The Ticker

Written By Unknown on Senin, 18 Maret 2013 | 00.52

Gas spikes prices

A spike in gas prices drove a measure of U.S. consumer costs up in February by the most in more than three years. But outside the gain in fuel costs, inflation was mostly modest.

The consumer price index increased a seasonally adjusted 0.7 percent last month from January, the Labor Department said. It was the biggest monthly rise since June 2009.

Still, three-fourths of the increase in the index reflected a 9.1 percent surge in gas prices. That was also the largest monthly gain since June 2009. Gas prices had fallen in the previous four months. Since last month's increase gas prices have started to decline again.

TOMORROW

  • The Boston Redevelopment Authority holds a community meeting for a convention center hotel project on D Street in South Boston.
  • Moscow government officials and KPMG host concluding presentations of their "Destination Moscow Roadshow 2013" at the InterContinental Hotel in Boston.

TUESDAY

  • The Commerce Department releases housing starts for February.
  • Federal Reserve policymakers meet to discuss interest rates.

WEDNESDAY

  • FedEx and Oracle report quarterly financial results. 
  • Fed Chairman Ben Bernanke holds a news conference on interest rates and an economic forecast.

THURSDAY

  • Massachusetts releases the unemployment report for February.
  • Royal Dutch Shell CEO Peter Voser addresses the Boston College Chief Executives Club of Boston during a luncheon at the Boston Harbor Hotel.
  • The National Association of Realtors releases existing home sales for February.
  • Nike reports quarterly financial results.

FRIDAY

  • Tiffany & Co. reports quarterly financial results.

THE SHUFFLE

  • Cape Cod Biofuels has hired Ed Miles, left, as vice president of business development. Miles previously served as director of sales for the eastern New England region at Baker Commodities, and vice president of sales and marketing for North Carolina-based EcoPlus.
  • RBS Citizens Financial Group Inc. has hired John Rosenfeld as executive vice president for everyday banking. Rosenfeld joins RBSCFG from TD Bank, where he had headed up retail deposit and payment products.

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