WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

US construction spending down 1.1 percent in January
Spending on home construction rose 0.6 percent but spending on nonresidential projects dropped 1.6 percent, reflecting declines in hotels, office buildings and the category that covers shopping centers. Over the course of 2014, spending on offices...
Mar 2, 2015 | 3:02 PM
US construction spending falls 1.1 percent in January with weakness in government projects
WASHINGTON (AP) — US construction spending falls 1.1 percent in January with weakness in government projects.
Mar 2, 2015 | 3:02 PM
Eurozone gets double dose of mildly positive economic news
Official figures from Eurostat showed that the fall in consumer prices eased notably in February, a development that will temper the more alarming predictions that the region is sliding into a protracted period of deflation. The bank's president,...
Mar 2, 2015 | 2:02 PM
US stocks open slightly higher; Freescale jumps on deal
Endo International gained 3 percent after the company reported earnings and revenue that beat analysts' forecasts. European markets edged lower as investor optimism faded over a weekend interest rate cut by the Chinese central bank.
Mar 2, 2015 | 1:02 PM
Cardinal Health offers to buy J&J unit for about $1.94B
NEW BRUNSWICK, N.J. (AP) — Cardinal Health is offering to buy a unit of Johnson & Johnson that makes heart devices for approximately $1.94 billion. Cardinal Health expects the proposed deal to add more than 20 cents per share to its fiscal 2017...
Mar 2, 2015 | 12:02 PM
Texas oil company: Sahara offshore test well not commercial
A 2002 U.N. letter responding to questions of the legality of Morocco signing exploration agreements for the territory concluded that the exploitation of resources "in disregard of the interest and wishes of the people of Western Sahara" would be...
Mar 2, 2015 | 11:02 AM
Germany's RWE completes oil and gas sale to Russian investor
BERLIN (AP) — German energy company RWE says it has completed the 5.1 billion euro ($5.7 billion) sale of its oil and gas exploration and production division to a Russian-linked investment company. RWE AG announced the planned sale of its Dea unit...
Mar 2, 2015 | 11:02 AM
Consumer spending drops 0.2 percent in January, second monthly decline, while income up
WASHINGTON (AP) — Consumer spending drops 0.2 percent in January, second monthly decline, while income up.
Mar 2, 2015 | 11:02 AM
Buffett praises IBM, ExxonMobil even after selling oil firm
(AP) — Investor Warren Buffett is praising both IBM and ExxonMobil even though the computing business has struggled and Berkshire Hathaway sold its 41 million shares in the oil producer. Buffett says ExxonMobil remains a wonderful company even...
Mar 2, 2015 | 10:02 AM