U.S. durable goods orders fell in September, confirming another weak quarter for business spending, but core capital goods showed some signs of a recovery. The Commerce Department said orders for items meant to last three years decreased $0.3bn, or 0.1 percent, to $227.3bn in September, following a 0.3 percent increase in August.
U.S. industrial production rose slightly in September, improving on August's decline but still showing the effects of low energy prices and the strong dollar. Output increased 0.1 percent in September after falling a downwardly revised 0.5 percent the previous month, according to the Federal Reserve. The gain was in line with economists' expectations, according to Reuters.
Prices paid by U.S. businesses for goods and services increased more than expected in September, economists said, amid other signs that inflationary pressures may be increasing. The Labor Department said its producer price index was up 0.3 percent on a seasonally adjusted basis compared with August. Economists surveyed by The Wall Street Journal had expected a 0.2 percent increase.
Target has surpassed perennial champion Walmart as the U.S.'s top corporate user of solar power, according to a new report. Target has installed 147 megawatts of solar capacity on 300 stores, according to the 2016 Solar Means Business Report from the Solar Energy Industries Association (SEIA).
Negotiators from more than 170 countries have reached a legally binding accord to counter climate change by cutting the worldwide use of a powerful planet-warming chemical used in air-conditioners and refrigerators.
Challenge: An innovative producer of vaccines including Pediatric, Specialty and Meningitis, was dealing with a complex multi-layered capacity constrained production plan with variable demand.
Bank stocks have been shaken after a steep drop in China's exports made investors worry again about the health of the world's second-largest economy. U.S. stocks gradually recovered most of their losses as safer investments such as utilities traded higher, the Associated Press reported.
China's September exports fell 10 percent from a year earlier, while imports shrank 1.9 percent after picking up in August, suggesting signs of steadying in the world's second-largest economy may be short-lived.
Results published by the Canadian General Freight Index (CGFI) indicate that the total cost of ground transportation for Canadian shippers increased by just 0.15 percent in July, as compared with June results.
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