Economy News
Articles 11 - 20 of most recent articles
US service sector improves slightly in Dec.AP - A measure of the U.S. services sector improved slightly in December, beating analysts' estimates, but pending home sales and factory orders both fell more than expected and the overall economic outlook remains grim.
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BlackRock's Doll sees solid 2009 U.S. stocks gainsReuters - The U.S. stock market could gain as much 12 percent in 2009 from current levels, despite a recession that will last at least into the first half of the year, a top executive with asset manager BlackRock said on Tuesday.
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Gov't projects $6.5M in bailout costs through Jan.
AP - The government estimated Tuesday that it will spend $6.5 million by the end of January in salaries and other administrative costs for the $700 billion financial rescue program.
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AP - The government estimated Tuesday that it will spend $6.5 million by the end of January in salaries and other administrative costs for the $700 billion financial rescue program.
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Goody's Family Clothing to liquidate stores
Reuters - Goody's Family Clothing, a privately held apparel retail chain which emerged from bankruptcy in October, plans to liquidate its remaining stores as the U.S. economic recession has undermined its ability to continue operating.
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Reuters - Goody's Family Clothing, a privately held apparel retail chain which emerged from bankruptcy in October, plans to liquidate its remaining stores as the U.S. economic recession has undermined its ability to continue operating.
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Wealth of U.S. millionaires down 30 percent: surveyReuters - American millionaires have seen their assets shrink by 30 percent during the economic crisis, a report said on Tuesday, with only 36 percent of them pleased with the performance of their financial advisers.
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November factory orders drop more than expectedReuters - New orders received by U.S. factories plunged a much-greater-than-expected 4.6 percent in November, the fourth straight monthly decline and a sign the sharp drop in manufacturing is deepening the recession, a government report showed on Tuesday.
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Brazil industrial output falls on slowing economy
AP - Brazilian industrial production fell the most in seven years in November as the global financial crisis sapped credit and demand for exports, the government said Tuesday.
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AP - Brazilian industrial production fell the most in seven years in November as the global financial crisis sapped credit and demand for exports, the government said Tuesday.
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Services index shows less contraction in December
AP - An index of activity in the U.S. services sector contracted at a slower pace in December as new orders and employment improved.
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AP - An index of activity in the U.S. services sector contracted at a slower pace in December as new orders and employment improved.
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Survey finds older Americans cutting spendingReuters - Older Americans are spending less on entertainment and restaurant meals as the recession forces them to focus on paying for essentials such as food, gas and medicine, a survey released on Tuesday said.
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