U.S. businesses added to their stockpiles at a faster rate in September, though sales remained weak.Read More »
The Maryland State Archives has corrected record-keeping problems that state auditors said put artifacts at risk of being lost or stolen, the archives’ deputy director said Tuesday.Read More »
WASHINGTON — U.S. wholesalers increased their stockpiles in July from June, but sales fell for a third straight month. Declining sales could force companies to cut inventories in coming months, a troubling sign that economic growth could weaken. The Commerce ...Read More »
WASHINGTON — U.S. wholesale companies cut back their stockpiles in June as sales fell by the most in three years. The declines in sales and inventories could signal slower growth in the coming months. Wholesale inventories dropped 0.2 percent in ...Read More »
WASHINGTON — Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests consumers are gaining confidence in the housing market and a modest recovery will continue. The National Association ...
Tagged with: consumer confidence contracts Economy hiring home values homes housing market inventory National Association of Realtors new homes previously occupied homes prices sales standard & poor's/case-shiller indexRead More »
RICHMOND, Va. — The Roomstore Inc. plans to sell its assets at an auction, including the inventory at its stores. The Goochland County-based retailer filed for Chapter 11 bankruptcy protection last December. It has asked a federal Bankruptcy Court judge ...Read More »
WASHINGTON — Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak. Foreclosed homes are usually sold at steep discounts, thereby lowering average prices. And by expanding the supply of low-priced previously occupied homes, ...
Tagged with: buyers commerce department construction Financing foreclosure homes inventory National Association of Realtors new homes new-home sales sellers standard & poor's/case-shiller home-price indexRead More »
WASHINGTON — The U.S. economy grew more slowly over the summer than the government had earlier estimated because businesses cut back more sharply on restocking of shelves. The Commerce Department said Tuesday that the economy expanded at an annual rate ...Read More »
WASHINGTON — Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer. The Institute for Supply Management, a trade group of purchasing executives, said Monday that its index of manufacturing activity ...Read More »
WASHINGTON — Businesses added to their stockpiles for a 14th straight month in February while sales increased for an eighth consecutive month, signs that factories expect to see rising demand in coming months. The Commerce Department says business inventories rose ...Read More »