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US economy shows strength with solid jobs gains in May

Last Updated: Saturday, June 07, 2014, 09:39

The US economy added a net 217,000 positions last month, nearly all from private companies.

White House calls for urgent climate change action

Last Updated: Friday, June 06, 2014, 10:12

The White House called today for urgent action to combat climate change, as it released a study on the impact of global warming across the United States and key sectors of the US economy.

US service sector expands to nine-month high in May

Last Updated: Thursday, June 05, 2014, 09:31

TheNMI, which measures activity in the US service sector, increased to 56.3 percent in May from 55. 2 percent in April.

US factory orders, auto sales buoy growth outlook

Last Updated: Wednesday, June 04, 2014, 09:45

New orders for U.S.-made factory goods rose for a third straight month in April and automakers reported robust vehicle sales in May, boosting the outlook for second-quarter economic growth.

US factory data points at second-quarter growth pick up

Last Updated: Tuesday, June 03, 2014, 09:42

U.S. manufacturing activity accelerated in May and construction spending rose for a third straight month in April, suggesting economic growth was regaining steam in the second quarter.

Asian shares ride Wall Street optimism, dollar slips

Last Updated: Friday, May 30, 2014, 09:36

Asian shares edged higher on Friday, catching a lift from another record close on Wall Street, while the dollar groaned under the pressure of slumping U.S. yields.

M&A food fight boosts US stocks

Last Updated: Friday, May 30, 2014, 04:25

The battle between two giant meat processors over hot dog maker Hillshire Brands helped boost Wall Street and lifted the S&P 500 to a new record on Thursday.

S&P hits record on growth bets despite GDP contraction

Last Updated: Thursday, May 29, 2014, 23:03

US stocks rose at the open on Thursday on expectations of strong growth in the second quarter, even as data showed the world`s largest economy contracted in the first quarter.

US economy contracts in first quarter on inventories, trade

Last Updated: Thursday, May 29, 2014, 18:57

The government had previously estimated GDP growth expanding at a 0.1 percent rate.

Americans' confidence in big business is low: Gallup

Last Updated: Wednesday, May 28, 2014, 04:37

A majority of Americans say large US companies do a poor job in helping the US economy, with 43 percent saying the companies are weak in creating jobs for Americans, Gallup found in a poll released Tuesday.

Demand trend for domestic IT services remain positive: Barclays

Last Updated: Friday, May 23, 2014, 17:52

The accelerating US economy has led to a pick-up in discretionary IT spends and deal signings by domestic vendors remain strong, the report said.

Fed began weighing options for rate rise: Minutes

Last Updated: Thursday, May 22, 2014, 02:29

The Federal Reserve has begun to discuss the tools it could use to finally pull back the extraordinary stimulus it's provided the US economy since 2008. But Fed officials plan further discussions and have set no timetable for any increase in interest rates.