‘Business’ Archives
U.S. Economy Shows A Spark Of Life
The U.S. economy is showing a faint pulse after the nation's GDP rose at a 2 percent annual rate in the July-through-September quarter. That was a slight improvement from the 1.7 percent growth rate in the second quarter and the fifth straight quarter of expansion. However, experts say the feeble growth is still not enough to impact jobs. [...]
Toyota Recalls Cars With Brake Problems
Toyota recalls more cars, this time with master brake cylinder problems. The recall affects Avalon, non-Hybrid Highlander, and Lexus RX, GS, and IS models. In total, the company will repair 750,000 cars in the United States, 599,000 cars in Japan, approximately 140,000 cars in Australia and the rest of Asia, and about 50,000 in Europe. Toyota [...]
Housing Starts Up Showing Glimmer Of Hope
The Commerce Department reported a rise of 0.3% in housing starts, amounting to a seasonally adjusted annual rate of 610,000 in September, up from 608,000 in August. Single family starts rose 4.4% in September, while multi-family dwellings fell by 9.7%. It was the largest number of new homes being built in five months, and marked a 4.1% [...]
