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Manufacturing in the United States expanded in July for the first time since February, the Institute for Supply Management reported Friday. br clear=all>

The U.S. economy lost 44,000 jobs in July, but the unemployment rate dropped to 6.2% from 6.4% as discouraged workers left the work force, the Labor Department reported Friday.

The University of Michigan said Friday that its consumer sentiment index for July increased to 90.9 from 89.7 in June. The preliminary reading for July was 90.3.

The Senate passed an outline for a sweeping national energy policy late Thursday that calls for greater use of corn-based ethanol and billions of dollars in tax measures to spur energy development and conservation, news services reported.

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OPEC members on Thursday agreed to hold oil output steady and to wait until September before making any changes in their production quotas, news services reported.

The U.S. economy performed better in the second quarter than previously estimated, the Commerce Department said Thursday, due in part to a large increase in defense spending.

The National Association of Purchasing Management-Chicago said Thursday its factory index increased to 55.9 from 52.5 in June, the highest reading in six months.

The Federal Motor Carrier Safety Administration awarded medals to Gail Toth, executive director of the New Jersey Motor Truck Association, and five FMCSA officials for special transportation-related service in the wake of the terrorist attacks of Sept. 11, 2001. br clear=all>

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