Latest headlines in Economy News
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Regulators shut 7 banks in 5 states; 37 in 2010(AP) (Yahoo U.S. Economy 2010-03-19 22:57:10)
AP - Regulators have shut down banks seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year.
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Rising dollar hits prices of many commodities(AP) (Yahoo U.S. Economy 2010-03-19 21:44:37)
AP - A rising dollar hit prices of many commodities Friday after concerns about the global economy pushed up demand for safe assets.
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Fed must reveal data on loans to firms, court says(AP) (Yahoo U.S. Economy 2010-03-19 20:48:20)
AP - The Federal Reserve must reveal documents identifying financial companies that received Fed loans to survive the financial crisis, a federal appeals court ruled Friday.
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The four cities that best weathered the recession(AP) (Yahoo U.S. Economy 2010-03-19 19:48:20)
AP - Call them the Final Four: The four large cities that have made it through the Great Recession with the smallest increases in unemployment.
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Court orders Fed to release bailout documents(Reuters) (Yahoo U.S. Economy 2010-03-19 18:40:42)
Reuters - In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis.
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Oil settles near $80 a barrel(AP) (Yahoo U.S. Economy 2010-03-19 18:40:10)
AP - Oil prices slumped at the end of the week, tumbling Friday close to $80 a barrel as continued uncertainty about Greece's economy helped lift the dollar higher.
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US to host 2011 APEC trade talks in Montana(AFP) (Yahoo U.S. Economy 2010-03-19 17:47:08)
AFP - The United States said Friday it would host annual talks among trade ministers of 21 economies of the Asia-Pacific Economic Cooperation forum in the western state of Montana in May next year.
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Unemployment soars in U.S. metropolitan areas(Reuters) (Yahoo U.S. Economy 2010-03-19 17:25:37)
Reuters - Unemployment rates in 363 U.S. metropolitan areas rose in January, and 346 areas reported year-on-year declines in their number of jobs, the Labor Department said on Friday.
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Putin meets Clinton, complains on economy(AFP) (Yahoo U.S. Economy 2010-03-19 17:23:30)
AFP - Russian Prime Minister Vladimir Putin met US Secretary of State Hillary Clinton on Friday and used the occasion to bemoan Moscow's stalled WTO application and the state of bilateral trade.
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Appeals court rules bank loans can be disclosed(AP) (Yahoo U.S. Economy 2010-03-19 16:57:52)
AP - A federal appeals court says the Federal Reserve should reveal information to news agencies that had inquired about loans that private banks received from the 12 Federal Reserve Banks.
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Court rules for media on bailout information(Reuters) (Yahoo U.S. Economy 2010-03-19 16:44:14)
Reuters - The Federal Reserve may be required to make public some of its records on emergency lending programs to banks in the financial bailout, an appeals court ruled on Friday in cases brought by news organizations.
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Oil drops near $80 a barrel(AP) (Yahoo U.S. Economy 2010-03-19 15:44:53)
AP - Oil prices dropped Friday, tumbling close to $80 a barrel as continued uncertainty about Greece's economy helped lift the dollar higher.
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Economy drives families together under one roof(Reuters) (Yahoo U.S. Economy 2010-03-19 15:34:29)
Reuters - The recession slowed most homebuilding in the United States to a standstill but it has fueled demand for a special kind of housing: the granny flat.
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US Treasury moves against Gaza bank, TV station(AP) (Yahoo U.S. Economy 2010-03-19 14:41:26)
AP - The Treasury Department has taken action against a Gaza-based bank and television station for alleged ties to the militant Palestinian group Hamas.
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Lawmaker seeks records on Fed Board stock ownership(Reuters) (Yahoo U.S. Economy 2010-03-19 14:35:48)
Reuters - The head of the House of Representatives' Oversight Committee said on Friday he had asked the Federal Reserve to provide all documents relating to a rule waiver that allowed then-New York Fed Board Chairman Stephen Friedman to hold and purchase stock in Goldman Sachs Gorup .
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Boeing speeds production boosts on market outlook(Reuters) (Yahoo U.S. Economy 2010-03-19 14:33:44)
Reuters - Boeing Co , the world's No. 2 planemaker, will accelerate planned increases of two of its popular widebody planes to accommodate heightened demand from recovering airlines that had curbed orders in the last two years amid an economic downturn, the company said on Friday.
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Spain weighs 10-year plan to overhaul economy(AP) (Yahoo U.S. Economy 2010-03-19 14:22:32)
AP - Spanish ministers approved Friday a wide-ranging 10-year reform plan designed to wean the economy off its dependence on construction and create broader, more sustainable growth as the country fights to climb out of recession.
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RI unemployment rate unchanged at 12.7 percent(AP) (Yahoo U.S. Economy 2010-03-19 13:53:10)
AP - The unemployment rate in Rhode Island held steady at 12.7 percent in February, and the number of state residents with jobs increaed by 1,600 from the month before.
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Utah jobless rate rises to 7.1 percent in February(AP) (Yahoo U.S. Economy 2010-03-19 13:04:25)
AP - Utah's unemployment rate rose to 7.1 percent in February, the highest since 1984, the state Department of Workforce Services said Thursday.
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Pa. jobless rate highest since 1984; 16K jobs shed(AP) (Yahoo U.S. Economy 2010-03-19 12:59:50)
AP - Pennsylvania employers continued to reduce payrolls last month as the state's unemployment rate rose slightly to its highest point in a quarter century.