ACT News Updates

Business

Factory Orders Rise for First Time in Three Months

Factory orders rose 0.7% in May, the first gain in three months, the Commerce Department said Tuesday.

July 3, 2012
Business, Government

New York Manufacturing Index Falls

Manufacturing activity in the New York region expanded in June at the slowest rate in seven months, the Federal Reserve Bank of New York said Friday.

June 15, 2012
Business

Volkswagen Considers Buying Stake in Navistar

Volkswagen is in the “early stages†of considering whether to purchase a stake in Navistar, the maker of International brand trucks, Reuters reported Monday.

June 11, 2012
Business

Navistar Loses $172 Million in 2Q, Citing Engine Certification ‘Distraction’

Navistar International Corp. last week reported a $172 million loss in its second quarter, partly triggered by what its top executive said was “a lot of noise and speculation†about Environmental Protection Agency approval of its 13-liter engine, and reshuffled top management in a bid to restore profitability.

June 11, 2012
Business

ISM Services Index Improves

An index of the U.S. economy’s service sector improved in May, the Institute for Supply Management said Tuesday.

June 5, 2012
Business

Factory Orders Drop 0.6% in Second Straight Decline

Factory orders fell 0.6% in April, the second straight monthly decline, the Commerce Department said Monday.

June 4, 2012
Business

ISM Manufacturing Index Slips in May

U.S. manufacturing activity slowed in May but showed continued expansion, the Institute for Supply Management said Friday.

June 1, 2012
Business

Delphi Seeking to Buy FCI Division

Vehicle components maker Delphi Automotive said it has entered “exclusive negotiations†to purchase FCI Group’s Motorized Vehicles Division for 765 million euro (about $972 million).

May 25, 2012
Business

Industrial Production Rises More Than Forecast

Industrial production rose 1.1% in April, led by automobile manufacturing and utility output, the Federal Reserve said Wednesday.

May 16, 2012
Business

Wabash Buys Bulk-Trailer Maker Walker Group

Trailer manufacturer Wabash National Corp. said it has completed its previously announced acquisition of Walker Group Holdings.

May 9, 2012