Latest News Updates From Bloomberg News

Business

Industrial Production Rises in May

Industrial production climbed more than forecast in May, a sign gains in manufacturing  are supporting growth as the U.S. economy picks up.

June 16, 2014
Business

Consumer Sentiment Decreases to Three-Month Low

Consumer confidence in the United States fell in June to a three-month low, adding to signs of a more restrained rebound in the second-quarter economy.

June 13, 2014
Business

Retail Sales Rise 0.3% in May

Retail sales rose 0.3% in May after a revised 0.5 % gain in April that was much larger than previously estimated, the Commerce Department reported.

June 12, 2014
Business

Tyson Foods Outbids Pilgrim's for Hillshire Brands

Tyson Foods Inc., the largest U.S. meat company, has made a unilaterally binding bid to buy The Hillshire Brands Co., outbidding Pilgrim’s Pride Corp. to gain control of the maker of Jimmy Dean sausages and Ball Park hot dogs.

June 9, 2014
Business

Police Say Wal-Mart Truck Driver Went 24 Hours Without Sleep Before Morgan Crash

A Wal-Mart Stores Inc. truck driver went at least 24 hours without sleep before his tractor-trailer crashed into a limousine, critically injuring actor-comedian Tracy Morgan and killing another entertainer, according to a police complaint.

June 9, 2014
Business, Fuel

Retail Gasoline Little Changed, Lundberg Survey Shows

The average price for regular gasoline at pumps was little changed in the past three weeks, gaining just 0.35 cent to $3.691 a gallon, according to Lundberg Survey Inc.

June 9, 2014
Business

Consumer Credit Increases in April

Consumer borrowing in the United States rose in April as Americans boosted credit card use by the most since November 2007.

June 6, 2014
Business

Jobless Claims Lowest Over Past Month Since 2007

Fewer Americans filed applications for unemployment benefits over the past month than at any time in seven years, a sign the labor market continues to strengthen.

June 5, 2014
Business

Trade Gap Widest in Two Years

The trade deficit ballooned in April to the widest in two years as Americans bought record amounts of consumer goods, business equipment and automobiles from abroad.

June 4, 2014
Government

Service Industries Grow at Fastest Pace Since August

Service industries expanded in May at the fastest pace in nine months as orders picked up, indicating improving sales will help the U.S. economy strengthen.

June 4, 2014