US factory orders drop 07 per cent in October with key business

US factory orders drop 0.7 per cent in October with key business investment category down In this Nov. 11, 2014 photo, Agil Alhaddi stacks roof rails for the 2015 Ford F-150 at the Dearborn Truck Plant in Dearborn, Mich. The Commerce Department releases factory orders for October on Friday, Dec. 5, 2014. (AP Photo/Paul Sancya) AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email WASHINGTON – Orders to U.S. factories slipped for a third straight month in October and would have fallen even more except for a big jump in defence orders. A key category that tracks business investment spending fell for a second straight month.Factory orders fell 0.7 per cent in October following declines of 0.5 per cent in September and 10 per cent in August, the Commerce Department reported Friday.Demand for machinery, computers and primary metals were all down. An important category that is viewed as a proxy for business investment plans fell 1.6 per cent following a 1.1 per cent decline in September.The overall decline would have been larger except for a surge in military orders, which jumped 21.2 per cent in October, reflecting strong demand for military aircraft. Economists expect the recent weakness will be temporary.Orders for durable goods, items expected to last at least three years, edged up a slight 0.3 per cent following two months of declines but excluding defence, orders would have fallen 0.7 per cent. Orders for nondurable goods such as chemicals and paper, fell 1.5 per cent in October after a 0.2 per cent drop in September. Some of that decline reflects falling energy prices.Orders for transportation equipment rose 3.4 per cent in October, helped by a small 0.6 per cent gain in demand for motor vehicles and a 45.3 per cent surge in orders for military airplanes. Orders for commercial aircraft edged down 0.1 per cent in October.Demand for machinery dropped 1.4 per cent, orders for computers were down 12.7 per cent and orders for primary metals such as steel fell 2.4 per cent.Economists say these declines will be temporary. They note that spending by businesses on new equipment grew at a solid annual rate of 10.7 per cent in the third quarter and they expect further gains in coming months as businesses ramp up spending to expand and modernize their operations.The Institute for Supply Management, a trade group of purchasing managers, reported Monday that its closely watched gauge of manufacturing activity slipped a modest amount in November to a reading of 58.7, down from 59 in October, which matched a three-year high reached in August. Any reading above 50 signals expansion.Manufacturing has been a key driver of U.S. growth this year even as it has fallen off overseas in such key economies as China and Europe. by Martin Crutsinger, The Associated Press Posted Dec 5, 2014 8:05 am MDT read more

NBC sees winning streak snapped at 21 nights

NBC sees winning streak snapped at 21 nights NEW YORK, N.Y. – NBC, which is increasingly owning the summer months, reached an historic 21 nights in a row as the nation’s most popular television network before having its winning streak snapped.It was the longest string of consecutive victories among television viewers since the Nielsen company began keeping more precise records in 1987. The dominance of the Summer Olympics in Rio de Janeiro was the chief reason why, but NBC kept it going until last Friday when CBS won with an NFL exhibition game between Cleveland and Tampa Bay.NBC has won among all viewers for the past nine weeks in a row, its longest period of dominance since 1997, Nielsen said.Behind the success of “America’s Got Talent” and “American Ninja Warrior,” NBC has increasingly done well during the summer months on broadcast television, and the Olympics emphasize that trend. It’s not nearly as important as winning the traditional television season from September to May, however, which CBS has dominated for several years.The two editions of “America’s Got Talent” were easily the most-watched programs on TV last week.NBC’s corporate sister, the news network MSNBC, learned Tuesday that it will beat rival CNN in prime-time weeknight ratings in August for the first time in two years. CNN notes that it will still win among the younger demographic that advertisers seek. Fox News Channel beats both networks in the ratings.NBC averaged 5.7 million viewers last week in prime time. CBS had 4.6 million, ABC had 3.6 million, Fox had 2.5 million, Univision had 1.6 million, Telemundo had 1.4 million, ION Television had 1.3 million and the CW had 1 million.Fox News was the week’s most popular cable network, averaging 2.1 million viewers in prime time. HGTV had 1.67 million, USA had 1.57 million, TNT had 1.47 million and TBS had 1.34 million.NBC’s “Nightly News” topped the evening newscasts with an average of 7.8 million viewers. ABC’s “World News Tonight” was second with 7.7 million and the “CBS Evening News” had 6.4 million viewers.For the week of Aug. 22-28, the top 10 shows, their networks and viewerships: “America’s Got Talent” (Tuesday), NBC, 11.26 million; “America’s Got Talent” (Wednesday), NBC, 10.56 million; “60 Minutes,” CBS, 7.99 million; “NCIS,” CBS, 7.4 million; “The Big Bang Theory,” CBS, 7.35 million; “Better Late Than Never,” NBC, 7.349 million; “America’s Got Talent” (Wednesday, 8 p.m.), NBC, 7.13 million; “American Ninja Warrior,” NBC, 7.01 million; “Big Brother” (Sunday), CBS, 6.76 million; “Big Brother” (Wednesday), CBS, 6.47 million.___ABC is owned by The Walt Disney Co. CBS is owned by CBS Corp. CW is a joint venture of Warner Bros. Entertainment and CBS Corp. Fox is owned by 21st Century Fox. NBC and Telemundo are owned by Comcast Corp. ION Television is owned by ION Media Networks.___Online: by David Bauder, The Associated Press Posted Aug 30, 2016 2:36 pm MDT Last Updated Aug 30, 2016 at 3:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more