New York | 5 hours ago
US stocks trim losses despite weak data
New York, May 2 - US stocks trimmed early losses and traded mixed Wednesday even after weak reports on both private jobs and durable goods orders.Major indexes opened lower after a report from the private payroll processing company ADP showed the US economy only added 119,000 private jobs in April, well below the market expectation of 175,000 and also sharply lower than the revised figure of 201,0 ... read more

New York | 8 hours ago
US stocks open lower
New York, May 2 - US stocks opened lower Wednesday after a private jobs report showed that hiring was slowing.The Dow Jones industrial average fell 31.71 points, or 0.24 percent, at 13,247.61. The Standard & Poor's 500 was down 5.13 points, or 0.36 percent, to 1,400.69. The Nasdaq Composite Index dropped 16.78 points, or 0.55 percent, to 3,033.66, Xinhua reported.According to the private payroll p ... read more

Washington | 4 days ago
US economy slowed in first quarter
Washington, April 28 - The US economy grew 2.2 percent in the first three months of this year after expanding 3 percent in the fourth quarter of 2011, the US Commerce Department said Friday.The first of the department's three estimates of first-quarter gross domestic product fell short of the 2.7 percent increase expected by most analysts.Consumer spending, which drives nearly 70 percent of US eco ... read more

Washington | 6 days ago
Massive Indian investments create jobs in US
Washington, April 26 - Indian companies operating in 40 US states have invested over $820 million in manufacturing facilities in America, creating thousands of jobs, revealed a survey.The 2012 India Business Forum - survey Indian Roots, American Soil: Adding Value to US Economy and Society, released by the Confederation of Indian Industry - at a reception on Capitol Hill Wednesday, highlights the ... read more

Washington | 6 days ago
Huge Indian investments create jobs in US: Survey
Washington, April 26 - Indian companies operating in 40 American states have invested over $820 million in manufacturing facilities in the US, creating thousands of jobs, according to the 2012 India Business Forum - survey.The survey Indian Roots, American Soil: Adding Value to US Economy and Society, released by the Confederation of Indian Industry - at a reception on Capitol Hill Wednesday, high ... read more

New York | 6 days ago
Wall Street gains on Apple, Fed's economic outlook
New York, April 26 - The US Stocks gained broadly Wednesday thanks to strong Apple earning reports and the Federal Reserve's positive economic outlook.The Dow Jones industrial average gained 89.16 points, or 0.69 percent, to 13,090.72. The Standard & Poor's 500 was up 18.72 points, or 1.36 percent, to 1,390.69. The Nasdaq Composite Index rallied 68.03 points, or 2.30 percent, to 3,029.63, Xinhua r ... read more

Washington | 7 days ago
US Fed hints at new steps to boost recovery
Washington, April 26 - US Federal Reserve Chairman Ben Bernanke Wednesday exuded frustration with the slow labor market recovery and hinted that the central bank was poised to take further moves to boost economic growth.The US economy has been expanding moderately and labor market conditions have improved in recent months. The unemployment rate has declined but remains elevated, the bank said afte ... read more

New York | 8 days ago
US oil price edges up
New York, April 25 - The US crude oil price edged up Tuesday as market sentiment rose due to solid corporate earnings.A weakening dollar, which dipped about 0.2 percent against a basket of currencies, also contributed to the price increase, Xinhua reported.But the US economic data offered no support. According to a closely-watched gauge, US home prices in most major cities hit new lows in February ... read more

New York | 20 days ago
US stocks rebound on strong Alcoa earnings
New York, April 12 - US stocks rebounded Wednesday, snapping a five-day losing streak, after aluminum producer Alcoa reported better-than-expected earnings.The Dow Jones industrial average gained 89.46 points, or 0.70 percent, at 12,805.39. The Standard & Poor's 500 was up 10.12 points, or 0.74 percent, to 1,368.71. The Nasdaq Composite Index rose 25.24 points, or 0.84 percent, to 3,016.46, Xinhua ... read more

Washington | 22 days ago
US small business confidence drops
Washington, April 11 - US small business confidence in March fell slightly after rising for six straight months, a leading industry association said Tuesday.The National Federation of Independent Business - said its Small-Business Optimism Index decreased to 92.5 in March from a one-year high of 94.3 in February. Most notably, nine of 10 index components dropped last month. The index gauging earni ... read more