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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 02, 2013
Page
30
The ISM index slipped to 51.3 in March from 54.2 in February signaling slower expansion as production and new orders grew more slowly while hiring rose at the fastest pace in nine months. New export orders also gained, keeping modest 2013 growth on track.
The Commerce Department reports February construction spending rose 1.2 percent from January to a seasonally adjusted annual rate of $885.1 billion, with private residential construction up 2.2 percent to $303.4 billion, the strongest since November 2008.
The Supreme Court rejected Novartis bid to patent an updated version of Glivec, saying patents only apply to genuine new drugs. The decision preserves generic competition in India, aiding affordability for poorer patients. Cipla welcomed the ruling, while Novartis called it a setback for research investment.
The Camry and Accord once dominated a rising midsize segment now challenged by Hyundai Sonata Ford Fusion Nissan Altima and Kia Optima. With redesigned rivals boosting styling and fuel economy sales shift as industry analysts note quality gaps fade and buyers seek better design and performance.
AAA IOIS and Wright Express survey shows regular gas at 3.56 in Ohio, down 14 cents from last week and 28 cents lower than 2012. National average near 3.63. Ohio price 21 cents below last month.
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