The Commerce Department delivered another round of bad news in a report released Wednesday as it revised its gross domestic product figures for the second quarter down by a half-percent.

As the Labor Day holiday approaches, U.S. motorists are ending their summer in much the same way they began it – watching the price of gasoline rise.

After months of waiting and weeks of testing, FedEx Corp. will begin carrying -- and sometimes even sorting -- Express, Priority and first-class mail for the United States Postal Service on Monday night.

Two separate Department of Commerce reports released Friday painted two decidedly different views of the U.S. economy.

The publisher of the oldest business newspaper in the United States is slated to be sold by the end of September.

The Conference Board’s index of leading economic indicators rose 0.3% in July – its fourth straight increase, according to news services.

Ford, the world’s second-largest automaker, said Friday that it will begin a “voluntary separation” program to eliminate between 4,000 and 5,000 jobs by the end of the year.

Michael Eskew, will become chairman and chief executive officer at United Parcel Service - replacing James Kelly who currently serves as both, a company spokesman announced Thursday.

The combination of a lower consumer price index, a dramatic increase in housing starts and an unexpected drop in initial jobless claims, gave a cloudy picture of the U.S. economy and its struggles to pull out of the recent downturn.

U.S. business inventories totaled $1.19 trillion in June, down 0.4% from May for their fifth straight month of decline, the Department of Commerce said Wednesday. At the same time, the Federal Reserve said the nation’s industrial output experienced its 10th straight month of decline in July.