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    U.S. Economy Headlines
    Food banks facing new clients, mounting costs (AP)

    Lenora  Clark ,center, picks up food at the Emergency Food Bank in Stockton, Calif., Wednesday, May 7, 2008.  America's Second Harvest, the nation's food bank network, recently urged Congress to approve $100 million in emergency funding for food banks after a survey it conducted of 180 food banks in late April and early May found that 99 percent have seen an increase in the number of clients served within the last year. (AP Photo/Marcio Jose Sanchez)AP - Jackie Hoffman sifted through a laundry bin filled with aging bread, choosing a loaf of white.


    -- read full article
    Mon, 26 May 2008 18:13:18 GMT - Yahoo! News: Economy News
    High gas prices give boost to small town bus plant (AP)

    New buses sit parked outside the Motor Coach Industries plant in Pembina, N.D., on Tuesday, May 20, 2008. MCI will begin delivering the first of 102 hybrid diesel-electric buses this summer to Houston's transit system, under a contract worth about $80 million. Another 126 diesel-only buses are being shipped out to the transit system in New York City in a deal worth $67 million.  (AP Photo/Will Kincaid)AP - Soaring fuel prices are proving to be a pain for most people in the country, but they may have helped save the jobs of hundreds of workers in North Dakota's oldest town.


    -- read full article
    Sun, 25 May 2008 18:40:12 GMT - Yahoo! News: Economy News
    Iran to raise domestic gas prices: senior official (AFP)

    An Iranian man looks at his petrol quota before pumping fuel at a petrol station north of Tehran in 2007. Iran plans to hike domestic gas prices in order to encourage consumers to conserve and to help to free up supplies for export, officials said on Saturday.(AFP/Behrouz Mehri)AFP - Iran plans to hike domestic gas prices in order to encourage consumers to conserve and to help to free up supplies for export, officials said on Saturday.


    -- read full article
    Sat, 24 May 2008 19:29:42 GMT - Yahoo! News: Economy News
    Buffett sees "long, deep" U.S. recession (Reuters)

    Investor Warren Buffett listens to a question during a news conference in Madrid May 21, 2008. (Andrea Comas/Reuters)Reuters - The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published in German magazine Der Spiegel on Saturday.


    -- read full article
    Sat, 24 May 2008 11:30:13 GMT - Yahoo! News: Economy News
    Ford cuts N. American production, cuts profit goal (AP)

    In this April 13, 2008 file photo, the company logo hangs over the tails of unsold 2008 Taurus sedans at a Ford dealership in the southeast Denver suburb of Centennial, Colo. Ford Motor Co. says Thursday, May 22, 2008,  it is cutting North American production for the rest of the year as high gas prices and the weak economy depress its sales.  (AP Photo/David Zalubowski, file)AP - Fast-rising gas prices claimed their latest victim Thursday: Ford Motor Co., which dropped its goal of becoming profitable by 2009 and said it will cut production of trucks and sport utility vehicles through the rest of this year. It was a warning shot to the rest of the beleaguered U.S. auto industry, which is facing its worst sales in more than a decade.


    -- read full article
    Fri, 23 May 2008 09:23:08 GMT - Yahoo! News: Economy News
    Homeowner sentiment darkens in May: survey (Reuters)

    Residents watch from their porch next to an abandoned, foreclosed and boarded-up property in the Roxbury neighborhood of Boston, Massachusetts May 13, 2008. (Brian Snyder/Reuters)Reuters - Twice as many Americans expect the value of their homes to fall in the next 12 months than a year ago, while price rises in the next five years will fail to keep pace with inflation, according to the results of a survey.


    -- read full article
    Fri, 23 May 2008 13:48:32 GMT - Yahoo! News: Economy News
    Gauge of U.S. economy lower in latest week: ECRI (Reuters)

    People walk past the New York Stock Exchange in New York July 13, 2007. (Brendan McDermid/Reuters)Reuters - A gauge of future U.S. economic growth was slightly lower in the latest week due to higher interest rates and slower housing, while its annualized growth rate reached a four-month high, a research group said on Friday.


    -- read full article
    Fri, 23 May 2008 14:35:10 GMT - Yahoo! News: Economy News
    Treasury prices head higher after housing data (AP)
    AP - Treasury prices climbed Friday after a report that existing home sales fell again in April ignited more worries about the economy and sent investors in search of a safe haven. -- read full article
    Fri, 23 May 2008 18:54:50 GMT - Yahoo! News: Economy News
    Stocks fall as oil prices stir economic worries (AP)

    Traders work on the floor of the New York Stock Exchange, April 29, 2008. (Brendan McDermid/Reuters)AP - Wall Street ended a week of big losses with more selling Friday as rising oil prices again raised worries that strained consumers will cut back spending and hurt the overall economy. The Dow Jones industrials fell nearly 150 points in the final session before the three-day holiday weekend.


    -- read full article
    Fri, 23 May 2008 21:49:45 GMT - Yahoo! News: Economy News
    US home sales decline, leaving record inventory glut (AFP)

    A for sale sign stands in front of a home in Miami, Florida, April 2008. The troubled US housing sector saw little relief in April as sales declined and prices fell further, creating a record glut of homes for sale, an industry group said Friday.(AFP/Getty Images/File/Joe Raedle)AFP - The troubled US housing sector saw little relief in April as sales declined and prices fell further, creating a record glut of homes for sale, an industry group said Friday.


    -- read full article
    Fri, 23 May 2008 20:28:00 GMT - Yahoo! News: Economy News
    Existing home sales drop in April by 1 percent (AP)

    A for sale sign is seen outside a home in Beverly, Mass., Friday, May 23, 2008. The National Association of Realtors said that existing home sales dropped by one percent to 4.89 million units, matching the all-time low set in January. (AP Photo/Lisa Poole)AP - Existing home sales fell for the eighth time in the past nine months, a string of weakness expected to continue as the housing industry, mired in its worst slump in decades, battles falling home prices, tight lending conditions and a weak economy.


    -- read full article
    Fri, 23 May 2008 21:34:45 GMT - Yahoo! News: Economy News
    Economy - Friday (Investor's Business Daily)
    Investor's Business Daily - The Economic Cycle Research Institute's leading U.S. index fell 0.3 point 15 133.1 in the week ended May 16, as higher interest rates and weaker housing data outweighed higher stock prices and lower jobless claims. But the annualized growth rate reached a 4-month high of -6.6%, up from -7.2%. -- read full article
    Fri, 23 May 2008 22:45:22 GMT - Yahoo! News: Economy News
    Home sales slip, stock of unsold homes rises (Reuters)

    A sign advertises an open house for sale in Alexandria, Virginia in this April 6, 2008 file photo. (Jonathan Ernst/Reuters)Reuters - Sales of previously owned U.S. homes slipped last month and the backlog of unsold properties hit a record high, according to data on Friday that suggested the market's downturn still has a long way to run.


    -- read full article
    Fri, 23 May 2008 23:57:24 GMT - Yahoo! News: Economy News
    Stocks advance after two-day plunge; oil declines (AP)

    Traders work on the floor of the New York Mercantile Exchange May 21, 2008. (Shannon Stapleton/Reuters)AP - Wall Street steadied itself Thursday after two sessions of steep declines, rebounding moderately as oil prices stepped back from their frenetic upward run.


    -- read full article
    Thu, 22 May 2008 21:40:02 GMT - Yahoo! News: Economy News
    Stocks eke out gain as oil pulls back (Reuters)

    Traders work on the floor of the New York Stock Exchange, April 1, 2008. (Brendan McDermid/Reuters)Reuters - Stocks rose modestly on Thursday after two days of steep declines as energy prices pulled back from record highs and a proposed acquisition in the utilities sector buoyed optimism.


    -- read full article
    Thu, 22 May 2008 20:44:19 GMT - Yahoo! News: Economy News
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