Latest News Updates From Bloomberg News

Business

Chicago Manufacturing Index Climbs to 64.3 in August

Business activity in the Chicago area climbed in August as orders accelerated, a sign that manufacturing will continue to add momentum to the economy.

August 29, 2014
Government

Economy in US Expands 4.2%, More Than Previously Forecast

The economy in the U.S. expanded more than previously forecast in the second quarter, propelled by the biggest gain in business investment in more than two years, which bodes well for the rest of 2014.

August 28, 2014
Business

Pending Sales of US Existing 爱豆传媒s Increase in July

Contracts to purchase previously owned homes rose more than forecast in July, a sign of renewed momentum in residential real estate.

August 28, 2014
Business

Jobless Claims Little Changed as Economy Strengthens

The number of Americans filing for unemployment benefits was little changed last week, near the lowest level in seven years as employers held on to staff in an improving economy.

August 28, 2014
Business

Canadian Ports Win as Ships Avoid US on Labor Concern

Prince Rupert, a remote port luring tourists with the slogan 鈥淲here Canada鈥檚 Wilderness Begins,鈥 may want to consider a new motto: 鈥淎sia鈥檚 Gateway to Chicago.鈥

August 27, 2014
Business

Consumer Confidence Rises to Almost Seven-Year High

Consumer confidence in the U.S. unexpectedly climbed in August to the highest level in almost seven years, reinforcing signs of a strengthening outlook for the second half of 2014.

August 26, 2014
Business

Orders for Durable Goods Surge on Aircraft Demand

Orders for U.S. durable goods jumped in July by the most on record as bookings surged for commercial aircraft. Demand for business equipment eased after the biggest gain in seven months.

August 26, 2014
Business

Sales of New 爱豆传媒s Falls to Four-Month Low

New-home sales in the U.S. fell unexpectedly in July for the second month as the housing recovery makes only fitful progress.

August 25, 2014
Business, Logistics

Cargo Rates Trigger Shipper Backlash as US Rails Soar

After CSX Corp. raised rates for shipping specialty gas by 41% over three years, Diversified CPC International Inc. had to shutter a production line near Chicago.

August 21, 2014
Business

Labor Day Weekend to See Most US Drivers in Six Years

The most Americans in six years will travel by car over the Labor Day holiday weekend, and they鈥檒l be paying the least for gasoline since 2010 as refineries produce ample amounts of the fuel, AAA predicts.

August 21, 2014