Consumer confidence seems to be back on track in the U. S.
The biggest gain for orders in long-lasting U. S manufactured goods was seen to hit their biggest gain in July as there is a sturdy international demand for U. S aircrafts. However the fundamental trend of a steady pace of economic growth remained unswerving.
United States largest speciality retailer for consumer electronics, Best Buy reported a less than expected revenue in the third straight quarter. The reason for the drop is attributed to the increasing online sales of personal computers and electronics.
Weyerhaeuser, the forest products company is surely one among the major companies of the Pacific Northwest and has been there for more than 110 years. It now plans to shift base and relocate its headquarters along with 800 of its employees to Seattle from Federal Way.
The move is expected to take place in 2016 on completion of a new building construction at 200 Occidental Ave. S.
Associated Press and an environmental group says that a federal nuclear inspector recommended that the U. S. regulators shut down a nuclear power plant owned by Pacific Gas & Electric Co, till tests show that its reactors are capable of withstanding the shocks from earthquake faults that lie close by.
Though for the second consecutive month the U. S homebuilders saw a drop t in rate of sales for new homes July but prices are appearing to become modest which is likely to help the market grow in the near future.
Sources familiar with the matter on Monday said that the Wei family from Taiwan is likely to ask Cathay Financials chairman and Cheng Uei the firm involved in electronics parts business to invest in a proposed deal to purchase a part of China Network Systems (CNS), the largest cable TV operator of the country.
The U. S Family Dollar is a variety store chain that is operational in about 8,200 locations. It is the second largest retailer of its kind in the entire United States. This is a popular outlet for low-income customers mainly in the urban areas of the U. S. Now the chain is a target of a cash takeover deal of $9 billion. The offer has come from rival Dollar General with another one of cash and stock offer of $8.5bn from Dollar Tree.
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