SAN FRANCISCO, CA - MAY 13: A customer shops for shoes at a Skechers store on May 13, 2013 in San Francisco, California. According to a Commerce Department report, falling gas prices help boost retail and food service sales 0.1 percent in April one month after March sales fell 0.5 percent.
Retail is tied to the consumer, and the choppiness you’ve seen in some of the Commerce Department’s retail sales numbers, the issues around the payroll tax, those are clearly headwinds ... It’ll take some time to adapt to that.
Chairman Rockefeller believes Ms. Pritzker is a highly qualified candidate with decades of experience in a broad range of business and civic organizations ... He looks forward to discussing the challenges facing the Commerce Department with Ms. Pritzker at [Thursday's] nominations hearing and fully expects her to be voted out of Committee and receive full Senate confirmation.
The Treasury Department is searching for a new No. 2, the Department of Homeland Security is missing its top two cybersecurity officials and about 30 percent of the top jobs at the Commerce Department are still vacant.More quotes »
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ORDERS for long-lasting US manufactured goods rose more than expected in April, a hopeful sign that a contraction in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3pc last month 9:32 AM from Irish Independent Read more »
Fresh orders for factories rise
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US durable goods orders rise 3.3 percent in April
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Obama Commerce Nominee Penny Pritzker’s Tax Problem
Obama's nominee to be the next head of the Commerce Department, Penny Pritzker, faced her Senate confirmation hearing on Thursday. Surprisingly, the members of the Senate Commerce Committee did not grill her on an area that seems ideal for criticism: her 7:46 AM from U.S. News & World Report Read more »