Growth slows in US service sector
December 6th, 2011 - 11:45 am ICT by IANS
New York, Dec 6 (IANS/EFE) The service sector, which accounts for more than 75 percent of US economic activity, expanded last month at the slowest pace in nearly two years, ... Read more...
Posted in Business |
US new home sales rise
November 29th, 2011 - 11:38 am ICT by IANS
Washington, Nov 29 (IANS/EFE) New home sales in the US rose by 1.3 percent in October to an annualized rate of 307,000 units, extending the recovery begun in September after ... Read more...
Posted in Business |
US economy to strengthen in near term: Federal Reserve
November 23rd, 2011 - 1:35 pm ICT by IANS
Washington, Nov 23 (IANS) The near-term projection for the pace of growth of the US economy was revised up due to the recent positive data on consumer spending and business ... Read more...
Posted in Business |
US Q3 growth revised downward
November 23rd, 2011 - 11:41 am ICT by IANS
Washington, Nov 23 (IANS/EFE) US gross domestic product grew at an annual rate of 2 percent in the third quarter, the Commerce Department said Tuesday, revising its initial estimate that ... Read more...
Posted in Business |
US producer prices fall
November 16th, 2011 - 11:47 am ICT by IANS
Washington, Nov 16 (IANS/EFE) The US Producer Price Index dropped 0.3 percent last month after a rise of 0.8 percent in September, the US Labor Department said Tuesday.The figure for ... Read more...
Posted in Business |
US productivity up in third quarter
November 4th, 2011 - 11:41 am ICT by IANS
Washington, Nov 4 (IANS/EFE) Workers in the US boosted productivity by 3.1 percent in the third quarter as firms achieved a 2.4 percent reduction in per capita labour costs, authorities ... Read more...
Posted in Business |
US economy grew 2.5 percent in third quarter
October 28th, 2011 - 11:56 am ICT by IANS
Washington, Oct 28 (IANS/EFE) Spurred by robust consumer spending, US gross domestic product grew at an annualised rate of 2.5 percent in the third quarter, the Commerce Department said Thursday ... Read more...
Posted in Business |
Wall Street rallies on European summit hopes
October 27th, 2011 - 6:37 am ICT by IANS
New York, Oct 27 (IANS) Wall Street rose Wednesday, with the blue-chip Dow and the broader S&P; 500 up in four of last five sessions, as investors were expecting a ... Read more...
Posted in Business |
US retail sales up in September
October 16th, 2011 - 1:22 pm ICT by IANS
Washington, Oct 16 (IANS/EFE) US retail sales climbed 1.1 percent last month compared to August, the biggest monthly gain since February, the commerce department said.Spending on retail goods had risen ... Read more...
Posted in Business |
Wall Street ends worst quarter
October 1st, 2011 - 9:16 am ICT by IANS
New York, Oct 1 (IANS) US stocks tumbled Friday, ending the worst quarter in three years, as investors found few reasons to buy in the market amid gloomy economic outlook ... Read more...
Posted in Business |
US trade deficit shrank 13 percent in July
September 9th, 2011 - 1:04 pm ICT by IANS
Washington, Sep 9 (IANS/EFE) The US trade deficit in goods and services fell 13.1 percent in July to $44.8 billion, the Commerce Department said Thursday.Record exports and falling global oil ... Read more...
Posted in Uncategorized |
US factory orders rose in July
September 1st, 2011 - 12:21 pm ICT by IANS
Washington, Sep 1 (IANS/EFE) Factory orders increased 2.4 percent in July as US manufacturing had its best month since March, the Commerce Department said Wednesday.Economists had forecast a gain of ... Read more...
Posted in Business |
Consumer spending goes up in US
August 30th, 2011 - 12:01 pm ICT by IANS
Washington, Aug 30 (IANS/EFE) Consumer spending in the US rose 0.8 percent in July, the biggest increase in two years, the Commerce Department said Monday.July's gain helps offset the bad ... Read more...
Posted in Business |
US durable goods orders rose in July
August 25th, 2011 - 11:23 am ICT by IANS
Washington, Aug 25 (IANS/EFE) Durable goods orders in the US rose 4 percent in July after falling 1.3 percent the month before, the Commerce Department announced Wednesday.The increase was greater ... Read more...
Posted in Business |
US economy shows signs of further weakening
July 30th, 2011 - 12:42 pm ICT by IANS
Washington, July 30 (IANS/EFE) US gross domestic product grew at an annualised rate of 1.3 percent in the second quarter, the Commerce Department said Friday.While second-quarter GDP came in significantly ... Read more...
Posted in Business |
Wall Street posts biggest weekly loss in year
July 30th, 2011 - 5:23 am ICT by IANS
New York, July 30 (IANS) Wall Street ended the dismal week with the biggest decline in about a year as more evidences pointed to a much weaker economic recovery ... Read more...
Posted in Business |
US economy expands 1.3 percent in Q2
July 30th, 2011 - 2:37 am ICT by IANS
Washington, July 30 (IANS) The US economy slowed to an annual growth rate of 1.3 percent during the second quarter of 2011, falling short of market expectations of around 1.7 ... Read more...
Posted in Business |
US new homes sales decline in June
July 27th, 2011 - 11:56 am ICT by IANS
Washington, July 27 (IANS/EFE) Sales of new homes in the US fell 1 percent last month to an annualised rate of 312,000 units, the lowest level in three months, the ... Read more...
Posted in Business |
Rate of new home construction in US rises
July 20th, 2011 - 12:35 pm ICT by IANS
Washington, July 20 (IANS/EFE) The rate of new home construction in the US exceeded analysts' expectations and rose in June by 14.6 percent to an annualised rate of 629,000 units, ... Read more...
Posted in Business |
US trade deficit jumps 15 percent
July 13th, 2011 - 11:33 am ICT by IANS
Washington, July 13 (IANS/EFE) The US trade deficit increased by 15.1 percent in May to $50.2 billion, the highest level since October 2008, the Commerce Department said Tuesday.In April, the ... Read more...
Posted in Business |
Chinese woman held for selling outdated meat
June 17th, 2011 - 1:45 pm ICT by IANS
Beijing, June 17 (IANS) A woman meat vendor has been detained in Beijing for selling expired products to restaurants, officials said.More than 20 officials with Beijing's industry and commerce department ... Read more...
Posted in Uncategorized |
US GDP climbs less than expected in first quarter
May 27th, 2011 - 11:15 am ICT by IANS
Washington, May 27 (IANS/EFE) The government has said the US economy expanded at an annual rate of 1.8 percent between January and March, confirming previous figures that fell short of ... Read more...
Posted in Business |
Sales of new homes in US rose in April
May 25th, 2011 - 11:53 am ICT by IANS
Washington, May 25 (IANS/EFE) Sales of new homes in the US rose by 7.3 percent last month to an annualized rate of 323,000 units, the Commerce Department said Tuesday.The figure ... Read more...
Posted in Business |
US economy slows in first quarter
April 29th, 2011 - 11:18 am ICT by IANS
Washington, April 29 (IANS/EFE) The US economy grew at an annualised rate of 1.8 percent in the first quarter, down from 3.1 percent in the final three months of 2010, ... Read more...
Posted in Business |
US home sales rebound from record low
April 26th, 2011 - 11:36 am ICT by IANS
Washington, April 26 (IANS/EFE) The pace of new home sales in the US increased 11.1 percent last month to an annualised rate of 300,000 units, the Commerce Department said Monday.Though ... Read more...
Posted in Business |
Haryana sets up cell for foreign investment, NRIs
April 18th, 2011 - 6:52 pm ICT by IANS
Chandigarh, April 18 (IANS) The Haryana government has decided to set up a 'Foreign Investment and Non Resident Indian (NRI) Cell' to attract foreign investment and redress problems faced by ... Read more...
Posted in Business |
US to create national cyber-identity system to boost privacy, online security
April 16th, 2011 - 5:59 pm ICT by ANI
Washington, Apr 16 (ANI): To boost privacy and security online, American Commerce Department has come up with a plan to create a national cyber-identity system that would give consumers who opt in ... Read more...
Posted in World |
US trade deficit falls amid drop in imports, exports
April 13th, 2011 - 11:22 am ICT by IANS
Washington, April 13 (IANS/EFE) The US trade deficit declined 2.6 percent in February to $45.8 billion, compared with $47 billion the previous month, the commerce department said Tuesday.While US exports ... Read more...
Posted in Business |
Personal incomes, spending rise in the US
March 29th, 2011 - 12:07 pm ICT by IANS
Washington, March 29 (IANS/EFE) Personal incomes in the US rose 0.3 percent last month and spending climbed 0.7 percent, authorities said.Consumer spending represents nearly 70 percent of US gross domestic ... Read more...
Posted in Business |
US Govt.mum as porn industry nears approval for web site
March 18th, 2011 - 5:35 pm ICT by ANI
San Francisco (US), Mar. 18 (ANI): The American porn industry is about to get .xxx as its own .com - and after years of protests by the Bush administration, the Obama administration ... Read more...
Posted in World |
Wall Street drops on Japan concern
March 17th, 2011 - 4:14 am ICT by IANS
New York, March 17 (IANS) Wall Street plunged in midday trading Wednesday after the European Union's energy chief said that the situation at a nuclear plant in Japan could get ... Read more...
Posted in Business |
US trade deficit grew 33 percent in 2010
February 12th, 2011 - 1:50 pm ICT by IANS
Washington, Feb 12 (IANS/EFE) The US ran a trade deficit of $497.8 billion in 2010, an increase of 32.8 percent over the previous year, the Commerce Department said Friday.Imports surged by 19.7 ... Read more...
Posted in Business |
US commerce secretary to take lessons from Mumbai’s Dabbawalas
February 4th, 2011 - 12:36 pm ICT by IANS
By Arun Kumar
Washington, Feb 4 (IANS) Besides meetings with India's top space and nuclear energy administrators and corporate honchos, US Commerce Secretary Gary Locke also has a date with Mumbai's famed Dabbawalas.Locke, ... Read more...
Posted in Business |
U.S. consumer spending increases by 0.4 percent
February 1st, 2011 - 1:12 am ICT by BNO News
WASHINGTON D.C. (BNO NEWS) -- The U.S. Commerce Department on Monday announced that consumer spending increased by 0.4 percent in December 2010 continuing growth.According to the Department's Bureau of Economic Analysis, personal ... Read more...
Posted in Business |
Obama’s three State of the Union decent jokes
January 26th, 2011 - 2:25 pm ICT by ANI
Washington, Jan.26 (ANI): In a mostly serious State of the Union speech, US President Barack Obama managed to make three pretty funny jokes. Here they are, in order:On new technology: ... Read more...
Posted in World |