Economy News
Articles 121 - 130 of most recent articles
Bank of America, Wells close mergers as banking transformsReuters - Bank of America Corp completed its purchase of Merrill Lynch & Co and Wells Fargo & Co finished buying Wachovia Corp, the latest sea changes in a transformed banking industry facing dire economic times ahead.
Yahoo! – Jan 1, 2009 4:38 PM [GMT] – comment?
Oil Prices Keep Dropping Despite Production Cuts
Oil producers are about to reduce output, and tensions are growing in the Middle East. Such developments usually tend to drive up oil prices, but the global economic recession is becoming so severe that energy consumption keeps falling. Oil prices are down more than 70 percent since last July.
NPR.org – Jan 1, 2009 1:05 PM [GMT] – comment?
Oil producers are about to reduce output, and tensions are growing in the Middle East. Such developments usually tend to drive up oil prices, but the global economic recession is becoming so severe that energy consumption keeps falling. Oil prices are down more than 70 percent since last July.
NPR.org – Jan 1, 2009 1:05 PM [GMT] – comment?
Economic Downturn Hurts Trash Haulers
Allied Waste Management, a garbage collector in St. George, Utah, says its clients aren't throwing out as much as they used to. The company says trash tonnage is down 10 percent to 15 percent. St. George has seen an increase in new homes, but many of them are empty. The garbage truck drivers ar ... more »
NPR.org – Jan 1, 2009 1:05 PM [GMT] – comment?
Allied Waste Management, a garbage collector in St. George, Utah, says its clients aren't throwing out as much as they used to. The company says trash tonnage is down 10 percent to 15 percent. St. George has seen an increase in new homes, but many of them are empty. The garbage truck drivers ar ... more »
NPR.org – Jan 1, 2009 1:05 PM [GMT] – comment?
Slow Sales Mean Big Business For Some Liquidators
As retailers suffer through a dismal holiday season, some companies that specialize in offloading inventory are seeing green. Consumers have been spending less, leaving more merchandise on store shelves and more warehouses stocked up.
NPR.org – Jan 1, 2009 05:01 AM [GMT] – comment?
As retailers suffer through a dismal holiday season, some companies that specialize in offloading inventory are seeing green. Consumers have been spending less, leaving more merchandise on store shelves and more warehouses stocked up.
NPR.org – Jan 1, 2009 05:01 AM [GMT] – comment?
Treasury Maintains Leeway in Auto Aid
The Treasury Department has given itself wide latitude in aiding U.S. automakers under formal guidelines published yesterday for its bailout of the industry.
Washington Post – Jan 1, 2009 05:00 AM [GMT] – comment?
The Treasury Department has given itself wide latitude in aiding U.S. automakers under formal guidelines published yesterday for its bailout of the industry.
Washington Post – Jan 1, 2009 05:00 AM [GMT] – comment?
'08: Our Date With Disaster
When did 2008 begin? Was it Oct. 14, when the federal government spent the first dollar of taxpayer money to buy into private banks, effectively changing the principles of the U.S. economy? Was it Sept. 21, when Treasury secretary Hank M. Paulson Jr. gave Congress a three-page plea for $700 billi...
Washington Post – Jan 1, 2009 05:00 AM [GMT] – comment?
When did 2008 begin? Was it Oct. 14, when the federal government spent the first dollar of taxpayer money to buy into private banks, effectively changing the principles of the U.S. economy? Was it Sept. 21, when Treasury secretary Hank M. Paulson Jr. gave Congress a three-page plea for $700 billi...
Washington Post – Jan 1, 2009 05:00 AM [GMT] – comment?
Japan leader vows to pull Japan out of recession
AP - Japanese Prime Minister Taro Aso vowed to turn around the ailing economy Thursday, promising to make his nation the world's first to emerge from the global recession.
Yahoo! – Jan 1, 2009 03:52 AM [GMT] – comment?
AP - Japanese Prime Minister Taro Aso vowed to turn around the ailing economy Thursday, promising to make his nation the world's first to emerge from the global recession.
Yahoo! – Jan 1, 2009 03:52 AM [GMT] – comment?
Obama to tap Princeton's Rouse for econ council
Reuters - President-elect Barack Obama is expected to name Cecilia Rouse, a Princeton University labor economist, to the Council of Economic Advisers, an aide with the Obama transition office said on Wednesday.
Yahoo! – Dec 31, 2008 10:52 PM [GMT] – comment?
Reuters - President-elect Barack Obama is expected to name Cecilia Rouse, a Princeton University labor economist, to the Council of Economic Advisers, an aide with the Obama transition office said on Wednesday.
Yahoo! – Dec 31, 2008 10:52 PM [GMT] – comment?
California governor offers new budget fix plan
Reuters - California Gov. Arnold Schwarzenegger on Wednesday proposed closing a $42 billion budget gap by shortening the school year, borrowing nearly $5 billion, raising the sales tax and tapping the state lottery.
Yahoo! – Dec 31, 2008 10:52 PM [GMT] – comment?
Reuters - California Gov. Arnold Schwarzenegger on Wednesday proposed closing a $42 billion budget gap by shortening the school year, borrowing nearly $5 billion, raising the sales tax and tapping the state lottery.
Yahoo! – Dec 31, 2008 10:52 PM [GMT] – comment?
Jobless claims data paint bleak picture for 2009AP - The number of laid-off workers continuing to draw unemployment benefits bolted to 4.5 million in late December, and even more Americans are expected to join the ranks of the jobless in 2009.
Yahoo! – Dec 31, 2008 9:39 PM [GMT] – comment?
