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    U.S. Economy Headlines
    US logs better — but still weak — growth (AP)
    AP - The economy logged slightly better — but weak — growth in the first quarter, spurred by improved sales of U.S. products overseas. While that's heartening, the country is still far from being out of the woods. -- read full article
    Thu, 29 May 2008 18:59:20 GMT - Yahoo! News: Economy News
    Stocks jump after GDP revision, decline in oil (AP)

    Pedestrians walk up Wall Street near the New York Stock Exchange January 18, 2008. (Brendan McDermid/Reuters)AP - Stocks bounded higher Thursday after the government reported that the economy grew last quarter at a faster pace than previously estimated and as oil prices retreated. The Dow Jones industrials at times rose more than 100 points.


    -- read full article
    Thu, 29 May 2008 18:53:55 GMT - Yahoo! News: Economy News
    Fed to make fresh batch of bank loans (AP)

    Bear Stearns, the most high-profile victim of the US subprime property crisis, approved a deal Thursday to sell itself to banking giant JPMorgan Chase, a spokeswoman for the Wall Street firm said. Fed chairman Ben Bernanke, seen here in April 2008 on Capitol Hill in Washington, DC, defended the move in the face of criticism by lawmakers(AFP/File/Tim Sloan)AP - The Federal Reserve announced Thursday that it will make a fresh batch of short-term cash loans available to squeezed banks as part of an ongoing effort to ease stressed credit markets.


    -- read full article
    Thu, 29 May 2008 18:55:39 GMT - Yahoo! News: Economy News
    Stocks buoyed by signs of business investment (Reuters)

    Traders stand the floor of the New York Stock Exchange, April 30, 2008. (Brendan McDermid/Reuters)Reuters - U.S. stocks rose on Wednesday as a report pointing to stronger business spending boosted shares of blue-chip computer firms and heavy equipment makers, overshadowing the latest signs of turmoil in the financial sector.


    -- read full article
    Wed, 28 May 2008 20:54:20 GMT - Yahoo! News: Economy News
    Oil rebounds on Nigeria threat, supply concerns (AP)

    A student activist representing a poor man performs during a protest against the government's recently announced fuel price increases  in Medan, North Sumatra, Indonesia, Wednesday, May. 28, 2008. Indonesia announced today that it is pulling out of OPEC as it has been a net importer of oil for several years. (AP Photo/Binsar Bakkara)AP - Oil futures rose back above $131 Wednesday, recovering from early losses as threats against Nigerian oil facilities led investors to at least temporarily set aside concerns about falling U.S. gas demand.


    -- read full article
    Wed, 28 May 2008 22:13:02 GMT - Yahoo! News: Economy News
    Paulson to push for oil investment in Mideast (Reuters)

    Secretary of the Treasury Henry Paulson speaks at a news conference after a meeting of the G-7 finance ministers during the World Bank/IMF 2008 Spring Meetings in Washington April 11, 2008. Joshua Roberts/REUTERS (Reuters)Reuters - U.S. Treasury Secretary Henry Paulson will emphasize during a trip to the Middle East the need to allow private sector investment in the oil industry, a senior Treasury official said on Wednesday.


    -- read full article
    Wed, 28 May 2008 20:28:13 GMT - Yahoo! News: Economy News
    U.S. durable goods orders show surprising strength (Reuters)

    A plane is seen being manufactured at a Boeing facility in a handout photo. (Handout/Reuters)Reuters - New orders for long-lasting U.S. manufactured goods dipped last month but demand outside of transportation jumped and a gauge of business investment rose sharply, suggesting surprising strength in the factory sector.


    -- read full article
    Wed, 28 May 2008 20:42:19 GMT - Yahoo! News: Economy News
    Ford plans involuntary layoffs of salaried workers (AP)

    A worker exits Ford's Michigan Truck Plant in Wayne, Mich. Friday, May. 23, 2008. A newspaper report, Wednesday, May 28, 2008, says Ford Motor Co. may cut its U.S. salaried work force by up to 12 percent, or more than 2,000 jobs, as it tries to keep its restructuring plan on track amid slumping sales and record-high gas prices. (AP Photo/Gary Malerba)AP - Ford Motor Co. plans to conduct involuntary layoffs of salaried employees by August as part of a restructuring in the face of slumping sales and record-high gas prices, a spokeswoman said Wednesday.


    -- read full article
    Wed, 28 May 2008 21:08:57 GMT - Yahoo! News: Economy News
    Treasurys fall after tame durable goods reading (AP)
    AP - Treasury prices fell sharply Wednesday as durable goods data gave investors, still worried about inflation's effect on long-term bonds, another reason to withdraw from government securities. -- read full article
    Wed, 28 May 2008 21:11:33 GMT - Yahoo! News: Economy News
    Dollar gains a few notches against euro (AFP)

    A woman holds several euro and US dollar banknotes. The dollar advanced a few notches against the euro Wednesday as a better-than-expected survey on US durable goods orders offset a report showing German inflation had crept higher, dealers said.(AFP/File/Bertrand Langlois)AFP - The dollar advanced a few notches against the euro Wednesday as a better-than-expected survey on US durable goods orders offset a report showing German inflation had crept higher, dealers said.


    -- read full article
    Wed, 28 May 2008 21:46:13 GMT - Yahoo! News: Economy News
    Stocks rise after durable goods data (AP)

    Traders are seen at the Tokyo Stock Exchange March 17, 2008. (Kim Kyung-Hoon/Reuters)AP - Wall Street managed to finish an erratic session with a moderate gain Wednesday as investors found some comfort in upbeat data on durable goods orders.


    -- read full article
    Wed, 28 May 2008 22:01:51 GMT - Yahoo! News: Economy News
    Paulson to promote foreign investment in energy (AP)
    AP - Treasury Secretary Henry Paulson will tell officials of Saudi Arabia and other Middle East oil producing nations that soaring oil prices are putting a "significant burden" on the global economy, a senior Treasury official said Wednesday. -- read full article
    Wed, 28 May 2008 22:31:03 GMT - Yahoo! News: Economy News
    Black-Gold ETFs Keep Shining As Oil Soars (Investor's Business Daily)
    Investor's Business Daily - Wednesday's oil price rebound means lower gas prices won't be on the menu -- but investors with a piece of the oil services industry will see more profits on the table. -- read full article
    Wed, 28 May 2008 22:32:37 GMT - Yahoo! News: Economy News
    Trends & Innovations - Thursday (Investor's Business Daily)
    Investor's Business Daily - A number of police departments across the country are relying more on bicycle patrols largely because of high gas prices. Experts say many departments started putting police officers on bikes in the 1980s and 1990s. But departments then scaled back those efforts after the 9/11 terrorist attacks as their funding and priorities changed. Now bike patrols are increasing again in places such as Toledo, Ohio; Charlotte, N.C.; and Bedford, Va. A police department in Clive, Iowa, says it already has spent its entire annual fuel budget, so its officers are biking and walking more to save gas. -- read full article
    Wed, 28 May 2008 22:41:58 GMT - Yahoo! News: Economy News
    Durables Are Solid Outside Transports; Capital Spending Up (Investor's Business Daily)
    Investor's Business Daily - A surprisingly strong durable goods report Wednesday signaled resilience in the factory sector and the overall economy. -- read full article
    Wed, 28 May 2008 22:44:45 GMT - Yahoo! News: Economy News
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