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Smarter Pump Operation

Smarter Pump Operation

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U.S. Durable-Goods Orders Slip

Orders for U.S. durable goods fell in April but much less than expected, and a key barometer of business-equipment spending surged.

Durable-goods orders declined 0.5% to a seasonally adjusted $214.42 billion, the U.S. Commerce Department said. The drop was the fourth decrease in six months -- orders decreased a revised 0.3% in March -- and underscored continuing weakness in the manufacturing sector.

Source: Wall Street Journal

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