"Horrible" year off to start for German industry

German industrial orders dropped more than expected in January due to weaker overseas demand, signaling that Europe's largest economy may slow down in the coming months. Commentators cautioned against drawing too many conclusions from a single month's data, as factory closures over the holidays lasted well into January. The Federal Statistics Office said on Thursday that following a downwardly revised increase of 3.0 percent in Decembe....