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, 2014Business
Pending Sales of Existing 91ÊÓƵs 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, 2014Business
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, 2014Business
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, 2014Business
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, 2014Business, 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, 2014Business
New-91ÊÓƵ 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, 2014Business
Sales of Existing 91ÊÓƵs Fall for Third Straight Month
Sales of previously owned homes fell in March for the third consecutive month as rising prices and cold weather discouraged would-be buyers.
April 22, 2014Government, Business
Leading Economic Indicator Index Gain Points to 2Q Rebound
An index of U.S. leading indicators increased in March by the most in four months, a sign the economic expansion will strengthen following harsh winter weather.
April 21, 2014Business, Fuel
Gasoline Rises to 13-Month High $3.69 a Gallon, Lundberg Reports
The average price for U.S. regular gasoline rose 8.5 cents in the past two weeks to a 13-month high $3.69 a gallon, according to latest Lundberg Survey released April 20.
April 21, 2014