Obama firm against tax cuts for rich
(Reuters)
Thu, 9 Sep 2010, 2 mins agoReuters - President Barack Obama stood firm on Thursday in opposition to a Republican push to extend Bush-era tax cuts for the rich but stopped short of threatening to veto such a measure if passed by Congress.
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Data shows economic recovery still on track
(Reuters)
Thu, 9 Sep 2010, 1 hour agoReuters - New U.S. claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.
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Highway deaths fall to lowest level since 1950
(AP)
Thu, 9 Sep 2010, 1 hour agoAP - Traffic deaths have plummeted across the United States to levels not seen in more than a half century, spurred by technology, more safety-conscious drivers and tougher enforcement of drunken driving laws.
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US data buoys world markets
(AP)
Thu, 9 Sep 2010, 2 hours agoAP - Stock markets in Europe and the U.S. spiked higher Thursday after better than expected U.S. jobs and trade data further eased concerns that the world's largest economy was heading back towards recession.
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Hopes rise as jobless claims fall, trade gap eases
(AP)
Thu, 9 Sep 2010, 3 hours agoAP - The number of people signing up for unemployment benefits dropped to the lowest level in two months, an encouraging sign that companies aren't resorting to deeper layoffs even as the economy has lost momentum.
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Consumer agency candidate Warren meets with Obama
(AP)
Thu, 9 Sep 2010, 4 hours agoAP - Elizabeth Warren, a popular but polarizing consumer advocate, met with President Barack Obama at the White House Tuesday, adding to speculation she could be named to head a new consumer protection agency.
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BMW sales gain 12.5% in August
(AFP)
Thu, 9 Sep 2010, 7 hours agoAFP - Sales by German luxury car maker BMW gained 12.5 percent in August from the level 12 months earlier owing to strong demand in China, the group said Thursday as it retained the title of world leader in the sector.
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U.S. slips in WEF's competitiveness rankings
(Reuters)
Thu, 9 Sep 2010, 8 hours agoReuters - Switzerland remains the world's most competitive economy, while the United States has fallen from second to fourth after losing the top spot last year, according to the World Economic Forum's annual rankings issued on Thursday.
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Detroit gets rare assist from suburbs for fires
(AP)
Thu, 9 Sep 2010, 10 hours agoAP - As exhausted Detroit firefighters battled wind-fed blazes burning wild in some neighborhoods and threatening to char much of the city, a half-dozen departments from surrounding communities brought in sorely needed — and gladly accepted — help.
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Appeals court lets government halt torture lawsuit
(AP)
Thu, 9 Sep 2010, 12 hours agoAP - A sharply divided federal appeals court on Wednesday threw out a lawsuit challenging a controversial post-Sept. 11 CIA program that flew terrorism suspects to secret prisons.
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Obama firm, won't yield on tax hike for wealthiest
(AP)
Thu, 9 Sep 2010, 12 hours agoAP - Politically weakened but refusing to bend, President Barack Obama insisted Wednesday that Bush-era tax cuts be cut off for the wealthiest Americans, joining battle with Republicans — and some fellow Democrats — just two months before bruising midterm elections.
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Obama: U.S. can't afford to extend tax cuts for rich
(Reuters)
Thu, 9 Sep 2010, 17 hours agoReuters - President Barack Obama, fighting to keep Democrats in charge of Congress, said on Wednesday the United States could not afford to extend Bush-era tax cuts for the rich and accused Republicans of being fiscally irresponsible.
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Google seeks to speed up Web searches
(Reuters)
Wed, 8 Sep 2010, 18 hours agoReuters - Google Inc's search engine now displays results before users finish typing.
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More stimulus needed for economy: Geithner
(Reuters)
Wed, 8 Sep 2010, 19 hours agoReuters - Treasury Secretary Timothy Geithner said on Wednesday the United States needed more incentives to stimulate job growth and bolster a slow recovery from a "savage" recession.
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Fed survey sees slower growth in East and Midwest
(AP)
Wed, 8 Sep 2010, 19 hours agoAP - The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest.
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Study: Texas Enterprise fund companies struggling
(AP)
Wed, 8 Sep 2010, 20 hours agoAP - Two-thirds of the Texas Enterprise Fund companies that had to meet job-creation goals in 2009 in exchange for millions of dollars in taxpayer money failed to bring in the jobs they promised, according to a report released Wednesday.
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Coffee hits 13-year high; retail prices also up
(AP)
Wed, 8 Sep 2010, 20 hours agoAP - Coffee prices hit a 13-year high Wednesday, extending a rally that has sent prices up about 43 percent in the past three months.
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Bankers urge government to pull plug on Fannie, Freddie
(Reuters)
Wed, 8 Sep 2010, 21 hours agoReuters - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.
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Obama's tax break for business: Will it put Americans to work?
(The Christian Science Monitor)
Wed, 8 Sep 2010, 22 hours agoThe Christian Science Monitor - A new round of tax incentives for US businesses could have some positive impact on the job market, but it's not likely to ignite massive employment.
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Grassley seeks answers to USDA's role at egg farms
(AP)
Wed, 8 Sep 2010 06:00:09 PMAP - Sen. Charles Grassley has asked Agriculture Secretary Tom Vilsack to address accusations that federal workers ignored complaints about conditions at an Iowa farm involved in a recall of salmonella-tainted eggs.
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