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    U.S. Economy Headlines
    Slow home sales? Buy one, get one free in San Diego (Reuters)

    REFILE - CLARIFYING CAPTIONS Dawn Berry of Michael Crews Developments jumps for photographer in front of a 1.8 million-dollar home at a development in San Pasqual Valley, California June 3, 2008. As though Southern California's fine weather and beaches weren't attractive enough, a San Diego developer desperate to clear inventory is offering potential home buyers a buy-one-get-one-free scheme. In a market beset with foreclosures and plummeting sales following the mortgage meltdown in 2007, Michael Crews Development is offering a row home valued at $400,000 free with a $1.6 million luxury estate home in the upscale city of Escondido in northern San Diego County. (Mike Blake/Reuters)Reuters - As though Southern California's fine weather and beaches weren't attractive enough, a San Diego developer desperate to clear inventory is offering potential home buyers a buy-one-get-one-free scheme.


    -- read full article
    Tue, 03 Jun 2008 21:19:31 GMT - Yahoo! News: Economy News
    Toyota, Honda cars outsell Ford pickups (AP)
    AP - U.S. auto sales in May brought the starkest signs yet that gas prices have dramatically shifted the market to smaller cars, as the top-selling Ford F-series truck was dethroned by cars from Toyota and Honda and as General Motors announced it was closing four truck and SUV plants after dismal results. -- read full article
    Tue, 03 Jun 2008 22:21:32 GMT - Yahoo! News: Economy News
    Factory orders post surprising increase in April (AP)
    AP - Orders for manufactured goods posted a surprisingly strong increase in April as demand rose in a number of areas including heavy machinery, iron and steel. -- read full article
    Tue, 03 Jun 2008 23:18:05 GMT - Yahoo! News: Economy News
    Inflation moves up on Bernanke's list of worries (AP)

    High gas prices posted at Shell, left, and Valero, right, gas station in San Bruno, Calif., Tuesday, June 3, 2008. Oil prices fell sharply Tuesday, dropping below $124 a barrel as demand concerns grew and Federal Reserve Chairman Ben Bernanke indicated that more interest rate cuts are unlikely. (AP Photo/Paul Sakuma)AP - Federal Reserve Chairman Ben Bernanke has moved inflation up on his list of worries, suggesting more pointedly than ever that the time for cutting interest rates is over in view of soaring oil and commodity prices and a weakened dollar.


    -- read full article
    Tue, 03 Jun 2008 23:44:54 GMT - Yahoo! News: Economy News
    Dollar gains on yen after Bernanke remarks (AFP)

    US Federal Reserve Chairman Ben Bernanke at an International Monetary and Financial Committee in Washington, DC in early April. Bernanke has signaled that the US central bank is worried about the dollar, saying the sagging currency has led to AFP - The dollar extended its gains against the yen in Asian trade on Wednesday after Federal Reserve chairman Ben Bernanke said a weaker greenback was adding to US inflation pressures, dealers said.


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    Wed, 04 Jun 2008 06:41:19 GMT - Yahoo! News: Economy News
    Bernanke worried about dollar, toughens inflation message (AFP)

    File photo shows US Federal Reserve Chairman Ben Bernanke testifying on the government bailout of Bear Stearns in early April in Washington, DC. Bernanke has signaled that the US central bank is worried about the dollar, saying the sagging currency has led to AFP - Federal Reserve chairman Ben Bernanke has signaled that the US central bank is worried about the dollar, saying the sagging currency has led to "unwelcome" inflation pressures.


    -- read full article
    Wed, 04 Jun 2008 07:17:06 GMT - Yahoo! News: Economy News
    Rising demand pushes manufactured goods orders up (AP)

    In this May 19, 2008 file photo, construction workers install steel bars on the foundation of the Freedom Tower in New York. Construction spending fell again in April as home building continued a more than two-year-long slide. The weakness was offset somewhat by an increase in non-residential spending activity which climbed to a record level. (AP Photo/Mark Lennihan, file)AP - Orders for manufactured goods posted a surprisingly strong increase in April as demand rose across a number of industries.


    -- read full article
    Tue, 03 Jun 2008 15:02:26 GMT - Yahoo! News: Economy News
    Oil prices slide on Bernanke comments (AFP)

    Oil rigs extract petroleum in Culver City near Los Angeles, April 2008. Oil prices have fallen sharply in reaction to a solid strengthening in the dollar following comments from US Federal Reserve chairman Ben Bernanke.(AFP/Getty Images/File/David Mcnew)AFP - Oil prices fell sharply on Tuesday in reaction to a solid strengthening in the dollar following comments from US Federal Reserve chairman Ben Bernanke.


    -- read full article
    Tue, 03 Jun 2008 15:38:45 GMT - Yahoo! News: Economy News
    Retailers expected to post scant May sales (Reuters)

    Shoppers manoeuvre their way through the aisle at Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - U.S. retailers are expected to post lackluster May sales this week, as consumers spent tax rebate checks on gas and food or used them to reduce debt, rather than buying discretionary items like clothes and jewelry.


    -- read full article
    Tue, 03 Jun 2008 15:46:30 GMT - Yahoo! News: Economy News
    Treasurys perk up as stocks plunge (AP)
    AP - Treasury prices turned higher Tuesday as reviving jitters about the financial sector encouraged investors to keep their money in safe government securities. -- read full article
    Tue, 03 Jun 2008 18:18:29 GMT - Yahoo! News: Economy News
    Federal Reserve 'attentive' to weak dollar: Bernanke (AFP)

    Federal Reserve Chairman Ben Bernanke in Chicago, Illinois, on May 15. Bernanke, in unusually sharp comments on foreign exchange, said Tuesday the central bank is AFP - Federal Reserve chairman Ben Bernanke, in unusually sharp comments on foreign exchange, said Tuesday the central bank is "attentive" to the sagging dollar because of its potential impact on inflation.


    -- read full article
    Tue, 03 Jun 2008 16:16:27 GMT - Yahoo! News: Economy News
    Camry, Corolla sedans each outsell F-series trucks (AP)
    AP - The Toyota Camry and Corolla sedans each outsold the traditionally top-selling Ford F-series truck in May, a sign of the rapid shift in customers' preferences from trucks and SUVs to small cars that is forcing painful production cuts and plant closures at General Motors Corp. and Ford Motor Co. -- read full article
    Tue, 03 Jun 2008 18:36:00 GMT - Yahoo! News: Economy News
    April factory orders post surprise gain (Reuters)

    Workers oversee a chocolate line at the Harry  and  David factory in Medford, Oregon May 16, 2008. (Adam Tanner/Reuters)Reuters - New orders at U.S. factories rose unexpectedly in April, reflecting a surge in prices for food and petroleum that cut into demand for costlier items like cars and aircraft, government data showed on Tuesday.


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    Tue, 03 Jun 2008 17:23:40 GMT - Yahoo! News: Economy News
    Bernanke signals more rate cuts unlikely (AP)

    A one dollar chrome printing plate. The dollar rose against the euro Tuesday after unusually sharp comments from US Federal Reserve Chairman Ben Bernanke about the inflationary impact of the dollar's recent falls.(AFP/File/Shawn Thew)AP - Federal Reserve Chairman Ben Bernanke signaled Tuesday that further interest rate cuts are unlikely because of concerns about inflation. High oil prices are a double-edged sword that can both put a damper on already weak growth and spread inflation, he said.


    -- read full article
    Tue, 03 Jun 2008 17:31:34 GMT - Yahoo! News: Economy News
    Stocks tumble on more concerns about financials (AP)

    Traders work on the floor at the New York Stock Exchange after the announcement that the Federal Reserve cut interest rates April 30, 2008. (Brendan McDermid/Reuters)AP - Wall Street fell sharply for a second straight day Tuesday as investors grew more worried that the financial sector is still suffering badly from the credit crisis. The Dow Jones industrials, up modestly in earlier trading, fell more than 140 points.


    -- read full article
    Tue, 03 Jun 2008 18:50:10 GMT - Yahoo! News: Economy News
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