Thu, May 21st, 2009 | Business |

Unemployed since November, Eugene Sobczak wanted nothing more than to aid another cash-strapped soul, gratis, when he read the online ad asking for help attaching a car bumper. Read More

Chavez says Venezuela in recession, by US yardstick

Sun, Nov 22nd, 2009 | Top Stories |

CARACAS, Nov 22 (Reuters) - Oil-exporting Venezuela is inrecession, its socialist President Hugo Chavez said onSaturday, adding that the capitalist system of measuringeconomic growth was established in the United States. "When an economy shrinks instead of grows, according to thenorms established ...Read More

Natural gas plunges 12 percent this month

Fri, Nov 20th, 2009 | Business |

NEW YORK - Natural gas prices have dropped by more than 12 percent in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners to leave the heat off. Retail prices for ...Read More

More states add jobs, but many for temporary staff

Fri, Nov 20th, 2009 | Business |

WASHINGTON -In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment. That's customarily a positive a sign. Employers usually hire temporary workers before they add ...Read More

Natural gas plunges 12% this month

Fri, Nov 20th, 2009 | Business |

NEW YORK (AP) — Natural gas prices have dropped more than 12% in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners to leave the heat off. Retail prices for natural ...Read More

Gordon Brown's financial delusions will cost Britain dear

Fri, Nov 20th, 2009 | U.K. |

Gordon Brown's financial delusions will cost Britain dear Vanitas, vanitatum et omnia vanitas... all is vanity. In the dying days of Gordon Brown's Government, this ancient saw seems truer than ever. The Prime Minister's position is becoming ever more tragic in its delusion. Everyone now accepts that the coming ...Read More

Joblessness Across the US: Unemployment Rates, by State

Fri, Nov 20th, 2009 | Business |

See the full interactive graphic. The labor market pain continued to be spread throughout the nation in October, as 29 U.S. states recorded increases in their unemployment rates, while just 13 registered decreases. Earlier this month, the Labor Department reported that the ...Read More

AnnTaylor Swings to Profit Despite Weak Sales

Fri, Nov 20th, 2009 | Business |

AnnTaylor Stores Corp. swung to a third-quarter profit amid lower restructuring expenses and higher margins, as results handily beat analysts' estimates. The women's apparel retailer, which operates the Ann Taylor and Ann Taylor Loft brands, struggled more than some rivals during ...Read More

Germany's DAX Index Advances as Volkswagen, BASF Shares Climb

Fri, Nov 20th, 2009 | Business |

Nov. 20 (Bloomberg) -- German stocks climbed, with thebenchmark DAX Index extending its third straight weekly gain, asVolkswagen AG and BASF SE advanced. Volkswagen added 1.2 percent after the carmaker’ssupervisory board signed off on contracts drafted for a takeoverof Porsche SE ...Read More

Sears narrows 3Q loss on cost-cutting efforts

Thu, Nov 19th, 2009 | Business |

Shoppers increased their spending at Kmart stores for the first time in at least seven years this fall, picking up cheap toys, shoes and items for their homes. The boost in sales at Kmart stores open at least a year was ...Read More

Philadelphia Area Manufacturing Expands More Than Estimated as Orders Grow

Thu, Nov 19th, 2009 | Business |

Philadelphia Area Manufacturing Expands More Than Estimated as Orders Grow Nov. 19 (Bloomberg) -- Manufacturing in the Philadelphiaregion expanded in November at the fastest pace in more thantwo years, reflecting gains in orders and sales. The Federal Reserve Bank of Philadelphia’s generaleconomic index rose to 16.7, higher than forecast, from 11.5 ...Read More

US Initial Jobless Claims Unchanged at 505000

Thu, Nov 19th, 2009 | Business |

US Initial Jobless Claims Unchanged at 505000 Nov. 19 (Bloomberg) -- The number of Americans filingclaims for unemployment benefits held at a 10-month low lastweek, a sign firings are letting up as the economy recovers. Initial jobless claims were unchanged at 505,000 in theweek ended Nov. 14, in ...Read More

Combat game 'Call of Duty' a shot in arm for industry

Wed, Nov 18th, 2009 | SciTech |

LOS ANGELES - On a cloudy Friday afternoon in West Los Angeles nearly two weeks ago, about 50 people were waiting to buy a video game that wasn't supposed to go on sale for four days. "Do you have it yet?," ...Read More

Obama predicts renewed US growth in fourth quarter

Wed, Nov 18th, 2009 | Business |

President Barack Obama predicted the United States economy would grow again in the final quarter of 2009, pulling further out of a long and crippling recession. "We have seen economic growth. We anticipate economic growth next quarter as well," Obama said ...Read More

Cutting costs helps Limited Brands 3Q profit

Wed, Nov 18th, 2009 | Business, Top Stories |

Cutting costs helps Limited Brands 3Q profit Victoria's Secret parent Limited Brands Inc. said Wednesday that its third-quarter profit rose above its own forecast, helped by cost cuts and a tax gain. Limited Brands raised its full-year guidance, and its shares rose 48 cents, or 2.6 percent, to ...Read More

LPGA Championship moves to Locust Hill in New York

Wed, Nov 18th, 2009 | Sports |

ROCHESTER, N.Y. (AP) -The LPGA Championship will be held at Locust Hill golf course in suburban Rochester for one year next June, with supermarket chain Wegmans replacing McDonald's as sponsor of the season's second major. The recession-pinched LPGA Tour is shrinking ...Read More

Norwest Venture Partners Goes Big

Wed, Nov 18th, 2009 | Business |

Norwest Venture Partners on Wednesday announced that it had closed a new venture-capital fund sized at $1.2 billion. That's nearly double the size of the Silicon Valley venture firm's last fund in 2006, which closed at $650 million. The new fund ...Read More

California Deficit May Reach $21 Billion, Fiscal Analyst Says

Wed, Nov 18th, 2009 | Top Stories |

Nov. 18 (Bloomberg) -- California’s budget deficit islikely to widen to almost $21 billion by next fiscal year as themost populous U.S. state’s economy continues reeling from theglobal recession, its top fiscal analyst said. The current $85 billion spending plan Governor ...Read More

Air France Has $220 Million Second-Quarter Loss on Slump in Traffic, Fares

Wed, Nov 18th, 2009 | Business |

Air France Has $220 Million Second-Quarter Loss on Slump in Traffic, Fares Nov. 18 (Bloomberg) -- Air France-KLM Group, Europe’sbiggest airline, posted a loss in its second quarter asthe recession pummeled passenger traffic, ticket pricesand cargo handling. The net loss was 147 million euros ($220 million), or50 cents a share, in the three ...Read More

Uncovering Obama's Stimulus Sham

Wed, Nov 18th, 2009 | U.S. |

There were few economists who really believed, despite the promises that the money would go to shovel ready projects that could begin immediately once the funding came through, that the stimulus would really create any net jobs. But something needed ...Read More

Costco stops carrying Coca-Cola products

Tue, Nov 17th, 2009 | Business, Top Stories |

Costco stops carrying Coca-Cola products ATLANTA - Costco customers may have to look elsewhere for Coca-Cola products now that the retailer has stopped carrying them because the pair are fighting over prices. The public squabble between one of the nation's largest wholesale club operators and the ...Read More