The nation’s factories churned out another increase in production last month, posting a 0.2 percent rise that adds to a nearly uninterrupted string of gains in the last year, the Federal Reserve reported Wednesday morning. Washington Times
The economic ocean is starting to see the tide roll back again. That was the message from a JP Morgan Chase and Co. senior economist Thursday. Jim Glassman, Chase (NYSE:JPM) senior economist, said after more than a year of being in a recession, activity is picking back up. Orlando Business Journal
Navy Secretary Ray Mabus will announce Friday that Northrop Grumman will be required to finish work on two LPD ships at Avondale Shipyard before it ceases operations there, and that he will act administratively to move the start of the Navy’s program for building double-hulled oil tankers up from 2017 to 2014, providing a potential mother lode of work at Avondale after Northrop Grumman leaves, Sen. Mary Landrieu said today. Times Picayune.
Personal bankruptcy filings are up in Oklahoma and across the nation, but the rate at which Oklahomans are seeking court protection has fallen behind the national rate, statistics show. Tulsa World
WASHINGTON — Sen. Jim DeMint on Thursday dismissed worries by some of his fellow Republicans that tea party-backed politicians like Delaware Senate candidate Christine O’Donnell are too conservative to win in November. The State.
El Paso’s economic growth slowed in the second quarter, but the city’s economy continued to be one of the strongest in the nation, according to the Brookings Institution’s latest MetroMonitor.
Virginia’s job market is starting to show signs of a comeback, but it will take a while to return to its pre-recession levels, the former commissioner of the Virginia Employment Commission said today at a meeting in Henrico County. Richmond Times-Dispatch