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Away from spotlight, U.S. manufacturers battle back from ‘China shock’

By Howard Schneider HICKORY, North Carolina (Reuters) – As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Carolina community for generations. The U.S. economy lost almost a third of its manufacturing jobs from 2000 to 2010 and the Republican presidential nominee Donald Trump's pledge to get tough with China and rip up trade pacts to “bring jobs back” has resonated among millions…

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Away from spotlight, U.S. manufacturers battle back from ‘China shock’

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U.S. durable goods orders data points to weak business spending

New orders for U.S. manufactured capital goods rose less than expected in June amid weak demand for machinery, suggesting an ongoing downturn in business spending. Business investment remains soft despite data ranging from retail sales to housing suggesting that U.S. economic growth has regained speed after growth almost stalled early in the year. The Commerce Department said on Wednesday non-defense

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U.S. durable goods orders data points to weak business spending

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Gundlach’s DoubleLine reaches $100 billion in assets under management in May

Jeffrey Gundlach's DoubleLine Capital reached $100 billion in assets under management last month, the Los Angeles-based firm said on Wednesday. DoubleLine also said the firm appointed Jeffrey Sherman as deputy chief investment officer. Separately, the firm announced the opening of DoubleLine Investment Management North Asia Ltd.

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Gundlach’s DoubleLine reaches $100 billion in assets under management in May

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Panama Canal expansion exposes U.S. infrastructure, shipper woes

The Bayonne Bridge outside New York and New Jersey terminals is too low. Delayed port fixes, a freighter glut and a wobbly global economy mean that, in the short term, the benefits of the expanded waterway along

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Panama Canal expansion exposes U.S. infrastructure, shipper woes

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Oil jumps on Canadian wildfire near oil sands fields, Libyan fighting

Oil prices jumped on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African nation's output. International benchmark Brent crude futures were trading at $45.32 per barrel at 12.40 a.

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Oil jumps on Canadian wildfire near oil sands fields, Libyan fighting

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Obama, Southeast Asia leaders eye China and trade at California summit

President Barack Obama will press leaders from Southeast Asia to boost trade and back common goals for the South China Sea during a summit starting on Monday that the White House hopes will solidify U.S. influence in the region. Obama will also discuss curbing North Korea and plans…

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Obama, Southeast Asia leaders eye China and trade at California summit

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Insight: Electric vehicle sales fall far short of Obama goal

By David Shepardson and Bernie Woodall DETROIT (Reuters) – Back in 2008, with gas prices averaging nearly $4 a gallon, President Barack Obama set a goal of getting one million plug-in electric vehicles on the roads by 2015. The Chevy Bolt promises a breakthrough on both fronts, with a 200-mile range and a price starting at about $30,000 – after government incentives.

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Insight: Electric vehicle sales fall far short of Obama goal

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Oil below $30 fans wipeout fears among U.S. shale survival artists

By Terry Wade and Anna Driver YORKTOWN, Texas (Reuters) – Across oil fields from Texas to North Dakota fears are growing that crude's plunge below $30 a barrel is more than just another market milestone and marks a countdown to an endgame for many shale producers that so far have braved the 18-month downturn. Oil prices tumbled by more than a fifth this month to 12-year lows 70 percent below mid-2014 levels and…

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Oil below $30 fans wipeout fears among U.S. shale survival artists

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U.S. says talks will continue to reach VW diesel emissions fix

U.S. environmental officials said on Wednesday talks will continue with Volkswagen aimed at reaching an agreement on a fix for nearly 600,000 diesel vehicles that emit up to 40 times legally allowable limits. Nearly four months after the emissions scandal broke, there…

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U.S. says talks will continue to reach VW diesel emissions fix

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Porsche CEO seeks U.S. approval of diesel engine fix in January

By Andreas Cremer DETROIT (Reuters) – Porsche is confident it will win approval from U.S. authorities by the end of January for plans to bring its larger diesel models capable of cheating U.S. emissions tests in line with the law, its chief executive said on Tuesday. Proposals submitted …

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Porsche CEO seeks U.S. approval of diesel engine fix in January

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