Welcome to Magna Capital Group, Inc
Magna Capital Group, Inc is a full service real estate and financial services company. We provide specialized services to our clients in the areas of sales and financing of residential and commercial properties. Through our global network of relationships, we identify and implement a wide range of financial transactions. Magna Capital Group, Inc is comprised of dynamic professionals with vast experience and knowledge. The principal of the company has over 30 years of experience in the industry. Our mission is to treat our valued clients with honesty, fairness, and a first class service.
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|U.S. business spending data gives mixed signals on growth|
By Lucia Mutikani WASHINGTON (Reuters) - A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rebounded 1.4 percent after declining by a downwardly revised 1.2 percent the prior month, the Commerce Department said. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product measurement. "The weak performance in core capital goods shipments during the quarter suggests that this segment of the economy is unlikely to contribute much to economic activity," said Millan Mulraine, deputy chief economist at TD Securities in New York.