U.S. construction spending posts surprise decline in August

WASHINGTON, Oct 1 - U.S. construction spending unexpectedly fell in August, hit by weaker private spending outside the housing sector and a pullback in public investments.

Recent Business News

Wall Street opens lower, Ebola concern weighs

NEW YORK - U.S. stocks edged lower at the open on Wednesday as caution arose following the first diagnosis of a patient in the United States with Ebola.

9:40am EDT

Exclusive: Goldman leads investment by Wall Street in new communications platform

NEW YORK - After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch.

9:57am EDT

New York Times to cut jobs

- The New York Times Co said it planned to cut jobs to lower costs and invest the savings in its "digital future."

9:45am EDT

Special Report: In foreign hands, British automakers overtake France

LONDON/PARIS - When Britain lost its last native car company 20 years ago, it was lamented across the political spectrum as a national catastrophe.

7:46am EDT

Chrysler reports U.S. auto sales jump 19 percent

DETROIT - Chrysler Group LLC on Wednesday reported its third straight month of double-digit gains in the U.S. market, selling 19 percent more vehicles in September than a year ago, an indication that industry strength continued as summer waned.

8:22am EDT


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