Daily News: November 19, 2012

WSJ: U.S. Companies Cut Spending Plans

The Wall Street Journal reported that U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.

The article said nationwide, business investment in equipment and software – a measure of economic vitality in the corporate sector -stalled in the third quarter for the first time since early 2009.

To read the full WSJ article click here.