MANUFACTURING

New homes under construction are seen at Hawaiian Gardens, California

Construction Spending in December Rose 1.5 Percent, Beating Estimates

Boosted by non-residential developments, builders increased their December 2011 spending at a rate higher than economists had expected. The gain confirmed previously observed trends about the ongoing economic recovery in the U.S., which has seen better than expected progress in industry while still facing a soft residential housing market.
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Gold bars

Gold Rallies as Euro Rebounds

Gold rallied for a second day on Wednesday as the euro rebounded following upbeat German economic data, building on gains in January that marked the metal's strongest starting month in 32 years.
BSE Sensex

BSE Sensex Posts Highest Close in 12 Weeks; Metals, Autos Gain

The BSE Sensex rebounded in late trade on Wednesday to post its highest close in 12 weeks, as metal producers and auto makers jumped, although investors were doubtful the rally could be sustained after a rise of nearly 12 percent so far this year.
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Greek PM Seeks Reform Backing, IMF Warns on Fiscal Pain

Greece's prime minister is seeking backing from the country's political leaders for more austerity measures, with the International Monetary Fund warning that long-term commitment to reforms is key to securing a new bailout.
Toshiba

Toshiba Cuts Outlook after Profit Tumbles

Toshiba Corp., Japan's biggest chip maker, booked a 72 percent fall in quarterly operating profit on Tuesday and slashed its annual profit forecast as a strong yen and the Eurozone debt crisis hit profits.
A view shows Toshiba Corp's logo at the fourth International Photovoltaic Power Generation (PV) Expo in Tokyo

Toshiba's 4Q Plunges, Outlook Slashed

Toshiba Corp., Japan's biggest chip maker, booked a 72 percent fall in quarterly operating profit on Tuesday and slashed its annual profit forecast as a strong yen and the Eurozone debt crisis hit profits.
Hang Seng Index

Hang Seng on Mark to Book Best Jan. Since 1996

Hong Kong shares rose on Tuesday with the Hang Seng Index streaking to its best January since 1996, but further upside is expected to be capped going into earnings season after several profit warnings from mainland companies.
Asian Stocks

Asian Shares Recover on Greek Debt Hope

Asian shares and the euro rose on Tuesday after Greek Prime Minister Lucas Papademos raised hopes that a deal would be reached this week to avoid a potentially chaotic debt default, but worries over Portugal's refinancing ability capped gains.
Chrysler

Chrysler to Add 1,600 Manufacturing Jobs

Chrysler plans on adding 1,600 production workers to an Illinois assembly plant, the first step in a rejuvenation the company expects will add thousands of workers to its payroll over the next three years.
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Replacement of Worn-Out Equipment Rises in Sign of Recovery

Delivery trucks wear out, computers break down, software becomes outdated -- and finally businesses have to start investing in new equipment. Companies that want to remain competitive have to start spending again as an economy slowly recovers.
EU Trade Commission Karel De Gucht (R) and U.S. Trade Representative Ron Kirk attend a session at the World Economic Forum (WEF) in Davos, January 28, 2012.

Beware, Trade Cheats: New U.S. Team Getting Ready for You

A new team of U.S. trade enforcers will make countries think twice about building unfair barriers to American exports, said President Barack Obama's top trade official, who noted the team will include intelligence officials as well as representatives of multiple agencies.

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