Nov 2nd, 2009 - Bloomberg
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Nov. 2 (Bloomberg) -- Manufacturing in the U.S. expanded inOctober at the fastest pace in more than three years, a signthat factories will be the main driver of the expansion incoming months.
The Institute for Supply Management’s factory index rose to55.7, the highest level since April 2006, from 52.6 inSeptember, according to the Tempe, Arizona-based group. Readingsabove 50 signal expansion.
Rising sales, boosted in part by the administration’s“cash-for-clunkers” plan, have led to a record plunge instockpiles that’ll keep assembly lines humming. While more than$2 trillion in global stimulus will also lift overseas demand,mounting joblessness signals consumer spending will be slow torecover, restraining the expansion.
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Nov. 3 (Bloomberg) -- Johnson & Johnson, the world’slargest health-products company, will fire more than 7,000workers as consumers cut spending on items ranging from drugs toskin care amid the global recession.
World markets fall as US recovery doubts linger
Nov 3rd, 2009 - Forbes
World stock markets were lower Tuesday despite improvement in U.S. manufacturing as doubts lingered about the durability of a rebound in the world's largest economy. Asian stocks, which tumbled the day before on a fall in U.S...
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Nov. 3 (Bloomberg) -- Metro AG, Germany’s largest retailer,rose in Frankfurt trading after reporting third-quarteroperating earnings that beat some analysts’ estimates and sayinga cost-cutting program has started to pay off.
Asia markets fall as US recovery doubts linger
Nov 3rd, 2009 - Forbes
Asian stock markets were mostly lower Tuesday despite improvement in U.S. manufacturing as doubts lingered about the durability of a rebound in the world's largest economy. The region's markets, which tumbled the day before on a fall in U.S...
Stocks Gain In Volatile Session
Nov 2nd, 2009 - Forbes
A volatile Monday session ended with stocks posting solid gains on positive earnings and economic data after retreating midday. Consumer spending, home sales and manufacturing activity showed unexpected strength...
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