US economy grows 2.4 percent in first quarter
The Commerce Department reports first quarter growth at 2.4 percent annual rate, modestly down from a prior 2.5 percent estimate. Consumer spending supported activity while business restocking slowed and state local cuts deepened. Analysts expect 2.2 percent for the year with potential 3.2 percent in 2014 as hiring improves.
MENTIONED IN THIS ARTICLE
Washington, D.C
U.S
Commerce Department
Jennifer Lee
BMO Capital Markets
Lee
Auto makers push cheap leases to boost EV sales
Detroit automakers see low leasing as a tool to lift lagging electric car demand. Honda cuts monthly payments and adds freebies like a free home charging station and unlimited mileage while rivals pursue steep discounts. EV sales remain under 1 percent of total US auto volume, with subsidies offsetting losses as costs for batteries stay high.
MENTIONED IN THIS ARTICLE
Detroit
Honda
Orign
Ward
Autolnfo Bank
Tesla Motors
Chrysler
Sergio Marchionne
Bank owned home sales hit five year low in Q1
RealtyTrac says bank owned homes and foreclosures dipped in the January March quarter. Sales fell 16 percent from the prior quarter and 23 percent from Q1 2012, marking the lowest level since early 2008. Foreclosure related sales share also declined to 71 percent of all U.S. home sales.
MENTIONED IN THIS ARTICLE
Los Angeles
U.S
Realty- Trac
Windows 8.1 aims to ease Microsoft’s controversial redesign
Microsoft moves to regain users with Windows 8.1 a free update set for release later this year. The changes simplify navigation restore a familiar start approach on PCs and address long standing complaints about the removal of the traditional start button. IDC criticism of Windows 8’s impact on PC adoption is noted as a pressure point.
MENTIONED IN THIS ARTICLE
San Francisco
Mioso
Microsofts
IDC
Windows
Microsoft
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Michael Liedtke
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Eco
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