Tag Archive | "economy"

France: Strikes costing up to $560 million per day (AP)

Striking employees sit next to a fire, as they block the main entrance of a waste incineration plant, in Ivry-sur-Seine, near Paris, Monday, Oct. 25, 2010. French President Nicolas Sarkozy's approval rating has sunk to its lowest level yet, a new poll says, as protests over his pension reforms left the country struggling with gas shortages, travel chaos and school shutdowns. (AP Photo/Michel Euler)AP – French Finance Minister Christine Lagarde says the country’s massive strikes are costing the economy up to euro400 million ($562 million) each day.

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Survey: economy to grow at slower pace (AP)

AP – The U.S. economy should continue to grow this year, though forecasters have lowered their expectations about the pace of recovery, according to a new survey.

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Overseas demand propels US manufacturers

The US economy may be faltering, but many big names in American manufacturing are going from strength to strength

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Wall Street rises as it enters week cautiously (AFP)

Traders work on the floor at the New York Stock Exchange in August 2010. Wall Street heads into next week hesitantly after a third week of gains following a flood of robust corporate earnings and a stronger outlook for the US economy.(AFP/File/Stan Honda)AFP – Wall Street heads into next week hesitantly after a third week of gains following a flood of robust corporate earnings and a stronger outlook for the US economy.

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Regulators close 6 banks in Fla, Ga, Ill, Kan (AP)

AP – Regulators on Friday shut down a total of six banks in Florida, Georgia, Illinois and Kansas, lifting to 138 the number of U.S. banks that have fallen this year as soured loans have mounted and the economy has sputtered.

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Regulators close 3 banks in Fla., Ga. (AP)

AP – Regulators have shut down three small banks in Florida and Georgia, lifting to 135 the number of U.S. banks that have fallen this year as soured loans have mounted and the economy has sputtered.

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Gas prices unlikely to budge before Fed decision (AP)

In this Oct. 15, 2010, photo, Secretary of State Hillary Rodham Clinton speaks before the Commonwealth Club Friday, Oct. 15, 2010, in San Francisco. Senators from both parties urged Clinton on Thursday, Oct. 21, 2010, to clarify remarks she made during the speech in San Francisco, that signaled likely U.S. support for a $7 billion pipeline to carry Canadian oil to refineries along the U.S. Gulf Coast. (AP Photo/Ben Margot)AP – Motorists probably won’t see gas pump prices budge much from their recent highs until the Federal Reserve decides next month whether it needs to take steps to stimulate the economy. After that, they could start falling.

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Oil gains as weak US data raises stimulus hopes

Oil rose on Friday as the dollar weakened, after jobs and business activity data signalled the U.S. economy would require additional stimulus.

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Summary Box: Leading indicators up 0.3 pct in Sept (AP)

AP – SLUGGISH GROWTH TO CONTINUE: A gauge of future economic activity rose a modest 0.3 percent in September, suggesting the economy will grow slowly into next year.

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Union Pacific sees slow US growth continuing (AP)

In this Oct. 7, 2010 photo, a Union Pacific train, right, rolls past a freight train in Buffalo, N.Y. Union Pacific said Thursday, Oct. 21, 2010, higher shipping volume, better prices and improved efficiency of its trains drove third-quarter earnings up 51 percent. (AP Photo/David Duprey)AP – The nation’s largest railroad says the economy’s on track to improve, but it’s all uphill.

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