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U.S. factory activity at five-month high in March: Markit

Growth in the U.S. manufacturing sector rose to a five-month high in March as output and employment gained, according to an industry report released on Wednesday.

Recent Business News

Goldman economist says Fed hike likely late 2015 or early 2016

STONE MOUNTAIN, Ga. - Goldman Sachs Economist Jan Hatzius said on Wednesday he believed the Federal Reserve will likely raise interest rates late this year or early next year, given the amount of slack still present in the labor market.

9:54am EDT

Simon Property ends pursuit of Macerich

- Simon Property Group Inc scrapped its attempt to buy Macerich Co , ending what could have been the largest deal between U.S. shopping mall operators after Macerich rejected its sweetened offer of $23.2 billion including debt.

9:55am EDT

Sears to set up REIT to raise $2.5 billion from shareholders

- Sears Holdings Corp plans to raise more than $2.5 billion from shareholders by offering rights to buy shares in a real estate investment trust that will hold some of its stores.

9:42am EDT

Detroit carmakers report mixed U.S. sales results in March

DETROIT - U.S. consumer demand for new vehicles began to thaw in March, with Detroit automakers reporting mixed sales results on Wednesday.

10:20am EDT

Automakers profit from luxury models, North America, China -McKinsey

NEW YORK - The world's biggest automakers increasingly are making money by producing luxury models and reaping profits in China and North America, management consulting firm McKinsey & Co said in a report issued on Wednesday.

10:09am EDT

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