America Breaking News: U.S. Business Spending Plans, Durable Goods Orders Rise

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America Breaking News: U.S. Business Spending Plans, Durable Goods Orders Rise

by Wochit 0:52 mins

America Breaking News: U.S. Business Spending Plans, Durable Goods Orders Rise

by Wochit 0:52 mins

A gauge of planned U.S. business spending rose more than expected in June and new orders for long-lasting manufactured goods surged, offering tentative signs of a pickup in economic activity. Helped by revenue increases across most of its business lines, U.S. manufacturer 3M Co posted a slightly higher quarterly profit and raised the number of shares it expects to buy back this year. Coca-Cola, PepsiCo and the Dr Pepper Snapple Group all sold less soda in the second quarter in North America, dashing hopes for the moment that splashy new marketing and different sweetener mixes could get drinkers back.

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