Maersk First-Quarter Profit Jumps on Lower Costs, Higher Volumes
A.P. Moeller-Maersk ’s container shipping line, the world’s largest, said first-quarter profit more than doubled and the forecast was raised on lower costs and higher volumes countered a drop in freight rates.
May 21, 2014Miami Port Unveils $900 Million Tunnel to Ease Truck Traffic
A $900 million underwater tunnel that will give trucks leaving the port of Miami faster access to highways was unveiled May 19, four years after construction began.
May 20, 2014Gasoline Prices Dip 3.5¢ to $3.69, Lundberg Reports
The average U.S. price for regular gasoline fell 3.5 cents in the past two weeks to $3.69 a gallon, the first decline in three months, according to the latest Lundberg Survey of filling stations.
May 19, 2014Consumer Confidence Drops From Nine-Month High
Consumer confidence fell in May from a nine-month high, according to the Thomson Reuters/University of Michigan preliminary sentiment index.
May 16, 2014Housing Starts Rise 13.2% in April
Housing starts climbed 13.2% in April to a 1.07 million annualized rate following March’s 947,000 pace, the Commerce Department reported.
May 16, 2014Industrial Production Declines in April
Industrial production decreased 0.6% in April after a 0.9% gain the prior month that was larger than previously reported, the Federal Reserve said May 15.
May 15, 2014Jobless Claims Decline to Lowest Level in Seven Years
Jobless claims dropped by 24,000 to 297,000 in the week ended May 10, the least since May 2007, the Labor Department reported.
May 15, 2014Wholesale Prices Rise by Most in More Than a Year
Wholesale prices in the United States rose 0.6% in April, the largest increase in more than a year, the Labor Department reported.
May 14, 2014VW Secures Backing to Complete Scania Bid, Bolster Heavy-Trucks Division
Volkswagen AG secured enough backing to move forward with its $9.2 billion bid for Scania AB, removing the last major obstacle to a nearly decadelong effort to forge an integrated heavy-trucks unit.
May 13, 2014Retail Sales Rise 0.1% in April, Following Largest Gain in Four Years
Retail sales increased 0.1% in April after the biggest increase in four years, the Commerce Department reported May 13.
May 13, 2014