Durable goods orders rise 10.6 percent in December
U S factories saw durable goods orders climb 10.6 percent in December led by strong demand for communications equipment, marking a rebound after a three year downturn. For all 2004 orders were up 10.9 percent, the best since the late 1990s, while analysts warn 2005 depends on global growth and export demand. Unemployment claims rose slightly to 325,000 last week after a large drop prior.
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Commerce Department
Daniel J. Meckstroth
Manufacturers Alliance
MAPI
Wall Street
OPEC
Dow Jones
Rahat Department
SBC in talks to buy AT&T for at least 15 billion
New York reports SBC Communications is negotiating to acquire AT&T Corp for at least 15 billion, a move that could end AT T as an independent firm. Executives from SBC and AT&T have had sporadic talks amid market moves and unidentified sources say discussions are sensitive.
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At&t Corp
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ATS
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Esid Nursday, AB
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AEF
Oni
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Stor
Ford recalls 792000 pickups and SUVs for cruise control fire risk
Ford Motor Co recalls about 792,000 Ford F-150 pickups, Expeditions, and Navigators from 2000 2001 model years due to a cruise control short circuit that could cause a fire. Dealers will deactivate the switch, replacements to follow once available, with owner notices in February.
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Ford Motor Co
Ford Expeditions
Ford
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