Archive for September 29th, 2009

Japan August industrial production up 1.8 percent (AP)

Japan’s government says industrial production in August rose 1.8 percent from the previous month. The figure marks the sixth straight monthly gain and “continues to show an upward movement,” according to the Ministry of Economy, Trade and Industry.

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COADE and ASD to Integrate CAESAR II for Pipe Stress Analysis and ASD Pipe Support Optimizer (Business Wire)

HOUSTON—-COADE, Inc. and ASD Global announced today a collaborative initiative to provide an integrated approach to pipe support placement by allowing COADE CAESAR II and ASD Pipe Support Optimizer to work together.

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Fed’s Plosser: Policy shift may need to be aggressive (Reuters)

The Federal Reserve will have to act quickly, and “perhaps aggressively” when the time comes to pull back its extraordinary support for markets in order to avoid stoking inflation, the president of the Federal Reserve Bank of Philadelphia said on Tuesday.

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Officials: Fed will need to boost rates quickly (AP)

To prevent inflation from taking off, the Federal Reserve will need to start boosting interest rates quickly and aggressively once the economy is back on firmer footing, Fed officials warned Tuesday.

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U.S. consumer woes overshadow housing cheer (Reuters)

U.S. house prices rose for a third month in July, but consumer confidence fell unexpectedly in September as the worst job market in 26 years fueled worries about personal finances, private reports showed on Tuesday.

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More Women Consider Direct Selling In a Tough Economy, Should You? (Business Wire)

WESTLAKE VILLAGE, Calif.—-Direct selling seems to be an answer for women when financial times are tough. More than 15.2 million people, mainly women, are involved in direct selling in the United States.

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L-3 Communications to issue $1 billion in notes (AP)

L-3 Communications Holdings Inc. said Tuesday it subsidiary L-3 Communications Corp. is going to issue $1 billion in 5.2 percent senior notes.

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McCain tries to kill additional C-17 cargo jets (AP)

While ceding some ground to President Obama on high-profile weapons cuts, lawmakers are cutting money for training and spare parts to pay for other weapons Obama doesn’t want and their own pet projects.

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Drop in consumer confidence weighs on stocks (AP)

A surprise drop in consumer confidence tripped up investors Tuesday, a day after a round of corporate takeovers set off a steep market rally.

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Treasury prices mostly fall on mixed economic data (AP)

Treasury prices mostly fell Tuesday following mixed data on consumer confidence and housing, two areas that are central to a recovery in the economy.

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