Manufacturing numbers drop in September
US factory orders fell for a second straight month in September by 0.4 percent, the third decline in four months, as demand cooled. The report notes nearly 2 million manufacturing jobs lost over two years, with experts forecasting a modest recession and potential Fed rate cuts amid volatile growth.
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Honda in Ohio marks 20 years of U S production
Marysville, Ohio, marks two decades since Honda began building cars in America, the first Japanese automaker to do so. Honda’s emphasis on quality and efficiency reshaped U S industry, with Honda holding about 10 percent of the U S passenger car market and roughly 542000 of 650000 Honda cars sold in the first nine months of 2002 produced in the United States. Analysts say the milestone spurred Detroit’s Big Three to raise performance on fuel efficiency and service.
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Grand Theft Auto Vice City tops shelves after sniper attacks
Crowds gather outside area stores last Tuesday for the release of Grand Theft Auto Vice City. The game includes a sniper rifle with a scope letting players kill in parks and streets. Critics say releasing it days after arrests is inappropriate and could trigger memories of the sniper attacks.
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Market rises on Microsoft settlement optimism
Wall Street extended gains as optimism from Microsoft's antitrust settlement spurred buying. Nasdaq jumped 2.6 percent to 1396.54, Dow rose 0.6 percent to 8571.60, and S&P 500 advanced 0.8 percent to 908.35 amid strong earnings and momentum. Congress elections linger in traders' thoughts.
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Dollar mixed as elections Near and Fed meeting eyed
The dollar showed a mixed tone against major rivals ahead of U S elections and a Wednesday Fed policy meeting viewed as likely to signal a rate cut. The euro remained strong while the pound fell to 1.5532 support amid shifting technicals, with investors watching for GOP control impact. Major tech gains supported by antitrust settlement news boosted Microsoft IBM and Cisco. UAL rose on a tentative 2.2 billion cost‑cutting deal with pilots as Caterpillar and JP Morgan climbed on stable dividends.
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