Tag Archive | "recession"

Stocks gain broadly after Bernanke speech

Stocks are closing higher after Federal Reserve Chairman Ben Bernanke said the U.S. is headed for long-term economic growth.Bernanke did not announce any new economic stimulus measures during his speech, as some investors had hoped. He left open the po…

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Stocks bounce around as the debt debate drags on

Stocks are swinging between gains and losses as investors try to guess whether debt standoff in Washington will be resolved.Stocks plunged early Friday after the government said that the economy grew at its weakest pace since the recession ended.Trader…

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IMF predicts Dubai recovery

Dubai is forecast to emerge from recession this year with growth of 0.5 per cent thanks to recovery in the trade and tourism sectors, the International Monetary Fund has said

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Fire at Northern Calif. mall deals blow to region (AP)

This image provided by the Placer County California Sheriff's Department shows the booking photo for 23-year-old Alexander Corney Piggee was arrested for burglary and arson on an inhabited structure according to jail records. Police said the man holed up in a video game store at the Roseville Galleria Thursday Oct. 21, 2010 and started a small blaze that later blew up, damaging an entire arm of the mall. The Galleria, which is about 17 miles east of the state capital, generates approximately $3.2 million for the city in annual sales tax revenue and could be closed or limited in operations for months. (AP Photo/Placer County California Sheriff)AP – A fire that erupted during a police standoff at a suburban Sacramento mall did more than destroy part of a regional shopping hub. It also provided an economic setback to a region of Northern California struggling to emerge from recession.

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Major Northern Calif. mall ablaze after standoff (AP)

Firefighters pour water on to the roof of the Roseville Galleria after a man entered a store earlier in the day and set the shop on fire in Roseville, Calif., Thursday, Oct. 21, 2010.(AP Photo/Rich Pedroncelli)AP – A high-end regional mall that is one of the main retail centers in a broad swath of Northern California was set ablaze Thursday after police arrested a man who had barricaded himself inside, dealing an economic blow to a region struggling to emerge from the recession.

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Major Northern Calif. mall ablaze after standoff (AP)

Firefighters pour water on to the roof of the Roseville Galleria after a man entered a store earlier in the day and set the shop on fire in Roseville, Calif., Thursday, Oct. 21, 2010.(AP Photo/Rich Pedroncelli)AP – A high-end regional mall that is one of the main retail centers in a broad swath of Northern California was set ablaze Thursday after police arrested a man who had barricaded himself inside, dealing an economic blow to a region struggling to emerge from the recession.

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US jobless claims slip after sharp rise (AFP)

A jobs sign on the front of the US Chamber of Commerce building in September 2010. New claims for US unemployment benefits fell last week but not enough to offset a sharp rise the prior week amid a weak recovery from recession(AFP/File/Karen Bleier)AFP – New claims for US unemployment benefits fell last week but not enough to offset a sharp rise the prior week amid a weak recovery from recession, official data showed Thursday.

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The business school for anti-MBAs

In the fall of 2008, when Lehman Brothers went kaput and the economy plunged into a deep recession, Yash Gupta was scampering around the country trying to drum up support for a new business school at Johns Hopkins University.

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Why it’s time to be bullish

On paper, this seems like a hospitable environment for the bulls on Wall Street to roam. The recession that began in late 2007 has officially been declared over. Interest rates and inflation are at historic lows, and stocks are up more than 70% from their low 18 months ago.

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Eaton 3Q profit jumps 39 pct, boosts view (AP)

AP – Diversified manufacturer Eaton Corp. reported a 39 percent surge in its third-quarter profit Wednesday as global revenue increased almost 18 percent over the same period last year, when the entire industry was hammered by the recession.

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