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Date:

Wed, April 01, 2009 11:04:40 AM

From:

AM Business Break by STLtoday.com

Subject:

AM Business Break: Construction spending falls again

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latest news Construction spending falls for fifth straight month Another big drop in home building offsets a slight rebound in nonresidential construction. [more] Manufacturing index shows contraction in March A trade group's measure of the health of the manufacturing sector contracted for the 14th straight month, but at a slower pace than expected. [more] Honda offers buyouts, cuts pay in North America The automaker is also imposing 13 non-production days at its North American plants to reduce its output this summer by 62,000 vehicles. [more] Pending home rise 2.1 percent in Feb. from Jan. An index that tracks signed contracts to purchase previously occupied homes rose in February from a record low a month earlier. [more] Obama tries to rally world to cope with downturn On the eve of a global economic summit, President Barack Obama promised world leaders he would listen, not lecture, as they seek a common fix to the financial crisis. [more] Latest from The Associated Press from today's post-dispatch Autoworkers showing little interest in buyouts New General Motors chief says another buyout offer is likely. [more] New GM CEO promises to make deep, fast cuts Fritz Henderson says company needs to reinvent itself, and quickly, under Obama mandate. [more] Ford, GM roll out payment protection plans The automakers will cover payments on new vehicle purchases if the buyer loses his or her job. [more] After roller-coaster quarter, what's next? The Dow had worst January ever, the worst February since theDepression; then, in March, its best month in 6 years. [more] Huttig loses its CFO The Town and Country-based company says Kenneth Young will resign, effective April 10. [more] More business news STLtoday.com blogs Mound City Money TLC Vision faces 'going concern' notice. [more] Lager Heads A-B holds furniture auction. [more] More business blogs

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