commerce department

US durable goods orders go up


August 25th, 2012 - 1:50 pm ICT by IANS
Washington, Aug 25 (IANS) New orders for US-manufactured durable goods rose for the third consecutive month in July, said authorities. Orders for durable goods increased 4.2 percent last month to ... Read more...

Posted in Business |

Fareed Zakaria faces more charges of plagiarising


August 15th, 2012 - 7:57 pm ICT by IANS
Washington, Aug 15 (IANS) Amid fresh allegations of plagiarism against celebrated Indian American journalist Fareed Zakaria, the Washington Post -- joining Time magazine and CNN -- has announced it will ... Read more...

Posted in Uncategorized |

US retail sales down 0.2 percent


June 13th, 2012 - 10:58 pm ICT by IANS
Washington, June 13 (IANS) US retail and food services sales decreased 0.2 percent in May, the Commerce Department said Wednesday.The department said the combined retail and food services sales in ... Read more...

Posted in Business |

US stocks mixed on disappointing data


June 13th, 2012 - 10:51 pm ICT by IANS
New York, June 13 (IANS) US stocks opened mixed Wednesday on negative data, although more and more investors believe that a new round of quantitative easing will come.On the economic ... Read more...

Posted in Business |

US economic growth down to 1.9 percent


May 31st, 2012 - 8:22 pm ICT by IANS
Washington, May 31 (IANS) US economic growth slowed to an annualised rate of 1.9 percent in the first quarter of the year, down from an initial estimate of 2.2 percent.The ... Read more...

Posted in Business |

US stocks open mixed


May 25th, 2012 - 12:41 am ICT by IANS
New York, May 24 (IANS) US stocks opened mixed Thursday on mixed economic reports and ongoing euro zone concerns.On the economic front, orders for durable goods increased a slight 0.2 ... Read more...

Posted in Business |

US stocks trim losses despite weak data (Lead)


May 2nd, 2012 - 11:59 pm ICT by IANS
New York, May 2 (IANS) US stocks trimmed early losses and traded mixed Wednesday even after weak reports on both private jobs and durable goods orders.Major indexes opened lower after ... Read more...

Posted in Business |

US stocks rise on upbeat manufacturing data


May 1st, 2012 - 11:44 pm ICT by IANS
New York, May 1 (IANS) US stock jumped Tuesday, with the blue-chip Dow rallying to a fresh four-year high, as market sentiment was boosted by upbeat manufacturing data.According to the ... Read more...

Posted in Business |

We can’t change our anti-SEZ stand: Mamata


April 27th, 2012 - 6:08 pm ICT by IANS
Kolkata, April 27 (IANS) West Bengal Chief Minister Mamata Banerjee Friday reiterated her government's policy of not granting special economic zone (SEZ) status to Infosys -- all at a ... Read more...

Posted in Politics |

Wall Street gains on Apple, Fed’s economic outlook


April 26th, 2012 - 12:56 pm ICT by IANS
New York, April 26 (IANS) The US Stocks gained broadly Wednesday thanks to strong Apple earning reports and the Federal Reserve's positive economic outlook.The Dow Jones industrial average gained 89.16 ... Read more...

Posted in Business |

US stocks drop


April 4th, 2012 - 12:43 am ICT by IANS
New York, April 3 (IANS) US stocks fell into the negative territory Tuesday, after the latest data on factory orders came in weaker than expected, as investors were awaiting the ... Read more...

Posted in Business |

US stocks close mixed


March 31st, 2012 - 3:57 am ICT by IANS
New York, March 31 (IANS) US stocks Friday closed mixed at the end of a strong first quarter, as investors weighed the latest development in the eurozone and conflicting US ... Read more...

Posted in Business |

US stocks trim losses amid Spain concern


March 30th, 2012 - 4:06 am ICT by IANS
New York, March 30 (IANS) US stocks trimmed early losses and ended the session mixed Thursday as investors weighed debt problems in Spain against positive domestic economic data.The Dow Jones ... Read more...

Posted in Business |

US new home sales fall 1.6 percent in February


March 24th, 2012 - 1:08 am ICT by IANS
Washington, March 23 (IANS) Sales of new single-family houses in the US declined in February, the Commerce Department said Friday.Sales of new single-family houses in January dropped to a seasonally ... Read more...

Posted in Business |

US trade mission to explore business, lure Indian investment


March 21st, 2012 - 10:49 am ICT by IANS
Washington, March 21 (IANS) US Commerce Secretary John Bryson will lead a three-city trade mission to India next week aimed at exploring business potential of India's "rising infrastructure sector" and ... Read more...

Posted in Business |

US consumer prices rise


March 17th, 2012 - 11:40 am ICT by IANS
Washington, March 17 (IANS/EFE) The US Consumer Price Index (CPI) rose 0.4 percent last month, the largest increase in 10 months, the Labour Department said Friday.February's spike in the ... Read more...

Posted in Business |

Oil rises on positive data


March 14th, 2012 - 8:08 am ICT by IANS
New York, March 14 (IANS) Crude prices rose Tuesday as retail data came in positive and the Federal Reserve described the US economy as "expanding moderately".The Commerce Department said US ... Read more...

Posted in Business |

Software technology park for Mizoram


March 10th, 2012 - 4:43 pm ICT by IANS
Aizawl, March 10 (IANS) The central government will soon set up a software technology park in Mizoram tor boost IT in northeast India and software exports from India, official said ... Read more...

Posted in Sci-Tech |

US trade deficit widens to $52.6 bn


March 10th, 2012 - 4:20 am ICT by IANS
Washington, March 10 (IANS) US trade deficit surged to $52.6 billion in January, with both exports and imports increase, the commerce department said Friday.In January, the world largest economy's ... Read more...

Posted in Business |

US stocks open lower on Greek worry


March 6th, 2012 - 1:07 am ICT by IANS
New York, March 5 (IANS) US stocks opened lower Monday amid investors' concerns on a likely Greek default after rating agency Moody's latest downgrade of Greece's credit rating.The Dow Jones ... Read more...

Posted in Business |

US factory orders drop 1 percent in January


March 6th, 2012 - 12:36 am ICT by IANS
Washington, March 5 (IANS) New orders for US manufactured goods declined in January following two consecutive monthly increase, reflecting a bumpy economic recovery, the commerce department said Monday.In January, US ... Read more...

Posted in Business |

US stocks higher on positive economic data


March 2nd, 2012 - 12:40 am ICT by IANS
New York, March 1 (IANS) US stocks traded higher Thursday after the latest economic data affirmed the US economy is picking up, Xinhua reported.The labor department said the number of ... Read more...

Posted in Uncategorized |

US economy grew faster than thought in fourth quarter


March 1st, 2012 - 11:52 am ICT by IANS
Washington, March 1 (IANS/EFE) The US economy grew at a 3 percent annual rate in the last three months of 2011, faster than the 2.8 percent initially thought, the Commerce ... Read more...

Posted in Business |

US stocks end mixed (Lead)


February 25th, 2012 - 2:58 pm ICT by IANS
New York, Feb 25 (IANS) US stocks ended narrowly mixed Friday as latest reports showed the US economy was steadily improving but was not strong enough to give equities a ... Read more...

Posted in Business |

Arabic calligraphy expo opens in Dubai


February 18th, 2012 - 1:11 am ICT by IANS
Dubai, Feb 17 (IANS/WAM) An international Arabic calligraphy exhibition has opened here.The 7th Dubai International Exhibition for Arabic Calligraphy was opened Thursday by Federal National Council speaker Mohammed Al Murr. ... Read more...

Posted in World |

Retail sales in US rose in January


February 15th, 2012 - 12:01 pm ICT by IANS
Washington, Feb 15 (IANS/EFE) US retail sales rose 0.4 percent in January due, mainly, to the activity in department stores, general merchandise stores and bars and restaurants, the Commerce Department ... Read more...

Posted in Business |

US stocks drop on Greece worries


February 11th, 2012 - 4:01 am ICT by IANS
New York, Feb 11 (IANS) US stocks dropped Friday as Greece's crucial international bailout was put on hold by eurozone finance ministers.Eurozone finance ministers said Greece had to save an ... Read more...

Posted in Uncategorized |

US economic growth accelerates


January 28th, 2012 - 4:10 am ICT by IANS
Washington, Jan 28 (IANS) The US economy grew at the fastest pace in a year and a half in the fourth quarter of 2011, the Commerce Department said Friday.The encouraging ... Read more...

Posted in Business |

US stocks mixed


January 28th, 2012 - 3:00 am ICT by IANS
New York, Jan 28 (IANS) US stocks traded mixed Friday amid news that the US economy grew slower than expected, and concerns over the ongoing Greece debt negotiations.The Commerce Department ... Read more...

Posted in Business |

US trade deficit went up in November 2011


January 14th, 2012 - 11:19 am ICT by IANS
Washington, Jan 14 (IANS/EFE) The US trade deficit shot up 10.4 percent in November to $47.75 billion after four consecutive months of declines, the Commerce Department said Friday.The gap between ... Read more...

Posted in Business |

Wall Street flat as investors weigh US data, Europe


January 5th, 2012 - 3:26 pm ICT by IANS
New York, Jan 5 (IANS) US stocks ended flat Wednesday after major indexes rallied on the first trading day of the New Year, as the market was still teetering between ... Read more...

Posted in Business |

US consumer spending goes up in November


December 24th, 2011 - 2:09 pm ICT by IANS
Washington, Dec 23 (IANS) US families slightly boosted their spending in November with their take-home income rising at a slow pace, authorities said Friday.Real personal consumption expenditures (PCE), consumption after ... Read more...

Posted in Business |

New home sales in US rose in November


December 24th, 2011 - 12:53 pm ICT by IANS
Washington, Dec 24 (IANS/EFE) Sales of new homes in the US rose 1.6 percent between October and November to reach an annualized rate of 315,000, authorities said Friday.Yet the figure ... Read more...

Posted in Uncategorized |

US economy grew only 1.8 percent in Q3


December 23rd, 2011 - 11:52 am ICT by IANS
Washington, Dec 23 (IANS/EFE) The US economy grew at an annualized rate of 1.8 percent in the third quarter and not 2.5 percent as originally thought, the Commerce Department said ... Read more...

Posted in Business |

US economic growth revised down to 1.8 percent


December 22nd, 2011 - 11:51 pm ICT by IANS
Washington, Dec 22 (IANS) US economic growth rate was revised down to 1.8 percent in the third quarter of this year, the commerce department said Thursday.The department attributed the slowdown ... Read more...

Posted in Business |

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