Cimatron Limited (CIMT), an Israeli provider of computer-aided design and manufacturing (CAD/CAM) solutions for the toolmaking and manufacturing industries, reported second quarter 2008 financial results this afternoon after the close. Revenues rose to $10.7 million, an increase of 94% year-over-year from $5.5 million.

Output in November drops 0.1 per cent, prompting warnings that the manufacturing sector is heading to recession

U.S. Economic data in the first week of the New Year spelled T-R-O-U-B-L-E for both the US economy and the stock market. The December ISM report on January 2nd showed the manufacturing sector joining the housing and financial sectors already in recessionary territory.