U.S. factory orders rose 2.8% in July

Orders to U.S. companies rose in July, reflecting strong demand for autos and commercial aircraft. The Commerce Department says factory orders jumped 2.8 per cent in the previous month, after erasing 0.5 per cent in June, posting a biggest rise in one year period.  In the meanwhile, core capital goods orders plunged 0.5 per cent in the same month.