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US service firms grow at fastest pace since August

Written By Unknown on Kamis, 05 Juni 2014 | 00.32

WASHINGTON — U.S. service firms grew more quickly last month as production, hiring and new orders increased, adding to signs that the economy is accelerating after dipping at the start of the year. The Institute for Supply Management said Wednesday...
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Uninspiring economic reports send stocks lower

NEW YORK — Stocks are opening lower on Wall Street as traders found little to like in the latest batch of reports on the U.S. economy. Handbag and luxury accessory maker Coach slumped 3 percent in early trading. TripAdvisor also fell 1.6 percent. Protective...
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San Francisco transit 'sickout' in 3rd day

SAN FRANCISCO — San Francisco's famed cable cars remained idle on Wednesday morning on the third day of a worker sickout, but light-rail trains and buses returned to their regular routes as service improved. The San Francisco Municipal Transportation...
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House GOP conflicted on health law alternative

WASHINGTON — House Republicans are united as ever in their election-year opposition to "Obamacare," but they're increasingly divided over their promise to vote this year on an alternative to it. The disagreement comes amid a shifting political calculus...
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Will that be a 6-bedroom suite or just a couch?

NEW YORK — Private elevators, personal shopping assistants, six-bedroom suites with their own postal codes. Even helipads. This is what the super-rich have come to expect from hotels. For others, vacation now means renting someone's apartment, a spare...
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US productivity falls at 3.2 percent rate in 1Q

WASHINGTON — U.S. productivity fell even more than previously thought in the January-March period while labor costs rose at a faster pace. Productivity, the amount of output per hour of work, declined at an annual rate of 3.2 percent in the first quarter,...
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A new 'Destiny' for non-sequel video games at E3

LOS ANGELES — Don't call it a comeback. The recent success of "Titanfall" and "Watch Dogs" has laid the foundation for several new video games that don't contain numbers in their names to be hyped at next week's Electronic Entertainment Expo, the gaming...
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US trade deficit at two-year high in April

WASHINGTON — The U.S. trade deficit jumped to a two-year high in April, as exports declined and imports surged to a record high. The deficit rose to $47.2 billion in April, up 6.9 percent from an upwardly revised March deficit of $44.2 billion, the...
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Co-founder of Burt's Bees says he was ousted

PARKMAN, Maine — Conventional wisdom suggests the Burt behind Burt's Bees left the company after he became disillusioned with the corporate world in North Carolina and wanted to return to his solitary life in Maine. The reality, Burt Shavitz says, is...
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