Union Pacific Corp.’s first-quarter profit beat analysts’ estimates as a strong harvest and a U.S. factory rebound boosted rail traffic amid harsh winter weather.
West Texas Intermediate crude rose to a six-week high as a report showed fewer Americans than forecast filed applications for unemployment benefits.
The following is the summary text of the Federal Reserve Board’s Summary of Commentary.
The Federal Reserve said the U.S. economy continued to expand in most regions as businesses benefited from a bounce back from harsh winter weather earlier in the year.
Federal Reserve Bank of Dallas President Richard Fisher, who votes on monetary policy this year, said the U.S. labor market has been hindered by a lack of trained workers and not enough employees in Texas where demand has been strong.
To hire 10 to 15 project coordinators this year, Sabre Commercial Inc. has boosted pay 10 percent and added a 401(k) retirement plan.
Following is a summary of U.S. economic conditions as reported by the 12 Federal Reserve district banks in the central bank’s latest regional survey, also known as the Beige Book.
Wheat futures rose, capping the biggest two-day gain in 21 months, after freezing weather damaged winter crops in the U.S. Great Plains.
Vice President Joe Biden told hundreds gathered for the one-year anniversary tribute to victims of the Boston Marathon bombings that America would not yield to the fear created by terrorists.
Bears who abandoned bets against technology companies from Facebook Inc. to Netflix Inc. in 2013 can only sit and watch now as the stocks tumble.
"Bean prices at these levels are too low because they're encouraging more demand."
- Kansas City on Oct 16, 2012
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