Afternoon Coffee: Airplane Orders Boost Durable Goods Data, Fiat Chrysler Faces Record High Fine Kaitlyn McAvoy - July 27, 2015 12:16 PM | Categories: Afternoon Coffee | Tags: General News Durable good orders rose 3.4% in the US during June, due in large part to the increase of orders for passenger airplanes. Transportation orders aside, overall orders rose 0.8%, which was the largest increase since August 2014. The National Highway Traffic Safety Administration has imposed a civil penalty fine of $105 million on Fiat Chrysler for failing to adequately complete recalls for 11 million vehicles. The fine is the largest ever given to a car maker for recall violations. Factory activity in China recently hit a 15-month low, prompting the country’s State Council to release a list of measures it plans to take improve its trade sector. For example, China plans to increase imports and exports and remove trade-related fees. US energy companies will lay off more workers and look to sell more assets in response to crude oil prices falling below $50 a barrel. For instance, Halliburton and Baker Hughes announced 27,000 job cuts between the 2 companies, double the layoffs they announced in February. SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.