While the Commerce Department released a report on Thursday showing a moderate increase in U.S. business inventories in the month of January, the report also showed a notable drop in business sales. The report said business inventories rose by 0.4 percent in January following a 0.5 percent increase in December. The increase in inventories matched economist estimates.
With prices for fuel imports showing a significant increase, the Labor Department released a report on Thursday showing that U.S. import prices rose by much more than expected in the month of February. The report said import prices climbed by 0.9 percent in February following an upwardly revised 0.4 percent increase in January.
First-time claims for U.S. unemployment benefits unexpectedly showed a modest decrease in the week ended March 8th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 315,000, a decrease of 9,000 from the previous week's revised figure of 324,000.
Retail sales in the U.S. rose by slightly more than expected in the month of February, according to a report released by the Commerce Department on Thursday.
The report said retail sales rose by 0.3 percent in February following a revised 0.6 percent drop in January. Economists had expected sales to edge up by 0.2 percent.
The number of people killed in the building collapse in New York City has risen to six on Thursday.
Two buildings in East Harlem, New York City, collapsed on Wednesday morning following a massive explosion and fire, apparently resulting from a gas leak.
Many people are missing, and dozens injured,...
The commander of the NATO-led International Security Assistance Force (ISAF) and of U.S. forces in Afghanistan says that all of the Afghan presidential candidates are in favor of signing the Bilateral Security Agreement with the United States, and continued affiliation with NATO.
Briefing the Senate...
The United States has expressed deep concerns over Government of Burundi's actions to prevent or break up two separate meetings of opposition political parties earlier this month, and denounced the subsequent violent clashes between police and opposition activists.
"We deplore the government's use...
Controversial Arizona Governor Jan Brewer announced Wednesday that she will not run for another term in office later this year. Announcing her decision at an elementary school in Glendale, Brewer indicated that the time had come to "pass the torch of leadership."
US Secretary of State John Kerry will travel to London on March 14 to meet with his Russian counterpart Sergey Lavrov to discuss the ongoing crisis in Ukraine, a US State Department statement revealed Wednesday.
Kerry is making the trip to London on the directions by President Barack Obama. Notably,...
While more than two dozen Democratic senators staged an all-night "talk-a-thon" on Monday to call attention to climate change, the results of a new Gallup poll show that the issue ranks near the bottom of the list of concerns for Americans.
US President Barack Obama's nominee as director of the National Security Agency and commander of US Cyber Command has stated that legislation and transparency are critical to the nation's security in cyberspace, according to a Pentagon statement Wednesday.
Navy Vice Adm. Michael S. Rogers made the...
Leaders of the Group of Seven nations issued a statement Wednesday indicating that they will not recognize the outcome of the Crimea region's proposed referendum on seceding from Ukraine. Crimea is set to hold a referendum Sunday on whether to rejoin Russia or remain a part of Ukraine. Last Thursday, the regional parliament voted unanimously to become part of Russia.
A building in East Harlem, New York City, collapsed partially following an explosion on Wednesday, reports said.
The New York Fire Department said fire was reported in the building on Park Avenue in the 116th street.
The bomb squad and fire fighters have been pressed into service.
Republican David Jolly narrowly won Tuesday's special election for the House seat representing Florida's 13th Congressional District. Jolly, a former Washington lobbyist, defeated Democratic candidate Alex Sink and Libertarian Lucas Overby in the race to succeed the late Rep. Bill Young, R-Fla. With all precincts reporting, Jolly received 48.5 percent of the vote compared to 46.6 percent for Sink.
The European Parliament's consent to the EU-US trade deal "could be endangered" if blanket mass surveillance by the US National Security Agency (NSA) does not stop, MEPs said on Wednesday, in a resolution wrapping up their six-month inquiry into US mass surveillance schemes. The text also calls on the...