The head of the Justice Department’s antitrust division said he's concerned about the proposed voting trust structure Canadian Pacific Railway wants to use to acquire Norfolk Southern Corp.
March 10, 2016Government, Business
US Economy Grew Faster Than Anticipated in First Quarter
The U.S. economy expanded at a slightly faster pace in the first quarter than previously estimated, as gross domestic product rose at a 0.8% annualized rate in the three months ended in March.
May 27, 2016Business, Fuel
Oil Eases Gains After Exceeding $50 for First Time This Year
Crude prices in New York and London briefly breached the long-anticipated $50-a-barrel barrier May 26, with West Texas Intermediate touching as high as $50.21 before paring gains and closing at $49.48 on the New York Mercantile Exchange.
May 26, 2016Business
Construction Spending in January Exceeds Expectations
Construction outlays surged a greater-than-expected 1.5% in January after an upwardly revised 0.6% advance (prior was 0.1%) a month earlier — a combination that will help spur first-quarter gross domestic product.
March 1, 2016Government, Business, Safety
Transport Topics Closed Jan. 25, 26 as Washington Digs Out From Blizzard
Arlington, Va.-based Transport Topics is closed Jan. 25 and Jan. 26 as Washington struggles to overcome the blizzard that blanketed parts of the Mid-Atlantic region with two feet of snow.
January 25, 2016Business, Fuel
Brent Crude Oil Dips Below $30 a Barrel for First Time Since 2004
Brent oil dropped below $30 a barrel for the first time since April 2004 on speculation Iranian shipments will soon climb.
January 14, 2016Business, Equipment
Pep Boys Spurns Bridgestone, Agrees to Be Bought by Carl Icahn
Pep Boys has agreed to be acquired by Carl Icahn for more than $1 billion after Bridgestone Corp. backed down from a bidding war with the billionaire investor.
December 30, 2015Business
ºÚÁϳԹÏÍø Values Rise 5.2% Nationally in October
ºÚÁϳԹÏÍø values in 20 U.S. cities rose at a faster pace in the year ended October as lean inventories of available properties combined with steadily improving demand.
December 29, 2015Low Gas Prices Help Boost Consumer Confidence
Consumer confidence rebounded more than forecast in December as Americans grew more optimistic about the current state of the economy and job market.
December 29, 2015Government
Most Moscow Residents Support Protest by Truckers, Survey Says
Moscow residents are broadly supportive of protests by longhaul truckers over a new toll system in Russia, the Levada Center said.
December 11, 2015