Economy / Tags / Recession

ECONOMY Mon Nov 17, 2008 @ 3:01pm neoform

biz.yahoo.com -- Oil prices churned Monday as fears over the global economic slowdown accelerated on news that Japan officially fell into a recession. Light sweet crude for December delivery fell $1.69 cents to $55.35 a barrel. Oil prices traded in a nearly $4 range in v.. Read More

ECONOMY Mon Nov 17, 2008 @ 12:01pm neoform

biz.yahoo.com -- By Jeremy Gaunt and Patricia Zengerle LONDON/ WASHINGTON (Reuters) - Japan on Monday became the latest major economy to fall into recession, with France close behind, and U.S. stocks followed world markets lower after Citigroup said it would cut 50,000 j.. Read More

ECONOMY Sat Nov 15, 2008 @ 6:01pm neoform

biz.yahoo.com -- WASHINTON (AP) -- European Commission President Jose Manuel Barroso said Saturday that Europe's biggest threat is recession and countries should be allowed leeway in running up deficits. "We are living in exceptional conditions: the menace today is not i.. Read More

ECONOMY Fri Nov 14, 2008 @ 6:00pm neoform

biz.yahoo.com -- A look at economic developments and stock market activity around the world Friday: BRUSSELS, Belgium -- The 15 countries that use the euro are officially in a recession, the European Union said, as their economies shrank for a second straight quarter bec.. Read More

ECONOMY Fri Nov 14, 2008 @ 9:01am neoform

biz.yahoo.com -- By Elizabeth Piper LONDON (Reuters) - World leaders headed to Washington on Friday to seek ways to tackle a global economic crisis that has plunged much of Europe into its first recession since the euro currency was formed. The worst financial crisis in.. Read More

ECONOMY Thu Nov 13, 2008 @ 9:01am neoform

biz.yahoo.com -- By Keith Weir LONDON (Reuters) - Germany is in recession and China's industry output growth has waned to its weakest in seven years, data from the world's top exporting nations showed on Thursday, providing further evidence of a global economic slide. A.. Read More

ECONOMY Fri Nov 7, 2008 @ 3:01pm neoform

biz.yahoo.com -- Nearly 1.2 million jobs have been lost this year. The unemployment rate is at its highest level since 1994. Retail sales were dismal last month and for automakers, October was the worst month in more than a quarter-century. But guess what? The United Sta.. Read More

ECONOMY Wed Nov 5, 2008 @ 6:01pm neoform

biz.yahoo.com -- NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors absorbed a stream of bad economic news and wondered how a Barack Obama presidency will help the country weather a possibly severe recession. Volatility returne.. Read More

ECONOMY Wed Nov 5, 2008 @ 3:02pm neoform

biz.yahoo.com -- U.S. Treasury prices were largely unchanged Wednesday as investors weighed the rising cost of the financial bailout with what appears to be a deep and prolonged economic recession. Credit markets, however, got an encouraging boost as lending rates fell t.. Read More

ECONOMY Mon Nov 3, 2008 @ 3:01pm neoform

biz.yahoo.com -- NEW YORK (AP) -- Business at manufacturers from plastic companies to lumberyards plummeted to the lowest level in 26 years in October, in what many economists called a sure sign of recession. The Institute for Supply Management said Monday its manufactur.. Read More

ECONOMY Mon Nov 3, 2008 @ 3:01pm neoform

biz.yahoo.com -- Treasurys edged higher Monday as investors balance ongoing recession fears with anticipation that the government will again announce billions of dollars worth of government debt auctions this week to fund its financial rescue programs. The government may.. Read More

ECONOMY Mon Nov 3, 2008 @ 9:01am neoform

biz.yahoo.com -- By Mike Peacock LONDON (Reuters) - Profits evaporated at leading banks on Monday and authorities worldwide pressed on with efforts to temper a recession that policymakers said had become reality for much of the globe. The European Commission said the 15.. Read More

ECONOMY Sat Nov 1, 2008 @ 3:00pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- With the global economy at risk of a deep recession, many battered areas of the economy stand to suffer more damage in coming months. Other industries, though, seem poised to withstand even a severe downturn. The health care sector sho.. Read More

ECONOMY Sat Nov 1, 2008 @ 3:00pm neoform

biz.yahoo.com -- PIERRE, S.D. (AP) -- Have gun, will travel -- even if the economy's shot. In the heart of South Dakota's pheasant-hunting country, license sales have been strong this fall despite gasoline prices near $3 a gallon and a looming recession. Ditto for huntin.. Read More

ECONOMY Sat Nov 1, 2008 @ 9:00am neoform

biz.yahoo.com -- WASHINGTON (AP) -- Evidence of a recession piled ever higher Friday, with new figures showing Americans are spending less and gloomy about the economy, while the government signaled it won't buy stock in the financing arms of auto companies to prop them u.. Read More

ECONOMY Fri Oct 31, 2008 @ 6:00pm neoform

biz.yahoo.com -- WASHINGTON (AP) -- Evidence of a recession piled ever higher Friday, with new figures showing Americans are spending less and gloomy about the economy, while the government signaled it won't buy stock in the financing arms of auto companies to prop them u.. Read More

ECONOMY Thu Oct 30, 2008 @ 12:01pm neoform

finance.yahoo.com -- WASHINGTON (AP) -- The government reported Thursday the economy shrank in the summer, the strongest signal yet that a recession may have already begun, a day after the Federal Reserve slashed a key interest rate to battle an economic downturn. The Commer.. Read More

ECONOMY Thu Oct 30, 2008 @ 9:01am neoform

finance.yahoo.com -- WASHINGTON (AP) -- The economy jolted into reverse during the third quarter as consumers cut back on their spending by the biggest amount in 28 years, the strongest signal yet the country has hurtled into recession. The broadest barometer of the nation's.. Read More

ECONOMY Mon Oct 27, 2008 @ 12:01pm neoform

biz.yahoo.com -- NEW YORK (AP) -- Stocks fluctuated Monday as investors tried to determine how the government's efforts to prop up the banking sector and aid the economy might help stave off a protracted global recession. In late morning trading, the Dow Jones industrial.. Read More

ECONOMY Mon Oct 27, 2008 @ 9:01am neoform

biz.yahoo.com -- LONDON (AP) -- British Prime Minister Gordon Brown said Monday he planned to increase government spending by borrowing more to cushion the country's fall into recession. "The responsible course of action is borrowing for what is necessary now and for the.. Read More