Author Archive
October retail sales post best showing since March
(AP)
AP - Retail sales, helped by strong demand for autos, increased in October by the largest amount in seven months. Read the rest of this entry »
Retail sales jump on autos, building materials
(Reuters)
Reuters - Sales at U.S. retailers rose more than expected in October to post their largest gain in seven months, further evidence the economy was regaining strength. Read the rest of this entry »
Reasons to sit out GM’s initial stock offering
(AP)
AP - General Motors executives are playing up three bright spots in the company's future as they try to persuade investors to buy GM stock: a better lineup of cars and trucks, potential for global growth and a new cost structure that enables the compan... Read the rest of this entry »
Republican group to urge Fed to drop QE2: report
(Reuters)
Reuters - A group of Republican-leaning economists will launch a campaign this week calling on U.S. Federal Reserve Chairman Ben Bernanke to drop his plan to buy $600 billion more in Treasury bonds, the Wall Street Journal reported on Monday. Read the rest of this entry »
Lowe’s misses as shoppers put renovations on ice
(Reuters)
Reuters - Lowe's Cos missed quarterly sales estimates as U.S. shoppers put off expensive home renovations in a weak economy, prompting the company to forecast a full-year profit below Wall Street expectations. Read the rest of this entry »
Debt panel head: Congress must ‘face up’ to issue
(AP)
AP - The co-chairman of President Barack Obama's deficit reduction commission says Congress has to "face up" to a red-ink problem that threatens America's future. Read the rest of this entry »
Food production a bright spot in gloomy economy
(AP)
AP - While the recession took a toll on manufacturing and other industries, one part of the economy has remained a bright spot over the past few years: food production. Read the rest of this entry »
Obama’s Asian trip shows limits on global stage
(AP)
AP - President Barack Obama left Asia with a greater foothold in the emerging nations that could help shape the American economy for years. But his failure to deliver on his own high expectations on key economic issues served notice that the global sta... Read the rest of this entry »
Japan economy losing pace despite solid 3Q growth
(AP)
AP - Japan's growth accelerated in the July-September quarter thanks to robust consumer spending, offering a rare piece of positive economic news that is likely to prove fleeting. Read the rest of this entry »
Japan manages Q3 growth spurt but soft patch looms
(Reuters)
Reuters - Japan's economic growth accelerated in the third quarter as expiring government stimulus steps gave consumption a last-minute boost, marking an upward blip in a moderate slowdown that is leading the economy to a standstill. Read the rest of this entry »