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    U.S. Economy Headlines
    U.S. regulators to diminish ratings agencies' role: WSJ (Reuters)

    U.S. Securities and Exchange Commissioner Paul Atkins speaks during an interview with Reuters at the U.S. Embassy in central London March 10, 2008. (Alessia Pierdomenico/Reuters)Reuters - The U.S. Securities and Exchange Commission is planning rules to make it possible for U.S. money-market funds to invest in short-term debt without regards to ratings put on those securities by firms such as Moody's and Standard & Poor's, the Wall Street Journal reported on Monday citing people familiar with the matter.


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    Tue, 24 Jun 2008 01:20:38 GMT - Yahoo! News: Economy News
    Paulson urges boost in oil output (Reuters)

    Treasury Secretary Henry Paulson pauses during remarks about the Federal Reserve and trying to reduce threats to the economy at a Women in Housing and Finance meeting in Washington, June 19, 2008. (Jonathan Ernst/Reuters)Reuters - U.S. Treasury Secretary Henry Paulson on Monday urged oil-producing nations to boost their output and warned that soaring energy costs threatened to prolong a U.S. economic slowdown.


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    Tue, 24 Jun 2008 02:19:56 GMT - Yahoo! News: Economy News
    Inflation a threat, but growth critical (Reuters)

    Shoppers manoeuvre their way through the aisle at Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - Now that everyone agrees that it's inflation, not a lingering credit crisis, that poses the gravest risk to the world economy, it's time to think again about central bankers' focus.


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    Mon, 23 Jun 2008 12:49:40 GMT - Yahoo! News: Economy News
    Tip-reliant workers say slowdown cuts into tips (AP)

    A tip is left by a customer at Linda's Place Restaurant in St. Clair Shores, Mich., Thursday, June 19, 2008.  Bartenders, waiters, hair stylists, cab drivers and other workers who depend on tips for much of their income are among those who say they are seeing decreases as customers feeling the economic pinch trim their gratuities — or sometimes omit them entirely. (AP Photo/Paul Sancya)AP - At the Corner Pub on Cincinnati's west side, bartender Melissa Metz can count the cost of the economic hangover in the stack of bills she has at the end of a shift.


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    Mon, 23 Jun 2008 16:21:52 GMT - Yahoo! News: Economy News
    Oil rises on modest Saudi increase, Nigeria (AP)

    In this June 22, 2008 file photo, Saudi Arabia's King Abdullah, right, talks to Saudi oil minister Ali Naimi in Jiddah, Saudi Arabia. The United States and other nations argue that oil production has not kept up with increasing demand, especially from China, India and the Middle East. Saudi Arabia and other OPEC countries say there is no shortage of oil and instead blame financial speculation and the falling U.S. dollar.  (AP Photo/Hasan Jamali, file)AP - Oil prices rose Monday on disappointment over Saudi Arabia's modest production increase and concerns that output from Nigeria will decline. Retail gas prices, meanwhile, inched lower overnight, but appear unlikely to change much as long as oil prices remain stuck in their recent trading range.


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    Mon, 23 Jun 2008 17:19:28 GMT - Yahoo! News: Economy News
    GM to offer zero-percent financing on trucks (Reuters)

    A 2008 Chevrolet Silverado is seen in an undated handout photo. (General Motors/Handout/Reuters)Reuters - General Motors Corp is offering zero-percent financing for 72 months on pickup trucks and SUVs as record-high gas prices have hurt sales of large vehicles, a GM dealer briefed on the plans told Reuters on Monday.


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    Mon, 23 Jun 2008 18:30:44 GMT - Yahoo! News: Economy News
    Candy a sweet spot in sour economy (AP)

    Sarah Levy, owner of Sarah's Pastries and Candies, prepares chocolate covered marshmallows in the kitchen of her store in Chicago, Tuesday, June 10, 2008.  Many analysts say the candy business is likely to fare better than other nonessentials in these economically trying times, even as prices for commodities such as sugar, milk and cocoa have risen. (AP Photo/Martha Irvine)AP - Like a lot of people, Nate Towne is cutting back on spending. He's carpooling to work and only shops at grocery stores that take coupons or offer discount "rewards" cards.


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    Mon, 23 Jun 2008 18:38:56 GMT - Yahoo! News: Economy News
    Gas prices rises 10 cents a gallon over 2 weeks (AP)

    U.S. map shows gas prices by county; 3c x 5 inches; 146 mm x 127 mmAP - A national survey shows consumers across the nation are paying an average of 10 cents a gallon more for gasoline than they were two weeks ago.


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    Sun, 22 Jun 2008 21:26:34 GMT - Yahoo! News: Economy News
    Gas prices climb to record $4.10 (Reuters)

    A gas station in Los Angeles displays a sign asking for business from its customers in Los Angeles, June 19, 2008. (Lucy Nicholson/Reuters)Reuters - Gasoline is costing U.S. drivers a record $4.10 per gallon on average, but pump prices may be at a peak and could start to come down, an industry analyst said on Sunday.


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    Sun, 22 Jun 2008 22:06:29 GMT - Yahoo! News: Economy News
    Despite tough talk, Bernanke Fed unlikely to boost rates (AFP)

    Federal Reserve Chairman Ben Bernanke addresses a summit on health care reform in Washington, DC. The tough talk on inflation from Bernanke and his colleagues is unlikely to lead to a boost in interest rates -- at least for now, economists say.(AFP/Getty Images/File/Chip Somodevilla)AFP - The tough talk on inflation from Federal Reserve chairman Ben Bernanke and his colleagues is unlikely to lead to a boost in interest rates -- at least for now, economists say.


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    Sun, 22 Jun 2008 03:52:25 GMT - Yahoo! News: Economy News
    Everything seemingly is spinning out of control (AP)

    In this Oct. 3, 2002 file photo, Eusie Leboeuf of Pointe Aux Chenes, La., plays in the water in front of the Knights of Columbus Hall. A levee in this small south Louisiana town broke as Hurricane Lili came ashore, causing hundreds of homes to be flooded. It is the second time in ten years that Pointe Aux Chenes has flooded because of hurricanes. (AP Photo/Dave Martin, file)AP - Is everything spinning out of control? Midwestern levees are bursting. Polar bears are adrift. Gas prices are skyrocketing. Home values are abysmal. Air fares, college tuition and health care border on unaffordable. Wars without end rage in Iraq, Afghanistan and against terrorism.


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    Sun, 22 Jun 2008 08:13:07 GMT - Yahoo! News: Economy News
    eBay Boosts Fraud Protection for PayPal Transactions (NewsFactor)
    NewsFactor - In preparation for this year's holiday shopping season, eBay and PayPal on Thursday announced improved protections for buyers and sellers on eBay.com. -- read full article
    Fri, 20 Jun 2008 20:44:55 GMT - Yahoo! News: Economy News
    Economy - Friday (Investor's Business Daily)
    Investor's Business Daily - The Int'l Monetary Fund said the U.S. economic slowdown has been less than feared and a slow recovery should begin in '09. The group didn't mention recession in its annual review and urged the Fed to hold interest rates steady. The recommendation assumed inflation will be contained. The IMF sees GDP growth of 1% in '08 and 0.8% in '09 vs. its prior estimates of 0.5% and 0.6%, respectively. -- read full article
    Fri, 20 Jun 2008 23:14:15 GMT - Yahoo! News: Economy News
    Winnebago net tumbles; CEO warns on price war (Reuters)

    The 2006 Winnebago Vectra in an undated photo. Winnebago Industries said on Friday that quarterly earnings tumbled 73 percent as tough economic conditions dragged down motor-home sales during the key spring selling season. (Handout/Reuters)Reuters - Winnebago Industries Inc said on Friday that quarterly earnings tumbled 73 percent as tight credit, rising fuel prices and the housing slump discouraged consumers from buying its pricey motor homes during the key spring selling season.


    -- read full article
    Fri, 20 Jun 2008 17:56:22 GMT - Yahoo! News: Economy News
    Virtually all state jobless rates higher in May (Reuters)
    Reuters - All but one U.S. state reported a higher jobless rate in May, led by Michigan and Rhode Island. -- read full article
    Fri, 20 Jun 2008 15:46:25 GMT - Yahoo! News: Economy News
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