Yahoo U.S. Economy | NewsRoster.com Economy News

Yahoo U.S. Economy - Source Information

Source URL: http://news.yahoo.com/i/1203;_ylt=Agi_2c6XWbuOz6nKv6kRUP6yBhIF
Number of headlines in database: 235
Last update: 2010-09-04 04:13:16

Yahoo U.S. Economy Headlines

Obama to address new economic ideas next Wednesday(Reuters) (2010-09-03 22:14:13)
Reuters - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.
Economy 101: Jobless rate widens for black workers(AP) (2010-09-03 21:56:04)
AP - When the unemployment rate rose last month, the pain wasn't spread evenly.
Despite hiring, US unemployment rate seems frozen(AP) (2010-09-03 21:49:44)
AP - Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work.
Summary Box: Unemployment rate rises to 9.6 pct(AP) (2010-09-03 21:41:31)
AP - UNEMPLOYMENT RISES: The unemployment rate rose to 9.6 percent in August from 9.5 percent, as the nation lost 54,000 jobs. Private employers added a net total of 67,000 workers, but 114,000 temporary census jobs ended.
A rise in unemployment that is "about unchanged"(AP) (2010-09-03 21:24:04)
AP - For most Americans, the most important information in the monthly unemployment report is whether the jobless rate rose or fell, and by how much.
Obama planning new package of economic aid(AP) (2010-09-03 19:44:53)
AP - Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.
Payrolls data offer ray of hope for recovery(Reuters) (2010-09-03 17:44:13)
Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.
Obama promises more stimulus as unemployment edges up(AFP) (2010-09-03 16:58:27)
AFP - President Barack Obama promised a fresh slew of measures to boost the ailing US economy Friday after fresh data showed unemployment was again on the rise.
Summary Box: Service sector growth slows in August(AP) (2010-09-03 15:56:00)
AP - GROWTH SLOWING: The Institute for Supply Management said its service-sector index fell to 51.5 last month from 54.3 in July. The number indicates growth for the eighth consecutive month but it was the weakest pace since January.
US services sector growth eases(AFP) (2010-09-03 15:53:04)
AFP - Growth of the key US services sector fell to its lowest level in eight months in August amid a weakening economic recovery, a survey report said on Friday.
Service sector grows at slower pace in August(AP) (2010-09-03 15:49:54)
AP - The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.
Obama: New jobs numbers 'positive' but not enough(AP) (2010-09-03 15:27:09)
AP - President Barack Obama welcomed news Friday of better-than-expected private sector job growth. But with the unemployment rate ticking upward nevertheless, he said he'd roll out new plans next week to spur the economy.
Private hiring surprises with 67,000 new jobs(Reuters) (2010-09-03 15:10:45)
Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.
Obama: jobs data 'positive' but not enough(AFP) (2010-09-03 15:09:29)
AFP - US President Barack Obama said better-than-expected jobs data released Friday was positive, but said it was not good enough as the economy struggles out of the deepest slump in decades.
Top Obama critic blasts 'job-killing' policies(AFP) (2010-09-03 14:56:45)
AFP - President Barack Obama should fire his top economic advisers and quit his "job-killing" policies, the top House Republican said after US unemployment jumped to 9.6 percent in August.
Obama says to address new economic ideas next week(Reuters) (2010-09-03 14:53:05)
Reuters - President Barack Obama on Friday said he would address a package of new measures next week to boost U.S. growth and hiring as he greeted the August job report as positive news.
Oil prices stage gentle rebound after US payrolls(AFP) (2010-09-03 14:36:21)
AFP - Oil prices firmed on Friday as traders examined a better-than-expected payrolls report in the United States, the world's leading energy consumer.
US posts better-than-expected jobs data(AFP) (2010-09-03 14:30:47)
AFP - The US unemployment rate edges up to 9.6 percent easing fears of a jobs meltdown but posing tough questions for President Barack Obama.
White House: August jobs report reassuring(Reuters) (2010-09-03 14:18:00)
Reuters - The White House on Friday greeted a better than expected August employment report as reassuring news after a recent spate of "unsettling" economic data, and reiterated it was working with Congress to take additional steps to boost U.S. growth and hiring.
Non-manufacturing sector slows in August: ISM(Reuters) (2010-09-03 14:10:07)
Reuters - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday.
Service sector grows at slower pace in Aug(AP) (2010-09-03 14:08:44)
AP - A trade group says the U.S. service sector, which provides most of jobs in the country, expanded for the eighth straight month in August, but the pace of growth slowed.
Companies add 67K workers, but jobless rate rises(AP) (2010-09-03 14:03:43)
AP - Private employers hired more workers over the past three months than first thought, lifting hopes for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose in August for the first time in four months as more people entered the market looking for work.
U.S. payrolls fall less than expected in August(Reuters) (2010-09-03 13:51:59)
Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.
Oil prices lose ground ahead of US jobs report(AFP) (2010-09-03 13:37:44)
AFP - Oil prices fell on Friday as traders awaited crucial payrolls data in top energy consumer the United States after a turbulent week in which the market tracked the global economic outlook.
US unemployment jumps 9.6%(AFP) (2010-09-03 13:19:44)
AFP - US unemployment jumped to 9.6 percent in August, the Labor Department said on Friday, showing the recovering economy is still struggling to create jobs.
Campbell Soup profit beats Street but sales light(Reuters) (2010-09-03 13:06:17)
Reuters - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year would be below its long-term target as the world's largest soup company grapples with a weak economy.
Instant View: Payrolls fall by 54K, less than expected(Reuters) (2010-09-03 13:05:05)
Reuters - U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth.
Service sector spotlight shines on Germany, China(Reuters) (2010-09-03 10:32:52)
Reuters - Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and Germany but slowdowns in Britain and Spain and an expected deceleration in the United States.
Broke youth anti-crime groups want federal cash(AP) (2010-09-03 09:05:35)
AP - A $1.6 billion congressional bailout of sorts could help financially flailing groups that fight to keep young people out of trouble, yet lawmakers are reluctant to take up the expensive proposal amid a sour economy and other, more pressing issues.
Obama to comment Friday on jobless report(AP) (2010-09-03 08:40:31)
AP - President Barack Obama will speak to reporters Friday after the Labor Department releases its monthly jobless report.
Oil falls below $75 ahead of US jobs report(AP) (2010-09-03 08:01:04)
AP - Oil prices fell below $75 a barrel Friday in Asia as investors awaited a report on U.S. employment that will influence guesses about the strength of future energy demand from the No. 1 economy.
US policy under spotlight as unemployment set to rise(AFP) (2010-09-03 07:34:27)
AFP - A fresh batch of US unemployment figures on Friday will provide Americans with a crucial litmus test for the sputtering economic recovery and President Barack Obama's policies.
Payrolls seen falling, private hiring tepid(Reuters) (2010-09-03 05:05:36)
Reuters - U.S. employment likely fell for a third straight month in August as more temporary census jobs ended and cautious businesses scaled back hiring, an outcome that could pressure the Federal Reserve to prop up growth.
BOJ to stand pat next week, eyes easing next month(Reuters) (2010-09-03 04:49:27)
Reuters - The Bank of Japan is expected to hold off on easing monetary policy next week but is gearing up for further action in October as the strong yen threatens to derail its forecast of a moderate economic recovery, sources said.
Jobs report may show rise in unemployment rate(AP) (2010-09-03 04:04:37)
AP - The unemployment rate may be about to rise again.
US policy in spotlight as unemployment set to rise(AFP) (2010-09-03 03:30:58)
AFP - A fresh batch of US unemployment figures will on Friday provide Americans with a crucial litmus test for the sputtering economic recovery and President Barack Obama's policies.
Heavy in dollars, China warns of depreciation(Reuters) (2010-09-03 03:26:21)
Reuters - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars, while a central banker said the mountain of cash could face depreciation risks.
Bumpy economy cited as helping improve U.S. roads(Reuters) (2010-09-03 01:43:12)
Reuters - One upside of the worst U.S. economic slump since the Great Depression is that with fewer motorists on the road, the nation's highways are less congested and in better shape, a study said on Thursday.
Murdoch: Global economy is still not out of turmoil(Reuters) (2010-09-03 00:41:12)
Reuters - News Corp Chief Executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental transformation that is unpredictable
White House: No second stimulus being considered(Reuters) (2010-09-02 23:23:35)
Reuters - The White House stressed on Thursday that no second economic stimulus package is being considered as part of new measures under review by President Barack Obama's team.
Obama adviser Summers to visit China September 4(Reuters) (2010-09-02 22:36:38)
Reuters - The White House said on Thursday that President Barack Obama's top economic adviser will visit China from Saturday for three days of meetings.
US policy under spotlight as unemployment expected to rise(AFP) (2010-09-02 22:36:29)
AFP - A fresh batch of US unemployment figures will on Friday provide Americans with a crucial litmus test for the stuttering economic recovery and President Barack Obama's policies.
Recession talk quieted by improving economic data(AP) (2010-09-02 22:13:25)
AP - The feeble economy exhibited a smidgen of strength Thursday, with mildly positive reports on jobs, store sales and housing.
Economic data damp down fears of new recession(Reuters) (2010-09-02 20:32:18)
Reuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession.
Summary Box: ECB raises eurozone growth forecast(AP) (2010-09-02 20:01:28)
AP - OUTLOOK IMPROVES: The European Central Bank raised its growth projections for the 16-nation eurozone after better-than-expected economic news.
Oil prices rise after mixed economic news(AP) (2010-09-02 19:51:59)
AP - Oil prices ended higher Thursday after an initial retreat as investors put a positive spin on reports about jobs, manufacturing and home sales.
Bernanke takes blame for muddled message on Lehman(Reuters) (2010-09-02 18:33:55)
Reuters - U.S. Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.
Economic data dampen fears of new recession(Reuters) (2010-09-02 17:54:41)
Reuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping dampen fears the economy could face a double dip recession.
Bernanke takes blame for muddling message on Lehman(Reuters) (2010-09-02 16:46:30)
Reuters - Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.
Summary Box: Program puts tax refunds on plastic(AP) (2010-09-02 16:44:23)
AP - FASTER REFUNDS: The Treasury Department is exploring ways to help people without bank accounts collect their tax refunds more quickly. A pilot program launching next year will let some consumers get the money on cards, rather than waiting for paper checks. It could expand from there.
Productivity falls while labor costs increase(AP) (2010-09-02 16:21:00)
AP - American companies experienced the largest drop in workplace productivity this spring in nearly four years and a rise in labor costs, suggesting businesses may no longer be able to squeeze more work out leaner staffs.
Oil prices waiver on mixed economic news(AP) (2010-09-02 16:13:51)
AP - Oil prices headed higher Thursday after an initial retreat as reports on jobs, manufacturing and home sales gave mixed signs about the economy.
Data shows jobless claims drop, retail sales rise(AP) (2010-09-02 15:53:24)
AP - A weak economy got a little lift Thursday with new data suggesting companies aren't pursuing mass layoffs and stores are a little busier.
Highlights: Bernanke's testimony to financial crisis panel(Reuters) (2010-09-02 15:27:16)
Reuters - The following are highlights from Federal Reserve Chairman Ben Bernanke's testimony on Thursday to the Financial Crisis Inquiry Commission on the problem of financial institutions that are "too big too fail."
Pending homes sales rise and jobless claims dip(Reuters) (2010-09-02 15:21:40)
Reuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, hopeful signs for the sputtering economic recovery.
Workers see higher health costs, less care(Reuters) (2010-09-02 15:13:30)
Reuters - Companies are cutting healthcare costs further amid a continuing sour economy, scaling back benefits and shifting a greater share of the expense to employees.
Bernanke cites "sadness" in letting Lehman fail(Reuters) (2010-09-02 15:03:45)
Reuters - Federal Reserve Chairman Ben Bernanke said on Thursday he could not have legally saved Lehman Brothers from bankruptcy and the firm's catastrophic failure in 2008 was a source of sadness.
Communities key in foreclosure fight: Fed officials(Reuters) (2010-09-02 14:44:57)
Reuters - Two top U.S. Federal Reserve officials on Thursday called for a more community-focused approach to the country's ongoing foreclosure crisis, which is weighing on its economic recovery.
Instant View: Pending home sales rise in July(Reuters) (2010-09-02 14:34:48)
Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.
Pending home sales rise 5.2 percent in July(Reuters) (2010-09-02 14:12:55)
Reuters - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming.
Factory orders rise 0.1 percent in July(AP) (2010-09-02 14:04:03)
AP - Orders to U.S. factories managed a slight gain in July as a surge in demand for commercial aircraft helped offset widespread weakness in other areas.
Mortgage rates hit decades-low of 4.32 percent(AP) (2010-09-02 14:01:45)
AP - Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.
US jobless claims fall for second straight week(AFP) (2010-09-02 13:41:29)
AFP - The number of Americans filing new claims for jobless benefits fell faster than expected last week, extending a two-week decline, government data showed Thursday.
Discounts spur surprising Aug. retail sales gains(AP) (2010-09-02 13:29:14)
AP - Many retailers are reporting surprisingly solid gains for August, helped by aggressive discounting, even as unusually hot weather and job worries kept a lid on back-to-school buying.
Jobless claims fall but productivity much weaker(Reuters) (2010-09-02 13:24:46)
Reuters - New claims for U.S. unemployment benefits fell last week, but were still too high to signal a change in fortune for the troubled labor market.
Bernanke: Shut down banks if they threaten system(AP) (2010-09-02 13:23:44)
AP - Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.
Bernanke says 'too-big-to-fail' must end(AFP) (2010-09-02 13:19:45)
AFP - The most important lesson to come from the financial crisis is that banks must not be allowed to become "too-big-to-fail," Federal Reserve chairman Ben Bernanke said Thursday.
ECB holds rates, extends liquidity lifeline(Reuters) (2010-09-02 13:10:45)
Reuters - The European Central Bank held interest rates at a record low on Thursday and extended its liquidity safety-net in response to a lopsided recovery and worries about vulnerable banks.
Unemployment claims drop for second straight week(AP) (2010-09-02 13:10:12)
AP - The number of people requesting unemployment benefits declined for the second straight week, suggesting that the slowing economy isn't prompting widespread job cuts.
Bernanke says govt must follow through on new law(Reuters) (2010-09-02 13:08:32)
Reuters - Tough government follow-through on a freshly minted U.S. financial law will be crucial to ensure no bank or firm grows so large that its collapse could jeopardize the entire economy, Federal Reserve Chairman Ben Bernanke said on Thursday.
US officials to visit China for talks(AFP) (2010-09-02 13:07:24)
AFP - US National Economic Council chairman Larry Summers will visit China next week for talks on bilateral relations, China announced Thursday.
No bank account? Get your tax refund on plastic(AP) (2010-09-02 12:18:39)
AP - A new Treasury Department program to give people without bank accounts faster access to their tax refunds will help some avoid costly short-term loans. But careless consumers could end up racking up fees and padding bank profits.
ECB holds rates, tipped to extend liquidity lifeline(Reuters) (2010-09-02 11:48:06)
Reuters - The European Central Bank held interest rates at a record low on Thursday and is expected to keep its liquidity safety-net for banks in place as well amid a lopsided recovery and worries about vulnerable banks.
Swiss economy grew 0.9 percent in second quarter(AP) (2010-09-02 08:14:46)
AP - Official figures show that Switzerland's economy grew by 0.9 percent in the second quarter compared with the first three months of the year, largely on the back of higher domestic demand and corporate investments.
Consumer bankruptcies fell 8 percent in August(Reuters) (2010-09-02 05:11:23)
Reuters - Bankruptcies filings by consumers fell 8 percent in August but still remained on track to top 1.6 million filings in 2010, according to a report by the American Bankruptcy Institute (ABI).
Bernanke testifying to crisis inquiry panel(AP) (2010-09-02 04:07:52)
AP - Federal Reserve Chairman Ben Bernanke is set to appear before a panel investigating the financial crisis to give his take on the meltdown and his views on potential systemwide risks posed by large financial institutions.
Auto sales post weakest August since 1983(Reuters) (2010-09-01 22:28:51)
Reuters - Automakers posted their weakest U.S. August sales in 27 years, underscoring uncertainty about the strength of the recovery in the world's largest economy.
NY mayor denies talk he might be Washington-bound(Reuters) (2010-09-01 22:21:14)
Reuters - New York City Mayor Michael Bloomberg on Wednesday shot down speculation he might succeed Treasury Secretary Timothy Geithner, saying he would only leave office early if he were totally incapacitated or died.
Manufacturing grows in August(Reuters) (2010-09-01 22:17:22)
Reuters - The U.S. manufacturing sector grew faster than expected in August, but private employers unexpectedly cut jobs, showing the economic recovery still faces headwinds.
Summary Box: Auto sales fall as economy struggles(AP) (2010-09-01 21:38:00)
AP - DOG DAYS: U.S. auto sales fell 5 percent in August from the prior month. They also fell 21 percent compared with August of 2009, when sales got a boost from Cash for Clunkers. It was the worst August for U.S. auto sales since 1983.
Special session on California budget unlikely now(Reuters) (2010-09-01 21:36:25)
Reuters - California lawmakers may not be called into a special session on the state's budget stalemate, Governor Arnold Schwarzenegger said on Wednesday after Democrats and Republicans in the legislature killed rival plans to fill a $19 billion shortfall to balance the state's books.
Weak auto sales for August amid economic worries(AP) (2010-09-01 21:21:21)
AP - Americans nervous about the drumbeat of bad economic news stayed away from auto showrooms. Automakers nervous about their bottom lines didn't offer deals to lure them in.
Summary Box: US manufacturing grows in August(AP) (2010-09-01 20:47:26)
AP - GROWTH BUMP: U.S. manufacturing growth picked up in August from the previous month, according to an industry trade group, marking the 13th month of expansion in the industrial sector.
Schumer asks Fed to police business card marketing(AP) (2010-09-01 20:23:30)
AP - U.S. Sen. Charles Schumer called on the Federal Reserve Wednesday to step in to help individuals avoid opening corporate credit cards that come with fewer protections than cards meant for consumers.
Manufacturing grows in August but private jobs cut(Reuters) (2010-09-01 20:17:33)
Reuters - The manufacturing sector grew faster than expected in August, but private employers unexpectedly cut jobs, showing the economic recovery still faces headwinds.
U.S. and Europe auto sales tumble as subsidies fade(Reuters) (2010-09-01 20:05:08)
Reuters - Auto sales in the United States and Europe slumped in August, reflecting the end of government sales subsidies and underscoring uncertainty about the strength of the U.S. economic recovery.
Manufacturing in US and aboard lifts economy(AP) (2010-09-01 20:02:59)
AP - Manufacturing is growing in the United States and abroad, easing fears that the economy might be on the verge of a second recession.
Copper prices jump on improved manufacturing(AP) (2010-09-01 19:45:01)
AP - Copper prices bounced to their highest level in four months Wednesday after gains in U.S. and Chinese manufacturing created an air of hope for an improving global economic recovery.
July unemployment up in about half of US cities(AP) (2010-09-01 19:44:18)
AP - The unemployment rate rose in nearly half of the nation's 374 largest metro areas in July, as the pace of hiring slowed from earlier this year.
Number of illegal immigrants in US now declining(AP) (2010-09-01 19:37:59)
AP - The number of illegal immigrants living in the U.S. has dropped for the first time in two decades — decreasing by 8 percent as the sour economy dried up jobs and increased enforcement made it harder to sneak across the border with Mexico, a new study finds.
Caterpillar opens new Arkansas factory, hiring 600(AP) (2010-09-01 19:25:57)
AP - Caterpillar Inc. has formally opened a $140 million road grader plant in central Arkansas, a factory that the company built even though the economy went through the floor after it announced its intentions.
US.. and Europe auto sales tumble as subsidies fade(Reuters) (2010-09-01 19:19:56)
Reuters - Auto sales in the United States and Europe slumped in August, reflecting the end of government sales subsidies and underscoring uncertainty about the strength of the U.S. economic recovery.
Summary Box: US fears mean risk for ECB(AP) (2010-09-01 18:30:34)
AP - THE SITUATION: Indicators are pointing up at the European Central Bank, which may be about to raise its 2010 economic projections. But that brightening picture is being increasingly darkened by fears about the recovery in the U.S.
Summary Box: Australian economic growth jumps(AP) (2010-09-01 18:10:06)
AP - BOOMING: Australia's economy grew at its fastest pace in three years during the second quarter as demand from China and elsewhere in Asia boosted exports of iron ore and other commodities.
Unions gearing up to support Dems in November(AP) (2010-09-01 18:06:41)
AP - Union leaders said Wednesday they will mobilize millions of members in 26 states with a message about "economic patriotism" as they try to help Democrats hold onto their majority in the House and Senate.
GM says sales drop 25 percent, sees slower recovery(Reuters) (2010-09-01 17:58:59)
Reuters - Asian auto sales soared in August, boosted by government incentives although U.S. economic uncertainty and slowing growth in China look set to curb demand, while in Europe car sales fell as scrapping bonuses ran out.
WH economist calls for more spending, less taxes(AP) (2010-09-01 17:52:33)
AP - Departing White House economist Christina Romer says the government has the tools for bringing down unemployment, but policymakers need to find the will and wisdom to use them.
U.S. must find will for further stimulus: Romer(Reuters) (2010-09-01 17:52:13)
Reuters - Departing White House economist Christina Romer said on Wednesday the United States must find the political will for more action to boost the economy and not let high deficits obstruct job creation.
Fed's Fisher says ball is in "fiscal court," not Fed's(Reuters) (2010-09-01 17:41:57)
Reuters - The U.S. Federal Reserve is committed to keeping the price of money low until the economic recovery strengthens, but should not do more to boost growth without fiscal and regulatory policies that support businesses, a top Fed official said on Wednesday.
Deflation key to more easing: Fed's Plosser(Reuters) (2010-09-01 17:38:28)
Reuters - The Federal Reserve should only embark upon further monetary easing if faced with a dangerous downward price spiral, otherwise it risks undermining its credibility, a top Fed official said on Wednesday.
Toyota sales fall 12 percent in Aug. versus July(AP) (2010-09-01 17:30:30)
AP - Toyota Motor says its sales fell 12 percent in August compared with July, as buyers nervous about the economy stayed away from showrooms.
US auto sales turn frail in August(AP) (2010-09-01 17:19:19)
AP - Auto sales, once a bright spot in the economic recovery, grew fainter last month.
GE could spend up to $30 billion on M&A: exec(Reuters) (2010-09-01 17:12:48)
Reuters - General Electric Co could spend up to $30 billion on takeovers over the next two to three years, a top executive said, in a sign the conglomerate is coming out of its recessionary defensive crouch.
Manufacturing grows but private jobs cut(Reuters) (2010-09-01 16:57:23)
Reuters - The U.S. manufacturing sector grew faster than expected in August but private employers unexpectedly cut jobs, showing the economic recovery still faces headwinds.
US private employment slips first time in seven months(AFP) (2010-09-01 16:33:07)
AFP - US private sector employment unexpectedly dropped in August for the first time in seven months, signaling a weakening economic recovery, payrolls firm ADP said Wednesday.
Midwest survey suggests some recession fears(AP) (2010-09-01 16:25:47)
AP - More than a third of supply managers in nine Midwest and Plains states surveyed for a regional business index expect the U.S. economy to fall into another recession next year, even as key measures of the index remained positive.
US manufacturing grows for 13th straight month(AP) (2010-09-01 16:13:49)
AP - U.S. manufacturing expanded in August for the 13th straight month, lifting hopes that economic growth won't stall.
GM reports 7 percent sales dip compared with July(AP) (2010-09-01 16:07:02)
AP - Auto sales, once a bright spot in the economic recovery, stalled last month as the nation's largest car company reported falling sales.
Summary Box: Growth seen for Singapore economy(AP) (2010-09-01 15:30:35)
AP - FORECAST: Singapore's economy will likely expand at a record pace of 14.9 percent this year as a surge in demand for the city-state's exports fuels manufacturing, according to a central bank survey of analysts. In June, analysts had forecast just 9 percent growth.
Summary Box: China manufacturing, auto sales(AP) (2010-09-01 15:27:36)
AP - TRUCKING ALONG: Chinese manufacturing growth improved and auto sales rebounded in August, suggesting the world's second-biggest economy may not be slowing as quickly as feared.
Manufacturing grows but private jobs tumble(Reuters) (2010-09-01 15:04:43)
Reuters - The manufacturing sector grew faster than expected in August, chalking up a 13th straight month of expansion, helping to calm fears that economic growth was stagnating.
Manufacturing sector grew faster in August(AP) (2010-09-01 14:44:33)
AP - Manufacturing companies grew faster in August as the industrial sector continues to lead the recovery, and managers' desire to hire shot up to the highest level in nearly 30 years.
Manufacturing sector grows in Aug: ISM(Reuters) (2010-09-01 14:36:31)
Reuters - The U.S. manufacturing sector grew more quickly than expected in August, chalking up a 13th straight month of expansion, according to an industry report released on Wednesday.
Midwest survey suggests major recession fears(AP) (2010-09-01 14:27:57)
AP - More than a third of supply managers in nine Midwest and Plains states surveyed for a regional business index expect a recession in 2011.
Construction activity declines 1 percent in July(AP) (2010-09-01 14:06:20)
AP - Construction spending tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular home-buying tax credit.
Private sector unexpectedly cuts jobs in August(Reuters) (2010-09-01 13:38:40)
Reuters - U.S. private employers unexpectedly cut jobs in August, a report by a payrolls processor showed on Wednesday, delivering another blow to the already faltering economic recovery.
US private employment slips for first time in 7 months(AFP) (2010-09-01 13:37:19)
AFP - US private sector employment dropped in August for the first time in seven months, signaling a weakening economic recovery, payrolls firm ADP said Wednesday.
Romer: U.S. must find will for further stimulus(Reuters) (2010-09-01 12:56:38)
Reuters - Departing White House economist Christina Romer called on Wednesday for further steps to stimulate the U.S. economy, saying high budget deficits should not be an excuse for allowing the unemployed to suffer.
Instant View: Private sector sheds 10,000 jobs in August(Reuters) (2010-09-01 12:33:45)
Reuters - U.S. private employers unexpectedly cut 10,000 jobs in August compared to a revised gain of 37,000 in July, a report by a payrolls processor showed on Wednesday.
US fears mean risk for European Central Bank(AP) (2010-09-01 12:26:31)
AP - Indicators are pointing up at the European Central Bank, which may be about to raise its 2010 economic projections. But that brightening picture is being increasingly darkened by fears about the recovery in the U.S.
Biden: Time to turn attention from Iraq to economy(AP) (2010-09-01 11:50:50)
AP - Vice President Joe Biden said Wednesday he's confident the various factions in Iraq will form a workable coalition and bring stability to the country, now that the U.S. combat role there has ended.
Chinese manufacturing, auto sales show rebound(AP) (2010-09-01 11:45:26)
AP - Chinese manufacturing growth improved and auto sales rebounded in August, suggesting the world's second-biggest economy may not be slowing as quickly as feared.
U.S. planned layoffs in Aug hit 10-year low(Reuters) (2010-09-01 11:34:52)
Reuters - The number of planned layoffs at U.S. firms fell 17 percent in August from the prior month and hit the lowest level in 10 years, a report on Wednesday showed.
Asian factory growth outstrips two-speed Europe(Reuters) (2010-09-01 10:44:54)
Reuters - Manufacturing in China, India and Russia powered ahead in August while growth slowed in European factories, emphasizing a growing divide in the pace of recovery between the rich and emerging worlds.
Departing Romer urges more steps to help economy(Reuters) (2010-09-01 10:32:17)
Reuters - Departing White House economist Christina Romer on Wednesday called for further steps to stimulate the U.S. economy, saying that high budget deficits should not be an excuse for allowing the unemployed to suffer.
China manufacturing picks up, India going strong(Reuters) (2010-09-01 05:48:31)
Reuters - China's manufacturing sector regained some momentum in August while India and Russia continued to power ahead, cheering investors in the face of signs that sputtering U.S. recovery was cooling global demand.
Retail data: Americans still cautious in August(AP) (2010-09-01 04:48:15)
AP - Not even skinny jeans for $20 are pulling Americans into stores.
CEO layoff leaders also led in pay in '09: study(Reuters) (2010-09-01 04:04:37)
Reuters - As U.S. companies shed millions of workers during the recession, the CEOs who laid off the most people brought home pay that was significantly higher than that of their peers, a study released on Thursday found.
Chinese manufacturing snaps out of slowdown(Reuters) (2010-09-01 03:50:04)
Reuters - China's manufacturing economy staged a moderate rebound in August after slowing for several months under the onslaught of government measures to rein in credit and deter property speculation.
Australia economy grows at fastest pace in 3 years(AP) (2010-09-01 03:46:46)
AP - Australia's economy grew at its fastest pace in three years in the second quarter as demand from China and elsewhere in Asia boosted exports of iron ore and other commodities.
Obama: US combat in Iraq over, 'time to turn page'(AP) (2010-09-01 01:46:35)
AP - Claiming no victory, President Barack Obama formally ended the U.S. combat role in Iraq after seven long years of bloodshed, declaring firmly Tuesday night: "It's time to turn the page." Now, he said, the nation's most urgent priority is fixing its own sickly economy.
Bidding wars, scrapped holidays herald M&A pickup(Reuters) (2010-09-01 01:28:04)
Reuters - August's unseasonable burst of dealmaking -- the busiest in over a decade -- could herald a wider rebound in M&A for the remainder of the year as low interest rates, record cash piles and low stock-market values encourage chief executives to strike deals.
Factbox: Reaction to Obama's address on Iraq(Reuters) (2010-09-01 01:21:57)
Reuters - President Barack Obama on Tuesday declared an end to the American combat mission in Iraq and said America's most urgent task now is restoring the sagging economy.
Gartner cuts 2nd-half PC shipment growth outlook(AP) (2010-08-31 23:58:11)
AP - Research firm Gartner Inc. on Tuesday lowered its forecast for global shipments of personal computers in the second half of the year, saying the change stems from economic uncertainty in the U.S. and Western Europe.
Obama: Time to turn the page in Iraq(Reuters) (2010-08-31 23:42:08)
Reuters - President Barack Obama declared an end to the seven-year U.S. combat mission in Iraq on Tuesday and told war-weary Americans "our central mission as a people" is to restore the sagging U.S. economy.
Obama ends Iraq combat effort: Time to turn page(AP) (2010-08-31 23:32:07)
AP - Opposed to the war from the start, President Barack Obama on Tuesday formally ended the U.S. combat role in Iraq as promised, declaring: "It is time to turn the page." He said the nation's most urgent priority must be fixing its own economy.
Obama says 'most urgent task' is to restore US economy(AFP) (2010-08-31 23:08:34)
AFP - US President Barack Obama said Tuesday his "most urgent task" was to restore the American economy and get the unemployed back to work, according to early excerpts of an Oval Office speech.
California lawmakers reject budget bills(Reuters) (2010-08-31 23:06:24)
Reuters - Democrats and Republicans in California's legislature rejected rival budget plans on Tuesday on the last day of their regular session, leaving the government of the most populous U.S. state without an official spending plan in place.
Obama says reviving economy the most urgent task(AP) (2010-08-31 22:43:56)
AP - President Barack Obama says his central responsibility as president is to restore the nation's fragile economy and to help put the millions of people who lost jobs back to work.
Ind. scientist accused of stealing trade secrets(AP) (2010-08-31 21:50:16)
AP - A former Indiana scientist accused of illegally sending trade secrets worth $300 million to China and Germany was ordered detained Tuesday on rare charges of economic espionage.
Fed approves sale of Morgan Stanley stock shares(AP) (2010-08-31 21:40:38)
AP - The Federal Reserve has approved a request by a Chinese sovereign wealth fund to acquire up to 10 percent of the voting shares of New York investment giant Morgan Stanley.
Divided Fed warns on 'sluggish' recovery(AFP) (2010-08-31 21:34:57)
AFP - The US Federal Reserve expressed worry about a "sluggish" economic recovery Tuesday, according to minutes of an August meeting that highlighted divisions within the bank's top rate-setting panel.
NY cracks down on building trade's "cash" economy(Reuters) (2010-08-31 21:30:47)
Reuters - New York state's construction companies will be subject to new criminal and civil penalties if they misclassify employees as contractors to underpay them or dodge taxes, Governor David Paterson said on Tuesday.
Gold, silver rise as investors seek safer assets(AP) (2010-08-31 20:53:48)
AP - Wary investors turned to gold Tuesday, sending the price to its highest level in two months, despite slightly more optimistic economic news.
US approves Chinese firm's stake in Morgan Stanley(AFP) (2010-08-31 20:53:47)
AFP - The US Federal Reserve on Tuesday approved China Investment Corporation's bid to buy up to a 10 percent voting stake in investment giant Morgan Stanley.
Consumer confidence, home prices edge up(Reuters) (2010-08-31 20:53:33)
Reuters - Consumer confidence rose modestly in August and home prices gained more than expected in June, easing some worries the economy is headed for another downturn soon.
Survey: Workers remain nervous about employment(AP) (2010-08-31 20:18:44)
AP - STILL NERVOUS: Americans remain nervous about their job security and the strength of the economy, according to a survey by jobs website SnagAJob.com.
Cautious Fed report boosts demand for safety(AP) (2010-08-31 19:46:17)
AP - The dollar dropped against the Japanese yen and Swiss franc, but traded mostly higher versus other currencies Tuesday after a cautious Federal Reserve report underscored fears about a slowdown in growth in the U.S., the world's largest economy.
Oil sinks on US recovery fears(AFP) (2010-08-31 19:36:57)
AFP - Oil prices plummeted Tuesday for the second consecutive day as investors fretted over the pace of the US economic recovery and growing oil inventories.
Summary Box: Europe inflation cools off in August(AP) (2010-08-31 19:01:42)
AP - INFLATION DOWN: Inflation in the 16 countries that use the euro fell in August, as consumer prices rose by 1.6 percent in the year to August, down from July's 20-month high rate of 1.7 percent.
Summary Box: Japanese factory output rises in July(AP) (2010-08-31 18:57:40)
AP - JAPANESE PRODUCTION RISES: Japan's factory output unexpectedly rose in July for the first time in two months, up 0.3 percent from June. Production of machinery, chemicals and paper rose despite signs of a slowing global economy. That beat forecasts for a 0.3 percent decline.
Obama: No Iraq victory lap as combat mission ends(Reuters) (2010-08-31 18:56:24)
Reuters - President Barack Obama declared the U.S. combat mission in Iraq officially over on Tuesday but said he would not take a "victory lap" because a lot more work remained to be done inside the country.
Republican leads Senate race in Pennsylvania(Reuters) (2010-08-31 18:53:45)
Reuters - Republican Pat Toomey has opened a 10-point lead over Democrat Joe Sestak among likely voters in a Senate race in Pennsylvania dominated by economic worries, according to a Reuters/Ipsos poll released on Tuesday.
US Fed warns economic recovery looks 'sluggish'(AFP) (2010-08-31 18:34:18)
AFP - A slew of poor economic data points to a "sluggish" US recovery in the coming months, the Federal Reserve's top committee said in minutes published Tuesday.
How the Consumer Confidence Index is figured(AP) (2010-08-31 18:32:12)
AP - The Consumer Confidence Index is released each month by the Conference Board, a private research group. It is based on a survey made up of five questions that haven't changed since the index started in 1967.
How Fed's policymakers hold power over your purse(AP) (2010-08-31 18:25:49)
AP - The Federal Reserve's chief policymaking group last met Aug. 10, and the minutes of that meeting were released Tuesday.
Summary Box: India's economy up 8.8 percent in 2Q(AP) (2010-08-31 18:22:08)
AP - INDIA'S ECONOMY REBOUNDS: India's economy grew 8.8 percent in the June quarter, its fastest pace in over two years. That's up from 6 percent a year ago, at the height of the global recession.
Fed mulls stimulus if outlook worsens appreciably(Reuters) (2010-08-31 18:20:50)
Reuters - The outlook for the U.S. economy would have to deteriorate "appreciably" to spur fresh support from the Federal Reserve, minutes of the central bank's last policy meeting released on Tuesday said.
Summary Box: Consumer confidence up in August(AP) (2010-08-31 18:20:17)
AP - RISING CONFIDENCE: The Conference Board's Consumer Confidence Index rose to 53.5 in August, slightly better than economists' forecasts. It follows two straight months of declines.
Fed officials discussed further stimulus steps(AP) (2010-08-31 18:01:15)
AP - Federal Reserve officials signaled at their August meeting that they would consider going beyond a modest program to purchase government debt if necessary to boost the economy.
Republican Toomey leads Pennsylvania Senate race: poll(Reuters) (2010-08-31 17:58:40)
Reuters - Republican candidate Pat Toomey has a 10-point lead over his Democratic rival in the race for a Senate seat in the key swing state of Pennsylvania where worries about the economy dominate, a Reuters/Ipsos poll showed on Tuesday.
Stock investors brace for another ugly September(AP) (2010-08-31 17:23:22)
AP - The economy is weakening, home sales are plunging and stocks are on a long slide. Now comes something even scarier for investors — the beginning of what is traditionally the worst month in the market.
Oil prices drop as economy still looks shaky(AP) (2010-08-31 17:04:56)
AP - The economic news was a little better on Tuesday but not enough to keep oil prices from dropping again.
Obama adviser warns against tax cuts for wealthy(Reuters) (2010-08-31 16:50:36)
Reuters - Jason Furman, an economic adviser to President Barack Obama, told a meeting on Tuesday there was a concern that even a temporary extension of the Bush-era tax cuts for the wealthy would be a "foot in the door" to permanent extension.
Americans' economic confidence ticks up slightly(AP) (2010-08-31 15:34:18)
AP - Americans' confidence in the economy improved slightly in August, but the mood is still gloomy amid job worries, according to a monthly survey.
US consumer confidence up unexpectedly in August(AFP) (2010-08-31 15:03:04)
AFP - US consumer confidence improved unexpectedly in August after falling two months in a row as Americans grappled with high unemployment and a weakening economy, a key survey showed Tuesday.
Consumer confidence and home prices edge up(Reuters) (2010-08-31 14:51:49)
Reuters - U.S. consumer confidence edged up in August while prices for U.S. homes gained more than expected in June, providing a little relief for those concerned about a slowdown in the economic recovery.
Consumer Confidence inches up in August(AP) (2010-08-31 14:24:29)
AP - Americans' confidence in the economy improved slightly in August, but the mood is still gloomy amid job worries, according to a monthly survey.
Consumer confidence rises modestly in August(Reuters) (2010-08-31 14:06:30)
Reuters - Consumer confidence rose modestly in August, lifted by a mild improvement in the short-term outlook, according to a private report released on Tuesday.
Obama to discuss U.S. economy in address on Iraq(Reuters) (2010-08-31 13:58:43)
Reuters - President Barack Obama will avoid a "Mission Accomplished" moment on Tuesday when marking progress in ending the Iraq war, using an Oval Office address to mark the milestone and address the bigger issue for voters -- America's struggling economy.
Home price rise better than forecast(Reuters) (2010-08-31 13:42:40)
Reuters - Prices of U.S. single-family homes gained more than expected in June and rose in the second quarter, reflecting the lingering boost from homebuyer tax credits that ended in April, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.
France proposes EU commodities markets regulation(Reuters) (2010-08-31 13:37:36)
Reuters - France has sent detailed proposals to the European Commission calling for common action to regulate volatile commodities markets before it is due to head the Group of 20 economic powers, ministry officials said.
Ahead of the Bell: Consumer Confidence(AP) (2010-08-31 13:09:26)
AP - A monthly report Tuesday on consumer confidence is expected to show that Americans remained gloomy in August as they grappled with job worries and an economy that's showing more signs of faltering.
India GDP grows most since Dec 2007(Reuters) (2010-08-31 10:56:55)
Reuters - India's economy grew at its fastest pace in nearly three years in the April-June quarter on strong manufacturing growth and better farm output that may keep the central bank on its gradual monetary tightening path.
Oil slips on US recovery fears(AFP) (2010-08-31 10:07:41)
AFP - World oil prices fell on Tuesday as investors fretted about the faltering US economic recovery ahead of the release of more key data later this week, analysts said.
Eurozone inflation eases in August to 1.6 percent(AP) (2010-08-31 10:03:20)
AP - Inflation in the 16 countries that use the euro fell in August, official figures showed Tuesday, reinforcing market expectations that the European Central Bank will not be raising borrowing costs this year.
Asian markets slip, yen rises on weak US data(AFP) (2010-08-31 09:53:13)
AFP - Japan's multi-billion-dollar plans to boost its economy and rein in the yen were shrugged off Tuesday as a fresh set of poor data out of the US weighed on Asian markets.
Global equities rocked by US economic fears(AFP) (2010-08-31 09:26:43)
AFP - World stock markets sank heavily on Tuesday as investors shunned risky assets amid renewed fears over the United States economy, while Tokyo also dived on concern over the soaring yen, dealers said.
India's economy grew 8.8 percent in June quarter(AP) (2010-08-31 07:52:38)
AP - India's economy grew 8.8 percent in the June quarter, its fastest pace in over two years, as good farm and manufacturing output lifted growth back to its pre-crisis trajectory.
Japan factory output rises 0.3 percent in July(AP) (2010-08-31 05:02:12)
AP - Japan's factory output unexpectedly rose in July for the first time in two months as companies bolstered production of machinery, chemicals and paper despite signs of a slowing global economy.
2011 APEC meeting rated special security event(AP) (2010-08-31 01:28:25)
AP - Next year's Asia-Pacific Economic Cooperation conference in Honolulu has been designated a national special security event by the U.S. Department of Homeland Security.
Obama to loosen export controls: Will it help economy or hurt security?(The Christian Science Monitor) (2010-08-30 23:51:04)
The Christian Science Monitor - The Obama administration says less will be more when it comes to limits on US exports that have potential military uses.
Analyst: RV recovery to be flatter than expected(AP) (2010-08-30 21:34:47)
AP - The recovery of the market for recreational vehicles will slow down due to the stalling economy, leading to lower profits for RV makers, Baird analysts said Monday.
U.S. proposes grading cars on emissions, efficiency(Reuters) (2010-08-30 21:06:18)
Reuters - Gasoline misers like the Toyota Prius would get an 'A-' while muscle cars -- including the Ferrari 612 -- would get a 'D' under a labeling program proposed by Obama administration, which wants to convince consumers to buy vehicles that use less energy.
Summary Box: Consumer spending rises in July(AP) (2010-08-30 20:55:22)
AP - SPENDING: Consumer spending rose 0.4 percent in July, the best showing in four months. It was helped by strong demand for autos.
Bernanke to address financial crisis inquiry panel(AP) (2010-08-30 20:55:22)
AP - Federal Reserve Chairman Ben Bernanke will testify this week about his role in the bank bailouts that sent billions of taxpayer dollars to banks deemed "too big to fail."
Crisis panel to hear from Bernanke and Lehman's Fuld(Reuters) (2010-08-30 20:43:03)
Reuters - Federal Reserve Chairman Ben Bernanke and bank regulator Sheila Bair will testify this week before a panel exploring the causes of the financial crisis.
Interest rates mixed at weekly Treasury auction(AP) (2010-08-30 20:30:46)
AP - Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills dropping to the lowest level in two months while rates on six-month bills rose.
Consumer spending gain strongest in 4 months(Reuters) (2010-08-30 20:30:25)
Reuters - Consumer spending rose in July at the strongest pace in four months, supported by a small gain in incomes that offered hope that consumers will be able to keep contributing to a modest economic recovery.
Americans spend a bit more as economy limps along(AP) (2010-08-30 19:39:04)
AP - Americans are spending a little more this summer, but hardly enough to rejuvenate the weakening economy.
Consumer spending offers hope on economy(Reuters) (2010-08-30 18:36:09)
Reuters - Consumer spending rose at the strongest pace in four months in July, supported by a small gain in incomes that offered hope consumers will be able to keep contributing to a modest economic recovery.
Obama, advisers discussed more steps on economy(Reuters) (2010-08-30 17:53:23)
Reuters - President Barack Obama said on Monday he and his economic team discussed additional steps to promote economic growth, including looking at tax cuts for businesses.
Obama: GOP should let small business bill through(AP) (2010-08-30 17:47:50)
AP - President Barack Obama exhorted Congress on Monday to make passing a long-languishing small business aid package its first order of business when it returns next month from its summer break.
A look at economic developments around the globe(AP) (2010-08-30 17:45:40)
AP - A look at economic developments and activity in major stock markets around the world Monday:
Summary Box: Eurozone economic sentiment up again(AP) (2010-08-30 16:27:17)
AP - SPRING IN PARIS: Economic confidence in the 16 countries that use the euro rose to its highest level in nearly two-and-a-half years during August.
July consumer spending gain strongest in 4 months(Reuters) (2010-08-30 16:27:08)
Reuters - Consumer spending rose at the strongest pace in four months in July, supported by a small gain in incomes that offered hope consumers will be able to keep contributing to a modest economic recovery.
Fed's Kohn to become academic after leaving post(Reuters) (2010-08-30 16:05:11)
Reuters - Federal Reserve Vice Chairman Donald Kohn will take his central banking expertise to the Brookings Institution after he retires this week from four decades at the Fed, Brookings announced on Monday.
Updated car stickers to include environmental info(AP) (2010-08-30 16:03:34)
AP - Car shoppers will receive more details on window stickers about fuel efficiency, emissions, energy costs and energy consumption under a new government proposal for 2012 model year vehicles.
U.S. to propose labeling greenhouse gases from cars(Reuters) (2010-08-30 16:01:24)
Reuters - The United States will propose on Monday new labels for passenger vehicles detailing for the first time their greenhouse gas emissions, while also changing measurements of fuel economy.
Obama to make statement on economy on Monday(Reuters) (2010-08-30 15:05:09)
Reuters - President Barack Obama will make a statement on the economy at 12:30 p.m. EDT (1630 GMT) Monday in the White House Rose Garden, the White House said.
US spending, incomes edge upward(AFP) (2010-08-30 13:50:05)
AFP - US consumers are spending slightly more as their incomes are rising modestly, official data showed Monday, doing little to dispel fears about the health of the economy.
Consumer spending rises 0.4 percent in July(AP) (2010-08-30 13:31:45)
AP - Americans spent last month at the fastest pace in four months, helped by a jump in demand for automobiles.
Consumer spending posts gain in July(Reuters) (2010-08-30 13:24:42)
Reuters - Consumer spending rose at the strongest pace in four months in July, supported by a small gain in incomes that offered hope consumers will be able to keep contributing to a modest recovery.
Eurozone economic sentiment up again in August(AP) (2010-08-30 11:26:37)
AP - Economic confidence in the 16 countries that use the euro rose to its highest level in nearly two-and-a-half years during August, the European Commission said Monday.
Survey finds support for Fed but split on spending(AP) (2010-08-30 10:50:57)
AP - Economists are satisfied with the Federal Reserve's current interest rate policy, but they're divided over how the central bank should proceed over the next 12 months, a new survey finds.
BOJ eases policy to fight yen rise but impact seen slim(Reuters) (2010-08-30 06:05:24)
Reuters - The Bank of Japan buckled under government pressure and eased monetary policy at an emergency meeting on Monday in an effort to curb a rise in the yen that is threatening a fragile economic recovery.
Instant View: BOJ expands fund supply, hold off on bolder steps(Reuters) (2010-08-30 04:05:13)
Reuters - The Bank of Japan expanded its fund supply tool at an emergency meeting, saving more aggressive steps for when there is clearer evidence of a slowdown in a fragile economy hit by a strong yen.
Fed policy on right course, economists say(Reuters) (2010-08-30 04:02:09)
Reuters - Most economists in a recent survey said they approved of the Federal Reserve's current course on monetary policy and see deflation as a risk for the short term.
BOJ to expand fund supply tool to support economy(Reuters) (2010-08-30 03:26:19)
Reuters - The Bank of Japan expanded its fund supply tool at an emergency meeting on Monday, saving more aggressive steps for when there is clearer evidence of a slowdown in a fragile economy hit by a strong yen.
Obama says economy not growing fast enough(Reuters) (2010-08-30 01:58:20)
Reuters - President Barack Obama said on Sunday the U.S. economy was expanding, but not quickly enough, and there was no "magic bullet" that will fix its problems.
BOJ seen easing policy to fight yen's rise(Reuters) (2010-08-30 01:13:51)
Reuters - The Bank of Japan began an emergency meeting on Monday to ease monetary policy, bowing to strong government pressure to try to curb a rise in the yen that is threatening a fragile economic recovery.
BOJ to hold emergency meeting Mon; seen easing policy(Reuters) (2010-08-29 23:02:03)
Reuters - The Bank of Japan will hold an emergency meeting on Monday to ease monetary policy in the face of strong government pressure as the yen's strength threatens a fragile economic recovery.
Obama says no magic bullet for struggling economy(Reuters) (2010-08-29 22:54:44)
Reuters - President Barack Obama said on Sunday there was no magic bullet for what ails the struggling U.S. economy but urged steps such as passage of his small-business lending proposal.
Las Vegas logs 5 murder-suicides since Aug. 7(AP) (2010-08-29 22:12:54)
AP - Police say murder-suicides are on the rise in the Las Vegas area because of a bad economy.
Jobs data to show severity of malaise(Reuters) (2010-08-29 19:01:38)
Reuters - The patient clearly looks ill, but is there at least a steady pulse?
Analysis: Bernanke soothes hawks with nod to stimulus risk(Reuters) (2010-08-29 16:28:55)
Reuters - Federal Reserve Chairman Ben Bernanke has smoothed the ruffled feathers of anti-inflation hawks at the Fed by indicating he will only press for more policy easing if the U.S. economic slowdown worsens.
No decision on reviving homebuyer credit: Donovan(Reuters) (2010-08-29 14:38:00)
Reuters - The Obama administration has not decided whether it should resurrect a popular tax credit for first-time homebuyers, Housing and Urban Development Secretary Shaun Donovan said on Sunday.
Bank of Japan likely to meet on Monday to ease policy(Reuters) (2010-08-29 14:13:55)
Reuters - The Bank of Japan is likely to hold an emergency meeting on Monday to ease monetary policy after Governor Masaaki Shirakawa returned to Tokyo from a trip to the United States earlier than expected.
EU prods China for faster yuan rise: G20 draft(Reuters) (2010-08-28 18:38:21)
Reuters - (This story does not carry a dateline to protect the identity and location of a source) (Reuters) - The European Union thinks China has made only limited progress in allowing its yuan currency to move more rapidly, and swifter action would help safeguard a fragile economic recovery, according to a draft G20 document obtained by Reuters on Saturday.
China tells Japan wage demands "understandable"(Reuters) (2010-08-28 17:17:57)
Reuters - China says it is understandable for its workers to demand higher wages after foregoing pay increases during the worst of the economic crisis, a Japanese official said after talks with Chinese counterparts.
Wall Street awaits US jobs report(AFP) (2010-08-28 16:00:32)
AFP - Wall Street may be in for another rocky week, as traders brace for negative data topped by an expected rise in the US unemployment rate that could dampen economic recovery prospects.
Fiscal "alchemy" must mimic monetary science(Reuters) (2010-08-28 15:19:58)
Reuters - Tax and budget policies need the same regularity and independence as monetary policy if countries around the world are to cope with looming stresses from pension programs, world central bankers were told at a Federal Reserve conference on Saturday.
Japan's Noda wants to see steady efforts on yuan reform(Reuters) (2010-08-28 13:56:11)
Reuters - Japanese Finance Minister Yoshihiko Noda said on Saturday he told Chinese officials that Tokyo wants to see further efforts to make the yuan more flexible.
US Fed chief vows aggressive steps as recovery slows(AFP) (2010-08-28 07:11:48)
AFP - The US Federal Reserve chief has vowed to take aggressive steps to boost the US economy as the world's largest economy's pace of growth slowed rapidly in the second quarter.
Japan's Noda says ready to use all measures on yen(Reuters) (2010-08-28 06:38:26)
Reuters - Japanese Finance Minister Yoshihiko Noda said on Saturday he was ready to employ "all possible measures" to tackle the rise of the yen, which was having a "big impact" on the country's economy.
US-ASEAN economic ties 'priority' despite no-show(AFP) (2010-08-28 06:33:33)
AFP - Economic ties between the United States and Southeast Asia are "a high priority", an embassy spokesman said Saturday despite the absence of US officials from a key regional trade meeting.
US Fed chief vows tough steps as recovery slows(AFP) (2010-08-28 01:42:32)
AFP - The Federal Reserve chief has vowed to take aggressive steps to boost the US economy if the outlook worsened, as the world's largest economy's pace of growth slowed rapidly in the second quarter.
Recovery Slowing, Fed Ready To Help: Chairman Bernanke(Investor's Business Daily) (2010-08-27 23:52:00)
Investor's Business Daily - Federal Reserve Chairman Ben Bernanke signaled more willingness Friday to take bold action to try to bolster the recovery as the government slashed its estimate for Q2 economic growth.
California lawmakers to vote on budget plans(Reuters) (2010-08-27 23:44:47)
Reuters - California lawmakers will vote on rival plans for closing a $19 billion deficit and balancing the state's budget on Tuesday, the last day of their legislative session, aides said on Friday.
Bernanke says Fed to act if needed(Reuters) (2010-08-27 22:40:53)
Reuters - U.S. Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth.
Summary Box: Bernanke seeks to build consensus(AP) (2010-08-27 22:27:38)
AP - TOUGH JOB: Ben Bernanke is struggling to build consensus among Federal Reserve officials about what steps are needed — if any — to give the economy a boost.
Economy edges closer to stalling, government says(AP) (2010-08-27 22:00:33)
AP - WASHINGTON — The economy turns out to be weaker than we thought, and the outlook for the rest of the year is now looking dimmer.
Business Highlights(AP) (2010-08-27 21:51:53)
AP - Economy edges closer to stalling, government says
Bernanke speech shows effort to find Fed consensus(AP) (2010-08-27 21:24:44)
AP - Ben Bernanke is struggling to build consensus among Federal Reserve officials about what steps are needed — if any — to give the economy a boost.
Obama economic advisory board OKs tax report(AP) (2010-08-27 20:40:07)
AP - Any attempts to simplify the complicated U.S. tax code will produce lower taxes for some people and higher payments for others, including some of the middle-class families President Barack Obama has promised to shield from tax increases, a new report says.

Economy News @ NewsRoster.com

Yahoo U.S. Economy - Source Information

Yahoo U.S. Economy Headlines

News by day

News Sources

NewsRoster.com