US Manufacturing Grows At Fastest Pace In 2½ Years

WASHINGTON (AP) – U.S. manufacturing grew in November at the fastest pace in 2½ years as factories ramped up production, stepped up hiring and received orders at a healthy clip.

The Institute for Supply Management said Monday that its index of manufacturing activity rose to 57.3. That was up from 56.4 in October and was the highest since April 2011. A reading above 50 signals growth.

One component of the index, a measure of hiring, rose to its highest level in nearly 18 months. And a gauge of export orders reached its highest level in nearly two years. Overseas demand is benefiting from modest recoveries in Europe, Japan and China.

Manufacturing activity has now expanded for six straight months after hitting a rough patch in the spring. The steady gains suggest that growth is remaining healthy in the current October-December quarter.


Horse Meat Found In Ikea’s Swedish Meatballs

English: Meatballs, produced in Sweden for IKE...

English: Meatballs, produced in Sweden for IKEA Food Services Polski: Klopsy, pulpety – wyprodukowany w Szwecji dla IKEA Food Services (Usługi żywnościowe) Svenska: Köttbullar (Photo credit: Wikipedia)

STOCKHOLM – Swedish furniture giant Ikea was drawn into Europe’s widening food labeling scandal Monday as authorities said they had detected horse meat in frozen meatballs labeled as beef and pork and sold in 13 countries across the continent.

The Czech State Veterinary Administration said that horse meat was found in one-kilogram (2.2 pound) packs of frozen meatballs made in Sweden and shipped to the Czech Republic for sale in Ikea stores there.  A total of 760 kilograms (1,675 pounds) of the meatballs were stopped from reaching the shelves.

Ikea spokeswoman Ylva Magnusson said meatballs from the same batch had gone out to Slovakia, Hungary, France, Britain, Portugal, the Netherlands, Belgium, Spain, Italy, Greece, Cyprus and Ireland.  Magnusson said meatballs from that batch were taken off the shelves in Ikea stores in all those countries.  Other shipments of meatballs were not affected, including to the U.S., even though they all come from the same Swedish supplier, Magnusson said.

“Our global recommendation is to not recall or stop selling meatballs,” she said.

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Boscov’s Adds Furniture Line, Eliminates Appliances

English: Boscov's Department Store in the Exto...

English: Boscov’s Department Store in the Exton Square Mall. Built c. 1998 as an expansion to the mall, it displaced the Zook House which was on the NRHP in Chester County, PA (Photo credit: Wikipedia)

Boscov’s is eliminating its section of appliances and electronics in its more than 40 stores and using the space to grow its furniture selections.

Albert R. Boscov, chairman of Boscov’s Department Stores Inc., said the furniture business is seeing growth, while sales of products such as televisions are not.

With high competition from stores that specialize in electronics, such as Best Buy, Boscov said the company is going to stick to what it does well.

Boscov’s is one of the last department stores that sell appliances, he said, selling those products longer than some of its competitors.

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