Economic optimism grows as manufacturing and housing rise
U S manufacturing index shows expansion for September at 33.7 with August 34.7. private housing and public works drive August spending to a record 222.7 billion. Dow jumps 194 points as investors greet steady Fed rate hold and hopeful growth signals.
MENTIONED IN THIS ARTICLE
Jerzy Jasinowski
National Association of Manufacturers
Commerce Department
Vate
RoboCleaner RC3000 brings hands-free cleaning to small flats
In Frankfurt and priced at 1499, the RoboCleaner RC3000 autonomously vacuums a 80 square foot apartment. It roams, avoids obstacles, dumps dust at the station, recharges for about an hour, then resumes cleaning for eight hours. Slower but hands free, it suits long, quiet sessions despite not excelling on deep carpets.
MENTIONED IN THIS ARTICLE
Frankfort
Germany
Alfred Kaercher Gmbh
Frankfurt
Tavacare completes sale of $100 million senior notes
Tavacare Corp announces completion of an aggregate $100 million in senior notes in three series. Series A $50 million at 3.97 percent matures Oct 1 2007. Series B $30 million at 4.74 percent maturing Oct 1 2009. Series C $20 million at 5.05 percent maturing Oct 1 2020. Swap agreements convert fixed to variable rates. Proceeds to repay borrowings and fund general corporate needs. Invacare Corp, Elyria, with 5,300 associates, serves 80 countries.
MENTIONED IN THIS ARTICLE
Elyria
Business Wire
Tavacare Corp
Invacare Corp
Labor probes Syncor unit in Cardinal Health deal
Federal labor officials are investigating the Syncor Employees’ stock ownership plan, part of Cardinal Health’s 770 million acquisition of Syncor. Cardinal disclosed the subpoena and ongoing inquiry in its SEC filing, noting prior related investigations and settlements. The Taiwan unit pleaded guilty to a Foreign Corrupt Practices Act count, and civil suits accuse Syncor executives of risky investments in company stock. Iris Cardinal remains a major health care supplier. stock closed at 58.25, down 14 cents.
MENTIONED IN THIS ARTICLE
Washington
Syncor International
Cardinal Health Inc
Cardinal
Securities and Exchange Commission
U.S. Department of Labor
Syncor
Aow
Justice Department
SEC
Woodland Hills
Calif
Jim Mazzola
Ed Frank
Labor Department
Iris Cardinal
Columbus
Dublin
New York Stock Exchange
Wall Street rebounds on favorable manufacturing data
U S stocks rise as ISM manufacturing index shows growth and construction spending edges higher. Dow up 194.14 points to 9469.20, Nasdaq gains 45.31, S&P 500 up 22.25 as investors greet end of quarter window dressing and cautious optimism from the data.
MENTIONED IN THIS ARTICLE
Pri
New York
Wall Street
Standard & Poor
Midwest
Peter Dunny
Wall Street Access
Dow
Institute For Supply Management
Commerce
Dollar Under Pressure Amid Mixed US Economic Signals
The dollar weakens after a softer than expected US manufacturing report and falling bond yields, despite a 188 point Dow surge. Traders await Friday's September non farm payrolls as the euro and other majors move on global jitters. The pound rises while yen and Swiss franc dip. Market mood shifts as some see overvalued equities after a late quarter rally.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/ AP
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Ralph Diehl
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