Economy News
Articles 31 - 40 of most recent articles
Obama seeks swift passage of fiscal packageReuters - With the economic outlook darkening, U.S. president-elect Democrat Barack Obama went to Congress two weeks before taking office to try to entice Republican support for a massive stimulus package with talk of big tax cuts.
Yahoo! – Jan 6, 2009 12:44 AM [GMT] – comment?
US auto sales plunge whopping 36 percent in Dec.AP - Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007.
Yahoo! – Jan 6, 2009 12:04 AM [GMT] – comment?
Economists seek solutions, signs of life in housingReuters - Top economists at the Allied Social Sciences Association's annual meeting have been searching -- in some cases, in vain -- for signs of life in the U.S. housing market, a key element for busting the country out of a deep economic downturn.
Yahoo! – Jan 5, 2009 11:53 PM [GMT] – comment?
Cigna to cut 1,100 jobs, citing weak economy
Reuters - Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.
Yahoo! – Jan 5, 2009 11:05 PM [GMT] – comment?
Reuters - Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.
Yahoo! – Jan 5, 2009 11:05 PM [GMT] – comment?
LDK shares slide after issues revenue warning
Reuters - Solar wafer maker LDK Solar Co Ltd warned on Monday of lower-than-expected fourth quarter and 2009 revenue, saying the global economic crisis and tight credit markets have weakened demand for solar power, sending its shares down nearly 14 percent.
Yahoo! – Jan 5, 2009 10:38 PM [GMT] – comment?
Reuters - Solar wafer maker LDK Solar Co Ltd warned on Monday of lower-than-expected fourth quarter and 2009 revenue, saying the global economic crisis and tight credit markets have weakened demand for solar power, sending its shares down nearly 14 percent.
Yahoo! – Jan 5, 2009 10:38 PM [GMT] – comment?
Fed buys MBS in latest unconventional move
Reuters - The Federal Reserve on Monday kick-started its latest unconventional program to boost the moribund economy, this time taking aim at the heart of the slumping housing market.
Yahoo! – Jan 5, 2009 10:21 PM [GMT] – comment?
Reuters - The Federal Reserve on Monday kick-started its latest unconventional program to boost the moribund economy, this time taking aim at the heart of the slumping housing market.
Yahoo! – Jan 5, 2009 10:21 PM [GMT] – comment?
Treasury provides $15B from bailout pot to 7 banks
AP - The government says it has supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund.
Yahoo! – Jan 5, 2009 9:50 PM [GMT] – comment?
AP - The government says it has supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund.
Yahoo! – Jan 5, 2009 9:50 PM [GMT] – comment?
Treasury announces $15 billion more released from rescue fund to 7 banks
AP - Treasury announces $15 billion more released from rescue fund to seven banks.
Yahoo! – Jan 5, 2009 9:37 PM [GMT] – comment?
AP - Treasury announces $15 billion more released from rescue fund to seven banks.
Yahoo! – Jan 5, 2009 9:37 PM [GMT] – comment?
Construction spending shows gains but outlook grimAP - Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing. But the outlook remains bleak as credit is tight for builders trying to stay afloat amid a recession entering its second year.
Yahoo! – Jan 5, 2009 9:31 PM [GMT] – comment?
Car sales plunge, heralding bleak 2009Reuters - Major automakers reported U.S. sales in December that plunged by more than a third, closing out the weakest year for the battered industry in over a decade and a half in its largest single market.
Yahoo! – Jan 5, 2009 9:16 PM [GMT] – comment?
