Economy News
Economic growth likely slowed in second quarter
AP - The already fragile economic recovery may be getting weaker.
5 hours, 3 minutes ago
IMF backs more stimulus to help slow US recovery
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.
5 hours, 23 minutes ago
More Japan workers lose jobs, factory output falls
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.
5 hours, 25 minutes ago
Summary Box: Fed mulls ways to rev up growth
AP - WHAT TO DO? Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery.
7 hours, 21 minutes ago
Fed's Bullard: deflation risk has risen
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.
8 hours, 48 minutes ago
Republicans block small business plan in Senate
Reuters - Senate Republicans blocked a $30-billion plan to help community banks boost lending to small businesses, dealing a blow to President Barack Obama's election-year battle to reduce unemployment.
10 hours, 33 minutes ago
New York Fed: Toxic assets from AIG gaining value
AP - The Federal Reserve Bank of New York says toxic assets that the government took over from American International Group Inc. and Bear Stearns at the height of the financial crisis are gaining value for the first time.
12 hours, 9 minutes ago
AZ, FL, UT, VT to get Air Force's new F-35 fighter
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.
12 hours, 13 minutes ago
Business Highlights
AP - Initial jobless claims drop to 457,000
12 hours, 30 minutes ago
Debate intensifies in Fed over economy
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.
12 hours, 45 minutes ago
A look at global economic developments
AP - A look at economic developments and activity in major stock markets around the world Thursday:
13 hours, 18 minutes ago
Summary Box: Initial jobless claims drop
AP - JOBLESS CLAIMS DROP: New requests for unemployment benefits dropped last week by 11,000 to 457,000, the third drop in four weeks.
13 hours, 23 minutes ago
Dollar hits 11-week low vs euro on recovery fears
AP - The dollar slid to its lowest level against the euro in nearly three months Thursday amid mounting concerns about the U.S. economy at a time when European indicators are improving.
14 hours, 27 minutes ago
Stocks regain ground as market stays on bumpy path
NEW YORK -- Stocks held on to a tentative advance late Thursday as investors tried to reconcile another batch of conflicting economic signals. Gross domestic product - Business - Investing - Stocks and Bonds - Equities
14 hours, 37 minutes ago
On the Call: Goodyear President-CEO Richard Kramer
AP - Tire inventories dwindled during the recession with money so tight. J.P. Morgan analyst Himanshu Patel asked Goodyear executives on Thursday to discuss the commercial truck inventory situation. Goodyear's president and CEO, Richard J. Kramer, said re ...
15 hours, 2 minutes ago
Fed official eyes revival of crisis-era program
WASHINGTON -- The Federal Reserve should revive a crisis-era program to buy government debt if the country seems headed toward a bout with deflation, a Fed official said Thursday. United States - Federal Reserve System - Government debt - Economy - Centra ...
15 hours, 2 minutes ago
Interpublic 2Q results surpass analyst views
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.
15 hours, 11 minutes ago
Cuba: Deficit lower than expected for 2010
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.
16 hours, 13 minutes ago
Fed's Bullard: buy more Treasuries if prices dip
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.
17 hours, 19 minutes ago
Federal-Mogul 2Q profit jumps; revenue up 23 pct.
AP - Vehicle parts maker Federal-Mogul Corp. reported a $49 million profit for the second quarter on Thursday as the company capitalized on its global restructuring while the auto industry continued to recover from the recession.
18 hours, 34 minutes ago
