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API wants desks cleared of LNG export plans
WASHINGTON, June 15 (UPI) -- Industrial production slipped in May after rising 1 percent in April, the U.S. Federal Reserve said Friday.
Industrial production "edged down," the Fed said, dropping 0.1 percent.
Output in manufacturing, one of three industrial divisions, shrank 0.4 percent following an increase in April.
Production at mines rose 0.9 percent in May and output at utilities was up 0.8 percent.
Industrial production was 4.7 percent higher than in May 2011.
Capacity utilization -- measuring production as a percentage of manufacturing, mining and utilities operating at full steam -- fell to 79 percent, a 0.2 percent decline from its 1972-2011 average.
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| Additional Business News Stories | |
BUENOS AIRES, May 21 (UPI) --
To the joy of neighboring rivals, Argentina's beef exports are dwindling and traders blame government policies.
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MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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