In the $5 billion market for A.T.V.’s, the skyrocketing growth of Chinese imports is becoming the latest challenge for the Consumer Product Safety Commission, which is starting a global campaign to improve the safety of a product that kills more people — about 900 a year — than any of the 15,000 other products the commission regulates. The New York Times reports.
Chinese factory output growth leapt to a 19-month high in October, showing the world's third-largest economy has firmly put the worst of the global financial crisis behind it.
Industrial conglomerate Tyco International posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.
For President Barack Obama, the report that showed that the unemployment rate hit 10.2 percent last month gives opponents a chance to score some easy points.
New orders received by U.S. factories rose a stronger-than-expected 0.9 percent in September, while inventories continued to shrink, the Commerce Department said on Tuesday in a report suggesting manufacturing activity is feeding the economic recovery.
The latest reading on national factory activity from the Institute for Supply Management suggests U.S. gross domestic product is growing at an annualized rate of 4.5 percent in the fourth quarter.
China's manufacturing sector expanded at the fastest pace in 18 months in October as demand from both overseas and at home grew quickly, an industry survey showed on Monday, pointing to sustained strength for the sector.
Oil rose nearly 2 percent Tuesday after data showed U.S. factory orders in September expanded at a quicker pace than expected, signaling potential for more fuel demand in the world's biggest energy consumer.
China's vast manufacturing sector expanded in October at the fastest rate in 18 months, a survey showed, and economists said they expected the momentum to be sustained in the coming months
The U.S. dollar recovered Friday after steep losses in the previous session as stocks failed to build on big gains following Thursday's data showing the economy grew in the third quarter.
Sunday, 18 Oct 2009 | Source: The Associated Press
There are signs the nation's factories are stirring from one of the worst recessions in decades. If nothing else, hints of a rebound at big industrial firms will boost the stock market and lift people's 401ks.
A week's worth of economic reports has been crunched into just three days this week, and Wednesday has its share of significant data, which include jobless claims, durable goods and consumer sentiment.... Read More
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