U.S. manufacturing contracts; construction spending surges

WASHINGTON U.S. manufacturing contracted in November for the first time in 36 months as the sector buckled under the weight of a strong dollar and deep spending cuts in the energy sector. | Video

Recent Business News

Farm issues could scupper free trade deal with EU: U.S.

BRUSSELS Differences between the United States and the European Union over issues such as genetically modified crops and hormone-treated beef could scupper a free trade deal, U.S. Agriculture Secretary Tom Vilsack said on Tuesday.

8:50am EST

Chinese banks miss out on the party as Asian M&As pass $1 trillion mark

HONG KONG A surge in Chinese cross-border technology and telecoms deals has helped mergers and acquisitions in Asia Pacific cross $1 trillion for the first time but mainland banks are missing out on the payoffs as they badly trail global rivals in advisory work.

6:00am EST

UnitedHealth CEO defends possible exit of Obamacare exchanges

NEW YORK UnitedHealth Group Inc's chief executive officer on Tuesday defended the company's possible withdrawal from the Obamacare health insurance exchanges, calling the 2015 expansion into two dozen states a "bad decision."

11:08am EST

No sign of collapse in Germany's diesel market after VW scandal: VDA

BERLIN The Volkswagen emissions scandal does not appear to have hit demand for diesel cars in Germany, the chief of the VDA industry association said on Tuesday.

7:17am EST

U.S. construction spending rises solidly to near eight-year high

WASHINGTON, Dec 1 - U.S. construction spending rose more than expected in October as outlays rose across the board, suggesting the economy remains on firmer ground despite some slowing in consumer spending and persistent weakness in manufacturing.

10:21am EST


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