Capital Spending News
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Orders for U.S. durable goods increased more than forecast in April, indicating the world’s largest economy will get a lift in the second half of the year as business investment strengthens.
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SeaWorld Entertainment Inc.’s Antarctica: Empire of the Penguin attraction, opening today at the company’s namesake theme park in Orlando, features 50-foot glaciers, 2,500 glass icicles and up-close encounters with 230 penguins, dusted daily with 6,000 pounds of snow.
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New York Governor Andrew Cuomo’s plan to fix the Long Island Power Authority, which left thousands of customers in the dark for weeks after Hurricane Sandy, isn’t winning over municipal-bond investors.
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Pennon Group Plc, a U.K. water company, said fiscal full-year profit dropped 1.1 percent as sales shrank at its Viridor waste-management unit.
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Any lament that U.S. executives are sitting on cash at their companies instead of investing in plants and equipment may be about to get louder.
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Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on May 1.
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U.K. stocks advanced, extending their highest level in 13 years, as Federal Reserve Chairman Ben S. Bernanke said tightening monetary policy too soon would endanger U.S. economic recovery.
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Mining and energy projects worth about A$150 billion ($147 billion) have been delayed or canceled in the past year in Australia as investments peaked and commodity prices declined.
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European stocks erased losses in the final minutes of trading as Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank should continue its bond-buying program.
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Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, said it will spend less on bringing the business up to speed with competitors as it moves beyond recovery and places greater emphasis on rewarding shareholders.
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