Business

7:32am

Wed February 15, 2012
The Two-Way

U.S. Factories Boost Output In January

Manufacturing output increased 0.7 percent in January, the Federal Reserve announced today, adding that it had revised December's number sharply upward to 1.5 percent.

The AP reports that December number was the biggest gain since Dec. 2006. The AP adds:

"Overall industrial production, which includes output by mines and utilities as well as factories, was unchanged in January.

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10:01pm

Tue February 14, 2012
The Salt

Coming Soon To Your Grocery Aisle: Organic Food From Europe

Originally published on Wed February 15, 2012 5:46 pm

Edgar Jaime (right) and his brother Jose Luis unload organic vegetables from their farm in Santa Monica, Calif. Now that U.S. and European organic standards are equivalent, more American organic farmers will be able to export to Europe.
Damian Dovarganes AP

If you buy organic products, your options may be about to expand. The U.S. and the European Union are announcing that they will soon treat each other's organic standards as equivalent. In other words, if it's organic here, it's also organic in Europe, and vice versa. Organic food companies are cheering because their potential markets just doubled.

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10:09am

Tue February 14, 2012
The Two-Way

Boeing Closes $22.4 Billion Deal With Lion Air

An artist rendering depicts a Boeing 737 MAX 9. Lion Air of Indonesia has agreed to become the first commercial customer for the plane.
Boeing

When your products sell for more than $80 million, selling one of them is a big deal. Selling hundreds of them in one deal means they're probably feeling pretty good over at Boeing right now. The aircraft company has finalized a deal to sell 230 jets to Lion Air of Indonesia, with a total list price of $22.4 billion — a record for Chicago-based Boeing.

The deal, which was first announced in November during President Obama's multi-country tour of Asia, includes 201 737 MAX jets and 29 of Boeing's extended range 737-900ERs.

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6:44am

Tue February 14, 2012
The Two-Way

Drop In Auto Sales Leads To Smaller-Than-Expected Gain In U.S. Retail Sales

Retail sales rose by 0.4 percent in January, the Commerce Department reported today.

While that's better than December's flat number, it's less than the 0.8 percent expected by economists. The AP adds:

"When excluding autos and gasoline station sales, retail spending jumped 0.6 percent the best showing in three months.

"Consumers spent less on cars, the report showed, even though automakers have previously reported higher sales in January. That suggests dealers offered discounts in order to boost sales.

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10:01pm

Mon February 13, 2012
Author Interviews

Networking Tips from the Ultimate Networker

Originally published on Tue February 14, 2012 6:36 am

Random House

"Relatively few people should start companies," Reid Hoffman says bluntly. And he should know. As a co-founder of popular social networking website LinkedIn and an influential Silicon Valley angel investor, he has engineered several startup success stories — and now he has distilled his business wisdom into a book, The Start-up of You: Adapt to the Future, Invest in Yourself, and Transform Your Career.

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