Us_economy Head lines
Summary Box: Recovery loses traction in the spring
(AP)
AP - RECOVERY LOSES SPEED: The economy grew at a 2.4 percent pace this spring, its most sluggish showing in nearly a year. Growth is probably even slower now, economists said.
Pubished :Fri, 30 Jul 2010 19:13:41 GMT( 6 hours ago )
AP - RECOVERY LOSES SPEED: The economy grew at a 2.4 percent pace this spring, its most sluggish showing in nearly a year. Growth is probably even slower now, economists said.
Pubished :Fri, 30 Jul 2010 19:13:41 GMT( 6 hours ago )
The government's revisions to GDP, at a glance
(AP)
AP - A look at the government's revisions to gross domestic product on a quarterly basis. GDP measures the value of all goods and services made in the United States. It is the best gauge of the nation's economic health. The first number is the new estimate of GDP growth, the second number the old estimate.
Pubished :Fri, 30 Jul 2010 19:08:52 GMT( 6 hours ago )
AP - A look at the government's revisions to gross domestic product on a quarterly basis. GDP measures the value of all goods and services made in the United States. It is the best gauge of the nation's economic health. The first number is the new estimate of GDP growth, the second number the old estimate.
Pubished :Fri, 30 Jul 2010 19:08:52 GMT( 6 hours ago )
Obama defends economy, takes wheel of electric car
(AFP)
AFP - President Barack Obama took to the wheel of a new electric car Friday on a Detroit-area tour of the revitalized auto industry, touting his economic policies but urging the need to do more.
Pubished :Fri, 30 Jul 2010 20:56:43 GMT( 5 hours ago )
AFP - President Barack Obama took to the wheel of a new electric car Friday on a Detroit-area tour of the revitalized auto industry, touting his economic policies but urging the need to do more.
Pubished :Fri, 30 Jul 2010 20:56:43 GMT( 5 hours ago )
ALL BUSINESS: A bright spot in a tough economy
(AP)
AP - FedEx Corp. is reversing one of the uglier corporate trends of the recession: Starting in January, it will restore matching contributions to its employees' 401(k) plans. For some workers, that means retiring with tens of thousands more dollars socked away.
Pubished :Fri, 30 Jul 2010 15:56:53 GMT( 10 hours ago )
AP - FedEx Corp. is reversing one of the uglier corporate trends of the recession: Starting in January, it will restore matching contributions to its employees' 401(k) plans. For some workers, that means retiring with tens of thousands more dollars socked away.
Pubished :Fri, 30 Jul 2010 15:56:53 GMT( 10 hours ago )
House takes up oil spill legislation
(AP)
AP - The House debated a bill Friday to boost safety standards for offshore drilling, remove a federal cap on economic liability for oil spills, and impose new fees on oil and gas taken from federal lands.
Pubished :Fri, 30 Jul 2010 21:48:51 GMT( 4 hours ago )
AP - The House debated a bill Friday to boost safety standards for offshore drilling, remove a federal cap on economic liability for oil spills, and impose new fees on oil and gas taken from federal lands.
Pubished :Fri, 30 Jul 2010 21:48:51 GMT( 4 hours ago )
Regulators close small Georgia bank
(AP)
AP - Regulators have shut down a small bank in Georgia, lifting to 104 the number of U.S. banks to fail this year as the industry has struggled to cope with mounting loan defaults and recession.
Pubished :Fri, 30 Jul 2010 21:38:01 GMT( 4 hours ago )
AP - Regulators have shut down a small bank in Georgia, lifting to 104 the number of U.S. banks to fail this year as the industry has struggled to cope with mounting loan defaults and recession.
Pubished :Fri, 30 Jul 2010 21:38:01 GMT( 4 hours ago )
Bernanke recouped personal losses in 2009
(Reuters)
Reuters - Federal Reserve Chairman Ben Bernanke's personal finances recovered in 2009, disclosure forms released by the central bank on Friday showed.
Pubished :Fri, 30 Jul 2010 21:25:27 GMT( 4 hours ago )
Reuters - Federal Reserve Chairman Ben Bernanke's personal finances recovered in 2009, disclosure forms released by the central bank on Friday showed.
Pubished :Fri, 30 Jul 2010 21:25:27 GMT( 4 hours ago )
Chicago exploring lease options for Midway Airport
(Reuters)
Reuters - Fifteen months after a deal to lease Midway Airport to private operators fizzled out in a poor economy, the city of Chicago continues to keep its options for a future lease deal open.
Pubished :Fri, 30 Jul 2010 21:14:25 GMT( 4 hours ago )
Reuters - Fifteen months after a deal to lease Midway Airport to private operators fizzled out in a poor economy, the city of Chicago continues to keep its options for a future lease deal open.
Pubished :Fri, 30 Jul 2010 21:14:25 GMT( 4 hours ago )
Imports slow Q2 growth as business spending surges
(Reuters)
Reuters - U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
Pubished :Fri, 30 Jul 2010 21:06:04 GMT( 5 hours ago )
Reuters - U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
Pubished :Fri, 30 Jul 2010 21:06:04 GMT( 5 hours ago )
Bleak outlook for economy as growth slows
(AP)
AP - The economy is still growing, just not by much. And until that changes, don't look for the jobs to come back.
Pubished :Fri, 30 Jul 2010 20:53:39 GMT( 5 hours ago )
AP - The economy is still growing, just not by much. And until that changes, don't look for the jobs to come back.
Pubished :Fri, 30 Jul 2010 20:53:39 GMT( 5 hours ago )
Obama hails news economy growing, wants more
(Reuters)
Reuters - President Barack Obama said on Friday he welcomed news that the U.S. economy grew by 2.4 percent in the second quarter, but said more work was needed to increase that growth rate and generate jobs.
Pubished :Fri, 30 Jul 2010 20:50:35 GMT( 5 hours ago )
Reuters - President Barack Obama said on Friday he welcomed news that the U.S. economy grew by 2.4 percent in the second quarter, but said more work was needed to increase that growth rate and generate jobs.
Pubished :Fri, 30 Jul 2010 20:50:35 GMT( 5 hours ago )
Oil prices settle near $79
(AP)
AP - Energy prices settled higher on a day of uneven trading after the government said the economic recovery slowed during the second quarter as consumers conserved their money.
Pubished :Fri, 30 Jul 2010 19:31:27 GMT( 6 hours ago )
AP - Energy prices settled higher on a day of uneven trading after the government said the economic recovery slowed during the second quarter as consumers conserved their money.
Pubished :Fri, 30 Jul 2010 19:31:27 GMT( 6 hours ago )
On the Call: AEP Chairman-CEO Michael Morris
(AP)
AP - Power companies have struggled since the recession with soft demand, particularly from the industrial sector, where they have some of their biggest customers. American Electric Power Inc.'s chairman and CEO, Michael Morris, said demand from those clients was up during the second quarter. Credit Suisse analyst Daniel Eggers wanted to know if it's a trend that has legs.
Pubished :Fri, 30 Jul 2010 15:27:12 GMT( 10 hours ago )
AP - Power companies have struggled since the recession with soft demand, particularly from the industrial sector, where they have some of their biggest customers. American Electric Power Inc.'s chairman and CEO, Michael Morris, said demand from those clients was up during the second quarter. Credit Suisse analyst Daniel Eggers wanted to know if it's a trend that has legs.
Pubished :Fri, 30 Jul 2010 15:27:12 GMT( 10 hours ago )
Dollar sinks to 8-month low vs yen as growth slows
(AP)
AP - Weakening U.S. economic growth and worried comments from Federal Reserve officials drove the dollar to an 8-month low Friday against the Japanese yen.
Pubished :Fri, 30 Jul 2010 15:23:41 GMT( 10 hours ago )
AP - Weakening U.S. economic growth and worried comments from Federal Reserve officials drove the dollar to an 8-month low Friday against the Japanese yen.
Pubished :Fri, 30 Jul 2010 15:23:41 GMT( 10 hours ago )
US growth slows fueling recovery fears
(AFP)
AFP - US economic growth slowed dramatically to 2.4 percent in the second quarter of this year, the Commerce Department said Friday, prompting fears the recovery is losing steam.
Pubished :Fri, 30 Jul 2010 15:05:58 GMT( 11 hours ago )
AFP - US economic growth slowed dramatically to 2.4 percent in the second quarter of this year, the Commerce Department said Friday, prompting fears the recovery is losing steam.
Pubished :Fri, 30 Jul 2010 15:05:58 GMT( 11 hours ago )
Oil prices slip on US growth slowdown
(AFP)
AFP - World oil prices fell Friday as traders digested news of a sharp economic slowdown in leading energy consumer the United States.
Pubished :Fri, 30 Jul 2010 15:03:17 GMT( 11 hours ago )
AFP - World oil prices fell Friday as traders digested news of a sharp economic slowdown in leading energy consumer the United States.
Pubished :Fri, 30 Jul 2010 15:03:17 GMT( 11 hours ago )
Recession was deeper than gov't previously thought
(AP)
AP - The recession was deeper than the government previously thought.
Pubished :Fri, 30 Jul 2010 12:34:03 GMT( 13 hours ago )
AP - The recession was deeper than the government previously thought.
Pubished :Fri, 30 Jul 2010 12:34:03 GMT( 13 hours ago )
Fed's Bullard: Fed would act if recovery fails
(Reuters)
Reuters - St. Louis Federal Reserve Bank President James Bullard on Friday said there is unanimity among officials on the central bank's policy-setting panel over providing more support to the economy if the recovery suffers a serious setback.
Pubished :Fri, 30 Jul 2010 11:56:54 GMT( 14 hours ago )
Reuters - St. Louis Federal Reserve Bank President James Bullard on Friday said there is unanimity among officials on the central bank's policy-setting panel over providing more support to the economy if the recovery suffers a serious setback.
Pubished :Fri, 30 Jul 2010 11:56:54 GMT( 14 hours ago )
Airbus to boost output as outlook brightens
(Reuters)
Reuters - Airbus parent EADS made sweeping increases in its financial forecasts on Thursday and pledged to increase jetliner production after a spate of new orders raised hopes of an end to a steep industry recession.
Pubished :Fri, 30 Jul 2010 09:14:07 GMT( 16 hours ago )
Reuters - Airbus parent EADS made sweeping increases in its financial forecasts on Thursday and pledged to increase jetliner production after a spate of new orders raised hopes of an end to a steep industry recession.
Pubished :Fri, 30 Jul 2010 09:14:07 GMT( 16 hours ago )
More Japan workers lose jobs, factory output falls
(AP)
AP - Japan received a sobering reminder Friday of its fragile recovery: The jobless rate rose, deflation deepened, and factories made fewer cars and mobile phones.
Pubished :Fri, 30 Jul 2010 09:04:39 GMT( 17 hours ago )
AP - Japan received a sobering reminder Friday of its fragile recovery: The jobless rate rose, deflation deepened, and factories made fewer cars and mobile phones.
Pubished :Fri, 30 Jul 2010 09:04:39 GMT( 17 hours ago )
IMF backs more stimulus to help slow US recovery
(AFP)
AFP - The International Monetary Fund on Friday said more stimulus spending might be needed to aid a slow US economic recovery, wading into a toughly-fought political debate in Washington.
Pubished :Fri, 30 Jul 2010 04:48:33 GMT( 21 hours ago )
AFP - The International Monetary Fund on Friday said more stimulus spending might be needed to aid a slow US economic recovery, wading into a toughly-fought political debate in Washington.
Pubished :Fri, 30 Jul 2010 04:48:33 GMT( 21 hours ago )
Summary Box: Fed mulls ways to rev up growth
(AP)
AP - WHAT TO DO? Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery.
Pubished :Fri, 30 Jul 2010 02:51:07 GMT( 23 hours ago )
AP - WHAT TO DO? Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery.
Pubished :Fri, 30 Jul 2010 02:51:07 GMT( 23 hours ago )
Fed's Bullard: deflation risk has risen
(Reuters)
Reuters - St. Louis Federal Reserve Bank President James Bullard said the risk of deflation in the United States has risen somewhat compared with the beginning of this year, the Nikkei newspaper reported.
Pubished :Fri, 30 Jul 2010 01:24:01 GMT( 24 hours ago )
Reuters - St. Louis Federal Reserve Bank President James Bullard said the risk of deflation in the United States has risen somewhat compared with the beginning of this year, the Nikkei newspaper reported.
Pubished :Fri, 30 Jul 2010 01:24:01 GMT( 24 hours ago )
Interpublic 2Q results surpass analyst views
(AP)
AP - Interpublic Group of Cos., a marketing conglomerate, on Thursday reported second-quarter results above analyst estimates — the latest indication that companies are growing more comfortable spending on advertising as the economy recovers.
Pubished :Thu, 29 Jul 2010 19:00:36 GMT
AP - Interpublic Group of Cos., a marketing conglomerate, on Thursday reported second-quarter results above analyst estimates — the latest indication that companies are growing more comfortable spending on advertising as the economy recovers.
Pubished :Thu, 29 Jul 2010 19:00:36 GMT
Cuba: Deficit lower than expected for 2010
(AP)
AP - Cuba says its budget deficit came in far below forecasts in the first half of 2010, evidence that tax increases and deep spending cuts on food imports may be helping the communist government weather a severe economic crunch.
Pubished :Thu, 29 Jul 2010 17:58:22 GMT
AP - Cuba says its budget deficit came in far below forecasts in the first half of 2010, evidence that tax increases and deep spending cuts on food imports may be helping the communist government weather a severe economic crunch.
Pubished :Thu, 29 Jul 2010 17:58:22 GMT
Fed's Bullard: buy more Treasuries if prices dip
(Reuters)
Reuters - The Federal Reserve should consider buying more Treasury securities, instead of promising an extended period of low rates to support recovery, should inflation drift lower, a top Fed official said.
Pubished :Thu, 29 Jul 2010 16:52:42 GMT
Reuters - The Federal Reserve should consider buying more Treasury securities, instead of promising an extended period of low rates to support recovery, should inflation drift lower, a top Fed official said.
Pubished :Thu, 29 Jul 2010 16:52:42 GMT
Fed officials clash on need for more stimulus
(Reuters)
Reuters - Federal Reserve officials clashed on Thursday over whether the central bank should be more aggressive in supporting the stumbling economy and one said the Fed's current policy may be contributing to worryingly low levels of inflation.
Pubished :Thu, 29 Jul 2010 21:40:47 GMT
Reuters - Federal Reserve officials clashed on Thursday over whether the central bank should be more aggressive in supporting the stumbling economy and one said the Fed's current policy may be contributing to worryingly low levels of inflation.
Pubished :Thu, 29 Jul 2010 21:40:47 GMT
Debate intensifies in Fed over economy
(AP)
AP - Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery, with momentum growing for a concrete plan to prevent a backslide into recession.
Pubished :Thu, 29 Jul 2010 21:26:48 GMT
AP - Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery, with momentum growing for a concrete plan to prevent a backslide into recession.
Pubished :Thu, 29 Jul 2010 21:26:48 GMT
US Fed official warns of 'Japanese-style' stagnation
(AFP)
AFP - The US economy risks "Japanese-style" stagnation, a top Federal Reserve official warned Thursday, as a key economic report was expected to show the recovery is losing pace.
Pubished :Thu, 29 Jul 2010 21:19:17 GMT
AFP - The US economy risks "Japanese-style" stagnation, a top Federal Reserve official warned Thursday, as a key economic report was expected to show the recovery is losing pace.
Pubished :Thu, 29 Jul 2010 21:19:17 GMT
AZ, FL, UT, VT to get Air Force's new F-35 fighter
(AP)
AP - The U.S. Air Force has chosen bases in Arizona, Florida, Utah and Vermont as homes for the military's F-35 Joint Strike Fighter, prompting applause from officials banking on the pricey new combat jets to supercharge their communities' economies.
Pubished :Thu, 29 Jul 2010 21:03:01 GMT
AP - The U.S. Air Force has chosen bases in Arizona, Florida, Utah and Vermont as homes for the military's F-35 Joint Strike Fighter, prompting applause from officials banking on the pricey new combat jets to supercharge their communities' economies.
Pubished :Thu, 29 Jul 2010 21:03:01 GMT
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