Latest News Updates From Bloomberg News

BusinessFuel

US Drivers Take Equivalent of 3,900 Trips to the Sun as Refiners Churn Out Gasoline

Oil supplies are abundant. America’s refiners are running the hardest in 10 years. So why isn’t the country awash in gasoline?

June 17, 2015
BusinessFuel

World Facing Longest Oil Glut in at Least Three Decades

Oil supply has exceeded demand globally for the past five quarters, already the most enduring glut since the 1997 Asian economic crisis, International Energy Agency data show.

June 16, 2015
Business

Daimler Recalls 40,061 Sprinter Vans for Defective Air Bag Inflators

Daimler AG made 40,061 vans from 2005 to 2008 with air bags that must be replaced, the National Highway Traffic Safety Administration said.

June 15, 2015
Business

Consumer Sentiment Rises as Americans Most Upbeat About Wages in Seven Years

Consumer confidence rose more than forecast in June as Americans were the most upbeat about their wage prospects in seven years.

June 12, 2015
Business

Wholesale Prices Increase in May as Fuel Costs Climb

Wholesale prices in the United States rose in May as the biggest jump in fuel costs in at least five years swamped muted advances in other categories.

June 12, 2015
BusinessFuel

OPEC to Maintain Current Oil Output

OPEC ministers extended their campaign to restrain rival oil producers by continuing to pump oil into a global supply glut and keeping their combined daily production target at 30 million barrels.

June 5, 2015
Business

Jobless Claims Dropped to 276,000 Last Week

Fewer workers filed applications for unemployment benefits last week, signaling the U.S. job market remains firm even after growth plunged at the start of the year.

June 4, 2015
Government

Service Industries Expand at Slowest Pace in a Year

Service industries expanded in May at the slowest pace in 13 months as orders eased, signaling tempered improvement in the biggest part of the U.S. economy.

June 3, 2015
Business

Factories Expand as Orders Grow at Fastest Pace in Five Months

Manufacturing expanded more than forecast in May as orders grew at the fastest pace in five months, indicating the industry is starting to emerge from a first-quarter slump.

June 1, 2015
Business

Tracy Morgan, Wal-Mart Settle Lawsuit Over Jersey Crash

Tracy Morgan and Wal-Mart Stores Inc. settled the actor-comedian’s lawsuit over a New Jersey Turnpike crash that had left him in a coma for days and killed another comedian.

May 28, 2015