| |  Economy sheds most jobs since 2003, more cuts seen
Oct 3 2008 11:06PM CT
WASHINGTON (AP) - Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, an urgent signal the country may be careening toward a deep and painful recession just as Americans prepare to elect a new president. | | |
Payrolls drop by most in 5 years; more pain ahead
Oct 3 2008 2:21PM CT
(AP) - THE LATEST: Employers slashed 159,000 jobs in September, the most in more than five years and the ninth month in a row of nationwide job losses. So far this year, the economy has lost a staggering 760,000 jobs. | | |
Factory orders drop by 4 percent in August
Oct 2 2008 9:38AM CT
WASHINGTON (AP) - Orders to U.S. factories plunged by the largest amount in nearly two years in August as the credit strains began to hit manufacturing with full force. | | |
Jobless claims pushed to 7-year high
Sep 25 2008 9:23AM CT
WASHINGTON (AP) - New claims for unemployment benefits jumped last week to their highest level in seven years due to the impact of a slowing economy and Hurricanes Ike and Gustav, the Labor Department reported Thursday. | | |
Durable goods orders drop 4.5 percent in August
Sep 25 2008 8:15AM CT
WASHINGTON (AP) - Orders for big-ticket manufactured goods plunged in August by the largest amount in seven months as demand for both airplanes and autos fell sharply. | | |
Banks, Wall Street firms borrow more from Fed
Sep 18 2008 3:47PM CT
WASHINGTON (AP) - Banks and Wall Street firms ramped up borrowing from the Federal Reserve's emergency lending facility over the past week, a fresh sign of the credit stresses plaguing the country. | | |
Fed leaves key rate unchanged
Sep 16 2008 2:39PM CT
WASHINGTON (AP) - The Federal Reserve kept a key interest rate unchanged Tuesday, saying that strains in financial markets have "increased significantly" but that it would keep an eye on them and act, if needed. | | |
USDA cuts estimates for corn, soybean harvests
Sep 12 2008 9:56AM CT
WASHINGTON (AP) - The Agriculture Department on Friday reduced its forecast for this year's corn and soybean harvests due to drier weather, potentially leading to higher commodity prices. | | |
Japan reports economy shrank 3 percent April-June
Sep 11 2008 9:09PM CT
TOKYO (AP) - Japan's economy shrank at a 3 percent annual rate in the April-June quarter, the government said Friday in a lowered revision of an already pessimistic reading for the world's second biggest economy. | | |
Settlement reached in AIG shareholder lawsuit
Sep 11 2008 3:51PM CT
WILMINGTON, Del. (AP) - Attorneys for a Louisiana pension fund have reached a $115 million settlement in a shareholder lawsuit against former executives of insurance giant American International Group Inc. | | |
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