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Investor's Business Daily

| July 02, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Manufacturing Activity Stagnant

1 The ISM purchasers index edged up to 49.8 from 49.4 in May. Economists expected the index to rise above the boom-bust 50 line. But they were encouraged by gains in new orders and output. Meanwhile, construction spending unexpectedly fell 1.7%, the worst drop in a year and the 3rd straight drop. But June layoffs hit their lowest since Nov. '00. More on this page, A2

More Americans Attacked In Iraq

2President Bush said U.S. troops are needed in Iraq, even as six more were wounded. The U.S. denied responsibility for a mosque explosion that killed 10 in Fallujah. Gunmen killed the chief of Saddam Hussein's tribe in Tikrit, weeks after he disavowed Saddam. But the top U.S. official in Iraq, Paul Bremer, still sees an Iraqi interim administration by mid-July.

Notebook Sales Pass Desktops

3Sales of notebook computers accounted for 54% of spending on PCs at U.S. retail chains in May, according to a report out today by market tracker NPD Techworld. Two years ago the figure was 39%, and a year ago it was 46%. The top three notebook makers, Hewlett-Packard, Dell and Toshiba, are the main beneficiaries of the trend away from desktops. More on this page

Flat U.S. Car Sales Seen In June

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