Durable-goods orders rise in January for 3rd straight month and investment rebounds

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U.S. durable-goods orders rise for third straight month

The numbers: Orders for long-lasting durable goods rose in January for the third month in a row and business investment posted the biggest increase since last summer, indicating a key segment of the economy is still expanding at a steady if unspectacular pace.

If transportation is stripped out, orders dipped 0.1% owing to decline in bookings for new cars and trucks.

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