Economy / Tags / Economy

ECONOMY Fri Sep 5, 2008 @ 6:01pm neoform

biz.yahoo.com -- NEW YORK (AP) -- U.S. companies have cut more than 550,000 jobs so far in 2008 as they try to preserve their profits in a slumping economy, but analysts say such downsizing must be done carefully for corporations to have any long-term benefits. A continu.. Read More

ECONOMY Fri Sep 5, 2008 @ 12:01pm neoform

biz.yahoo.com -- The unemployment rate is now above 6% for the first time since 2003 and more than 600,000 jobs have been lost so far this year. Clearly, declining house prices, the credit crunch, sky-high energy costs and the overall weakening economy is a big reason be.. Read More

ECONOMY Fri Sep 5, 2008 @ 9:01am neoform

biz.yahoo.com -- NEW YORK (Reuters) - U.S. stock futures sharply extended losses on Friday as a government report showed the U.S. economy shed 84,000 jobs in August, significantly more than economists had expected, and the unemployment rate climbed to a 4-1/2-year high... Read More

ECONOMY Fri Sep 5, 2008 @ 9:01am neoform

biz.yahoo.com -- WASHINGTON (AP) -- The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike. The Lab.. Read More

ECONOMY Fri Sep 5, 2008 @ 9:00am neoform

biz.yahoo.com -- HELSINKI (Reuters) - The world's top mobile phone maker Nokia (Helsinki:NOK1V.HE - News) warned on Friday that the soft global economy, tough competition from rivals and a weak handset portfolio would hit its market share in the third quarter. Nokia sha.. Read More

ECONOMY Fri Sep 5, 2008 @ 9:00am neoform

biz.yahoo.com -- NEW YORK (AP) -- Wall Street looked to extend its sharp decline Friday after the government disappointed investors with news that the economy shed jobs for the eighth straight month in August and at a faster-than-expected pace. The Labor Department said.. Read More

ECONOMY Thu Sep 4, 2008 @ 3:00pm neoform

biz.yahoo.com -- SALT LAKE CITY, Utah (Reuters) - U.S. economic growth will be "subpar" in the second half of the year and interest rates must be set at levels that reflect the "substantial headwinds" facing the economy, San Francisco Federal Reserve Bank President Janet.. Read More

ECONOMY Wed Sep 3, 2008 @ 3:01pm neoform

biz.yahoo.com -- WASHINGTON (Reuters) - Economic activity has been slow across most of the United States in recent weeks, but there has been some relief from high commodity and energy prices, the Federal Reserve said on Wednesday. "The pace of economic activity has been.. Read More

ECONOMY Wed Sep 3, 2008 @ 3:00pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- The nation struggled with slow economic growth and still-high prices that are weighing on consumers and businesses alike as the race for the White House kicks into high gear. The Federal Reserve's new snapshot of business conditions, r.. Read More

ECONOMY Wed Sep 3, 2008 @ 9:03am neoform

biz.yahoo.com -- With the economy front and center in the Presidential campaign, it's no surprise that attention is centering, at least in part, on key Midwestern states like Ohio and Michigan. There, concerns over jobs and the manufacturing economy have made for grueling.. Read More

ECONOMY Tue Sep 2, 2008 @ 6:01pm neoform

biz.yahoo.com -- NEW YORK (AP) -- With the economy slumping and fuel prices soaring, facials and massages may not be a top priority for consumers on a budget. But America's top spas, gathered in New York for the annual meeting of the International Spa Association, are tr.. Read More

ECONOMY Mon Sep 1, 2008 @ 3:00pm neoform

biz.yahoo.com -- Hurricane Gustav hit the U.S. Gulf Coast on Monday with far less force than Hurricane Katrina did three years ago, but its economic bite could be worse as it hits a national economy that is far weaker than the one battered by Katrina in 2005. Economists.. Read More

ECONOMY Mon Sep 1, 2008 @ 9:03am neoform

biz.yahoo.com -- PARIS (AP) -- The French prime minister said Monday that he expects France's economy to grow "at least 1 percent" this year, down from the government's previous prediction for as much as 2 percent growth. Francois Fillon told a French radio station that.. Read More

ECONOMY Sun Aug 31, 2008 @ 3:01pm neoform

biz.yahoo.com -- NEW YORK (AP) -- All the data that Wall Street has seen lately seems to be pointing to a dual economy, one in which businesses are generally faring better than consumers. And reports coming out this week will indicate whether that trend is continuing. Ev.. Read More

ECONOMY Sat Aug 30, 2008 @ 12:01pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- President Bush said Saturday that Americans may have cause this Labor Day weekend to start worrying less about the nation's -- and their families' -- economic health. "There have been some recent signs that our economy is beginning to.. Read More

ECONOMY Sat Aug 30, 2008 @ 9:00am neoform

biz.yahoo.com -- The Reuters/U. Mich. consumer sentiment index rose to 63 in Aug. from the midmonth reading of 61.7 and July's 61.2 as gasoline prices fell. It was the best reading since March, but 90% of consumers believe the economy is in a recession. Japanese inflation.. Read More

ECONOMY Fri Aug 29, 2008 @ 6:01pm neoform

biz.yahoo.com -- NEW YORK (AP) -- The newspaper industry's downward spiral is accelerating as the weak U.S. economy depresses already-tumbling advertising revenue and forces more rounds of job cuts and other trims. The latest developments make it even more difficult for.. Read More

ECONOMY Fri Aug 29, 2008 @ 3:01pm neoform

biz.yahoo.com -- U.S. Treasury bond prices fell Friday as investors weighed conflicting readings on the health of the nation's economy. The benchmark 10-year note fell 12/32 to 101 13/32 and its yield rose to 3.83% from 3.78% late Thursday. Bond prices and yields move in.. Read More

ECONOMY Fri Aug 29, 2008 @ 12:00pm neoform

biz.yahoo.com -- OTTAWA (AP) -- Canada's economy grew by a weaker-than-expected 0.3 percent in the second quarter after contracting more than initially reported in the first three months of the year, the government said Friday Statistics Canada had previously reported th.. Read More

ECONOMY Thu Aug 28, 2008 @ 6:00pm neoform

biz.yahoo.com -- WASHINGTON (Reuters) - Strong exports and consumer spending supported by government stimulus checks drove the U.S. economy up at a solid 3.3 percent annual rate in the second quarter, much faster than first thought, but growth is expected to flag as thos.. Read More