U.S. consumers increased their spending in October even though their wages and salaries barely increased, raising questions about how strong the economy will grow at the end of the year.The Commerce Department says consumer spending increased 0.3 percent in October compared with September when spending rose 0.2 percent.
A fourth straight month of solid hiring cut the U.S. unemployment rate to a five-year low of 7 percent in November, an encouraging sign for the economy. The Labor Department says employers added 203,000 jobs, nearly matching October's revised gain of 200,000. The job gains helped lower the unemployment rate from 7.3 percent in October.
The project will increase the use of gas from a landfill about nine miles away that began in 2002 when the factory began using it to create steam for the 4,000-worker factory that assembles Chevrolet Silverado and GMC Sierra pickup trucks.
Silver could take on a whole new meaning when it comes to car shopping. With more elderly drivers on the road, the federal government is contemplating a "silver car" rating system that will help identify which cars better protect elderly drivers and passengers in a crash.
Toyota Motor Manufacturing Indiana Inc. says because of the Highlander it has invested another $430 million into the automotive plant in Princeton, about 25 miles north of Evansville. Toyota also plans to add 600 more jobs at the factory by the end of 2014.
"Cannibal sandwiches," an appetizer featuring raw, lean ground beef served on cocktail bread, may be a Wisconsin tradition, but they are not safe, health officials said, noting that more than a dozen people became ill after consuming them last holiday season.
One month after the April 17 blast, the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives and the Texas Fire Marshal's Office declared they had narrowed the initial fire that sparked the explosion to three possible causes: a battery-powered golf cart, an electrical system in the plant or a criminal act.
With Boeing the king of U.S. aircraft manufacturing, more than a dozen states are groveling before the throne for a share of the riches to be made from the next-generation 777 jetliner.From coast to coast, states are rushing to impress Boeing with lavish incentive packages that offer property, labor deals and billions of dollars in tax breaks.
Mississippi should seize an opportunity to compete for energy-thirsty economic development, economist David Dismukes suggested Thursday at the Governor's Energy Summit.A Louisiana State University professor, Dismukes was hired by the Mississippi Energy Institute to look at opportunities that might arise from the U.S. boom in natural gas production.
The decision comes just two months after Shell selected a site for the plant. It would have created 740 jobs, according to a late-September announcement that championed the plant's location in Ascension Parish, near Baton Rouge.
Grand Valley State University's Michigan Alternative and Renewable Energy Center has launched a number of upstart businesses, but breakthrough products have been few and far between.Energy Partners LLC founder and GVSU professor emeritus Jim Wolter thinks he and partner Ed Brandel have come upon an energy storage device that could be a game changer.
One enterprising car buyer just bought a Tesla Model S Performance using the digital Bitcoins, an open-source currency that uses cryptography to secure and anonymize transactions between parties, from the Lamborghini Newport Beach dealership.
The eco-friendly building rating system known as LEED has been around for more than a decade, powering a green arms race in cities across the nation. It's an industry force, certifying thousands of buildings and providing a marketing tool, tax breaks and other incentives to builders eager to cash in on the sustainability craze.
Gail Wise didn't know she was getting anything special when she drove away from a Chicago Ford dealership in the spring of 1964 in the first Mustang ever sold. Wise paid $3,347 for the car, happy to have a convertible. It wasn't until she was on the road, with other drivers honking and flagging her down, that she realized what she had.
U.S. factories received fewer orders in October, as aircraft demand fell and businesses cut back on computers. The decline suggests companies were hesitant to invest during the 16-day partial government shutdown.Factory orders dropped 0.9 percent in October, the Commerce Department said Thursday.
Norman noted that the energy revolution has resulted in lower natural gas prices, an easing in the upward pressure on the global price of crude oil, a reduced trade deficit, a competitive advantage for industries using natural gas, and increased demand for manufactured products.
The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a trend that could reverse in the current quarter and hold back growth.The Commerce Department's second estimate of third-quarter growth released Thursday was sharply higher than the initial 2.8 percent rate reported last month.
The Fit sold 26,235 units, up 181.5 percent from a year earlier, with its hybrid model with a fuel economy of 36.4 kilometers per liter drawing robust demand, according to the Japan Automobile Dealers Association and the Japan Mini Vehicles Association.
A report from the U.S. Food and Drug Administration says the Idaho Department of Agriculture spotted moldy yogurt during a routine inspection at a Chobani facility in Twin Falls two months before the company issued a voluntary recall.
Germany's Merck KGaA has announced plans to buy AZ Electronic Materials, which supplies high-tech materials for the electronics industry, for about 1.6 billion pounds ($2.6 billion).Pharmaceutical and high-tech materials company Merck said Thursday that it will offer 403.5 pence ($6.61) in cash per AZ share.