Sagebrush recreation sites across U.S. West generate millions
1 Oct 2014 | 12:05 pm
By Sandra Chereb CARSON CITY Nev. (Reuters) - Miles of sagebrush may be tedious to interstate travelers across the U.S. West, but the ecosystems supporting the scrubby plants are an economic generator, pumping millions into the local and national economies, according to a report released on Tuesday. An analysis prepared by ECONorthwest, an Oregon-based economics firm, estimates that recreational visitors to sagebrush country in 11 Western states spent $623 million in communities within 50 miles of Bureau of Land Management recreational sites in 2013. ...
U.S. factory growth slows
1 Oct 2014 | 11:42 am
By Jason Lange WASHINGTON (Reuters) - Growth in U.S. factory activity slowed more than expected in September even as private sector job growth accelerated, signs of an uneven expansion in the U.S. economy. The Institute for Supply Management said on Wednesday its index of national factory activity dropped to 56.6 last month, its lowest level since June. A reading above 50 indicates expansion. Analysts have been warning U.S. factories could feel a chill from soft demand in the global economy and from recent strength in the U.S. dollar, and the ISM data could be an indication of this. Still, ...
Mercedes slightly overstated fuel economy in C300 compact sedans
1 Oct 2014 | 11:01 am
DETROIT (Reuters) - Daimler AG's Mercedes-Benz will have to lower its labeling of fuel economy ratings on two all-wheel drive compact sedans, the U.S. Environmental Protection Agency said on Wednesday. The EPA tested the Mercedes-Benz C300 all-wheel drive FFV and PZEV models and found that the manufacturer had overstated by 1 mile per gallon the rating for city driving of each model. Mercedes-Benz stated a rating for each model of 20 mpg in city driving, and EPA testing showed 19 mpg, the agency said in a statement. ...
Weak demand hits factory activity across Asia, Europe
1 Oct 2014 | 10:46 am
By Sumanta Dey and Wayne Cole BANGALORE/LONDON/NEW YORK (Reuters) - Dwindling demand hurt factory activity across much of Asia and Europe in September, and mixed manufacturing indicators in the Americas on Wednesday raised the chances of slower global economic growth in the months ahead. China's manufacturing sector barely expanded, while Britain's slumped, and the drop in new orders did not even spare Germany, the strongest member of the euro zone currency bloc, or France, its No. 2 economy. Euro zone factories' final September purchasing managers' index from private data vendor Markit was ...
US stocks fall on mixed economic data
1 Oct 2014 | 9:25 am
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