Orders for equipment, appliances, aircraft and other so-called durable goods fell 4.2 percent in March from February, the Census Bureau reports.
It's the second decline in the past three months and the biggest monthly dip in three years. Much of the drop in March was due to a decline in orders for aircraft. "But companies also ordered less machinery and other equipment, a sign manufacturing output may slow," The Associated Press writes.
Originally published on Wed April 25, 2012 8:40 am
The basketball player formerly known as Ron Artest has been suspended for seven games for swinging his left elbow hard into the head of an opponent on Sunday.
Metta World Peace, as the Los Angeles Lakers forward is now known, will miss the team's last regular season game on Thursday. The Lakers then move into the playoffs, where each round is "best-of-seven." So he could miss most or all of the first round (if the Lakers extend that matchup beyond four games) and even a game or two in the second round (if the Lakers advance after just four or five games).
Originally published on Wed April 25, 2012 11:01 am
A few of the latest developments in the so-called Secret Service scandal, which involves alleged cavorting with prostitutes by agents and U.S. military personnel in Cartagena, Colombia, earlier this month:
Policymakers at the Federal Reserve wrap up a two-day meeting Wednesday and will explain what they plan to do about interest rates. The consensus seems to be they'll keep short-term rates near zero to help support the lagging economy.
Over the past five years, the Department of Veterans Affairs says, the number of former service members seeking mental health services has climbed by a third. In response, the agency has boosted funding and tightened standards.
China is now the world's largest market for cars, and the Auto China 2012 car show is now taking place in Beijing. Here, the Denza electric car, a joint creation by Daimler and Chinese manufacturer BYD, is unveiled Monday.
A mechanic works on a Buick at a General Motors dealership in Shanghai last December. GM just announced it plans to open 600 additional dealerships in China. The company now sells more cars in China than it does in the United States.