Chandigarh government offices to have jail-made furnitureSeptember 25th, 2009 CHANDIGARH - Government offices in Chandigarh will soon get new furniture - not from any ordinary furniture shop but from the model jail factory here. The Chandigarh administration Friday ordered all heads of department to purchase their furniture items in future from the jail factory to make optimum utilisation of the skills of prison inmates.
Summary Box: Improving economy lifts imports, exports and trade deficitSeptember 10th, 2009 Summary Box: Improving economy ups trade deficitWHAT HAPPENED?: The trade deficit rose to $32 billion in July, the highest in six months. Imports jumped 4.7 percent, the largest monthly increase on records dating from 1992.
Productivity rises at fastest pace in nearly 6 years, while labor costs plunge in springSeptember 2nd, 2009 Productivity up 6.6 percent in 2Q, most in 6 yearsWASHINGTON — Worker productivity, the single biggest factor determining living standards, grew at the fastest pace in nearly six years in the spring while labor costs fell by the most in nine years, as companies slashed costs to survive the recession. Increases in productivity can help boost living standards because companies can increase wages financed by rising output.
Stocks extend prior day's sell-off after factory orders report fails to ease concernsSeptember 2nd, 2009 Stocks slip as factory orders report disappointsNEW YORK — Stocks are moderately lower as orders to factories fall short of expectations. The Commerce Department reported Wednesday that factory orders rose 1.3 percent in July, less than the 2.2 percent increase analysts predicted, according to a survey by Thomson Reuters.
Productivity jumps in spring on cost cuts, but stronger consumer demand needed for recoverySeptember 2nd, 2009 Productivity gains in 2Q due mainly to cost cutsWASHINGTON — Companies managed to boost their workers' productivity and their own profits in the spring mainly by slashing costs and capping their employees' pay. That was clear from revised government figures released Wednesday that provided further evidence that a tentative economic recovery has begun, while also reinforcing nagging concerns.
Stocks edge lower, extending weakness, as market shrugs off better economic reportsSeptember 2nd, 2009 Stocks slip; Investors are cautious after tumbleNEW YORK — Stocks edged lower early Wednesday, a day after a big slide, as positive reports on factory orders and jobs did little to ease worries about the economy. A private sector report on unemployment failed to curb unease about job losses, one of the biggest problems facing the economy.
New orders for US factory goods rise less than expected in July due to lower oil pricesSeptember 2nd, 2009 Factory orders rise less than expected in JulyWASHINGTON — Orders to U.S. factories rose less than expected in July as reduced demand for petroleum products offset a jump in orders for aircraft and other transportation goods.
Data due out Thursday expected to show rise in July durable goods orders, productivitySeptember 1st, 2009 Productivity, factory orders seen on the riseNEW YORK — New signs of economic recovery keep emerging, but with the American consumer still hamstrung by flat wages and job losses, it's unclear those signs will last. Reports Tuesday showed the U.S.
Summary Box: Plunge in GDP slows in spring while jobless claims dip slightly last weekAugust 27th, 2009 Summary Box: Economists encouraged by GDP activityECONOMY SHRINKS: The gross domestic product, the total output of goods and services, dropped at an annual rate of 1 percent in the April-June quarter. The number of newly laid-off workers filing for unemployment benefits dropped slightly to 570,000 last week.
German industrial orders up 4.5 percent on month in June, 2nd straight strong riseAugust 6th, 2009 German industrial orders rise againBERLIN — German industrial orders saw their second consecutive strong month-on-month rise in June, a 4.5 percent climb that was led by demand from other European countries, official figures showed Thursday. The increase followed rises of 4.4 percent in May and 0.1 percent in April.
Factory orders rise unexpectedly in June due to higher prices for petroleum productsAugust 5th, 2009 Factory orders rise unexpectedly in JuneWASHINGTON — Factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign that the ailing manufacturing sector is recovering. The Commerce Department says factory orders rose 0.4 percent, after a 1.1 percent increase in May.
Factory orders rose unexpectedly in June, driven by higher prices for petroleum productsAugust 5th, 2009 Factory orders unexpectedly increase in JuneWASHINGTON — Factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign of recovery in the ailing manufacturing sector. The Commerce Department said Wednesday that factory orders rose 0.4 percent, after a 1.1 percent increase in May.
Stocks turn lower, breaking a 4-day advance, despite better indicator on factory ordersJune 3rd, 2009 Better data on factory orders fails to lift stocksNEW YORK — Investors are sending stocks lower, finding little comfort in data showing an ease of the economy's slide. The slide early Wednesday broke a four-day advance in the market, and many analysts said a pullback was due after the strong rise since last week.
Factory orders up for second time in 3 months in April; hopeful sign for manufacturing sectorJune 3rd, 2009 Factory orders rise for second time in 3 monthsWASHINGTON — Orders to U.S. factories rose 0.7 percent in April, the second increase in three months and further evidence that manufacturers may be recovering.
Productivity rebounds in first quarter while wage pressures ease as recession deepensMay 8th, 2009 Productivity rebounds while wage pressures easeWASHINGTON — The government says productivity rebounded in the first three months of this year while wage pressures eased, both outcomes reflecting the country's deep recession. The Labor Department said Thursday that productivity, the key ingredient to rising living standards, grew at a 0.8 percent annual rate in the January-March quarter, slightly better than the 0.6 percent increase that economists had expected.
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