Latest news on ‘Manufacturing’
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Orders for Durable Goods in U.S. Unexpectedly Fall
By Courtney Schlisserman (Bloomberg) – Orders for goods meant to last several years unexpectedly fell in October, restrained by a drop in demand for defense equipment and a reminder the [...]
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Caterpillar Beating Komatsu as Dow Soars on Dollar
(Bloomberg) – For the first time since the equity rally began in March, the biggest U.S. stocks are beating the smallest as the dollar’s descent sends investors to companies with [...]
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Philadelphia Area Manufacturing Grows at Faster Pace
(Bloomberg) – Manufacturing in the Philadelphia region expanded in November at the fastest pace in more than two years, reflecting gains in orders and sales.
The Federal Reserve Bank of Philadelphia’s [...] -
Stockpiles at U.S. Companies Fall to Lowest Level in Four Years
By Bob Willis
(Bloomberg) – Inventories at U.S. businesses fell in September to the lowest level in almost four years, signaling orders will rise in coming months as spending picks up.
The [...] -
GE sells security arm to United Tech for $1.82B
By Scott Malone
BOSTON (Reuters) – General Electric Co (GE.N) will sell its security business to United Technologies Corp (UTX.N) for $1.82 billion, a deal that marks a step in the [...] -
Northrop Grumman Says TASC Sale Neutral To 2010 Earnings
By Ann Keeton
CHICAGO (Dow Jones) – Northrop Grumman Corp. (NOC) said the $1.65 billion sale of its advisory services business will be neutral to earnings in 2010.
The Los Angeles defense [...] -
Rising factory orders bolster recovery prospects
WASHINGTON (Reuters) – U.S. factory orders rose a stronger-than-expected 0.9 percent in September and inventories continued to shrink, bolstering the prospects for a sustained economic recovery.
It was the fifth month [...] -
Stanley Works buying Black & Decker in $4.5 billion deal
By Shawn Langlois, MarketWatch
SAN FRANCISCO (MarketWatch) – Stanley Works announced Monday a $4.5 billion all-stock deal to acquire Black & Decker Corp., in a bid to create a more powerful [...] -
Manufacturing, pending home sales fuel recovery hopes
By Lucia Mutikani
WASHINGTON (Reuters) – U.S. manufacturing activity rose to its highest level in 3-1/2 years last month and pending home sales contracts unexpectedly surged in September, offering hope the [...] -
Wells Fargo Securities says new orders slowing
Tom Stundza
Orders for durable goods at U.S. manufacturers regained some lost ground in September after sliding in August, but Wells Fargo Securities suggests new orders in the pipeline are slowing.
Orders [...]
