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US automakers sow worry on future as discounts prop sales

Bloomberg Carmakers extended a streak of strong US sales by slathering on the incentives and pumping up deliveries to fleet customers in 2019, calling into question whether the companies can maintain momentum into the new decade. While industrywide deliveries exceeded 17 million for an unprecedented fifth consecutive year, sales slowed in the final months of 2019. General Motors Co and ...

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US factory gauge hits 10-year low amid global slowdown

Bloomberg US manufacturing closed out a tumultuous year with the weakest monthly performance since the end of the recession, with orders shrinking and factories continuing to dial back production. The Institute for Supply Management’s purchasing managers’ index fell to 47.2 in December, 2019 from 48.1, the fifth straight month of contraction and missing estimates for a rise in a Bloomberg ...

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Apollo-backed security firm in talks for debt restructuring

Bloomberg Constellis Holdings LLC, a security contractor backed by Apollo Global Management Inc, is in talks with creditors on a deal to restructure its $1 billion of debt, according to people with knowledge of the discussions. The firm, which has provided some security services around the US embassy complex in Iraq — the site of anti-American protests this week — ...

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