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Positive Momentum for Nonresidential Construction

Nonresidential fixed investment grew 5.5 percent in the third quarter after expanding 9.7 percent in the second quarter, according to the Bureau of Economic Analysis’ Oct. 30 gross domestic product (GDP) report. It has now expanded by greater than 5 percent in four of the past five quarters. In addition, investment in equipment increased 7.2 percent, while investment in nonresidential structures increased 3.8 percent.

 

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MSHA Issues Third-Quarter Fatality Data

The U.S. Department of Labor’s Mine Safety and Health Administration released a summary of U.S. mining deaths that occurred during the third quarter of 2014. From July 1 to Sept. 30, eight miners were killed in accidents at work, including five in metal and nonmetal mining and three in coal mining. In that same period in 2013, nine miners died in mining accidents.

 

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Caterpillar Reports Improved Third-Quarter Results

Caterpillar Inc. announced profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.45. The third quarter of 2014 included a negative impact of $0.09 per share for restructuring costs. Excluding restructuring costs, third-quarter 2014 profit per share was $1.72. Third-quarter 2014 sales and revenues were $13.549 billion, up from $13.423 billion in the third quarter of 2013.

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