Stock Market

AP – Diversified manufacturer Eaton Corp. reported a 39 percent surge in its third-quarter profit Wednesday as global revenue increased almost 18 percent over the same period last year, when the entire industry was hammered by the recession.

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US manufacturers have rejected fears of a global slide into recession with a series of strong results and positive statements, showing the benefit of strong growth in emerging economies in Asia and the Middle East.

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AP – Diversified manufacturer Eaton Corp. says its third-quarter profit surged as global sales increased almost 18 percent over the same period last year when the entire industry was hammered by the recession.

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Two companies from the Gulf state of Qatar are pulling out of a €3.5bn energy project in Greece, dealing a blow to the government’s hopes of attracting foreign investment to pull the country out of recession

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AP – The global economic recovery isn’t uniform. Countries are emerging from a deep recession at different speeds. That’s why central bankers are taking different approaches to stimulate their economies or keep them on a healthy growth path. Here’s a snapshot of what some are doing:

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Reuters – A rebound in industrial markets, driven by restocking after a long recession and infrastructure spending by well-funded governments like China’s, is again helping lift U.S. manufacturers’ earnings.

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Reuters – Shoppers plan to spend more during the Christmas holiday season for the first time since a recession hit three years ago, according to a survey released on Monday.

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AP – FACTORY LULL: Industrial production fell in September for the first time since the recession ended in June 2009. Factories produced 0.2 percent less. Overall industrial production fell by the same amount.

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Automobile production has taken off in Mexico this year as the country recovers from its worst recession last year since 1932

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AP – Sluggish spending by businesses and consumers is causing factories to cool their production after they helped lift the economy out of recession.

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