Capital Goods Industrial Traders and Distributors

  • WASHINGTON, Sept 27- New orders for key U.S.-made capital goods fell in August after four straight months of strong gains and the goods trade deficit widened sharply, prompting some economists to significantly lower their economic growth estimates for the third quarter. "Third-quarter GDP growth is less boomy, more noisy," said Michael Feroli, an economist at...

  • *Core capital goods orders fall 0.5 percent in August. WASHINGTON, Sept 27- New orders for key U.S.-made capital goods fell in August after four straight months of strong gains, while shipments barely rose, but that will probably not change expectations of solid growth in business spending on equipment in the third quarter. The Commerce Department said orders...

  • George Yeo, chairman of Kerry Logistics Network, says current US-China trade tensions are benefiting the company in the short-term due to the divergence of investments and trade. However, those gains are only temporary.

  • Aug 2- Drug wholesale distributor AmerisourceBergen Corp said on Thursday it had received a grand jury subpoena from federal prosecutors in Florida seeking documents related to opioid products and its communications with a drugmaker. AmerisourceBergen said in a filing with the U.S. Securities and Exchange Commission that it received the subpoena in May.

  • On the Shanghai Futures Exchange, aluminium rose 0.9 percent to 14,195 yuan per tonne, having fallen to 13,985 yuan on Tuesday, its weakest since April 2. *CHINA PROFITS: Profits at China's industrial companies in May rose 21.1 percent from a year earlier, nearly on pace with a 21.9 percent gain in April. *CHINA DATA: China's manufacturing sector showed slower growth...

  • June 14- Kentucky's attorney general on Thursday sued Walgreens Boots Alliance Inc, accusing the company of playing a dual role in propagating an opioid epidemic in the state as both a pharmacy chain and wholesale drug distributor. The lawsuit by Kentucky Attorney General Andy Beshear was his sixth to date seeking to hold corporations like drug...

  • Former Treasury Secretary Larry Summers: I’m appalled by Trump’s trade actions

    Former U.S. Treasury Secretary Larry Summers speaks with CNBC’s “Squawk Alley” on President Trump’s new tariffs.

  • Details on the US-China talks on trade are still sparse

    Joshua Meltzer of Brookings Institution says "no progress" is being made in addressing the fundamental structural issues which "underpin" the trade and economic issues between the U.S. and China.

  • Container ships are positioned under cranes at the Port of Oakland, California.

    Robotics, digitization and localization — perhaps more than tariffs — are the major game-changers for globalization, UBS' chief economist says.

  • Adam Posen, Senior Fellow at the Peterson Institute for International Economics.

    President Trump's announcement of a steep tariff on imported steel and aluminum has garnered widespread criticism, with U.S. trade partners already threatening retaliation.

  • Industrial production down 0.4% in August

    CNBC's Rick Santelli reports the latest industrial production data.

  • Two employees tie up steel bars at a steel-making plant in Ganyu, China.

    Profits earned by Chinese industrial companies fell 4.6 percent in October from a year earlier, data from the statistics bureau showed on Friday.

  • Tourists wear masks as a precaution against the MERS virus at the Incheon International Airport in South Korea.

    South Korea's industrial output declined sharply with production losses across key automobile, semiconductor and machinery sectors.