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
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, 2014BusinessLogistics
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, 2014GovernmentBusiness
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, 2014BusinessFuel
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, 2014BusinessLogistics
Union Pacific’s 1Q Earnings Jump 14%
Union Pacific Corp.’s first-quarter earnings jumped 14% to $1.1 billion, or $2.38 a share, the company reported April 17. Revenue rose 6.6% to $5.64 billion.
April 17, 2014Business
Weekly Jobless Claims Rise by 2,000
Jobless claims increased by 2,000 to 304,000 in the week ended April 12 from a revised 302,000 the prior period that was the lowest since September 2007, a Labor Department report reported April 17.
April 17, 2014Business
Industrial Production Rises 0.7% in March
Industrial production rose 0.7% in March after a revised 1.2% increase the prior month, figures from the Federal Reserve showed April 16.
April 16, 2014