|
Latest Articles: Business
U.S. Retailer Sales Rose Up to 10% in March, Helped by Easter, ICSC Says
Post Date: 2010-04-06 11:33:53 by Brian S
1 Comments
April 6 (Bloomberg) -- March sales at U.S. retailers may have increased as much as 10 percent compared with a year earlier, the International Council of Shopping Centers said. Warm weather and the April 4 Easter holiday, which fell eight days earlier than last year, helped lift sales last week, ICSC Chief Economist Michael Niemira said in an e-mailed statement today. Sales tied to Easter probably accounted for 6 percentage points of last month’s gain. The industry group’s previous maximum forecast for March was 3.5 percent. Retail sales have rebounded this year along with consumer confidence and the job market. Employment in March grew by the most in three years, adding 162,000 ...
Full-sized Pickup Trucks Outperformed The Overall Industry In March, A Positive Indicator Among Small-Business
Post Date: 2010-04-05 14:14:26 by Brian S
2 Comments
By KEVIN HELLIKER Jimmy Richmond hadn't boosted his fleet of trucks since early 2008, but he finally pulled the trigger last month, buying three Ford pickups for his landscaping and construction business. "After months of slack demand, growth and new business required it," said Mr. Richmond, owner of the $10-million-a-year Richmond Associates Landscaping Ltd. in Dallas. Tucked inside auto industry's strong U.S. sales report for March last week was a little-noticed portent for the broader economy: Full-sized pickup trucks outperformed the overall automotive industry, according to Autodata Corp. That appears to signal a rebound of optimism among an influential ...
More Americans Give Up Citizenship As IRS Gets Aggressive Overseas
Post Date: 2010-04-05 12:51:41 by Brian S
18 Comments
By Martin Vaughan, Of DOW JONES NEWSWIRES The number of American citizens and green-card holders severing their ties with the U.S. soared in the latter part of 2009, amid looming U.S.36;tax increases and a more aggressive posture by the Internal36;Revenue36;Service towards Americans living overseas. According to public records, just over 500 people worldwide renounced U.S. citizenship or permanent residency in the fourth quarter of 2009, the most recent period for which data are available. That is more people than have cut ties with the U.S. during all of 2007, and more than double the total expatriations in 2008. Click for Full Text!
U.S. Service Industries Grow at Fastest Pace Since May 2006, Creating Jobs
Post Date: 2010-04-05 11:21:28 by Brian S
0 Comments
April 5 (Bloomberg) -- Service industries expanded in March at the fastest pace since in more than three years, a sign the U.S. recovery is extending beyond manufacturing and starting to create jobs. The Institute for Supply Management’s index of non- manufacturing businesses, which make up almost 90 percent of the economy, rose to 55.4, the highest level since May 2006, from 53 in the prior month. Today’s figure exceeded all forecasts in a Bloomberg News survey. Readings above 50 signal expansion. Pending home sales in February posted the biggest gain since 2001, another report showed today. Click for Full Text!
Pending Home Sales Show Healthy Gain, Hint at Spring Surge
Post Date: 2010-04-05 11:20:06 by Brian S
5 Comments
WASHINGTON, DC--(Marketwire - April 5, 2010) - Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months. Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. "The rise in buyer contact activity may ...
Oil Surges to Highest Level in 17 Months After Jump in U.S. Jobs in March
Post Date: 2010-04-05 11:19:03 by Brian S
2 Comments
April 5 (Bloomberg) -- Crude oil surged to the highest level in 17 months as U.S. employers created more jobs in March than at any time in the past three years, an indication that the economy is recovering from the worst recession since the 1930s. Click for Full Text!
Greenspan Says `Momentum Building' in Economy, Odds of Relapse Have Fallen
Post Date: 2010-04-04 18:46:37 by Brian S
2 Comments
April 4 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said there is “a momentum building up” in the U.S. economy and the odds of it faltering have “fallen very significantly.” “There is a momentum building up which is really just beginning and it’s got a way to go,” Greenspan said today on ABC’s “This Week” program. He said the U.S. is “on the edge of a significant build-up” in inventories “and that is a self- reinforcing cycle.” Click for Full Text!
Factory Jobs Lead U.S. Employment Growth as Investment, Exports Increase
Post Date: 2010-04-04 18:43:28 by Brian S
4 Comments
By Timothy R. Homan April 4 (Bloomberg) -- Factories kick-started the U.S. economy from its worst recession in seven decades. Now they’re taking the lead in reviving the labor market. Manufacturers so far this year have added 45,000 workers to payrolls, the biggest three-month gain in the industry since March-May 2004. A 17,000 increase at factories last month was part of a 162,000 rise in employment, the most in three years, Labor Department figures showed April 2. The gains in factory employment underscore recent data that show manufacturers are ramping up production as companies invest in equipment, replenish inventories and export more goods. Caterpillar Inc. is among those ...
Who's Behind the Anti-Obama Billboards?
Post Date: 2010-04-04 08:49:33 by Happy Quanzaa
1 Comments
ATLANTA - 11Alive News first broke the story about several anti-Obama billboards that popped up around Atlanta two days ago. On Friday we found out who's behind them. Anti-Obama billboard spokesman Tommy Newberry. "There's a group of entrepreneurs, small business owners, that have frankly just said, 'we've had enough' and they're taking the gloves off," says Atlanta author and motivational speaker Tommy Newberry. Newberry is an outspoken conservative whose books include, "The War on Success: How the Obama Agenda is Shattering the American Dream". He has now come forward as the spokesman for what he says are about a dozen business owners who ...
Jobs Report Makes It `Pretty Clear' Recession Is Over, NBER's Hall Says
Post Date: 2010-04-03 15:41:48 by Brian S
3 Comments
April 3 (Bloomberg) -- The biggest increase in employment in three years makes it “pretty clear” the deepest U.S. recession since the 1930s has ended, said the head of the group charged with making the call. Click for Full Text!
Global Economic Rebound: Week in Review
Post Date: 2010-04-03 15:40:44 by Brian S
0 Comments
April 2 (Bloomberg) -- Evidence of a global economic rebound leads a review of the week’s top stories. Reports showed a recovery in manufacturing in the U.S., China, Japan and Europe. American companies added 162,000 jobs in March, the most in three years. Click for Full Text!
AIG Less Reliant on U.S., on Path to Repaying Bailout, CEO Says
Post Date: 2010-04-02 11:33:41 by Brian S
0 Comments
April 2 (Bloomberg) -- American International Group Inc. Chief Executive Officer Robert Benmosche said the insurer is becoming less reliant on U.S. aid as it sells units, borrows from debt markets and strengthens operations it intends to keep. The bailed out insurer is “now on a path” to repaying the loans included in its $182.3 billion rescue package, Benmosche said in an interview yesterday. Click for Full Text!
U.S. Easter Spending Will Increase for First Time Since 2007
Post Date: 2010-04-02 11:31:13 by Brian S
2 Comments
April 2 (Bloomberg) -- U.S. consumers plan to spend as much as $14 billion on candy-filled baskets, lamb dinners and colored eggs for the Easter holiday weekend, a sign that non-essential purchases are rebounding. The projected 1.8 percent boost would be the first increase in Easter holiday spending in three years, with food, candy and clothing leading the growth, according to IBISWorld, a Los Angeles-based research firm. Spending for the same period fell 8.3 percent in 2009 and 1 percent in 2008. Estimates are based on IBISWorld surveys, industry reports and sales figures. Click for Full Text!
Rising Factory Output Points To Economy's Recovery
Post Date: 2010-04-01 19:12:06 by Brian S
1 Comments
Rising factory output and a decline in the pace of layoffs are giving economists confidence that the recovery has staying power. Click for Full Text!
Justice Department Backs AP's Proposed Digital News Registry
Post Date: 2010-04-01 14:12:42 by Brian S
0 Comments
By Brent Kendall, Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- Antitrust regulators at the U.S. Department of Justice said Thursday that they support a plan by the Associated Press to create a digital news registry designed to protect its content online from unauthorized uses. Click for Full Text!
Ford U.S. March Sales Grow By Nearly 40%
Post Date: 2010-04-01 12:22:00 by Brian S
1 Comments
Ford Motor Co. said Thursday that March U.S. sales rose 39.8% to 183,783 vehicles from 131,465 a year ago. Click for Full Text!
Sales Of GM's Core Brands Soar 43% Higher In March
Post Date: 2010-04-01 11:24:21 by Brian S
0 Comments
General Motors today announced its total U.S. sales increased 20.6% in March compared to the same month a year ago. However, GM’s four core brands — Chevrolet, Cadillac, Buick and GMC — were up a combined 43.3% compared to March 2009. As the overall sales market increases, GM’s improvements have been largely driven by the Detroit automaker’s new vehicles, such as the Chevrolet Equinox and Buick LaCrosse. The Equinox was up 194% and the LaCrosse was up 236% in March. GM is in the processing of eliminating four of its eight U.S. brands — Saab, Hummer, Pontiac and Saturn. Saab was sold while the other three are being shut down. The Detroit automaker worked to ...
Toyota Sales Rise 40 Pct In March On Incentives
Post Date: 2010-04-01 11:19:17 by Brian S
0 Comments
NEW YORK — Toyota's sales surged 40 percent in March, a top company executive said Wednesday, as the automaker offered its deepest discounts ever to cope with the fallout of millions of recalls which began last fall. Toyota rolled out the aggressive incentives early in March, including 0-percent financing on recalled models, low-priced leasing and free maintenance. The incentives aimed to draw customers into showrooms even as Toyota grappled with the recall of more than 8 million cars and trucks around the world. Those recalls, which had expanded since October, were to fix gas pedal and brake problems in some of the company's biggest sellers, including the Camry. Automakers ...
U.S. Manufacturing Expands at Fastest Pace Since July '04, ISM Index Shows
Post Date: 2010-04-01 11:15:13 by Brian S
0 Comments
April 1 (Bloomberg) -- Manufacturing expanded in March at the fastest pace since July 2004, indicating factories will be a source of strength for the U.S. recovery in coming months. The Institute for Supply Management’s factory index rose to 59.6, exceeding the most optimistic forecast in a Bloomberg News survey of 77 economists, from 56.5 in February. Readings above 50 signal expansion. The Tempe, Arizona-based group’s gauge of exports rose to the highest level since 1989, while orders and production increased at faster rates last month. Rising demand in the U.S. and Asia, combined with the need to restock inventories, is giving a boost to companies from Honeywell International ...
Taken as a whole, health reform is undeniably pro business and pro jobs.
Post Date: 2010-04-01 08:21:00 by war
6 Comments
President Obama began his campaign to reform the American health-care system focused on three goals: protecting Americans' choice of doctors and health plans, assuring quality and affordable health care for all Americans, and reducing costs for families and businesses. The new comprehensive health-care legislation meets these goals, and will significantly benefit American businesses by slowing and eventually reversing the tide of crippling premium increases washing over our nation's employers. These cost savings are real. They will grow over time. And they will make U.S. businesses more competitive. First, by drastically cutting the number of uninsured, this law reduces the ...
President Obama to Announce Allowing Offshore Oil, Gas Drilling in Speech Today
Post Date: 2010-03-31 11:06:09 by Brian S
0 Comments
March 31 (Bloomberg) -- President Barack Obama will announce a plan today to allow oil and natural-gas drilling off the U.S. East Coast and cancel development in Bristol Bay, Alaska. The president will propose permitting exploration 50 miles off the coast of Virginia and, if a congressional moratorium is lifted, in the Gulf of Mexico 125 miles (201 kilometers) off the west coast of Florida, Interior Secretary Ken Salazar said today. The decision to scrap leasing in Bristol Bay overturns former President George W. Bush’s action lifting a long-time ban on drilling in the region. Obama’s plan is designed to reduce dependence on foreign oil while taking environmental risks into ...
Clean Car Gain Means Polypore Battery Parts Beat Wind
Post Date: 2010-03-31 10:37:01 by war
6 Comments
March 31 (Bloomberg) -- Polypore International Inc. [NYSE:PPO], which makes one of the key components of electric-car batteries, is climbing faster than most alternative energy stocks this year as investors bet on a global shift to low-polluting automobiles. The company based in Charlotte, North Carolina, is about to finish the first quarter with a 46 percent increase to $17.34 a share, the top gainer on the WilderHill New Energy Global Innovation index. The benchmark of 86 clean-energy stocks sank 10.2 percent in the period, pulled lower by Vestas Wind Systems A/S, the biggest wind-turbine maker, and German solar developer Solarworld AG. “Polypore is positioned to take a solid chunk ...
Ford Moves To Repay $3 Billion of a Loan Ahead of Schedule
Post Date: 2010-03-30 18:52:37 by Brian S
0 Comments
General Motors isn’t the only automaker paying off outstanding debt ahead of schedule. The Ford Motor Company is expected to pay a sizable chunk of its outstanding loans on April 6. According to a filing with the U.S. Securities and Exchange Commission, Ford will repay creditors roughly $3 billion in April. That payment will cover just under half of a $6.7 billion credit note. Although not technically due until 2013, the move is part of Ford’s ongoing effort to reduce debts and strengthen its balance sheet.By paying off the $3 billion, Ford will reduce its overall debt to just under $32 billion, and significantly reduce the company’s interest payments. Ford executives ...
Chrysler On Track For Breakeven Operations In 2010
Post Date: 2010-03-30 12:12:45 by Brian S
0 Comments
NEW YORK—Chrysler Group LLC Chief Executive Sergio Marchionne reiterated that the auto maker "intends to break even" on an operating basis this year and will hit its target of selling 1.1 million new vehicles in the U.S. "We are confident that we can meet our ambitious but achievable goals," Mr. Marchionne said during a keynote address at the Automotive Forum 2010 in New York Tuesday. "The amount of work that had been done to bring down the break-even point—that number ended up being lower than most people thought." He added that "to the extent that we are producing cash...I feel a lot more comfortable today than I did 12 months ago." As ...
Home Prices in 20 U.S. Cities Unexpectedly Climb 0.3%, Case-Shiller Says
Post Date: 2010-03-30 11:53:22 by Brian S
0 Comments
March 30 (Bloomberg) -- Home prices in 20 U.S. cities unexpectedly rose in January, indicating the housing market is stabilizing as the economy expands. The S&P/Case-Shiller home-price index climbed 0.3 percent from the prior month on a seasonally adjusted basis, matching the gain in December, the group said today in New York. The gauge was down 0.7 percent from January 2009, the smallest year- over-year decrease in three years. Cheaper homes, low borrowing costs and government incentives have combined to support the housing market, which helped trigger the worst recession since the 1930s. Gains in hiring are required to overcome mounting foreclosures that are keeping pressure on ...
Latest [Newer] 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 [Older]
|
