Economy News

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La. casinos see 6.9 percent revenue dip 18 Nov 09, 10:30 ET AP - Louisiana's state-licensed casinos, continuing to wade through the economic downturn like their counterparts in other states, recorded a 6.9 percent drop in gambling revenue last month from the previous October, state police reported Tuesday. more Fed's Bullard: Shrinking reserves key to exit 18 Nov 09, 10:28 ET Reuters - A senior U.S. Federal Reserve official said on Wednesday the central bank may start tightening financial conditions by adjusting its extensive purchase programs, rather than by raising interest rates. more US home building slumps in October 18 Nov 09, 10:26 ET AFP - US housing starts unexpectedly slumped in October as the economy struggles to emerge from a recession sparked off by a home mortgage meltdown, government data showed Wednesday. more Geithner: Lack of small-firm loans slows recovery 18 Nov 09, 10:22 ET Reuters - U.S. Treasury Secretary Timothy Geithner on Wednesday called on banks to "get back to the business of lending" and said a tough credit environment for small businesses will slow economic recovery. more U.S. inflation edges up, housing starts fall sharply 18 Nov 09, 10:08 ET Reuters - Construction of new homes in the United States fell sharply last month, showing potential weakness in the economy's recovery, while consumer prices rose slightly more than expected. more Consumer prices up 0.3 percent in October 18 Nov 09, 09:46 ET AP - Consumer prices edged up faster than expected in October, driven higher by another increase in energy prices and the biggest jump in new car prices in 28 years. more Autos, energy push up October consumer prices 18 Nov 09, 09:36 ET Reuters - U.S. consumer prices rose more than expected in October, chiefly from increases in energy and motor vehicle costs, according to government data on Wednesday that showed the economy may have to confront some inflation threats during its recovery from the worst recession in 70 years. more Home construction plunges 10.6 percent in October 18 Nov 09, 09:34 ET AP - Construction of new homes plunged last month as builders waited to see whether lawmakers would extend a tax credit for homebuyers. more U.S. housing starts, permits fall sharply in October 18 Nov 09, 09:32 ET Reuters - New U.S. housing starts in October unexpectedly fell to their lowest level in six months, weighed down by a sharp decline in construction activity for both single-family and multi-family dwellings, a government report showed on Wednesday. more October CPI seen rising 18 Nov 09, 09:22 ET Reuters - Rising energy costs likely pushed consumer prices up in October, but core inflation was likely tempered by sagging rents, according to a Reuters poll of economists. more

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