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/2013/05/02/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/2013/03/07/trade-gap-widens-to-44-4b-as-oil-imports-rise/ http://thedailyrecord.com/2013/03/07/trade-gap-widens-to-44-4b-as-oil-imports-rise/#comments Thu, 07 Mar 2013 14:45:04 +0000 Associated Press http://thedailyrecord.com/?p=235051 WASHINGTON — The U.S. trade deficit widened in January, reflecting a big jump in oil imports and a drop in exports. The Commerce Department said Thursday that the deficit rose to $44.4 billion, an increase of 16.5 percent from December. U.S. exports dropped 1.2 percent to $184.5 billion, reflecting declines in sales to Europe, China, [...]

]]> http://thedailyrecord.com/2013/03/07/trade-gap-widens-to-44-4b-as-oil-imports-rise/feed/ 0 http://thedailyrecord.com/2013/02/08/steep-drop-in-oil-imports-shrinks-u-s-trade-deficit/ http://thedailyrecord.com/2013/02/08/steep-drop-in-oil-imports-shrinks-u-s-trade-deficit/#comments Fri, 08 Feb 2013 14:34:50 +0000 Associated Press http://thedailyrecord.com/?p=233269 WASHINGTON — The U.S. trade deficit narrowed sharply in December because exports rose while oil imports plummeted. The smaller trade gap means the economy almost surely grew in the October-December quarter — an improvement from the government’s estimate last week that it shrank in the final months of 2012. The trade deficit fell nearly 21 [...]

]]> http://thedailyrecord.com/2013/02/08/steep-drop-in-oil-imports-shrinks-u-s-trade-deficit/feed/ 0 http://thedailyrecord.com/2013/01/11/trade-gap-hit-48-7-billion-in-november/ http://thedailyrecord.com/2013/01/11/trade-gap-hit-48-7-billion-in-november/#comments Fri, 11 Jan 2013 14:36:08 +0000 Associated Press http://thedailyrecord.com/?p=231363 WASHINGTON — The U.S. trade deficit expanded in November to its widest point in seven months, driven by a surge in imports that outpaced only modest growth in exports. The Commerce Department report Friday suggests trade will drag on economic growth in the October-December quarter. A wider trade gap slows growth because it means Americans [...]

]]> http://thedailyrecord.com/2013/01/11/trade-gap-hit-48-7-billion-in-november/feed/ 0 http://thedailyrecord.com/2012/09/18/u-s-current-account-deficit-fell-in-q2-to-117-4b/ http://thedailyrecord.com/2012/09/18/u-s-current-account-deficit-fell-in-q2-to-117-4b/#comments Tue, 18 Sep 2012 13:01:21 +0000 Associated Press http://thedailyrecord.com/?p=223773 WASHINGTON — The U.S. current account trade deficit narrowed in the April-June period, pushed lower by an increase in American exports and cheaper oil imports. The Commerce Department said Tuesday that the deficit in the current account decreased 12.1 percent to $117.4 billion in the second quarter. That’s down from a deficit of $133.6 billion [...]

]]> http://thedailyrecord.com/2012/09/18/u-s-current-account-deficit-fell-in-q2-to-117-4b/feed/ 0 http://thedailyrecord.com/2012/09/10/chinas-imports-shrink-in-sign-downturn-worsening/ http://thedailyrecord.com/2012/09/10/chinas-imports-shrink-in-sign-downturn-worsening/#comments Mon, 10 Sep 2012 13:45:25 +0000 Associated Press http://thedailyrecord.com/?p=223229 BEIJING — China’s imports shrank unexpectedly in August in a sign its economic slump is worsening and the Chinese president warned growth could slow further, prompting expectations of possible new stimulus spending. Imports declined 2.6 percent from a year earlier, below analysts’ expectations of growth in low single digits, data showed Monday. That came on [...]

]]> http://thedailyrecord.com/2012/09/10/chinas-imports-shrink-in-sign-downturn-worsening/feed/ 0 http://thedailyrecord.com/2012/04/23/port-sets-cargo-value-record-in-2011/ http://thedailyrecord.com/2012/04/23/port-sets-cargo-value-record-in-2011/#comments Mon, 23 Apr 2012 19:52:10 +0000 Alexander Pyles http://thedailyrecord.com/2012/04/23/port-sets-cargo-value-record-in-2011/ &via=&related=DolcePixel"> Automobiles drove a banner year for the Port of Baltimore in 2011, as the port handled a record $51.4 billion in cargo, including a nation-leading total of cars and trucks. According to the port’s figures, it also led the nation in year-over-year increases in total cargo handled, with nearly 38 million tons passing across the [...]

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]]> http://thedailyrecord.com/2012/04/23/port-sets-cargo-value-record-in-2011/feed/ 0 http://thedailyrecord.com/2012/03/09/u-s-trade-deficit-grew-to-3-year-high-in-january/ http://thedailyrecord.com/2012/03/09/u-s-trade-deficit-grew-to-3-year-high-in-january/#comments Fri, 09 Mar 2012 20:30:27 +0000 Associated Press http://thedailyrecord.com/2012/03/09/u-s-trade-deficit-grew-to-3-year-high-in-january/ WASHINGTON — The U.S. trade deficit surged in January to the widest imbalance in more than three years after imports grew faster than exports. Rising oil prices helped drive imports to a record high, as did stronger demand for foreign-made cars, computers and food products. And exports to Europe fell, a sign that the region’s [...]

]]> http://thedailyrecord.com/2012/03/09/u-s-trade-deficit-grew-to-3-year-high-in-january/feed/ 0 http://thedailyrecord.com/2012/02/10/u-s-trade-deficit-up-to-48-8-billion-in-december/ http://thedailyrecord.com/2012/02/10/u-s-trade-deficit-up-to-48-8-billion-in-december/#comments Fri, 10 Feb 2012 14:10:10 +0000 Associated Press http://thedailyrecord.com/2012/02/10/u-s-trade-deficit-up-to-48-8-billion-in-december/ WASHINGTON — Monthly U.S. exports to Europe grew in December, a hopeful sign after a steep decline the previous month. But, some economists remain concerned that the region’s debt crisis will still weigh on the U.S. economy this year. The Commerce Department said Friday that the overall trade deficit widened to $48.8 billion in December [...]

]]> http://thedailyrecord.com/2012/02/10/u-s-trade-deficit-up-to-48-8-billion-in-december/feed/ 0 http://thedailyrecord.com/2011/12/09/trade-deficit-shrinks-for-fourth-straight-month/ http://thedailyrecord.com/2011/12/09/trade-deficit-shrinks-for-fourth-straight-month/#comments Fri, 09 Dec 2011 16:32:49 +0000 Associated Press http://thedailyrecord.com/2011/12/09/trade-deficit-shrinks-for-fourth-straight-month/ WASHINGTON — The U.S. trade deficit narrowed in October to its lowest point of the year after Americans bought fewer foreign cars and imported less oil. The shrinking trade gap boosted growth over the summer and may do so again in the final three months of the year. But economists worry the trend could reverse [...]

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