Latest News Updates From Bloomberg News

Business

Icahn Tank-Car Maker Joins Industry Defying Oil’s Decline

Surging railroad tank-car orders at companies owned by billionaires Warren Buffett and Carl Icahn are defying an oil price drop that threatens to slow the U.S. drilling boom.

November 6, 2014
Business

Productivity Rises in Third Quarter

The productivity of U.S. workers rose more than projected in the third quarter, helping to contain labor costs even as employment picks up.

November 6, 2014
Business

First-Time Jobless Claims Decline

Fewer Americans than forecast filed applications for unemployment benefits last week, a sign persistent demand is fueling gains in the labor market.

November 6, 2014
Government

Service Industries Sustained Pace of Growth in October

Service industries in the U.S. sustained a faster pace of expansion in October than in the first half of the year, indicating the world’s largest economy is overcoming a global slowdown.

November 5, 2014
BusinessFuelGovernment

Trade Deficit Widens to Four-Month High as Exports Decline

The trade deficit in the U.S. widened in September as exports cooled from a record, highlighting how weakening global growth will affect the world’s largest economy.

November 4, 2014
Business

Manufacturing Activity Improves in October, ISM Reports

U.S. manufacturing activity rose in October, matching August as the highest level since March 2011, the Institute for Supply Management reported Nov. 3.

November 3, 2014
Business

JFK Upgrade Spurs Backlash Over Moving Freight Upstate

Governor Andrew Cuomo’s plan to make New York’s John F. Kennedy International Airport more passenger-friendly by cutting out most cargo facilities risks backfiring, a shipping-industry group and analysts say.

October 31, 2014
BusinessGovernmentLogistics

Consumer Sentiment Rises to Highest Since July 2007

Consumer confidence rose in October to a seven-year high as employment opportunities and declining gasoline prices boosted Americans’ spirits.

October 31, 2014
Business

Consumer Spending Drops as Incomes Cool

Consumer spending in the U.S. unexpectedly dropped in September as incomes rose at the slowest pace of the year, indicating the economy will have difficulty sustaining a pickup in growth into the end of the year.

October 31, 2014
Government

Economy Grew 3.5% in Third Quarter

The economy in the U.S. expanded more than forecast in the third quarter, capping its strongest six months in more than a decade, as gains in government spending and a shrinking trade deficit made up for a slowdown in household purchases.

October 30, 2014