Latest headlines in Economy News
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Correction: Earns-Starbucks story(AP) (Yahoo U.S. Economy 2012-01-27 20:46:23)
AP - The Associated Press, relying on information supplied by a company executive, erroneously reported Jan. 26 that Starbucks Corp. in its fiscal first quarter had its biggest quarterly revenue gain since 2007. It was the company's biggest quarterly revenue gain since the fourth-quarter of 2010.
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Economic growth for the past 4 years, at a glance(AP) (Yahoo U.S. Economy 2012-01-27 20:37:29)
AP - Economic growth for the past 4 years, at a glance
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Euro rises to 6-week high against dollar(AP) (Yahoo U.S. Economy 2012-01-27 20:36:00)
AP - The euro jumped to a six-week high against the dollar after a European official said that Greece is close to reaching a deal with creditors to lower its debt.
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Occupy protesters barred from camping in DC squares(Reuters) (Yahoo U.S. Economy 2012-01-27 18:45:04)
Reuters - The National Park Service will bar Occupy DC protesters from camping in the two parks where have been living since October, in a blow to one of the highest-profile chapters of the movement denouncing economic inequality.
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Fitch downgrades credit ratings for 5 EU nations(AP) (Yahoo U.S. Economy 2012-01-27 18:29:26)
AP - U.S. ratings agency Fitch says it is downgrading the credit ratings for five European nations including leading economic heavyweights Italy and Spain.
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Oil price waver on Persian Gulf supply concerns(AP) (Yahoo U.S. Economy 2012-01-27 18:07:19)
AP - Oil prices moved in a narrow range Friday as Iran prepared to consider a ban on crude sales to European Union countries.
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Dollar falls on US growth data(AP) (Yahoo U.S. Economy 2012-01-27 17:16:01)
AP - The dollar is falling against most other currencies after the government said that the U.S. economy grew at a slower pace in the fourth quarter than economists had expected.
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Economy grew 2.8 pct. in Q4, but outlook is hazy(AP) (Yahoo U.S. Economy 2012-01-27 16:54:53)
AP - The economy grew late last year at a pace that in normal times would suggest it's healthy.
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Oil price rises on Persian Gulf supply concerns(AP) (Yahoo U.S. Economy 2012-01-27 16:29:55)
AP - Oil prices are rising as Iran prepares to consider a ban on crude sales to European Union countries.
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Reuters Magazine: Chrystia Freeland: The one percent war(Reuters) (Yahoo U.S. Economy 2012-01-27 16:10:37)
Reuters - When Anders Aslund, a Swedish economist who has studied and advised most of the leaders in the former Soviet Union, visited Kiev in late 2004, at the height of the Orange Revolution, he returned to his office in Washington, D.C., with a surprising observation.
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U.S. growth quickens, but speed bumps ahead(Reuters) (Yahoo U.S. Economy 2012-01-27 15:55:54)
Reuters - The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of business spending hinted at softer growth early this year.
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Economy grew modest 2.8 pct. in Q4, best in 2011(AP) (Yahoo U.S. Economy 2012-01-27 15:11:06)
AP - The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011.
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Geithner presses Europe to increase crisis firewall(Reuters) (Yahoo U.S. Economy 2012-01-27 14:59:42)
Reuters - U.S. Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the United States' economic upturn.
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Gov. pitching Conn. to business leaders in Davos(AP) (Yahoo U.S. Economy 2012-01-27 14:54:06)
AP - Gov. Dannel P. Malloy says he's pitching Connecticut as a good place to do business at the World Economic Forum's annual meeting in Davos, Switzerland.
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Oil gives up gains after US GDP lags estimates(AP) (Yahoo U.S. Economy 2012-01-27 14:33:57)
AP - Oil prices are flat with a report showed the U.S. economy grew at a slightly slower than expected pace in the fourth quarter.
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Unemployment up in 5 Ill. metro areas, down in 5(AP) (Yahoo U.S. Economy 2012-01-27 14:29:00)
AP - Unemployment dropped in five of Illinois' 12 metro areas and increased in five others during December when compared to a year earlier.
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Instant view: U.S. growth quickens in Q4, but speed-bumps ahead(Reuters) (Yahoo U.S. Economy 2012-01-27 14:16:41)
Reuters - The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a strong rebuilding of stocks by businesses and weak spending on capital goods hinted at slower growth in early 2012.
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U.S. growth quickens in Q4, but speed-bumps ahead(Reuters) (Yahoo U.S. Economy 2012-01-27 14:15:09)
Reuters - The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of spending on capital goods hinted at softer growth early this year.
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Polish economy grows 4.3 percent in 2011(AP) (Yahoo U.S. Economy 2012-01-27 11:34:38)
AP - Despite the European debt crisis, Poland's economy grew a brisk 4.3 percent in 2011, even more than its strong 3.9 percent growth rate for 2010.
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U.S. growing at 2-3 percent rate: Geithner(Reuters) (Yahoo U.S. Economy 2012-01-27 11:11:18)
Reuters - The U.S. economy is growing at 2-3 percent but still faces big challenges to repair damage wrought by the financial crisis, Treasury Secretary Timothy Geithner said on Friday.