ML-Implode News - U.S. factory orders tumble, but business spending firming

New orders for U.S.-made goods recorded their biggest drop in nearly three years in July, but demand for capital goods was stronger than previously reported, pointing to a faster pace of business spending early in the third quarter.
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Orders for transportation equipment sagged 19.2 percent, the biggest drop since August 2014. That reflected a 70.8 percent dive in civilian aircraft orders. Boeing (BA.N) has reported on its website that it received only 22 aircraft orders in July, sharply down from 184 in the prior month.

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U.S. factory orders tumble, but business spending firming