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The Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products. The increase in orders for these goods, which range from toasters to aircraft that are meant to last three years or more, was above economists' expectations for a 0.5 percent rise and followed a 1.0 percent drop in May. "This is consistent with broad, increasing demand throughout the economy," said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rebounded 1.4 percent after declining 1.2 percent the prior month. The gain in the so-called core capital goods outpaced economists' expectations for only a 0.5 percent increase.
By Chine Labbé and Mathieu Bonkougou PARIS/OUAGADOUGOU (Reuters) - Poor weather was the most likely cause of the crash of an Air Algerie flight in the West African state of Mali that killed 118 people on board, French officials said on Friday. Investigators at the scene of the crash in northern Mali concluded the airliner broke apart when it hit the ground, the officials said, suggesting this meant it was unlikely to have been the victim of an attack. Sadly, there are no survivors," French President Francois Hollande told reporters. A column of 100 soldiers and 30 vehicles from the French force stationed in the region arrived early on Friday morning to secure the crash site near the northern Mali town of Gossi and to recover bodies, a Defense Ministry official said.