Home / Business (page 22)

Business

US industrial output fell in May; auto production plummeted

industrial output

WASHINGTON (AP) — Falling auto production fueled a broader decline in U.S. industrial output in May, a potentially worrying sign that manufacturers face economic challenges. The Federal Reserve said Wednesday that industrial output — which includes factories, mines and utilities — dropped 0.4 percent from April. The decline reversed the 0.6 percent gain seen between April and March, an improvement ...

Read More »

US retail sales rose in May despite slower hiring

WASHINGTON (AP) — U.S. shoppers increased their spending in May, a sign that consumers are undeterred by the recent slowdown in hiring. The Commerce Department said Tuesday retail sales rose a seasonally adjusted 0.5 percent last month, the second straight increase after a 1.3 percent gain in April. Retail sales appear to be improving after a weak start to 2016, ...

Read More »

Stock indexes fall yet again as British vote looms

NEW YORK (AP) — Stocks were declining for a sixth day Thursday as investors continued to brace for next week’s vote on whether Britain would remain a member of the European Union. Japanese stocks plunged 3 percent after the Bank of Japan decided not to increase its economic stimulus efforts. KEEPING SCORE: The Dow Jones industrial average fell 91 points, ...

Read More »

Global markets drop as Bank of Japan stands pat on stimulus

MANILA, Philippines (AP) — Global stocks fell Thursday after the Bank of Japan kept its monetary policies unchanged and as investors turned their attention to next week’s “Brexit” vote on whether Britain should exit the European Union. KEEPING SCORE: Britain’s FTSE 100 fell 0.7 percent to 5,927 and Germany’s DAX dropped 0.9 percent to 9,520. France’s CAC 40 was down ...

Read More »

Mississippi port trying to land its biggest tenant

GULFPORT, Miss. (AP) — The state port is trying to land its biggest tenant. The Sun Herald reports the company that would use a patented system to condition and liquefy gas on the West Pier for shipment to the Caribbean and Puerto Rico. SeaOne Gulfport LLC’s first production facility and export terminal is estimated to cost $450 million, with expansion ...

Read More »

Oklahoma City-based Kimray Inc. announces more layoffs

Kimray

OKLAHOMA CITY (AP) — An Oklahoma City-based company that makes equipment used in oil- and gas-fields will lay off 120 employees by the end of the week. The layoffs at Kimray Inc. announced Monday come after the company laid off 65 employees in March. Another 128 employees accepted voluntary buyouts in 2015. The latest cuts will leave the company with ...

Read More »