Sunday, January 21, 2018
Business
Homebuilder sentiment index jumps in May

Homebuilder sentiment index jumps in May

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.

Lowe’s 1Q net income edges up as spending rises

Lowe’s 1Q net income edges up as spending rises

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.

Business inventories rise 0.4 percent in March

Business inventories rise 0.4 percent in March

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.

Daimler to pull shares off New York Stock Exchange

Daimler to pull shares off New York Stock Exchange

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.

Millions of jobs that were cut won’t likely return

Millions of jobs that were cut won’t likely return

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.

Industrial production logs stronger-than-exepected gain

Industrial production logs stronger-than-exepected gain

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.

Video Sponsors