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China’s credit push to small firms falters in factory heartland

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(Reuters) – China’s campaign to boost loans to small firms was supposed to support the economy during its biggest slowdown in decades, but banks’ reluctance to lend has left exporters and manufacturers in its southern industrial belt struggling to pay the bills. An employee works at the factory of Guangdong LiShun Yuan Intelligent Automation Co, Read More

U.S. business borrowing for equipment rises 9% in June: ELFA

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(Reuters) – U.S. companies’ borrowing to spend on capital investments rose 9% in June from a year earlier, the Equipment Leasing and Finance Association (ELFA) said. Companies signed up for $9.9 billion in new loans, leases and lines of credit last month, up from $9.1 billion a year earlier. Borrowings rose 9% from the previous Read More

Fitch, Moody’s cut Boeing’s debt outlook to ‘negative’ on 737 MAX problems

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(Reuters) – Fitch Ratings and Moody’s lowered their outlooks for Boeing Co (BA.N) to “negative” from “stable” on Monday, citing delays in its 737 MAX jets’ return to service. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. Picture taken Read More

Philips sales spurred by rising Chinese healthcare spending

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AMSTERDAM (Reuters) – Rising healthcare spending by the Chinese government helped Dutch health technology company Philips (PHG.AS) post better-than-expected sales growth for the second quarter, putting its shares among the top performers in Europe on Monday. FILE PHOTO: Dutch technology company Philips’ logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Read More

Dutch firm Philips tops quarterly sales estimates as growth picks up

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AMSTERDAM (Reuters) – Dutch health technology company Philips (PHG.AS) on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, helped by strong demand for its hospital equipment in China and the United States. FILE PHOTO: Dutch technology company Philips’ logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. Read More

Philips second-quarter results top estimates as growth picks up

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FILE PHOTO: Dutch technology company Philips’ logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo AMSTERDAM (Reuters) – Dutch health technology company Philips (PHG.AS) on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, helped by strong demand for its hospital equipment in China and Read More

The number of electric utility rate cases increased in 2018

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July 19, 2019 Source: U.S. Energy Information Administration, based on data from S&P Global Rate Case Database and the University of Texas, Austin Energy Institute In 2018, 89 utilities—or nearly half of all major U.S. electric utilities—tried to change electricity rates by filing rate cases with state regulatory commissions; this number was the largest number Read More

Trump’s tariffs trip up the all-American RV industry

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ELKHART, Ind. (Reuters) – Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading U.S. manufacturers of high-end recreational vehicles. She’s buried in bad news from most of her about 350 suppliers. An assembly line worker works on the production line at Read More