Durable goods orders fall. Orders for costly U.S. manufactured goods fell in October, the government said in an economic report signaling that consumer and business demand was slowing, according to a published article by Reuters.
Consumer confidence falls.
Consumer confidence in the U.S. economy fell this month to the lowest level in more than a year, sapped by falling stock prices and a disputed presidential election, a report showed by the Conference Board, New York, N.Y., according to a published article by The Bloomberg Press. Microsoft denies monopoly, files appeal. Microsoft Corp., Redmond, Wash., filed a long appeals brief arguing it must not be broken in two and denying every element of a lower court ruling that it had violated antitrust law, according to a published article by Reuters. Third-quarter growth slowest in four years. The U.S. economy expanded in the third quarter at the slowest pace in four years, holding down inflation and depressing corporate profits, revised government figures showed, according to a published article by The Bloomberg Press.