Goodyear Acquires Cooper in All-American Tire Deal
Goodyear Tire & Rubber Co. is acquiring Cooper in a deal with an equity value of $2.8 billion that will combine the two century-old Ohio manufacturers.
Factories Grow at Slower Pace in January
SILVER SPRING, Md. — American factories grew in January, but at a slower pace than December.
Services Sector Expands for Fifth Straight Month
SILVER SPRING, Md. — The U.S. services sector, where most Americans work, registered its fifth consecutive month of expansion in October.
Trade Deficit Falls to $63.9 Billion in September
The U.S. trade deficit fell in September after hitting a 14-year high in August as exports outpaced imports.
Consumer Prices Rise 0.2% in September; Used Vehicles Spike
U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles.
Home Construction Jumps 17.3% in June
Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year after this spring’s massive slowdown in building activity due to the coronavirus outbreak.
Manufacturing Bounces Back in June on Reopenings
U.S. manufacturing rebounded in June as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic.
Bell Rings Again at New York Stock Exchange as Floor Reopens
The trading floor of the New York Stock Exchange reopened for the first time in two months with Gov. Andrew Cuomo ringing the iconic bell, but the controlled chaos was more subdued May 26 under new pandemic rules.
Factory Orders Fall 2%; Transportation Equipment Orders Dive 5.9%
WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods fell 2% in November, led by a large decrease in orders for defense aircraft and parts. Transportation equipment orders fell 5.9%, its biggest decline since May.
US Services Companies’ Growth Rebounds in October
WASHINGTON — Growth in the vast U.S. service sector rebounded in October after sinking to a three-year low in September, causing concern for investors and economists.