Latest News Updates From Bloomberg News

Business

Retail Sales Increase by Most Since 2012

Retail sales rose 1.1% in March by the most since September 2012, helping the economy recover from a weather-depressed start to the year, the Commerce Department reported April 14.

April 14, 2014
Business

Consumer Sentiment Rises to Highest Level Since July

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment climbed to 82.6 in April, the highest level since July, from a four-month low of 80 in March.

April 11, 2014
Business

Wholesale Prices in Rise in March

Producer prices in the United States rose 0.5% in March, the biggest gain since June, the Labor Department reported April 11.

April 11, 2014
Government

Gasoline Prices Rise to Eight-Month High in Lundberg Survey

The average price for regular gasoline at U.S. pumps rose 4.9 cents in the past two weeks to $3.6065 a gallon, the highest since July 26, according to Lundberg Survey Inc.

April 7, 2014
Business

US Trade Deficit Grows 7.7%

The U.S. trade deficit widened 7.7% in February to the highest level in five months as exports of fuels and capital equipment dropped, the Commerce Department reported April 3.

April 3, 2014
Government

ISM Services Index Rises in March

The Institute for Supply Management鈥檚 nonmanufacturing index rose to 53.1 in March from 51.6 the prior month, the Tempe, Ariz.-based group said April 3.

April 3, 2014
Business

Companies Added 191,000 Workers in March, ADP Says

Companies boosted payrolls in March by the most in three months, adding to evidence the job market is recovering from a blast of harsh winter weather, a private payrolls report showed.

April 2, 2014
Business, Equipment

Caterpillar Avoided $2.4 Billion Tax With Swiss Subsidiary, Senate Probe Finds

Caterpillar Inc. avoided paying $2.4 billion in U.S. taxes by shifting profits from a parts business to a subsidiary in Switzerland, according to a report released by a Senate investigative committee.

April 1, 2014
Business, Safety, Government

Manufacturing Index Rises in March

The Institute for Supply Management鈥檚 index increased to 53.7 in March from 53.2 a month earlier, the Tempe, Ariz.-based group reported April 1. Readings above 50 indicate growth.

April 1, 2014
Business

Consumer Spending Increases by Most in Three Months

Consumer spending in the United States rose in February by the most in three months as incomes increased, a sign that economic momentum was returning as Americans recovered from an unusually harsh winter.

March 28, 2014