Service Sector Expands at Fastest Pace in Eight Months
Service industries expanded in April at the fastest pace in eight months, a sign the biggest part of the economy will bolster growth this quarter.
May 5, 2014CSX Derailment Could Boost Crude Train Regulation
A CSX Corp. train derailment in Lynchburg, Virginia, on April 30 that sparked a fire when crude oil tanks ignited could increase pressure on regulators, railroads and tank-car owners to improve oil shipment safety.
May 1, 2014Manufacturing Expands by Most This Year
The Institute for Supply Management’s factory index rose to 54.9 in April from the prior month’s 53.7, the largest expansion this year, the Tempe, Arizona-based group’s report showed May 1.
May 1, 2014Consumer Spending Rises by Most Since 2009
Personal spending rose 0.9% in March, the most since August 2009, the Commerce Department reported May 1.
May 1, 2014Jobless Claims Climb to Nine-Week High
Jobless claims rose by 14,000 to 344,000 in the period ended April 26, the highest level since Feb. 22, the Labor Department reported.
May 1, 2014First-Quarter GDP Edges Up 0.1%
The U.S. gross domestic product grew at a 0.1% annual rate in the first quarter, the Commerce Department reported April 30.
April 30, 2014Volkswagen Extends Scania Offer Deadline After Failing to Win 90%
Volkswagen AG extended the offer period for its $9.2 billion bid to buy out Swedish truck maker Scania AB after failing to reach the necessary 90% threshold of approvals.
April 30, 2014Pending Sales of Existing Homes Rise Most Since 2011
Pending home sales rose 3.4%, the most since May 2011 and the first gain in nine months, after a 0.5% drop in February that was smaller than initially reported, the National Association of Realtors said April 28.
April 28, 2014Orders for Durable Goods Rise in March
Orders for goods meant to last at least three years increased 2.6% in March, the biggest gain since November, after rising 2.1% the prior month, the Commerce Department reported April 24.
April 24, 2014Jobless Claims Rise by Most in a Month
Jobless claims increased by 24,000 to 329,000 in the week ended April 19, the most in a month, the Labor Department reported.
April 24, 2014