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US Factory Growth Best in 10 months; Bolsters Outlook

avatar By Jeanne Goddard

02 May 2012 10 views
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US Factory Growth Best in 10 months; Bolsters Outlook
Manufacturing grew in April at the strongest rate in 10 months, easing concerns the economy had lost momentum at the start of the second quarter.

Manufacturing grew in April at the strongest rate in 10 months, easing concerns the economy had lost momentum at the start of the second quarter.

New orders, production, and a measure of hiring all rose, according to the Institute for Supply Management. Its index of national factory activity rose to 54.8 from 53.4 in March. The figure topped expectations for the reading to decline to 53.0 and was also above the top end of forecasts in a Reuters poll.

(READ the Reuters story via the Chicago Tribune)

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# Business

College Class Builds Apps — and Fortunes

Stanford students took seriously their homework assignment in the fall of 2007: Devise an app. Get people to use it. The students ended up getting millions of users for free apps that they designed to run on Facebook. And, as advertising rolled in, some of those students started making far more money than their professors.

# Business

The UK's Top Young Entrepreneurs to Look Out For in 2012

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# Business

Houston Bar Gives 100% of Profits to Charity. Period.

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# Business

Ingenious Gates-Funded Machine Turns Feces Into Drinking Water

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# Business

UK Opens Free, Solar-powered Plug-in Vehicle Charging Network

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