U.S. factory orders fall 5.6% in January
WASHINGTON – New orders for manufactured goods fell 5.6 percent in January to $383.1 billion, after rising 2.6 percent in December, the U.S. Census...
Competitor acquiring Mattress Discounters
HOUSTON – Mattress Firm has signed a letter of intent to acquire Mattress Discounters Corp., a mattress maker and retailer with more than...
Paulson: Bad mortgage debt will be limited
TOKYO – Treasury Secretary Henry Paulson, on the first Japan trip since he took office, told reporters the U.S. financial sector is healthy and...
Greenspan sees ‘one-third’ chance of recession
WASHINGTON – The U.S. has a “one-third probability” of entering a recession this year, former Federal Reserve Chairman Alan Greenspan, 81, said in an...
BLS halves its estimate of 4Q gain<br> in U.S. productivity
WASHINGTON – The nation’s productivity in the last quarter was lower than previously thought, and labor costs were higher, The U.S. Labor Department’s Bureau...
Martin Cheese Co. in soft-cheese recall
WESTPORT – The Mass. Department of Public Health has announced a recall of certain soft cheeses, known as Portuguese Cheese, made by the Martin...
A.T. Cross in $15.7M sale/lease-back
LINCOLN – A.T. Cross Co. (AMEX: ATX) this morning announced it has completed the sale and lease-back of its global headquarters and manufacturing facility...
AAA: R.I. gas prices surge 17¢ to $2.499
PROVIDENCE – Gasoline prices in Rhode Island have surged 17 cents in the past week and 32 cents in the past three weeks, according...
Service industries slow in February, ISM finds
TEMPE, Ariz. – The Institute for Supply Management today said its index of non-manufacturing business fell to 54.3 in February from its January reading...
Central banks appear unlikely to cut rates
The selloff that has roiled the world’s markets for the past week has some investors hoping the central banks will react by loosening interest...
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