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Business Spending Rises as U.S. Profits Grow: Economy

The outlook for U.S. business spending is improving as rising earnings, easier credit and pent-up demand prompt companies from Warren Buffett’s Berkshire Hathaway Inc. to Chrysler Group LLC and Lowe’s Cos. to expand.

Orders for non-military capital goods excluding aircraft, considered a proxy for future business spending on equipment and software, climbed 7.2 percent in January from the prior month, the biggest gain since September 2004, revised data from the Commerce Department showed today. They’re up 9.8 percent since November, the most for a three-month period since 1993.