Volkswagen AG, seeking to expand U.S. sales, plans to decide in the fourth quarter whether to build a sport-utility vehicle at its Chattanooga, Tennessee, factory, the plant’s chief executive officer said.
U.S. retailers added 46,800 workers in July, the most in eight months, as consumers become more comfortable spending money, marking a bright spot in a jobs report that indicated uneven progress in the labor market.
Federal Reserve Bank of St. Louis President James Bullard, who backed this week’s Fed decision to continue bond buying, said the Fed should wait for evidence the labor market and economy are strengthening before tapering purchases.
A month after voting for an immigration bill that many House Republicans see as political poison, three Senate Republicans are heading into 2014 re- election campaigns with few signs of damage -- so far.
Ernest Freeberg, professor of humanities at the University of Tennessee, discusses his new book, "The Age of Edison: Electric Light and the Invention of Modern America", and Thomas Edison's role in the creation of the electric light bulb. Freeberg talks with Bloomberg's Kathleen Hays and Vonnie Quinn on Bloomberg Radio's "The Hays Advantage."
The U.S. Congress gave final approval yesterday to a bill that pegs interest on government-sponsored student borrowing to a market-based rate, ensuring that almost 9 million undergraduates will pay 3.86 percent on their next loan.