The gap was still higher than the $44 billion deficit economists had expected.
The deficit for January was revised up to $47.0 billion from $46.3 billion.
February exports were down $2.4 billion from the month prior, while February imports were down $3.6 billion.
Trade volumes are likely to be reduced further in March and April due to the parts shortages stemming from the earthquake and tsunami in Japan, as well as lower imports and
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The trade deficit fell 2.6% in February to $45.8 billion, the Department of Commerce reported Tuesday, due in large part to a 4.4% drop in oil imports.
Some Japanese air- and seaports are still closed due to damage from the earthquake and tsunami, which is constricting the company's supply chain to North America.
The temporary job suspensions would affect about 1,100 of the factory's employees.
A Honda Motor Co (NYSE:HMC) factory in El Salto, Mexico may suspend half of its workforce as inventories run dry, local newspaper Reforma reported, citing a company spokesman.
The rise far out-stripped expectations for a January trade deficit of $41.5 billion. The increase was due to increased imports of petroleum products, automotive vehicles and parts, consumer goods, and capital goods, which reached
The U.S. trade deficit widened an unexpectedly large 15.1% in January, to $46.3 billion from a revised $40.3 billion in December, according to the Commerce Department's monthly statement on the U.S.'s trade balance.
Monday, February 14th kicks off earnings reports from MGM Resorts (MGM) before the opening bell and Agilent Technologies (A), Marriott (MAR), and FMC Technologies (FTI) after market close. No major economic reports are scheduled f
On Tuesday, February 15th, you can expect Sirius XM Radio's (SIRI) earnings report early on the morning. Rovi Corp (ROVI), Tesla Motors (TSLA), Allscripts Healthcare (MDRX), and Dell (DELL) will be reporting their earnings in the
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...