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Auto sales grow 11% in July, Chrysler sales surge 20%

Auto sales grow 11% in July, Chrysler sales surge 20%

DETROIT, Aug. 1 (UPI) --Auto sales in July surged on account of attractive discounts offered by car makers, marking a comeback for the industry dealing with safety-related recalls.
Ananth Baliga
GM profits down 80 percent, due to recall costs

GM profits down 80 percent, due to recall costs

DETROIT, July 24 (UPI) --General Motors' profits were down 80 percent on account of expenses related to vehicle recalls and money set aside for compensation to victims' families.
Ananth Baliga
U.S. jobless claims drop further, reach eight-year low

U.S. jobless claims drop further, reach eight-year low

WASHINGTON, July 24 (UPI) --The number of Americans filing for unemployment benefits fell sharply, reaching an eight-year low, as the labor market bounces back to pre-recession levels.
Ananth Baliga
U.S. Economy Poised for Stronger Growth

U.S. Economy Poised for Stronger Growth

GDP growth should average about 3 percent through the end of 2015. Change in U.S. trade and energy policy could boost growth to levels seen in the Reagan years.
Peter Morici
May retail sales miss expectations, signal slow recovery

May retail sales miss expectations, signal slow recovery

WASHINGTON, June 12 (UPI) --Retail sales in the U.S. grew modestly in May, falling below analysts' expectations and signaling a slow recovery in the economy.
Ananth Baliga
Retail sales increase 1.1 percent in March for biggest surge since 2012

Retail sales increase 1.1 percent in March for biggest surge since 2012

WASHINGTON, April 14 (UPI) -- Americans upped their spending in March, as retail sales for the month increased by 1.1 percent, helping the economy recover from a dull start to the year.
Ananth Baliga

Retail in Canada slumped in December

OTTAWA, Feb. 21 (UPI) -- Retail sales receipts in Canada slipped in December, dropping 1.8 percent to $40.2 billion, Statistics Canada reported Friday.

Toyota Prius most popular car sold in California in 2013

LOS ANGELES, Feb. 15 (UPI) -- Sales figures show the Ford F-Series pickup truck remained the best-selling vehicle in the United States, but California was more partial to the Prius in 2013.

Retail in December slightly higher than expected

WASHINGTON, Jan. 14 (UPI) -- Retail and food-service sales rose one tick higher than expected in December, pushing the annual gain to 4.2 percent, the U.S. Census Bureau said Tuesday.
Auto sales slow in December of a very good year

Auto sales slow in December of a very good year

DETROIT, Jan. 3 (UPI) -- Growth in U.S. auto sales slowed in December, automakers said, with General Motors reporting a drop in sales compared to the same month a year earlier.

U.S. economy adds 203,000 jobs

COLLEGE PARK, Md., Dec. 6 (UPI) -- The U.S. Labor Department reported the U.S. economy added 203,000 jobs in November, in line with the progress of recent months.
PETER MORICI, UPI Outside View Commentator

Obamacare, slow growth drive shift to part-time workers

COLLEGE PARK, Md., Dec. 5 (UPI) -- Absent smarter energy, trade and regulatory policies, slow growth and high unemployment are becoming permanent for the U.S. economy,
PETER MORICI, UPI Outside View Commentator
Auto industry rebounds; Government backs out of GM

Auto industry rebounds; Government backs out of GM

Nov. 21 (UPI) -- The U.S. government will fully exit its TARP investment in GM by the end of the year, highlighting a rebound in the auto industry, and GM shares are standing a little stronger.
Sonali Basak

Non-plus growth clouds U.S. jobs outlook

COLLEGE PARK, Md., Nov. 7 (UPI) -- The U.S. Labor Department is expected to report Friday the U.S. economy added 120,000 jobs in October, less than the 148,000 recorded in September.
PETER MORICI, UPI Outside View Commentator
Federal shutdown stalled auto safety regulators

Federal shutdown stalled auto safety regulators

One of the federal agencies affected during Congress's fight over a stopgap government funding bill is the National Highway Traffic Safety Administration.
AL SWANSON, UPI Auto Writer
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