Latest News Updates From Bloomberg News

Government

Economy Grows 4.6% in Second Quarter, Most Since 2011

The U.S. economy expanded in the second quarter at the fastest rate since the last three months of 2011 as companies stepped up investment and households boosted spending.

September 26, 2014
Business

Drivers Gain From Wage Race as Truckers Turn Away Cargo

Tommy Walters, hauling lawnmowers to Rhode Island from Maryland with his Boston terrier Daisy riding shotgun, is feeling flush these days after the biggest raise of his 17-year trucking career.

September 25, 2014
Business, Technology

DHL Beats Amazon, Google to First Planned Drone Delivery

Deutsche Post AG, Europe’s largest postal service, is about to begin deliveries of medication and other urgent goods to the island of Juist using unmanned helicopters after securing approval from state and federal transport ministries and air traffic control authorities to operate in a restricted flight area.

September 25, 2014
Business

Durable Goods Orders Drop on Lower Aircraft Orders

Durable goods orders fell by 18.2% in August, as commercial airline orders plunged, the Commerce Department reported Sept. 25.

September 25, 2014
Business

Jobless Claims Rise by 12,000 Last Week

First-time jobless claims climbed 12,000 to 293,000 in the week ended Sept. 20, the Labor Department reported.

September 25, 2014
Business

Sales of New °®¶¹´«Ã½s Surged in August to Six-Year High

New-home sales in the U.S. surged in August to the highest level in more than six years, a sign that the housing recovery is making progress.

September 24, 2014
Business

Gasoline Prices Fall to Lowest Since February

Gasoline prices at U.S. pumps, already at a seven-month low, may extend their decline amid falling crude costs that are spurring oil refineries to increase production of the road fuel, according to Lundberg Survey Inc.

September 22, 2014
Business

Sales of Existing °®¶¹´«Ã½s Decrease as Investors Retreat

Purchases of previously owned U.S. homes declined in August for the first time in five months as investors retreated from the market.

September 22, 2014
Business

US Port Labor Talks Turn on Automation Cutting Workers

West Coast shippers and dockworkers are struggling to reach a labor agreement as terminal operators replace as many as half of laborers at some ports with robots in the largest technological change in half a century.

September 19, 2014
Business

Leading Economic Indicators Increase 0.2% in August

The Conference Board’s index of U.S. leading economic indicators, a gauge of the outlook for the next three to six months, climbed 0.2% in August after increasing 1.1% the prior month, the New York-based group said.

September 19, 2014