manufacturing

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Dow Up 57 on Housing Data
 Dow Up 57 on Housing Data 
MARKETS
Jul 1, 2009 3:14 PM CDT

Dow Up 57 on Housing Data

(Newser) - Markets were up today on a surging food sector and good data from the manufacturing and housing industries, the Wall Street Journal reports. A key manufacturing activity index jumped from May to June, and an indicator of pending home sales also climbed for the fourth straight month. Amid the gains,...

US Oil Surplus Puts Dow Off 65
 US Oil Surplus Puts Dow Off 65  
MARKETS
Jun 3, 2009 3:12 PM CDT

US Oil Surplus Puts Dow Off 65

(Newser) - Reports of greater-than-expected US oil reserves sent crude prices and markets tumbling today, the Wall Street Journal notes. The manufacturing sector fell, and the Dow’s energy component was off 4.1%. “People are looking at the inventory report today as a really good chance to take some money...

Dow Jumps 221 on GM Filing
 Dow Jumps 221 on GM Filing 
MARKETS
Jun 1, 2009 3:12 PM CDT

Dow Jumps 221 on GM Filing

(Newser) - Stocks surged today on positive data about personal income, manufacturing, and the long-awaited announcement of General Motors’ bankruptcy. “There is a positive, relief reaction to this filing,” one analyst told the Wall Street Journal. “It’s been hanging over all of our heads.” Energy and construction...

May Starts Slowly; Dow Up 41
 May Starts Slowly; Dow Up 41 
MARKETS
May 1, 2009 3:27 PM CDT

May Starts Slowly; Dow Up 41

April employment report is next key metric for investors

(Newser) - Stocks closed moderately higher today after a seesaw session with light trading volume, the Wall Street Journal reports. After a strong April, investors are trying to predict how a recovery—or the lack of one—will play out, and are anticipating ADP’s April employment report, due next week. Manufacturing...

GM to Shut Most Factories for 9 Weeks

(Newser) - General Motors plans to shut most of its US factories for 9 weeks this summer, the AP reports. The shutdown will include the normal 2-week stoppage in July to gear up for new models, two sources said, blaming the move on slumping sales and rising inventories. GM, which has received...

Men Hit With 80% of US Layoffs
 Men Hit With 80% of US Layoffs 
Apr 20, 2009 10:33 AM CDT

Men Hit With 80% of US Layoffs

The gap between male and female unemployment is the widest on record

(Newser) - Of the 5.1 million US jobs that have evaporated since the recession began, men have lost nearly 80% of them, the Financial Times reports, resulting in the widest gap between unemployment rates for men and women since recordkeeping began a half-century ago. Layoffs have nudged the male unemployment rate...

Layoffs Will Trigger Layoffs: Economists

(Newser) - Unemployment has hit a 25-year high, but analysts say it will worsen as job cuts force consumers to cut back, triggering yet more payroll reductions, Bloomberg reports. Manufacturers, service providers, and even the US Postal Service are planning to lay off workers in the face of declining consumer demand. “...

Dow Up 216, Flirts With 8,000
 Dow Up 216, Flirts With 8,000 
MARKETS
Apr 2, 2009 3:14 PM CDT

Dow Up 216, Flirts With 8,000

Financial sector celebrates relaxation of mark-to-market accounting rules

(Newser) - Stocks rallied today to a strong finish as global action to combat the financial crisis boosted confidence, the Wall Street Journal reports. The European Central Bank cut interest rates, and G20 tripled the lending budget of the International Monetary Fund to $750 billion. After going above 8,000, the Dow...

Dow Up 153 in Strong Q2 Start
 Dow Up 153 in Strong Q2 Start 
MARKETS
Apr 1, 2009 3:27 PM CDT

Dow Up 153 in Strong Q2 Start

Improved manufacturing report lifts indices

(Newser) - Stocks kicked the second quarter off strong today as good manufacturing news lifted confidence, the Wall Street Journal reports. Stocks initially fell after a worse-than-expected jobs report, but rose after an index had March manufacturing as better than February’s, though still signaling contraction. The Dow rose 152.68 to...

US Condom Maker in Peril as Feds Buy Chinese

(Newser) - The sole supplier of condoms to Washington's overseas AIDS campaign is likely going out of business thanks to Asian competition, the Kansas City Star reports. The feds are close to signing contracts with companies in South Korea and China, which charge 2 cents per condom; Alabama-based Alatech charges five. Three...

Tax Hike Raises Ire of Small Manufacturers

Obama plan hits hard, business owners who reinvest profits say

(Newser) - Small-business owners aren’t big fans of President Obama’s plan to let the Bush tax cuts expire in 2011, and they’re making themselves heard on Capitol Hill, Politico reports. Many small businesses file taxes as individuals, and they fall well beyond the $250,000 income threshold. The White...

Stocks Bounce, Dow Up 150
 Stocks Bounce, Dow Up 150 
MARKETS
Mar 4, 2009 3:15 PM CST

Stocks Bounce, Dow Up 150

Optimism on Chinese stimulus felt around the world

(Newser) - Stocks made gains today as a rally in China’s Shanghai Composite lifted several sectors, the Wall Street Journal reports. Optimism over further stimulus efforts by Beijing lifted shares of firms in manufacturing, mining, and technology stocks around the world on hope of increased Chinese demand. The Dow Jones rose...

Stocks Mixed, Dow Down 64
 Stocks Mixed, Dow Down 64 
MARKETS
Feb 2, 2009 3:06 PM CST

Stocks Mixed, Dow Down 64

Banks, manufacturing weigh on blue-chip index

(Newser) - Stocks ended mixed today amid a slew of reports of declining earnings and slashed forecasts, the Wall Street Journal reports. Bank shares and manufacturers like Boeing, 3M, and GM led the Dow’s decliners, pushing the index down 64.11 to close at 7,936.75. Tech stocks saw modest...

Male-Dominated Industries Bear Brunt of Job Losses

Construction, manufacturing cuts disproportionately hit men

(Newser) - The gap between men's and women’s unemployment is at a 25-year high because job cuts have hit especially hard in male-dominated industries like construction and manufacturing, reports Reuters. Some 80% of the nearly 3 million workers who lost jobs between November 2007 and November 2008 were men. Women hold...

Crime-Plagued Mexico Pushes Toy Gun Ban

Politicians take aim at plastic weapons in war on violence

(Newser) - A bill proposed in Mexico takes aim at the production, sale and use of toy guns to reduce aggression among kids inundated by news of burgeoning drug-violence, the Guardian reports. Despite an earlier ban on realistic replicas, plastic weapons are still easy to find on the streets and used in...

Dow Rises 62 Despite Data
 Dow Rises 62 Despite Data  
MARKETS
Jan 6, 2009 3:27 PM CST

Dow Rises 62 Despite Data

Oil futures end a four-day rally

(Newser) - Stocks failed to hold on to session highs but made gains today amid a series of dismal, if not unexpected, economic reports. Oil futures ended a four-day rally, falling $0.23 to $48.59 a barrel after briefly topping $50, Marketwatch reports. The Dow added 62.21 points to close...

Toyota Delays US Prius Factory
 Toyota Delays US Prius Factory 

Dec 16, 2008 8:02 AM CST

Toyota Delays US Prius Factory

A planned Mississippi plant is on hold as market for autos weakens

(Newser) - It’s not just the Big Three. Toyota has delayed indefinitely the opening of a Prius factory near Tupelo, Miss., the Wall Street Journal reports, in the wake of plummeting demand. The factory was originally intended to build the Highlander sport-utility vehicle; when gas prices hit a high last spring,...

Financials Push Dow Off 65
 Financials Push Dow Off 65 
MARKETS
Dec 15, 2008 3:24 PM CST

Financials Push Dow Off 65

US industrial output falls for November

(Newser) - Stocks lost value today as investors await tomorrow’s meeting of the Federal Reserve’s interest-rate committee, and digested various bits of bad news on financial firms and manufacturing, MarketWatch reports. The Dow fell 65.15 to 8,564.53. The Nasdaq lost 32.38, closing at 1,508.34,...

Dow Off 223 on Japan, Retail Woes
 Dow Off 223 on Japan, 
 Retail Woes 
MARKETS
Nov 17, 2008 3:15 PM CST

Dow Off 223 on Japan, Retail Woes

Manufacturing rises, but it's likely a mirage

(Newser) - Stocks seesawed to losses today as investors absorbed bad retailer reports and news that Japan’s economy had entered a recession, MarketWatch reports. The Dow fell 223.73 to close at 8,273.58. The Nasdaq lost 34.80, closing at 1,482.05, while the S&P 500 shed...

Amid Crisis, China Faces Its Own Slowdown

Decline in exports poses huge challenge to Communist Party

(Newser) - For three decades now, China has established itself as a global economic powerhouse by providing cheap exports to the rest of the world. But as demand for Chinese goods slumps in a global recession, the ruling Communist Party, which owes its popularity to expanding prosperity, faces new tests: slowing growth,...

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