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U.S. Manufacturing Index Indicates Modest Contraction In April
The Institute for Supply Management released a report on Wednesday showing a modest contraction by U.S. manufacturing activity in the month of April. The ISM said its manufacturing PMI slipped to 49.2 in April from 50.3 in March, with a reading below 50 indicating contraction. Economists had expected the index to edge down to 50.0.
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U.S. Crude Oil Inventories Unexpectedly Rebound
The Energy Information Administration released a report on Wednesday showing an unexpected rebound by U.S. crude oil inventories in the week ended April 26th. The report said crude oil inventories jumped by 7.3 million barrels last week after tumbling by 6.4 million barrels in the previous week. Economists had expected crude oil inventories to decrease by 2.3 million barrels.
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U.S. Job Openings Decrease More Than Expected In March
A report released by the Labor Department on Wednesday showed job openings in the U.S. fell by more than expected in the month of March.
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U.S. Construction Spending Unexpectedly Edges Down 0.2% In March
Reflecting a decrease in spending on private construction, the Commerce Department released a report on Wednesday showing U.S. construction spending unexpectedly edged lower in the month of March.
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U.S. Manufacturing Index Dips Slightly More Than Expected In April
The Institute for Supply Management released a report on Wednesday showing a modest contraction by U.S. manufacturing activity in the month of April.
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RTX's Pratt & Whitney Canada Inks 6-year Fleet Management Deal With TAAG Airlines
Pratt & Whitney Canada and TAAG Angola Airlines E.P., Angola's state-owned airline, on Wednesday signed a six-year Fleet Management Program agreement. Pratt & Whitney is an RTX Corp. (RTX) business.
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U.S. Private Sector Employment Jumps By 192,000 Jobs In April, More Than Expected
Private sector employment in the U.S. increased by more than expected in the month of April, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment shot up by 192,000 jobs in April after jumping by an upwardly revised 208,000 jobs in March.
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Akari Therapeutics Appoints Samir Patel Interim CEO After CEO Rachelle Jacques Steps Down
Biotechnology company Akari Therapeutics, Plc (AKTX) announced Wednesday leadership changes, including the appointment of experienced life sciences entrepreneur Samir Patel as interim Chief Executive Officer.
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Standard Motor Products Q1 Results Top Estimates
Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter declined to $9.86 million or $0.44 per share from $12.70 million or $0.57 per share in the prior-year quarter.
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Verisk Q1 Results Top Estimates; Backs FY24 Outlook
Verisk Analytics, Inc. (VRSK), a data analytics and technology provider, reported Wednesday that net income attributable to Verisk for the first quarter soared to $219.6 million or $1.52 per share from $56.3 million or $0.37 per share in the prior-year quarter.
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Bay Street Likely To Open On Mixed Note; Fed Policy Eyed
It's likely to be a mixed start for Canadian shares Wednesday morning, with investors tracking commodity prices and earnings updates, and looking ahead to the Federal Reserve's monetary policy announcement.
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TTM Technologies Q1 Results Top Estimates; Guides Q2 In Line With View
TTM Technologies, Inc. (TTMI) reported Wednesday a net income for the first quarter of $10.47 million or $0.10 per share, compared to a net loss of $5.81 million or $0.06 per share in the prior-year quarter.
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U.S. Private Sector Employment Jumps More Than Expected In April
Private sector employment in the U.S. increased by more than expected in the month of April, according to a report released by payroll processor ADP on Wednesday.
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