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Stocks Mixed as American Manufacturing Slows

U.S. stocks are closing mixed, pulled in opposite directions by bad news about American manufacturing and relief over Europe's bailout plan for its banks.

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Manufacturing
Flickr User, Bisgovuk
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US Manufacturing Shrinks for First Time in Three Years

U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.

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President Barack Obama
Chip Somodevilla, Getty Images
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Obama Pushing to Bring Back U.S. Manufacturing

President Barack Obama called Wednesday for tax cuts for American manufacturers and higher taxes for companies that move overseas, pressing what he hopes will be a winning campaign issue.

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