Economy News

Last update: 58 days, 3 hours ago

Regional WA rewarded for 'driving state's economy' 8 May 08, 23:56 ET In handing down his eighth Budget yesterday, Treasurer Eric Ripper announced that regional WA had made a "phenomenal" contribution as the driving force ... more Northern economy looks for help to raise a Tiger 8 May 08, 23:49 ET By BRENDAN KEENAN A SURVEY in Wednesday's 'Belfast Telegraph' might have come as a surprise to many of the 100 top US executives attending yesterday's ... more SKorean economy shows signs of easing after 8 May 08, 23:40 ET SEOUL (Thomson Financial) - The South Korean economy has begun showing signs of easing as growth seems to have reached a peak, with consumer and corporate ... more SKorean economy shows signs of easing 8 May 08, 23:37 ET SEOUL (Thomson Financial) - The South Korean economy has begun showing signs of easing as growth seems to have reached a peak, with consumer and corporate ... more Possible Shays-Himes race may focus on economy 8 May 08, 23:30 ET Maybe the decision will come down to the economy. Maybe it will hinge on how a presidential nominee performs. There may be plenty of factors figuring in ... more Global Inflation Risks have reemerged as major threat to the world ... 8 May 08, 23:19 ET By Finfacts Team Global inflation risks have reemerged as major threat to the world economy according to the IMF. The prospect for continued relatively ... more SKorean economy shows signs of easing after hitting peak - finance ... 8 May 08, 23:16 ET - SEOUL (Thomson Financial) - The South Korean economy has begun showing signs of easing as growth seems to have reached a peak, with consumer and corporate ... more Cheney defends economy 8 May 08, 23:16 ET By BRIAN SCHEID In Northeast Philadelphia Thursday morning, Vice President Dick Cheney said that America’s economy “remains the envy of the world,” and that ... more Gas Prices Could Top $5 A Gallon In Bad Economy 8 May 08, 23:11 ET CHICAGO (CBS) ― Gas prices have reached another record high, and experts say nervous investors are partly to blame. CBS 2's Derrick Blakley reports ... more Exports propping up weak US economy 8 May 08, 23:06 ET By Michael A. Fletcher, The Washington Post WASHINGTON -- Not every part of the nation's economy is sagging, despite all the grim news: Exports are surging. ... more SOUTH KOREA'S ECONOMY SLOWS DOWN, FURTHER CONTRACTION EXPECTED 8 May 08, 22:50 ET SEOUL, May 09, 2008 (AsiaPulse via COMTEX) -- -- South Korea's economy is entering a "downward phase" after having reached its peak, weighed down by slowing ... more Why buying locally is good for our economy 8 May 08, 22:44 ET SA Great has recently launched the newest phase of its Buy SA campaign to encourage South Australian consumers to choose local products over interstate and ... more Editorial: At last, possibly some good news on the economy 8 May 08, 22:44 ET Could the sound of "Lights, Camera, Action" soon be heard in the corners of Northeast Michigan? It could indeed be a possibility as apparently Michigan's ... more S. Korea's economy goes down, further contraction expected: ministry 8 May 08, 22:43 ET SEOUL, May 9 (Yonhap) -- South Korea's economy is entering a "downward phase" after having reached its peak, weighed down by slowing domestic demand, ... more Manhattan's economy down, officials aren't worried 8 May 08, 22:40 ET In Manhattan Thursday, cash registers are ringing, but not as much as they have been in the past few years. Despite hundreds of shoppers around Manhattan, ... more The struggling economy hurts the elderly 8 May 08, 22:36 ET By Carolyn Tyler SAN RAFEAL, CA (KGO) -- These are tough financial times for many Americans and for those with little discretionary income, some things that ... more US economy worries author 8 May 08, 22:26 ET By Bill Pike • bpike@courier-journal.com • May 8, 2008 Is the United States headed for the type of financial collapse that Great Britain faced after World ... more US economy: Is recession fear all over? 8 May 08, 22:23 ET NEW YORK: Same-store sales at Wal-Mart were up 3.2% in April, better than expected. At Costco, same-store sales were up 8% in April, also better than ... more Japanese economy likely extended growth in Q1 on stronger exports 8 May 08, 22:16 ET TOKYO (Thomson Financial) - The Japanese economy is expected to have grown modestly for the third straight quarter in the three months ended in March as ... more 'China to strengthen economy cooling steps' 8 May 08, 22:13 ET SHANGHAI: Inflation remains China's biggest economic problem and fixed investment growth is still too high, so authorities will continue to strengthen and ... more Leay casts shadow on economy 8 May 08, 22:02 ET By TRACY NEAL - Nelson | Friday, 09 May 2008 Nelson entrepreneur Barrie Leay cast a foreboding shadow on the future of the Nelson economy at a luncheon in ... more Lobster boat builders pinched as catch drops, economy slows 8 May 08, 21:43 ET By CLARKE CANFIELD, AP Writer JONESPORT, Maine — For the first time in 24 years of building lobster boats, Wayne Beal doesn't have any job orders. ... more Restaurateurs Think Love Of Mom Will Trump Weak Economy 8 May 08, 21:42 ET By EMILY FREDRIX | AP MILWAUKEE - It's a few days before Mother's Day, and Robert Jenkins jumps every time the phone rings. He has about 220 reservations at ... more Charities suffer in sagging economy 8 May 08, 21:24 ET Growing unemployment and rising costs for food, energy and medical care add up to greater need, and more stress on the region's nonprofit sector. ... more Economy Won¡¯t Grow Above 4.5%: BOK Chief 8 May 08, 21:24 ET Bank of Korea Governor Lee Seong-tae on Thursday said it would be difficult to achieve economic growth higher than 4.5 percent, and it is likely that it ... more Despite ailing economy, restaurant industry hoping strong Mother's Day 8 May 08, 21:14 ET By Emily Fredrix, AP It's a few days before Mother's Day, and Robert Jenkins jumps every time the phone rings. He has about 220 reservations at his ... more Economy deals cardrooms lousy hand 8 May 08, 21:14 ET By JEFFREY MIZE, Columbian Staff Writer La Center’s four cardrooms, after beginning to rebound from the statewide smoking ban that took effect in 2006, ... more Correction: US-Economy story 8 May 08, 21:08 ET AP WASHINGTON: In a May 7 story about productivity, The Associated Press reported erroneously that the Federal Reserve last week had boosted a key interest ... more News Corp sees economy hurting advertising 8 May 08, 21:02 ET By Kenneth Li NEW YORK (Reuters) - Rupert Murdoch said on Wednesday stress in the US economy is squeezing advertising budgets, adding that News Corp's Fox ... more Local malls expand, despite lagging economy 8 May 08, 20:46 ET By TIM HAECK While budget conscious Americans are looking for ways to cut back, America's shopping malls are expanding. Huge projects are in the works in ... more The Economy Is Worse Than We Know: Check Out These Numbers! 8 May 08, 20:43 ET Sorry to be the one to add more doom and gloom to an already rocky financial landscape, but the economy might be even worse than we think. ... more Vladimir Putin pledges to transform economy of Russia into a world ... 8 May 08, 20:38 ET Vladimir Putin, Russia’s new Prime Minister, has promised to transform his country into a leading economic power and he predicted that its economy would be ... more State's economy doing better than nation's 8 May 08, 20:33 ET by Betty Beard - May. 8, 2008 05:25 PM A new survey reports that Arizona small-business owners are less pessimistic about the state's economy than the ... more Putin pledges to tranform economy of Russia 8 May 08, 20:32 ET Vladimir Putin, Russia’s new Prime Minister, has promised to transform his country into a leading economic power and he predicted that its economy would be ... more Survey: State's economy doing better than nation's 8 May 08, 20:27 ET by Betty Beard - May. 8, 2008 05:25 PM A new survey reports that Arizona small-business owners are less pessimistic about the state's economy than the ... more Economy impacts 2009 Gainesville city budget, but no tax increase ... 8 May 08, 20:07 ET By Jerry Gunn Staff GAINESVILLE - Gainesville City Manager Bryan Shuler presented a balanced fiscal year 2009 budget to the city council Thursday morning ... more Australia's Swan: Interest Rate Rises Are Slowing Economy 8 May 08, 19:57 ET CANBERRA -(Dow Jones)- Australian Treasurer Wayne Swan said Friday that recent increases in interest rates are slowing the country's economy. "Eight interest rate rises in three years have slowed the economy and a slowing world economy will slow the (domestic) economy," he told reporters. more 6 NJ GOP Congressional Candidates Urge McCain To Focus On the ... 8 May 08, 19:51 ET New Jersey conservative Republican leader Dr. "Maverick Murray" Sabrin, the Garden State's strongest advocate of limited government and individual freedom ... more The worst of the credit crisis in US economy is over, - Alan Greenspan 8 May 08, 19:48 ET Former Federal Reserve Chairman Alan Greenspan said on Thursday that the worst of the credit crisis is over, according to sources who attended a speech he ... more Cedar Fair Expects Strong Summer Turnout Despite Economy 8 May 08, 19:41 ET The owners and operators of Dorney Park says despite the sluggish economy, they expect to have a successful summer. Cedar Fair's Chief Executive Officer ... more Business and Economy 8 May 08, 19:36 ET Two years after the death of Chief Eschor, the chapter’s chairman, the Calabar chapter of the Chartered Insurance Institute of Nigeria (CIIN) inaugurated a ... more Economy is issue No. 1: poll 8 May 08, 19:26 ET OTTAWA - Concern about the Canadian economy is greater than it has been in a decade, according to an Ipsos-Reid poll that shows it has overtaken the environment as the No. 1 issue on Canadians' list of worries in large chunks of the country. more Texas economy is continuing to outpace the nation 8 May 08, 18:53 ET The Texas economy has been dragging its feet since January, but continues to outperform the nation, according to an update from the Federal Reserve Bank of ... more Retail Sales In April Top Views Despite Drags On Consumer 8 May 08, 18:51 ET Investor's Business Daily - After a dismal March, retailers rang up solid sales last month, with most topping views as shoppers grabbed bargains and snapped up warm-weather goods. more Clinton Talks Energy Economy 8 May 08, 18:51 ET Despite a fresh round of calls for her to drop out the race, Presidential candidate Hillary Clinton is sticking to the issues. And the one that keeps rising ... more Economy may undercut upfront 8 May 08, 18:49 ET By Paul J. Gough Recession fears and a ratings hangover from the WGA strike are throwing uncertainty into this year's upfront marketplace. ... more How to Rule the World: The Coming Battle Over the Global Economy 8 May 08, 18:34 ET On Thursday, May 15th from 6-8pm, at the Peace and Justice Center at 21 Church Street in Burlington, Vermont, Mark Engler will be discussing and reading ... more Professor: United States economy strong enough to fight off recession 8 May 08, 18:29 ET By HAROLD COBIN WILTON — Is the size and diversity of the US economy enough to ward off a recession, or will rising unemployment, declining home prices and ... more Slowing Economy Hurting Non-Profit Organizations 8 May 08, 18:10 ET By NBCAugusta Reporters A shelter caring for people in need is feeling the effects of our slowing economy. The House of Plenty, which houses dozens of women ... more Soft economy gives REITs 'competitive advantage,' COPT's Griffin says 8 May 08, 18:09 ET While not insulated from the economic woes facing businesses across the nation, Columbia-based Corporate Office Properties Trust CEO Randall M. Griffin said ... more Specialty markets adjust with the economy 8 May 08, 18:04 ET By Shannon Johnson GRAND BLANC TOWNSHIP (WJRT) -- (05/08/08)-- Americans are grumbling about the price of food in regular grocery stores. ... more More People Pawning Valuables To Deal With The Pinch Of The Economy 8 May 08, 17:56 ET NBC25 NEWS - The economy is hard on just about everyone, but one business is thriving right now: pawn shops. Robert Griffith is pawning his radio and ... more State's economy shows signs of life 8 May 08, 17:52 ET By Doug Murphy | AFN Despite some positive hints that the state's economy may be rebounding, March general fund collections were 13.3 percent under last ... more Economy shows further signs of cooling 8 May 08, 17:51 ET OTTAWA - The Canadian dollar fell nearly a cent Thursday in the wake of further evidence the domestic side of Canadian economy is cooling, with news of a ... more More shoppers seeking shelter from economy in discounters 8 May 08, 17:51 ET NEW YORK (AP) - Caught in the maelstrom of higher gas and food prices, Americans -- even more affluent ones -- are seeking shelter in wholesale clubs and ... more Has the economy changed your gambling habits? 8 May 08, 17:18 ET Has the economy changed your gambling habits? more London and South East gaining as powerhouse of economy 8 May 08, 16:49 ET The extent to which London and the South East prop up the British economy has been disclosed by data on the North-South divide. It found that workers in the ... more A Weak Dollar and Sluggish US Economy Accelerate Toyota’s Retreat ... 8 May 08, 16:34 ET By Jason Simpkins A weak dollar and an even weaker US economy have proved to be serious roadblocks for Toyota Motor Corp. (TM), which reported a 28% decline ... more Local economy not to blame for slow housing starts 8 May 08, 16:30 ET New home starts in the city have slowed to a crawl this year but housing experts say Thunder Bay's economy is not the only possible reason for it. ... more Warehouse Sales Growth Not a Good Sign for the US Economy 8 May 08, 16:28 ET By Jennifer Yousfi April was a strong month for retail sales, with Thomson Reuters data showing 68% of stores reported better-than-expected same-store sales ... more The Economy Can Still Tank 8 May 08, 16:27 ET by Jeff Madrick On Tuesday, Treasury chief Henry Paulson announced that the president would veto the Democrat’s proposal to staunch the rising number of ... more Navigating the Dual Economy 8 May 08, 16:10 ET CHICAGO, May 8 /PRNewswire/ -- "The dual economy, or income inequalities, is one of the greatest challenges that we face. If not solved, it will not only ... more Big Island Economy: Slippin' into Darkness 8 May 08, 15:46 ET By Ted Hong, 5/8/2008 9:36:43 AM The temporary shut down of Aloha Airlines’ cargo division, the permanent shutdown of Aloha’s passenger operations, ... more Greenspan says worst of credit crisis over: sources 8 May 08, 15:21 ET Reuters - Former Federal Reserve Chairman Alan Greenspan said on Thursday that the worst of the credit crisis is over, according to attendees at a New York speech. more Will love of mom overcome economy worrie 8 May 08, 15:11 ET MILWAUKEE (AP) - It's a few days before Mother's Day and Robert Jenkins jumps every time the phone rings. He's got about 220 reservations at his Cajun-style ... more Conference Call: Strong Tool in Slow Economy 8 May 08, 15:08 ET By Susan J. Campbell, TMCnet Contributing Editor The downturn in today's economy has impacted individuals and businesses throughout multiple industries ... more Rates on 30-year mortgages edge down slightly 8 May 08, 14:59 ET AP - Rates on 30-year mortgages edged down slightly this week, but remained above 6 percent for the third straight week. more Economy, change cited in incumbent losses - The Flint Journal 8 May 08, 14:55 ET By RoNeisha Mullen GENESEE COUNTY - Did voters take their frustrations to the polls Tuesday, or were they just ready for change? Probably both, analysts say ... more *** Up, down…up, down - what's the economy telling us?…a look at ... 8 May 08, 14:49 ET Yesterday, the Dow fell more than 200 points. Oil, up $1.69, hit a new record. The dollar rose to $1.53 per euro. And gold lost ground…dropping down to $871 ... more @ Needham Digital Media Con: Spanfeller: Economy Isn’t Only Factor ... 8 May 08, 14:46 ET By Joseph Weisenthal - Thu 08 May 2008 11:11 AM PST Brand advertising growth has slowed down online, but the weakening economy is just one factor, ... more San Diego Economy, Real Estate Likely to Remain Unsettled 8 May 08, 14:39 ET The San Diego area’s economy will remain beset by job losses in real estate and weak growth in other sectors for at least another two quarters, according to ... more Soft economy gives REITs 'competitive advantage,' COPT's Griffin 8 May 08, 14:33 ET While not insulated from the economic woes facing businesses across the nation, Columbia-based Corporate Office Properties Trust CEO Randall M. Griffin said ... more Will love of mom overcome economy worries 8 May 08, 14:32 ET MILWAUKEE (AP) - It's a few days before Mother's Day and Robert Jenkins jumps every time the phone rings. He's got about 220 reservations at his Cajun-style ... more US art buyers defy economy at Sotheby's auction 8 May 08, 14:31 ET By Michelle Nichols NEW YORK (Reuters) - American art collectors defied a sinking US economy on Wednesday, making up nearly 70 percent of buyers at a ... more EIB Supports South African Economy with EUR 12.5 million Loan to ... 8 May 08, 14:23 ET The European Investment Bank (EIB) is lending EUR 12.5 million to Safal Steel to support the establishment of a Greenfield metal coating production facility ... more U.S. art buyers defy economy at Sotheby's auction 8 May 08, 14:19 ET American art collectors defied a sinking U.S. economy on Wednesday, making up nearly 70 percent of buyers at a Sotheby's New York sale that saw records smashed for work by artists Edvard Munch and Fernand Leger. more German economy feels the pinch from global headwinds 8 May 08, 14:12 ET German industrial output and exports fell in March, data showed Thursday, as a stronger euro, weaker global demand and high raw material prices left their mark on Europe's largest economy. more @ Needham Digital Media Con: Spanfeller: Economy Isn't Only Factor In Slower Growth; Forbes.com IPO? 8 May 08, 14:11 ET Brand advertising growth has slowed down online, but the weakening economy is just one factor, according to Jim Spanfeller, CEO of Forbes.com. During a keynote interview with senior analyst Mark May at the Needham Internet and Digital Media Conference, Spanfeller attributed the lower growth rates to size and maturity, as well as a failure of quality supply to keep up with demand—hence the ... more Slumping economy: It's a guy thing 8 May 08, 13:42 ET Jim Mone / AP By Peter Coy They eat from the same dishes and sleep in the same beds, but they seem to be operating in two different economies. ... more Economic anxiety hits U.S. women harder than men: study 8 May 08, 13:33 ET Reuters - The U.S. economic downturn has spread personal financial worries far and wide but women, are more worried about paying bills, losing jobs, providing for children and saving for retirement, according to a study released on Thursday. more Economy, market changes mean jobs won't return to Truck Assembly ... - The Flint Journal 8 May 08, 13:29 ET by Ron Fonger | The Flint Journal FLINT, Michigan -- The union representing workers at Flint Truck Assembly Plant doesn't expect General Motors to bring ... more Report: Confidence in economy continues to decline 8 May 08, 13:28 ET By Craig Wolf • Poughkeepsie Journal • May 8, 2008 Consumers are less confident in the economy than they were, a report out today says. ... more Confidence level plunges with economy 8 May 08, 13:26 ET If they were dancing the limbo, New York consumers might be asked: How low can you go? Survey results released Thursday by the Siena (College) Research ... more Stocks edge higher as investors watch oil retreat 8 May 08, 13:20 ET AP - Wall Street rebounded modestly Tuesday as oil prices paused in their record-breaking run and investors sifted through sales figures from retailers that were generally not as gloomy as anticipated. more Consumers give stores some relief but still spend cautiously 8 May 08, 13:19 ET AP - Consumers gave some of the nation's retailers a little relief in April after months of dismal sales, gravitating toward less expensive discounters and wholesale clubs but generally still shying away from stores selling clothes and other non-necessities. more Shoppers go for bargains in April rebound 8 May 08, 13:07 ET Reuters - Retail sales rebounded in April after the worst March in 13 years, as warmer weather boosted demand for spring and summer apparel, and most discounters shined as cash-strapped consumers hunted for bargains. more Tory tax cuts will exacerbate inequalities in Canadian economy: study - Metro Canada 8 May 08, 13:02 ET OTTAWA - A think tank has criticized the Conservative government's corporate tax-cut regime, saying it will only exacerbate existing inequalities in ... more Will love of mom overcome economy worries on Mother‘s Day? 8 May 08, 13:00 ET MILWAUKEE - It‘sa few days before Mother‘s Day and Robert Jenkins jumps every time the phone rings. ... more Spanish Economy Minister says the real estate market must correct ... 8 May 08, 13:00 ET By hb - May 8, 2008 - 6:53 PM Pedro Solbes told the Economy and Tax Commission in Congress that he is against intervention to halt the adjustment in the ... more Will love of mom overcome economy worries on Mother's Day? 8 May 08, 12:50 ET AP - It's a few days before Mother's Day and Robert Jenkins jumps every time the phone rings. more Gas prices jump nearly 3 cents to record, while oil pauses 8 May 08, 12:40 ET AP - Gas prices jumped nearly 3 cents overnight to a new national record of nearly $3.65 a gallon Thursday, while oil prices paused from their own climb to record highs and succumbed to mild profit-taking. more NDC Will Improve Economy '“ Flag Bearer 8 May 08, 12:05 ET By GNA Prof John Evans Atta Mills, Flag Bearer of the National Democratic Congress (NDC), for Elections 2008 yesterday said the task of the Party would be ... more UPDATE 2-US' Paulson-Tax rebates to aid economy by summer 8 May 08, 12:04 ET By Ros Krasny KANSAS CITY, Mo., May 8 (Reuters) - US Treasury Secretary Henry Paulson said on Thursday tax rebates now being issued to Americans will ... more Zimbabwe deadlock hurts efforts on economy -cbank 8 May 08, 12:04 ET HARARE, May 8 (Reuters) - Zimbabwe's election stalemate is harming prospects for rescuing the battered economy and political opponents need to work together ... more How Vulnerable Is the Economy to Individual Industry Sectors? 8 May 08, 12:03 ET I recently wrote a post where I offered that the economy was seeing bear markets in certain specific industries. I mentioned the airline industry, ... more Canada's Boomers Primed to Spend, despite Troubled Economy: Poll 8 May 08, 12:01 ET Ipsos Reid Study Warns Advertisers: Boomers Feel Neglected TORONTO, May 8 /CNW Telbec/ - Canada's slowing economy could get a shot in the arm from consumer ... more Materials, energy shares lift Wall St 8 May 08, 11:56 ET Reuters - Stocks rose on Thursday as higher metals prices boosted materials shares, while energy and technology shares also gained, recovering from the previous session's decline. more Tax cuts will worsen inequalities in economy: study 8 May 08, 11:56 ET OTTAWA -- A think tank has criticized the Conservative government's corporate tax-cut regime, saying it will only exacerbate existing inequalities in ... more Jobless claims show labor not deteriorating rapidly 8 May 08, 11:52 ET Reuters - The number of U.S. workers filing claims for initial jobless benefits fell more than expected last week, according to a report on Thursday that suggested the labor market, while soft, was not deteriorating rapidly. more Elbert Hospital helps local economy 8 May 08, 11:34 ET ELBERT COUNTY — In 2005, Elbert Memorial Hospital generated more than $33.8 million in revenue for the local economy, according to a recent report by the ... more ECB's Papademos says Greek economy should strengthen its ... 8 May 08, 11:33 ET ATHENS (Thomson Financial) - European Central Bank Vice-President Lucas Papademos said Greece should pursue policies that could further boost its ... more Bummed by economy? Harley-Davidson says 'screw it' 8 May 08, 11:31 ET AP MINNEAPOLIS - Harley-Davidson has a message for those bummed out by bad economic news: "So screw it, let's ride." Minneapolis ad firm Carmichael Lynch ... more Treasury secretary says economy is going through a 'difficult patch' 8 May 08, 10:48 ET Treasury Secretary Henry Paulson said today the US economy is going through "a difficult patch'' and signaled opposition to a congressional bill to prevent ... more Report: County's Economy Not Hit As Hard As Rest Of State 8 May 08, 10:48 ET SAN DIEGO -- The lagging real estate market has hit San Diego's economy hard, but it's not as bad as elsewhere in California and things could begin to turn ... more ECB's Papademos says Greece's economy should strengthen its ... 8 May 08, 10:47 ET ATHENS (Thomson Financial) - European Central Bank Vice-President Lucas Papademos said Greece should pursue policies that could further boost its ... more Latin America will be able to decouple from US recession - Moody's ... 8 May 08, 10:47 ET MUMBAI (Thomson Financial) - Moody's Economy.com said the recessionary effects from the US will not be magnified internally in Latin America and it will be ... more Tory tax cuts will exacerbate inequalities in Canadian economy: study 8 May 08, 10:44 ET OTTAWA - A think tank is criticizing the Conservative government's corporate tax-cut regime, saying it will only exacerbate existing inequalities in ... more Survivor: The Economy