New orders for manufactured durable goods increased $3.7 billion in February to $277.9 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 6.9% January decrease. Excluding transportation, new orders increased 0.5%. Excluding defense, new orders increased 2.2%. Transportation equipment led the increase, $2.9 billion or 3.3% to $90.4 billion.
Republic First Bank closed in Pennsylvania
State regulators closed Republic First Bank, doing business under the Republic Bank brand, in Philadelphia, and appointed the FDIC as...