LOS ANGELES — U.S. homebuilders are growing more optimistic about their fortunes, with many expecting improved sales and customer traffic in coming months despite the end of homebuyer tax incentives.
NEW YORK — Lowe’s Cos. said Monday its net income rose 2.7 percent in the first quarter as people spent more money on home-improvement projects and bought more big-ticket items such as gas grills and riding mowers.
WASHINGTON — Businesses boosted their inventories for a third straight month in March, a further sign that they are gaining confidence in the strength of the recovery.
DETROIT — German car and truck maker Daimler AG wants to pull its shares off the New York Stock Exchange due to low trading volume and to reduce the complexity of its financial reports, the company said Friday.
WASHINGTON — Fewer construction workers will be needed. Don’t expect as many interior designers or advertising copywriters, either. Retailers will get by with leaner staffs.
WASHINGTON — Industrial production logged a stronger-than-expected gain in April, more evidence that manufacturing is playing a lead role in powering the economic recovery.