Industrial output rises 0.4 percent in June
Washington AP reports a 0.4 percent June gain in industrial production driven by autos and utilities, lifting Q2 annual rate to 3.5 percent. Analysts warn the rise may reflect temporary factors amid a broader manufacturing slump. Capacity use rose to 83.5 percent.
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Washington
Federal Reserve
United Auto Workers
Michael K. Evans
Cynthia Latta
DRI McGraw Hill
Fed
Fac
Satellite launch miswiring pits Martin Marietta in court
In a high stakes dispute, Martin Marietta alleges Intelsat demanded damages after a Titan 3 rocket miswiring prevented proper separation of Intelsat 6. The company says a replacement launch was the sole obligation, while Intelsat seeks damages in federal court in Baltimore.
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Washington
California
New York
Kansas
Martin. Marietta Corp
Martin Marietta
Arianespace
Intelsat
International Communications Consortium
Cape Canaveral
Fla
Titan
Intelsat 6
NASA
Bethesda
Baltimore
Ellion H. Miller
Sar Ana Tae
Tony Trujillo
Lawmakers pledge support for Iranian opposition group
More than 160 members of Congress sign a letter backing Iran’s opposition Mujahedeen and condemning Tehran’s regime. The lawmakers express condolences to Massoud Rajavi over his brother’s assassination in Switzerland, urge solidarity with peaceful democratic aims, and note U S contacts without endorsing the group. They cite Tehran’s violence as policy and reference the 1979 embassy siege. The note also mentions U S earthquake aid to victims of last month’s disaster.
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Washington
Congress
Iran
Tehran
Mervyn M. Bymally
D-Calif
Massoud Rajavi
Ir People’s Mujahedeen
House Democrats
Rajavi
Kazem Rajavi
Switzerland
Michelle
Ka Javi
U.S
Mujahedeen
Shah Reza Pahlavi
Lebanon
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