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Crude oil pushes toward $96
RICHMOND, Va., Nov. 27 (UPI) -- The Richmond, Va., Federal Reserve Bank said manufacturing activity picked up in November after sliding modestly in the previous month.
The diffuse business index for the region that fell into negative territory in October rose from minus 7 to 9 in the month.
In the previous month, six of eight of the broad component indicators that make up the diffuse index were negative. For November, indexes measuring the volume of new orders and the number of employees in the month moved into positive territory. The index for average work week slipped, but remained above zero, dropping from 3 to 2. The wages index was unchanged at 10.
The index uses zero as a break even point. Above zero indicates growth.
The shipments index moved sharply from minus 9 to 11. New orders rose from minus 6 to 11.
The backlog of orders remained negative, dropping from minus 3 to minus 9.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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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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