Spring Thaws Boost U S Economy With Hopeful Growth
Washington reports show a rebounding economy as winter losses fade. Factory output rose 0.5 percent in March and motor vehicle sales recovered, spurring optimism for 3 percent-plus growth through June and a Wall Street rally. The Conference Board index rose 0.8 percent to 100.9 signaling spring and summer expansion. Banks increased lending and companies planned further capital investments. The auto sector, led by Batesville Tool & Die, predicts 4 to 8 percent gains over the next few years. Jobless claims fell to a four-year low, suggesting stronger hiring ahead.
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U.S
Georgia
Michael Colega
TD Economics
Conference Board
Business Research Association
Ken Goldstein
Wall Street
Standard & Poor
Federal Reserve
Batesville Tool & Die
Batesville
Ind
Jody Fledderman
Labor Department
UAW Drops Appeal Over VW Tennessee Union Vote
The United Auto Workers ended its challenge to the 712 to 626 vote against unionizing at Volkswagen's Tennessee plant. The move aims to pressure GOP lawmakers to approve a 300 million incentives package while the union shifts focus to a congressional probe into anti union activity.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
United Auto Workers
Volkswagen
Tennessee
U.S
Chattanooga
National Labor Relations Board
UAW
GOP
Gary Casteel
Bob Corker
Bill Haslam
House
Senate
Court to hear dispute over Internet TV broadcasts
The Supreme Court will hear a case against Aereo Inc. backed by Barry Diller that streams free broadcast signals over the Internet to subscribers in 11 cities and beyond. Broadcasters contend copyright infringement threatens retransmission fees projected to exceed 7 billion by 2018.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Aereo Inc
Aereo
Barry Diller
ABC
CBS
Fox
NBC
PBS
U.S
Brooklyn
Tem
Porarily
Dish Network
Echostar Technologies
AP File Media
Allen & Co
Sun Valley
Idaho
Diller
Administration rules against Mexico, Turkey in steel dispute
The Commerce Department preliminarily ruled that imported steel rebar from Mexico and Turkey undercuts U.S. prices and will face immediate duties. Border distribution will stop within a week until cash bonds are posted, with retroactive duties possible up to 90 days. Mexican duties 10–66 percent, Turkish about 2 percent. Final rulings due this summer.
MENTIONED IN THIS ARTICLE
Mexico
Turkey
Washington
Barack Obama
U.S
U.S. Department of Commerce
U.S. Customs and Border Protection
Commerce
Ohio
Rob Portman
Cincinnati
Department of Commerce
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