Business economists forecast 3.5 percent q2 growth and rebound
The National Association for Business Economics raised its q2 growth forecast to 3.5 percent with 3.1 percent in Q3 and 3.2 percent in Q4, though full year growth trimmed to 2.5 percent due to a weak first quarter. Job gains and later Fed rate increases are noted.
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Activ
Ity
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Lighter car materials push toward fuel economy future
Dearborn report outlines how aluminum, carbon fiber, and high strength steel reshape autos. Ford Fusion prototype uses carbon fiber parts and lighter wheels while aluminum brakes cut weight. McKinsey predicts aluminum use triples by 2030 and carbon fiber costs may fall with faster resins.
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U.S. Department of Energy
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Tyson wins bid for Hillshire Brands in takeover
Tyson Foods Inc wins the bidding war to acquire Hillshire Brands for 63 dollars a share after competing with Pilgrim's Pride. The deal depends on Hillshire avoiding Pinnacle Foods while Hillshire negotiates its own offer.
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Tyson Foods Inc
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McDonald’s U S sales slip again amid challenges
The Associated Press reports McDonald’s U S same store sales fell 1 percent in May as broad-based challenges press on. Executives blame fast-changing eating habits and competitive pressure while addressing staffing and menu issues to restore growth. Global May sales rose 0.9 percent with China’s rebound lifting Asia, Middle East and Africa.
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Ill
McDonald’s
U.S
McDonald's
Don Thompson
China
Asia
Middle East
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McDonald’s Corp
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