http://thedailyrecord.com Maryland's trusted source for business and legal news Fri, 17 May 2013 23:24:56 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://thedailyrecord.com/2013/05/13/retail-sales-rise-in-april-on-cars-clothing/ http://thedailyrecord.com/2013/05/13/retail-sales-rise-in-april-on-cars-clothing/#comments Mon, 13 May 2013 14:12:14 +0000 Associated Press http://thedailyrecord.com/?p=239630 WASHINGTON — Lower-priced gas allowed Americans to step up their spending at retailers in April, from cars and clothes to electronics and appliances. The rebound from a weak March suggests consumers remain resilient in the face of higher taxes and could continue to drive economic growth this spring. Retail sales edged up 0.1 percent in [...]

]]> http://thedailyrecord.com/2013/05/13/retail-sales-rise-in-april-on-cars-clothing/feed/ 0 http://thedailyrecord.com/2013/05/09/jobless-aid-applications-fall-to-5-year-low-3/ http://thedailyrecord.com/2013/05/09/jobless-aid-applications-fall-to-5-year-low-3/#comments Thu, 09 May 2013 13:58:00 +0000 Associated Press http://thedailyrecord.com/?p=239437 WASHINGTON — The number of Americans who applied for unemployment benefits fell by 4,000 last week to a seasonally adjusted 323,000, a five-year low. Layoffs have returned to pre-recession levels, a trend that could lead to more hiring. The Labor Department said Thursday that the less volatile four-week average dropped 6,250 to 336,750. That the [...]

]]> http://thedailyrecord.com/2013/05/09/jobless-aid-applications-fall-to-5-year-low-3/feed/ 0 http://thedailyrecord.com/2013/05/02/economic-reports-hold-out-hope-for-hiring-gains/ http://thedailyrecord.com/2013/05/02/economic-reports-hold-out-hope-for-hiring-gains/#comments Thu, 02 May 2013 20:30:53 +0000 Associated Press http://thedailyrecord.com/?p=238970 WASHINGTON — Fewer people are losing their jobs. Employers are struggling to squeeze more work from their staffs. The U.S. is producing so much oil that imports are plunging, narrowing the trade deficit. A string of data Thursday raised hopes for stronger hiring and U.S. growth in coming months. More jobs would spur spending and [...]

]]> http://thedailyrecord.com/2013/05/02/economic-reports-hold-out-hope-for-hiring-gains/feed/ 0 http://thedailyrecord.com/2013/05/01/no-policy-changes-are-expected-as-fed-ends-meeting/ http://thedailyrecord.com/2013/05/01/no-policy-changes-are-expected-as-fed-ends-meeting/#comments Wed, 01 May 2013 17:38:14 +0000 Associated Press http://thedailyrecord.com/?p=238838 WASHINGTON — The Federal Reserve on Wednesday stood by its aggressive efforts to stimulate the economy and reduce unemployment. And it sent its most explicit signal to date that tax increases and spending cuts that kicked in this year are slowing the economy. “Fiscal policy is restraining economic growth,” the Fed said in a statement [...]

]]> http://thedailyrecord.com/2013/05/01/no-policy-changes-are-expected-as-fed-ends-meeting/feed/ 0 http://thedailyrecord.com/2013/04/26/economy-accelerates-at-2-5-percent-rate-in-q1/ http://thedailyrecord.com/2013/04/26/economy-accelerates-at-2-5-percent-rate-in-q1/#comments Fri, 26 Apr 2013 14:14:26 +0000 Associated Press http://thedailyrecord.com/?p=238524 WASHINGTON — After nearly stalling in late 2012, the American economy quickened its pace early this year despite deep government cutbacks. The strongest consumer spending in two years fueled a 2.5 percent annual growth rate in the January-March quarter. The question is: Can it last? Federal spending cuts, higher Social Security taxes and cautious businesses [...]

]]> http://thedailyrecord.com/2013/04/26/economy-accelerates-at-2-5-percent-rate-in-q1/feed/ 0 http://thedailyrecord.com/2013/04/24/orders-for-durable-goods-fall-5-7-pct-in-march/ http://thedailyrecord.com/2013/04/24/orders-for-durable-goods-fall-5-7-pct-in-march/#comments Wed, 24 Apr 2013 15:00:22 +0000 Associated Press http://thedailyrecord.com/?p=238334 WASHINGTON — Orders for long-lasting U.S. factory goods fell in March by the most in seven months. The drop reflected a steep decline in commercial aircraft demand and little growth in orders that signal future business investment. The Commerce Department said Wednesday that orders for durable goods declined 5.7 percent in March. That followed a [...]

]]> http://thedailyrecord.com/2013/04/24/orders-for-durable-goods-fall-5-7-pct-in-march/feed/ 0 http://thedailyrecord.com/2013/04/19/poll-public-pessimism-on-economy-is-increasing/ http://thedailyrecord.com/2013/04/19/poll-public-pessimism-on-economy-is-increasing/#comments Fri, 19 Apr 2013 12:33:52 +0000 Associated Press http://thedailyrecord.com/?p=238052 WASHINGTON — For the third year in a row, the nation’s economic recovery has hit a springtime soft spot. Reflecting that weakness, only 1 in 4 Americans now expects his or her own financial situation to improve over the next year, a new Associated Press-GfK poll shows. The sour mood is undermining support for President [...]

]]> http://thedailyrecord.com/2013/04/19/poll-public-pessimism-on-economy-is-increasing/feed/ 0 http://thedailyrecord.com/2013/04/16/consumer-prices-drop-0-2-pct-on-cheaper-gas/ http://thedailyrecord.com/2013/04/16/consumer-prices-drop-0-2-pct-on-cheaper-gas/#comments Tue, 16 Apr 2013 14:17:34 +0000 Associated Press http://thedailyrecord.com/?p=237745 WASHINGTON — U.S. consumer prices declined last month as the cost of gas fell sharply and food prices were unchanged. The tame reading is the latest evidence that the sluggish economy is keeping inflation in check. The consumer price index declined a seasonally adjusted 0.2 percent in March, after jumping 0.7 percent in February, the [...]

]]> http://thedailyrecord.com/2013/04/16/consumer-prices-drop-0-2-pct-on-cheaper-gas/feed/ 0 http://thedailyrecord.com/2013/04/12/retail-sales-fall-0-4-percent-in-march-2/ http://thedailyrecord.com/2013/04/12/retail-sales-fall-0-4-percent-in-march-2/#comments Fri, 12 Apr 2013 16:54:54 +0000 Associated Press http://thedailyrecord.com/?p=237598 WASHINGTON — Sales at U.S. retailers fell in March from February, indicating that higher taxes and weak hiring likely made some consumers more cautious about spending. Retail sales declined a seasonally adjusted 0.4 percent last month, the Commerce Department said Friday. That followed a 1 percent gain in February and a 0.1 percent decline in [...]

]]> http://thedailyrecord.com/2013/04/12/retail-sales-fall-0-4-percent-in-march-2/feed/ 0 http://thedailyrecord.com/2013/04/04/unemployment-aid-applications-jump-to-385000/ http://thedailyrecord.com/2013/04/04/unemployment-aid-applications-jump-to-385000/#comments Thu, 04 Apr 2013 14:46:40 +0000 Associated Press http://thedailyrecord.com/?p=237026 WASHINGTON, D.C. — The number of Americans seeking unemployment aid rose last week by 28,000, the third straight increase. Weekly applications increased to a seasonally adjusted 385,000, the Labor Department said Thursday. That’s the highest level since late November. The gain pushed the four-week average, a less volatile measure, to 354,250. A Labor Department spokesman [...]

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