Stagflation is on - Chicago Purchasing Managers Index down in June while prices soar
Media Release
Jun. 30, 2006

Chicago area business activity fell back in June after hitting a seven-month high in May, according to the latest Chicago Purchasing Managers Index. The business index, issued Friday by the National Association of Purchasing Managers of Chicago, fell to 56.5% in June. This is the lowest level since February. The index reached 61.5% in May.

Stagflation is on - Chicago Purchasing Managers Index down in June while prices soar
Media Release
Chicago area business activity fell back in June after hitting a seven-month high in May, according to the latest Chicago Purchasing Managers Index.
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Consumer spending slowed in May, increasing 0.4% following a large gain in April
Media Release
Consumer spending slowed in May, increasing 0.4% following a large gain in April, as rising gasoline prices weighed on Americans' wallets. Personal income also rose 0.4% during May.
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French lawmakers force Apple to make its iPod and iTunes Music Store compatible with rivals
Media Release
French lawmakers gave final approval to legislation that could force Apple to make its iPod and iTunes Music Store compatible with rivals' music players and online services.
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Microsoft on Thursday announced a further delay to its latest Office suite of software programs
Media Release
Microsoft on Thursday announced a further delay to its latest Office suite of software programs, a move that could presage a further postponement of the release of its Windows Vista operating system, according to analysts.
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A record number of billion-dollar deals pushed the size of the global market for initial public offerings in the first half of the year to more than $100bn
Media Release
A record number of billion-dollar deals pushed the size of the global market for initial public offerings in the first half of the year to more than $100bn – second only to the first half of 2000 at the height of the dotcom boom.
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Apple shares fell more than 2 per cent in early trading on Friday after it became one of the biggest companies to announce irregularities regarding issuance of stock options
Media Release
Apple shares fell more than 2 per cent in early trading on Friday after it became one of the biggest companies to announce irregularities regarding issuance of stock options, with one case involving its chief executive Steve Jobs.
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Japan‘s jobless rate has dropped to an eight-year low, while consumer prices continue to rise
Media Release
Japan‘s jobless rate has dropped to an eight-year low, while consumer prices continue to rise, fuelling expectations that Bank of Japan may raise interest rate as soon as next month.
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Wall Street opened flat on Friday, as markets caught their breath following the strong rally of Thursday
Media Release
In morning trading, the S&P 500 was flat, up 0.91 points at 1,273.78, while the Nasdaq was also flat, down 0.60 points at 2,173.78. The Dow Jones Industrial Average rose 0.1 per cent or 11.69 points at 11,202.49.
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A truce between Northwest Airlines and its flight attendants expired on Friday
Media Release
A truce between Northwest Airlines and its flight attendants expired on Friday with the two sides facing a further two weeks of talks before a final showdown over a disputed new pay deal.
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