Category: Economy

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ISM report: U.S. nonmanufacturing PMI climbs to 55.2 in April

The nonmanufacturing sector in the U.S. showed signs of expansion in April, according to an Institute for Supply Management (ISM) report released Mond...
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AIG first quarter earnings down 27 percent to $1.6B

American International Group Inc. (AIG) reported a 27 percent drop in profit during the first quarter due to higher costs of claims at the insurer's p...
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Pfizer Inc. profit falls 15 percent to $2.33B in Q1

Pfizer Inc. reported a 15 percent decline in first-quarter profit due to weaker revenue at the drug maker's two biggest businesses.
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J. Crew Recalls Baby Coveralls Due to Choking Hazard (Recall Alert)

The firm has received eight reports of snaps detaching. No injuries have been reported.Consumers should immediately stop using the coveralls and conta...
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Propulsion malfunction delays cruise ship docking in NYC pier

A Norwegian cruise ship was delayed from docking at the New York Passenger Ship Terminal Sunday after a propulsion malfunction left it stuck in the Hu...
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U.S. adds 288K jobs in April; jobless rate at down to 6.3 percent

The U.S. economy created 288,000 jobs in April as the labor market rebounds following severe winter weather. The increase is the biggest in over two y...
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Secret To Success: a Derby Win and Racing’s Doping Addiction

The Derby of' 1964, run 50 years ago this weekend, would in some ways turn out to be one of the most important and telling in horseracing history, its...
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U.S. economy grows by just 0.1 percent in the first quarter of 2014

U.S. economic growth nearly stayed flat in the first quarter of 2013, the latest sign that the economic expansion that started nearly five years ago c...
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T-Mobile US Inc. adds 1.3 million wireless postpaid users

T-Mobile US Inc. reported that it attracted another 1.3 million subscribers for its wireless postpaid service, its strongest quarterly net gain, conti...
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ConocoPhillips first-quarter profit falls $2.12bn; revenue up

ConocoPhillips reported lower profit in the first quarter, but revenue climbed, helped by a rise in average selling prices for natural gas and strong ...