Chavez says Venezuela in recession, by US yardstick

Categories: Top Stories| Nov 22, 2009

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

Categories: Business| Nov 20, 2009

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

Categories: Business| Nov 20, 2009

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

Categories: Business| Nov 20, 2009

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

Categories: U.K.| Nov 20, 2009

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

Categories: Business| Nov 20, 2009

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

Categories: Business| Nov 20, 2009

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

Categories: Business| Nov 20, 2009

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

Categories: Business| Nov 19, 2009

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

Categories: Business| Nov 19, 2009

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