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    U.S. Economy Headlines
    Gas prices change views on energy (AP)

    Oil drilling rigs in Midland County, Texas. Oil prices surged to new highs Monday as leading figures from the energy industry gathered in Madrid amid growing public anger at the high cost of fuel and increasing concerns about inflation.(AFP/File/Mira Oberman)AP - High gasoline prices have dramatically changed Americans' views on energy and the environment with more people now viewing oil drilling and new power plants as a greater priority than energy conservation than they did five months ago, according to a new survey.


    -- read full article
    Tue, 01 Jul 2008 20:51:34 GMT - Yahoo! News: Economy News
    Manufacturers struggle to overcome rising prices (AP)

    In this Jan. 7, 2007 file photo, a crane loads a cargo container onto a ship at the Port of Miami in Miami.  U.S. manufacturing activity grew for the first time in five months in June, thanks to strong exports, but the minimal growth came as inventories climbed and prices rose for every commodity except copper Tuesday, July 1, 2008.  (AP Photo/Wilfredo Lee, file)AP - Each week, Ira Cooper opens a letter from another supplier with the same message as the last: We're raising our prices, effective immediately. We can't tell you how long the new prices will last.


    -- read full article
    Tue, 01 Jul 2008 21:10:31 GMT - Yahoo! News: Economy News
    Doha breakthrough would dampen food prices: Paulson (Reuters)

    Treasury Secretary Henry Paulson talks on his cell phone in Cancun, Quintana Roo, June 24, 2008. (Stringer/Reuters)Reuters - Treasury Secretary Henry Paulson on Tuesday said the United States and Germany agreed that a breakthrough in the Doha round of trade talks would help control world food price inflation, but high oil prices required longer-term solutions.


    -- read full article
    Tue, 01 Jul 2008 09:52:53 GMT - Yahoo! News: Economy News
    Factories hit worldwide as commodity prices soar (Reuters)

    An employee works on a production line at a factory in eastern China's Zhejiang province, May 14, 2007. Soaring commodity costs are seeping through Asian factories to the world's consumers, slicing into Japanese manufacturers' profit and stoking inflation in China and India, surveys showed on Tuesday. (China Daily/Reuters)Reuters - Soaring commodity costs are denting manufacturing activity in Asia and Europe and the outlook looks bleak as new orders drop off in the face of rising prices, surveys showed on Tuesday.


    -- read full article
    Tue, 01 Jul 2008 10:59:00 GMT - Yahoo! News: Economy News
    Fed auctions $75 billion to ease credit stresses (AP)

    Fed Chairman Ben Bernanke waits to speak at Harvard senior class day in Cambridge, Massachusetts June 4, 2008. (Adam Hunger/Reuters)AP - The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems and announced it will provide a fresh batch of the loans this month.


    -- read full article
    Tue, 01 Jul 2008 14:02:49 GMT - Yahoo! News: Economy News
    BUSINESS-USA-ECONOMY-MANUFACTURING-DC (Reuters)

    Finished 2008 Ford Focus vehicles roll down the assembly line at the Ford Motor Company's Wayne Stamping and Assembly Plant in Wayne, Michigan, October 15, 2007. (Rebecca Cook/Reuters)Reuters - U.S. factory activity expanded unexpectedly in June but inflation pressures soared, according to a report released


    -- read full article
    Tue, 01 Jul 2008 14:07:17 GMT - Yahoo! News: Economy News
    Gas prices change views on energy (AP)
    AP - A new poll shows high gasoline prices have dramatically changed Americans' views on energy and the environment. More people now say expanding oil drilling and building new power plants is a bigger priority than energy conservation. -- read full article
    Tue, 01 Jul 2008 17:01:23 GMT - Yahoo! News: Economy News
    Inflation flare-up mars factory rebound (Reuters)

    Finished 2008 Ford Focus vehicles roll down the assembly line at the Ford Motor Company's Wayne Stamping and Assembly Plant in Wayne, Michigan, October 15, 2007. (Rebecca Cook/Reuters)Reuters - Manufacturing expanded in June for the first time in five months, helped by a weak dollar, but inflation pressures soared to their highest since the stagflation-ravaged 1970s, according to a report that highlighted the bind facing policy-makers.


    -- read full article
    Tue, 01 Jul 2008 17:06:35 GMT - Yahoo! News: Economy News
    General Motors holds off Toyota in June US sales (AP)

    Finished 2008 Ford Focus vehicles roll down the assembly line at the Ford Motor Company's Wayne Stamping and Assembly Plant in Wayne, Michigan, October 15, 2007. (Rebecca Cook/Reuters)AP - General Motors Corp. outsells Toyota Motor Corp. in June to retain its traditional U.S. sales lead, even though GM says its sales dropped 18.2 percent for the month.


    -- read full article
    Tue, 01 Jul 2008 18:22:33 GMT - Yahoo! News: Economy News
    Construction spending drops 0.4 percent in May (AP)

    Work continues on a condominium complex under construction in downtown Cleveland Tuesday, July 1, 2008. A government report due Tuesday is forecast to show that construction activity fell 0.5 percent in May, as pain in the housing sector continued to outweigh gains in other parts of the economy. (AP Photo/Mark Duncan)AP - Construction spending fell in May for the 11th time in the past year as a continuing slump in housing offset strength in nonresidential building.


    -- read full article
    Tue, 01 Jul 2008 17:25:28 GMT - Yahoo! News: Economy News
    Manufacturers struggle to overcome rising prices (AP)

    In this Jan. 7, 2007 file photo, a crane loads a cargo container onto a ship at the Port of Miami in Miami.  U.S. manufacturing activity grew for the first time in five months in June, thanks to strong exports, but the minimal growth came as inventories climbed and prices rose for every commodity except copper Tuesday, July 1, 2008.  (AP Photo/Wilfredo Lee, file)AP - Each week, Ira Cooper opens a letter from another supplier with the same message as the last: We're raising our prices, effective immediately. We can't tell you how long the new prices will last.


    -- read full article
    Tue, 01 Jul 2008 18:48:45 GMT - Yahoo! News: Economy News
    Dow ends flat but suffers worst 1st half since '70 (Reuters)

    Traders can be seen on the floor of the crude oil feature pit of the New York Mercantile Exchange, June 30, 2008. (Lucas Jackson/Reuters)Reuters - The Dow and S&P 500 were little changed on Monday on the final trading day of the second quarter as record oil boosted energy shares, offsetting weak financial stocks amid nagging concerns of further credit losses.


    -- read full article
    Mon, 30 Jun 2008 21:00:39 GMT - Yahoo! News: Economy News
    Reports show U.S. growth weak if not in recession (Reuters)

    A man gestures to a 'Sale' sign in a Target Store in Chicago, November 23, 2007. (John Gress/Reuters)Reuters - The U.S. economy continues to bump along at a slow level of growth but has probably not fallen into recession, a series of regional purchasing managers' reports suggested on Monday.


    -- read full article
    Mon, 30 Jun 2008 19:26:17 GMT - Yahoo! News: Economy News
    Results mixed at weekly Treasury auction (AP)
    AP - Interest rates on short-term Treasury bills were mixed in Monday's auction with yields on three-month bills rising while six-month bills declined. -- read full article
    Mon, 30 Jun 2008 19:34:04 GMT - Yahoo! News: Economy News
    Chrysler to shut minivan plant as sales slump (Reuters)

    Robotic arms work on the assembly line at Chrysler's St. Louis South Assembly Plant in a 2000 file photo. (Chrysler/Handout/Reuters)Reuters - Chrysler LLC will shut its St Louis minivan plant, cutting production of its top-selling vehicle and 2,400 factory jobs in a sign of the automaker's troubles with a market reeling from record gas prices.


    -- read full article
    Mon, 30 Jun 2008 23:41:32 GMT - Yahoo! News: Economy News
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