Obama kicks off campaign with infrastructure plan
(Reuters)
Tue, 7 Sep 2010, 34 mins agoReuters - President Barack Obama, scrambling to jump-start job creation in a sluggish U.S. economy, proposed a six-year plan on Monday to rebuild aging roads, railways and runways with an initial $50 billion investment.
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As Democrats fear rout, Obama launches new jobs push
(AFP)
Mon, 6 Sep 2010, 3 hours agoAFP - US President Barack Obama Monday promised more than 50 billion dollars to create jobs rebuilding roads, railways and airports, targeting huge unemployment and ripping resurgent Republicans.
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(AP)
Mon, 6 Sep 2010, 5 hours agoAP - President Obama says rewarding greed, recklessness, special interests won't fix economy.
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Greeting card giant Hallmark heads for 2nd century
(AP)
Mon, 6 Sep 2010, 7 hours agoAP - Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.
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Fed should not set limit on economy aid: Kohn
(Reuters)
Mon, 6 Sep 2010, 8 hours agoReuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.
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World stocks gain, dollar falls
(AFP)
Mon, 6 Sep 2010, 13 hours agoAFP - Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.
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Labor secretary: Obama doing good job on economy
(AP)
Mon, 6 Sep 2010, 13 hours agoAP - Labor Secretary Hilda Solis is defending President Barack Obama's efforts to combat the recession and unemployment, saying his focus has been on helping the jobless and underemployed.
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Obama to launch political offensive on economy
(AFP)
Mon, 6 Sep 2010, 14 hours agoAFP - US President Barack Obama will travel to the Midwestern US state of Wisconsin Monday as part of a broad effort to stem ebbing political support over the slowing economic recovery.
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China Inc gets new chairman as state-owned firms' clout grows
(Reuters)
Mon, 6 Sep 2010, 14 hours agoReuters - Wang Yong, a name little heard on the global business stage, has become boss of the world's biggest mobile telecom carrier, the most valuable coal producer and Asia's top oil refiner.
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Oil hovers above $74 as traders eye US economy
(AP)
Mon, 6 Sep 2010, 16 hours agoAP - Oil prices slipped to near $74 a barrel Monday in Asia as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment.
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Aftershocks rattle quake-hit NZ city
(Reuters)
Mon, 6 Sep 2010, 17 hours agoReuters - Aftershocks rocked New Zealand's second-biggest city on Monday causing further damage and forcing authorities to extend a state of emergency after the country's most damaging earthquake in 80 years.
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Obama to propose 100 billion tax credit
(AFP)
Mon, 6 Sep 2010, 20 hours agoAFP - President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported.
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Diverse water sources key to food security: report
(Reuters)
Mon, 6 Sep 2010 12:02:25 AMReuters - Increasingly erratic rainfall patterns related to climate change pose a major threat to food security and economic growth, water experts said on Monday, arguing for greater investment in water storage.
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Want cheapskates to spend? Hawk gizmos that save
(AP)
Sun, 5 Sep 2010 11:13:07 PMAP - How do you get penny pinchers to spend these days? Pitch products that promise to save them money.
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What might make the Fed flinch?
(Reuters)
Sun, 5 Sep 2010 07:54:49 PMReuters - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.
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Putting 5 cheapskate accessories to the test
(AP)
Sun, 5 Sep 2010 06:32:02 PMAP - Companies are unleashing lots of gadgets to help consumers be more frugal, but are they worth the money?
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Official: Obama backing research tax credits
(AP)
Sun, 5 Sep 2010 04:23:01 PMAP - Seeking ways to spur economic growth ahead of the November elections, President Barack Obama will ask Congress to increase and permanently extend research and development tax credits for businesses, a White House official said Sunday.
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Expiring tax cuts pose dilemma for US lawmakers
(AFP)
Sun, 5 Sep 2010 03:53:35 PMAFP - US lawmakers returning from summer recess face a conundrum on tax cuts set to expire at the end of this year, with the economy seemingly sputtering ahead of looming congressional elections.
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IMF's Lipsky says moderate world recovery underway
(Reuters)
Sun, 5 Sep 2010 05:07:07 AMReuters - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
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Obama says his economic policies halted "bleeding"
(Reuters)
Sun, 5 Sep 2010 02:12:06 AMReuters - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.
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