worst performance in six months, as tepid wage growth restrained U.S. consumers.

August 13, 2014
Business

US Gasoline Price Falls to $3.52 a Gallon in Survey

The average price for regular gasoline at U.S. pumps dropped 5.89 cents to $3.52 in the past two weeks, according to Lundberg Survey Inc.

August 11, 2014
Business

Productivity Rises in Second Quarter, Following Biggest Drop in 30 Years

The productivity of U.S. workers rose more than projected in the second quarter, rebounding from the biggest drop in more than three decades and helping to restrain labor costs.

August 8, 2014
Business, Safety

Jobless Claims Fall as Average at Eight-Year Low

Fewer Americans filed applications for unemployment benefits last week, sending the average over the past month to an eight-year low, a sign the labor market continues to gain momentum.

August 7, 2014
Business, Fuel

Trade Gap Shrinks to Five-Month Low as US Imports Drop

The trade deficit in the U.S. unexpectedly narrowed in June, reflecting the biggest drop in imports in a year as the economy moved closer to energy independence.

August 6, 2014