The News Review:
- Signs of healing in manufacturing lift stocks
- Changes in federal tax receipts
- Numbers surge at WFU management program The Business Journal of …
- US STCKS-Wall Street gains on fresh recovery hopes
- CRRECTED – CRRECTED-UPDATE 1-Management Consulting H1 underlying …
- East EU manufacturing latches on to uptick in West
- Waste Management 2Q Net Drops 22% n Volume Drop Costs
Signs of healing in manufacturing lift stocks
The Associated Press
Better-than-expected reports on manufacturing and housing sent stocks sharply higher Monday. At one point during the session the Standard & Poor’s 500 index moved past the 1000 mark for the first time since early November. The Institute for Supply Management said that while manufacturing activity slowed during July it did so at the slowest pace in nearly a year. The private trade group said its manufacturing index rose to a better-than-expected 48. A reading above 50 indicates growth.
Changes in federal tax receipts
San Francisco Chronicle
tmpl –> (08-03) 09:23 PDT (AP) –<tbody>Federal tax receipts are on pace for the biggest single-year drop since 1932. The annual percentage change for individual income taxes corporate income taxes Social Security taxes and total tax receipts:___Year Income Corporate Social Security Total2000 14.
Numbers surge at WFU management program The Business Journal of …
Bizjournals.com
A total of 91 students attended orientation on July 20 and began classes last week which was more than a three-fold jump from the previous class. The 2010 class includes students from 37 different undergraduate colleges in 18 states and two countries. The previous class came from 10 schools in seven states. The new class is also significantly more diverse which is a priority goal for Dean of Business Steve Reinemund.
US STCKS-Wall Street gains on fresh recovery hopes
Reuters
54 after it reported a 2 percent sales growth inJuly the first year-over-year monthly gain since November2007. [ID:nN03341465] Ford is among the primary beneficiaries of the federalgovernment’s “Cash for Clunkers” incentive program that beganon July 24. The Institute for Supply Management said its index ofnational factory activity rose in July to 48. 9 the highestsince August 2008 from 44. Economists polled byReuters had forecast a July reading of 46.
CRRECTED – CRRECTED-UPDATE 1-Management Consulting H1 underlying …
Reuters
9 mln stg vs loss 23. 7 mln stg * H1 rev falls 7 pct keeps interim div of 0. 4p * Does not see H2 trading to alter significantly from H1 * Explores listing in United States (Adds details) Aug 3 (Reuters) – British support services companyManagement Consulting Group Plc (. 6 percentfall in first-half underlying pretax profit hurt by losses atits Kurt Salmon Associates business but maintained its 0. 4pence interim dividend.
Related from Affiliaterevenuemonster: CRRECTED – UPDATE 1-AllianceBernstein 1st-qtr profit drops …
East EU manufacturing latches on to uptick in West
Forbes
6 the second-biggest rise in series history and boosted by growing output in Germany France and Spain. Hungarian PMI compiled under a different methodology than the Markit data rose to 49. 2 in July from a revised 46. 0 in June the Association of Logistics Purchasing and Inventory Management said. DMESTIC LAG When the crisis hit full stride last year it caused double digit drops in industry across the region as richer Europeans like the Germans French and British snapped shut their wallets and stopped buying as many cars and flat screen TVs. That has hammered growth causing contractions in all countries in the EU’s emerging east except for the biggest Poland which has been buoyed by the relatively robust demand of its 38 million-strong domestic market.
Waste Management 2Q Net Drops 22% n Volume Drop Costs
Wall Street Journal
–>Waste Management 2Q Net Drops 22% n Volume Drop Costs ArticleCommentsmore in. (WMI) posted a 22% drop in second-quarter earnings as the nation’s largest garbage hauler and landfill operator continued to struggle amid recycling commodities costs and falling demand for industrial services. The company also projected full-year profit below analysts’ expectations – $1. 99 a share compared with Wall Street’s average estimate of $2. 02 according to Thomson.