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WASHINGTON--New orders for manufactured goods fell 0.1 percent in October from the month before, according to a report from the Commerce Department on Monday, but that was better than the 0.4 percent decline expected in a consensus estimate from analysts. This latest performance followed an upwardly revised September hike of 1.7 percent.

FORKS TOWNSHIP, PA--Mechanic pipe-joining-systems manufacturer Victaulic is investing tens of millions of dollars over the next two years to increase and modernize its operations here, according to John Malloy, president and CEO. The company is adding a second shift in 2018 that will create 45 to 50 new jobs.

WASHINGTON--The U.S. manufacturing sector has weathered a bumpy road over the course of the past two decades, but successfully righting the country's industrial ship would mean an economic windfall of $530 billion, according to a new report from The McKinsey Global Institute.