May 18, 2013

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Factory Orders Drop 0.9 Percent In March

The government says orders to U.S. factories fell a larger-than-expected 0.9% in March, while factory shipments dropped for a record eighth consecutive month. The report was further evidence of the severity of the recession.

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WaMu Sues JPmorgan Chase

Lawyers for Washington Mutual Inc. have filed a bankruptcy court complaint against JPMorgan Chase & Co. over some $4 billion in disputed assets.

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Agreement Reached on Budget Endorsing Obama Goals

A top senator says Barack Obama's Democratic allies in Congress have sealed agreement on a budget outline for next year that endorses the president's goals of expanded health care and more money for education and clean energy.

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UAW Leaders Recommend Approval of Chrysler Deal

United Auto Workers President Ron Gettelfinger says the union's factory-level leaders voted unanimously Monday night to recommend that members approve concessions designed to keep Chrysler LLC out of bankruptcy.

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Stocks Mixed At Midday

The swine flu prompted investors to take stocks lower in the early going, but the market has remained resilient after General Motors announced a restructuring plan.

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March Home Sales Down 0.6 Percent

The government says new U.S. home sales dipped slightly last month, but still beat expectations as builders start to see long-awaited encouraging signs about the housing market.

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