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Slowdown in orders, hiring curbs U.S. services sector growth

Other data on Thursday showed planned job cuts by U.S.-based employers dropped 31 percent to a five-month low last month. The mixed reports came a day after the Federal Reserve offered a fairly upbeat assessment of the economy and signaled it could raise interest rates next month.

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Slowdown in orders, hiring curbs U.S. services sector growth

assembly-line

Fidelity drops credit card partners American Express, Bank of America

By Tim McLaughlin BOSTON (Reuters) – Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp , ending a 12-year partnership that has generated billions of dollars in fees. Boston-based Fidelity, which has 24 million customers, said its new partners will be U.S. Bancorp and

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Fidelity drops credit card partners American Express, Bank of America

assembly-line

U.S. manufacturing activity slumps, construction spending falls

By Lucia Mutikani NEW YORK (Reuters) – The U.S. manufacturing sector contracted further in December, as the impact of a stronger U.S. dollar undermined export profitability, while U.S. construction spending fell for the first time in nearly 1-1/2 years in November, suggesting only moderate economic growth in the fourth quarter of 2105. The U.S. Institute for Supply Management (ISM) said its index of national factory activity fell to 48.2 from 48.6 in November and is now at its lowest level since June 2009. A reading above…

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U.S. manufacturing activity slumps, construction spending falls