U.S. Economy: Investment Holding Up as Orders Rebound

Orders for U.S. capital equipment rebounded in August, signaling business investment is holding up better than some economists projected.

Bookings for goods like computers and communications gear climbed 4.1 percent after a 5.3 percent decline in July that was smaller than previously estimated, according to figures from the Commerce Department issued today in Washington. Another report showed sales of new homes last month held at the second-lowest level on record, indicating housing remains depressed.