Latest News Updates From Bloomberg News

Business

Jobless Claims Fall as Average at Eight-Year Low

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pushing the average over the past month to the lowest level in eight years and signaling that employers are hanging on to workers as the economy improves.

October 9, 2014
Business

Holiday Sales Seen Rising 4.1% on Employment Gains

U.S. retail sales this holiday season may rise the most in three years as the improving employment picture gives more shoppers the means to splurge on gifts, the National Retail Federation said.

October 7, 2014
Business

Job Openings Rise to Highest Level in 13 Years

Job openings in the U.S. climbed to a 13-year high in August as employers gained confidence about the outlook for demand in the world鈥檚 biggest economy.

October 7, 2014
Business

FedEx Says Kansas Ruling on Drivers Based on Old Practice

FedEx Corp. said a ruling by the Kansas Supreme Court that, under state law, its drivers are employees rather than independent contractors applies to a business practice it hasn鈥檛 been using since 2011.

October 6, 2014
BusinessFuelGovernment

Trade Gap Narrows in August on Record Exports

The trade deficit in the U.S. shrank in August to the lowest level in seven months as exports edged up to a record.

October 3, 2014
Business

Services Industries Growth Caps Best Quarter Since 2004

Service industries grew in September, capping the strongest quarter of expansion in more than 10 years for the biggest part of the U.S. economy.

October 3, 2014
BusinessFuel

WTI Crude Slips Below $90 for First Time in 17 Months

West Texas Intermediate oil fell below $90 for the first time in 17 months amid signs that supplies from Russia, Saudi Arabia and the U.S. are outstripping demand.

October 2, 2014
Business

Jobless Claims Decline by 8,000

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, a sign the job market is sustaining progress.

October 2, 2014
Business

Manufacturing Cools as Factories Settle Into More Sustainable Expansion

Manufacturing cooled in September following the strongest rate of growth in three years as U.S. factories settled into a more sustainable expansion that will spur the economy.

October 1, 2014
Business

Private Payrolls Increased by 213,000 in September

Companies hired 213,000 workers in September as the labor market continued to strengthen, a private report based on payrolls showed.

October 1, 2014