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US Midwest Business Growth Slows in Dec CHICAGO (Reuters) - Business activity in the U.S. Midwest expanded in December but at a slower rate than expected, with hiring down after four months of growth, a report showed on Thursday. The National Association of Purchasing Management-Chicago's business barometer slipped to 61.2 this month from 65.2 in November. Economists had forecast the index at 63.0. A reading above 50 indicates expansion in the sector, and the index has been above that level for... : US Midwest Business Growth Slows in Dec
GE Profit Rises, Says Economy 'Excellent' By Daisuke Wakabayashi BOSTON (Reuters) - General Electric Co. (GE.N: Quote , Profile , Research ) on Friday posted an 18 percent rise in quarterly profit, slightly topping Wall Street estimates as it reported broad-based growth across its finance and industrial businesses. GE, which produces everything from gas turbines to television shows and credit cards, repeated its forecast for earnings-per-share growth of 10 percent to 15 percent in 2005 and said growth was su... : GE Profit Rises, Says Economy 'Excellent'
Business Inventories Rise WASHINGTON (Reuters) - U.S. business inventories rose slightly more than expected in November while sales growth eased, Commerce Department data showed on Friday. November's 1.0 percent inventory rise surpassed Wall Street expectations for a 0.6 percent increase and followed a 0.4 percent rise in October. Sales by manufacturers, retailers and merchant wholesalers rose a more modest 0.4 percent in November after increasing 1.4 per... : Business Inventories Rise
GE Quarterly Profit Up 18 Percent BOSTON (Reuters) - General Electric Co. on Friday posted an 18 percent rise in quarterly profit, boosted by broad-based earnings growth in its finance, transportation and health-care businesses. GE's results topped Wall Street estimates for both earnings and revenues, leading U.S. stock futures higher. GE, which produces everything from gas turbines to television... : GE Quarterly Profit Up 18 Percent
Inflation Up, Business Conditions Improve By Kristin Roberts WASHINGTON (Reuters) - U.S. inflation rose strongly in January while business conditions in the Midwest and New York City improved, according to data released Monday that bolstered expectations of U.S. interest rate hikes. Separately, new home sales tumbled last month as housing began to show signs of weakness after serving ... : Inflation Up, Business Conditions Improve
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