Business

Business U.S. construction spending down 0.8 percent U.S. construction spending down 0.8 percent
U.S. construction spending fell in August, the second decline in the past three months, with housing, non-residential and government projects all showing weakness.
Business Contracts to buy US homes slide in August Contracts to buy US homes slide in August
Fewer Americans signed contracts to buy homes in August, suggesting that real estate sales will remain sluggish over the next few months.
Business US consumer spending up 0.5 percent in August US consumer spending up 0.5 percent in August
Americans boosted spending by a healthy amount in August, offering welcome evidence that the economy is on solid footing heading into the final quarter of the year.
Business Macy's joins others in a big holiday hiring spree Macy's joins others in a big holiday hiring spree
Macy's plans to hire about 86,000 seasonal holiday workers nationwide to bolster its stores, call centers and distribution hubs, a 3.6 percent increase from last year.
Business More strikes coming at Lufthansa this week More strikes coming at Lufthansa this week
A union representing pilots at Germany's Lufthansa has announced a strike affecting long-haul flights from the airline's main Frankfurt hub on Tuesday, resuming a campaign of targeted walkouts after contract talks broke down last week.
Business US consumer sentiment index reaches 14-month high US consumer sentiment index reaches 14-month high
A measure of U.S. consumer confidence reached its highest level since July 2013, led by greater optimism that the economy will grow and incomes will rise.
Business Economy's Q2 rebound was even faster than thought Economy's Q2 rebound was even faster than thought
The U.S. economy's bounce-back last quarter from a dismal winter was even faster than previously thought, a sign that growth will likely remain solid for rest of the year.
Business BlackBerry posts $207 million loss BlackBerry posts $207 million loss
BlackBerry posted a loss of $207 million in the second quarter just days after the embattled company launched a new phone.
Business Applications for U.S. unemployment rise to 293,000 Applications for U.S. unemployment rise to 293,000
The number of people seeking U.S. unemployment benefits increased last week after falling sharply two weeks ago. Despite the rise, the level of applications remains near pre-recession levels, a sign that hiring will likely remain healthy.
Business H&M eyes further expansion in U.S., China H&M eyes further expansion in U.S., China
Fashion retailer Hennes & Mauritz AB said Thursday it plans to expand its business over the coming year by increasing online sales and opening new stores, particularly in its largest markets, the U.S. and China.
Business U.S. durable goods orders fell 18.2 percent in August U.S. durable goods orders fell 18.2 percent in August
Orders for long-lasting manufactured goods slumped in August as demand for commercial aircraft descended from record highs, but investment plans by businesses posted promising gains.
Business Businesses won't have to return BP spill payouts Businesses won't have to return BP spill payouts
BP wanted its money back - hundreds of millions of dollars of it - but a federal judge said Wednesday that the oil giant must stick by its agreement with the companies it compensated for business losses due to the 2010 Gulf oil spill.