Government, Business

Consumer 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, 2014
Business

Jobless 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, 2014
Government

First-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, 2014
Business

Volkswagen 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, 2014
Business

Pending 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, 2014
Business

Orders 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, 2014
Business

Jobless 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
Business

VW’s Scania Bid Gets Backing From Shareholder Group

Volkswagen AG’s $9.2 billion bid to buy the rest of heavy-truck maker Scania AB received a boost after Scania’s fourth-largest shareholder backed the deal.

April 24, 2014
Business, Logistics

Canadian Railroads’ 1Q Earnings Rise

Canada’s two major freight railroads reported higher first-quarter earnings from a year ago despite harsh winter conditions.

April 23, 2014
Business

New-Home Sales Plunge to Eight-Month Low

Sales of new homes plunged 14.5% in March to a 384,000 annualized pace, the lowest level in eight months, the Commerce Department reported April 23.

April 23, 2014