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    U.S. Economy Headlines
    Fed: industrial production dipped in May (AP)
    AP - Industrial production dipped in May, underscoring the strain on factories from the deep housing slump. -- read full article
    Tue, 17 Jun 2008 13:15:59 GMT - Yahoo! News: Economy News
    Housing starts in May hit 1991 low (Reuters)

    Construction workers frame a condominium complex in a Denver, Colorado suburb May 16, 2008. (Rick Wilking/Reuters)Reuters - U.S. housing starts slid 3.3 percent in May to their lowest level in more than 17 years, while permits for future construction also fell, signaling more weakness ahead for the battered U.S. housing sector.


    -- read full article
    Tue, 17 Jun 2008 13:19:25 GMT - Yahoo! News: Economy News
    Ford to idle Michigan SUV plant for nine weeks (Reuters)

    The 2007 Lincoln Navigator is on display after its world introduction at the 2006 Chicago Auto Show, February 8, 2006. (Joshua Lott/Reuters)Reuters - Ford Motor Co plans to close a Michigan plant that builds large sport utility vehicles for nine weeks as demand for the vehicles has declined amid record high U.S. gas prices.


    -- read full article
    Tue, 17 Jun 2008 14:06:14 GMT - Yahoo! News: Economy News
    US May housing starts fall to 17-year low (AFP)

    Homes under construction near Chicago, Illinois, United States, in 2006. US housing starts slid 3.3 percent in May to the slowest pace in 17 years amid a prolonged slump in the real-estate sector, government data has shown.(AFP/File/Jeff Haynes)AFP - US housing starts slid 3.3 percent in May to the slowest pace in 17 years amid a prolonged slump in the real-estate sector, government data showed Tuesday.


    -- read full article
    Tue, 17 Jun 2008 14:28:14 GMT - Yahoo! News: Economy News
    Producer prices jump, housing starts at 1991 low (Reuters)

    Bags of basmati rice are seen on display at a Costco store in Arlington, Virginia April 24, 2008. (Jim Young/Reuters)Reuters - Soaring energy costs pushed U.S. producer prices up sharply last month and housing starts fell to 17-year low, according to data on Tuesday that spotlighted the Federal Reserve's dilemma of tackling weak growth amid high inflation.


    -- read full article
    Tue, 17 Jun 2008 16:51:41 GMT - Yahoo! News: Economy News
    Economy struggles with rising prices, plodding growth (AP)
    AP - Wholesale prices barreled ahead while housing and industrial activity faltered — a blend of high-costs and slow growth that ensures the Federal Reserve's most likely move on interest rates next week will be no move whatsoever. -- read full article
    Tue, 17 Jun 2008 18:50:05 GMT - Yahoo! News: Economy News
    Optimism about tech spending lifts Nasdaq (Reuters)

    Traders work on the floor of the New York Stock Exchange April 16, 2008. (Keith Bedford/Reuters)Reuters - U.S. technology stocks rose on Monday for the third straight session, fueled by optimism about sales for Research in Motion's BlackBerry and Apple's new iPhone.


    -- read full article
    Mon, 16 Jun 2008 20:45:19 GMT - Yahoo! News: Economy News
    NY factories produce dour news (Reuters)
    Reuters - The sickly U.S. factory sector produced more bad news on Monday, with a gauge of manufacturing in New York state contracting in June for the fourth time in five months. -- read full article
    Mon, 16 Jun 2008 18:51:26 GMT - Yahoo! News: Economy News
    Interest rates at weekly Treasury auction rise (AP)
    AP - Interest rates on short-term Treasury bills rose in Monday's auction with yields on six-month bills climbing to the highest level in nearly five months. -- read full article
    Mon, 16 Jun 2008 20:19:56 GMT - Yahoo! News: Economy News
    Oil hits new record, then reverses on worries (AP)

    The opening ceremony of the 29th Annual Session of the OPEC Ministerial Council is seen here in this general view in the city of Isfahan, 450 km (280 miles) south of Tehran, June 17, 2008. REUTERS/Morteza Nikoubazl (IRAN)AP - Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put stock in Saudi Arabia's promise to boost production. Retail gas prices rose to a record $4.08 a gallon.


    -- read full article
    Mon, 16 Jun 2008 20:23:04 GMT - Yahoo! News: Economy News
    Policy-makers call inflation top threat (Reuters)

    South Korean President Lee Myung-bak (top) speaks during the 2008 ASEM Finance Ministers' Meeting in Seogwipo on Jeju Island June 16, 2008. (Kim Ho-cheon/Yonhap/Reuters)Reuters - Policy-makers around the globe declared soaring inflation a top threat on Monday, with pressure rising for central banks to raise interest rates amid protests against higher costs of living.


    -- read full article
    Mon, 16 Jun 2008 20:54:08 GMT - Yahoo! News: Economy News
    Trends & Innovations - Monday (Investor's Business Daily)
    Investor's Business Daily - A growing number of state and local gov'ts are letting employees work four days a week instead of five to offset soaring commuting costs tied to higher gas prices. Oakland County, Mich., part of the Detroit metro area, approved the workweek of 4 10-hour days for 4,000 workers, and Birmingham, Ala., will implement the same for its 2,400 employees on July 1. Similar proposals have been adopted or are being studied in Fla., Ky., Okla., and W. Va. "Everybody's hurting, and every day it gets worse," said Miami Dade County Commissioner Jose Diaz, who's pushing such a bill in S. Fla. -- read full article
    Mon, 16 Jun 2008 22:49:51 GMT - Yahoo! News: Economy News
    Twain, Wharton homes join others in financial peril (AP)

    Adrian and Elizabeth Reddall of England, right, listen to historic interpreter Martha Czernicki, left, lead a tour of The Mark Twain House in Hartford, Conn., Wednesday, June 4, 2008.  Mark Twain, Edith Wharton and a host of other boldfaced names among the dead have something in common with living Americans in these hard financial times: Their homes are in jeopardy. For scores of historic house museums, simply keeping the lights on has become a challenge. (AP Photo/Jessica Hill).AP - Mark Twain, Edith Wharton and other boldfaced names among the dead have something in common with living Americans in these hard financial times:


    -- read full article
    Tue, 17 Jun 2008 04:00:21 GMT - Yahoo! News: Economy News
    May PPI seen up 1.0 percent on crude costs (Reuters)

    A truckload of corn is dumped into a chute at the Lincolnway Energy plant in the town of Nevada, Iowa, December 6, 2007. (Jason Reed/Reuters)Reuters - Record-high crude oil costs sent wholesale inflation soaring in May, but a key gauge of underlying price pressures likely moved ahead at a slower pace than the month before, according to a Reuters poll.


    -- read full article
    Tue, 17 Jun 2008 07:25:34 GMT - Yahoo! News: Economy News
    Retreating oil price boosts Dow, Nasdaq (Reuters)

    A worker fuels an aircraft at Reagan National Airport in Arlington, Va., on June 14, 2008. Oil prices continued to batter the struggling airline sector, rising at one point to a new record near $140 a barrel. Light, sweet crude for July delivery soared to a trading record of $139.89 before retreating to trade up $2.10 at $136.96 a barrel on the New York Mercantile Exchange. (AP Photo / Brian McDermott)Reuters - The Dow briefly turned positive on Monday and the Nasdaq rose more than 1 percent as oil prices reversed an earlier climb, providing investors with some comfort following data that revived concerns about the economy.


    -- read full article
    Mon, 16 Jun 2008 17:51:20 GMT - Yahoo! News: Economy News
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