Wednesday, May 20, 2015
U.S. homebuilders ramped up construction in April to the fastest pace in nearly seven-and-a-half years, hinting at newfound momentum for an economy that has struggled in recent months.
A busy spring pushed Home Depot's first-quarter profit and revenue above Wall Street expectations and the world's biggest home improvement retailer raised its projections for both in 2015.
Tuesday, May 19, 2015
A record number of U.S. travelers are expected to take to the skies this summer thanks to a rebounding economy.
Details of the second year of JP Morgan Chase & Co.'s five-year, US$100 million commitment to invest in Detroit's economic recovery are scheduled to be announced Monday. The global financial services firm already has put US$34 million to work addressing some of the challenges faced by Detroit, which emerged in December from the largest municipal bankruptcy in U.S. history.
Saturday, May 16, 2015
China will invest US$50 billion to help overhaul Brazil's aging infrastructure, Brasilia said Thursday, ahead of an official visit by Chinese Prime Minister Li Keqiang.
An apparently bogus offer to take over Avon Products that appeared on a regulatory website sent its stock on a wild ride Thursday and raised questions about the security of the online service, a trusted source of news for investors.
For nearly three decades Krishan Luthra stubbornly labored away in a General Electric research lab on a long-shot effort to cook up a new type of ceramic that few consumers will ever see or use.
Friday, May 15, 2015
A sharp drop in the cost of gasoline and food pushed down overall U.S. producer prices in April.
Wednesday, May 13, 2015
Royal Dutch Shell's Arctic drilling program has cleared a major bureaucratic hurdle to begin drilling for oil and gas off Alaska's northwestern coast this summer.