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    U.S. Economy Headlines
    Consumers look for small ways to save money (Reuters)

    Shopper Laura Miller (L) and her daughter shop at a Wal-Mart store in Santa Clarita, California April 1, 2008. REUTERS/Mario AnzuoniReuters - Cincinnati receptionist Roz Steadman had never been much of a coupon clipper, but the urge to be more careful with her money amid a faltering economy changed that about a month ago.


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    Thu, 17 Jul 2008 19:00:46 GMT - Yahoo! News: Economy News
    Paulson to speak on economy, markets next week (Reuters)
    Reuters - Treasury Secretary Henry Paulson will deliver remarks on financial markets and the economy on Tuesday in New York, the Treasury said on Thursday. -- read full article
    Thu, 17 Jul 2008 19:20:33 GMT - Yahoo! News: Economy News
    Gas trades backfire for California desert utility (AP)

    Mario Escalera, interim manager for the energy department at the Imperial Irrigation District, opens the door to a facility in a strip mall which was once used for energy trading in El Centro, Calif. Thursday, June 5, 2008.  In 2005 and 2006, Bill Rapp, a former energy trader with the utility, bought $155 million worth of natural gas after Hurricane Katrina struck. It was a bet that gas prices would continue climbing--a bet that proved spectacularly wrong.   (AP Photo/Denis Poroy)AP - From his office in a strip mall in the Southern California desert, energy trader Bill Rapp bet heavily that Hurricane Katrina would cause natural gas prices to go up and up and up.


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    Thu, 17 Jul 2008 19:35:41 GMT - Yahoo! News: Economy News
    Commodities drop for 3rd day as oil keeps falling (AP)
    AP - Commodities turned lower for a third day Thursday, as steep drops in crude oil and natural gas prices fed beliefs that high energy costs are curbing Americans' fuel consumption and at least temporarily cooling the commodities boom. -- read full article
    Thu, 17 Jul 2008 20:01:09 GMT - Yahoo! News: Economy News
    Summary Box: Restaurant profits may be dismal (AP)
    AP - RESTAURANTS: Most are expected to report dismal profits for the second quarter, despite economic stimulus checks meant to boost spending and sales. The checks helped in May, but sales dropped off in June as gas prices soared. -- read full article
    Thu, 17 Jul 2008 20:12:07 GMT - Yahoo! News: Economy News
    Investment firms, banks step up Fed loans (AP)

    US Federal Reserve Board Chairman Ben Bernanke in Capitol Hill in Washington, DC on July 16. The beleaguered US banking sector faces a fresh test on as banking titan JPMorgan Chase and investment giant Merrill Lynch prepare to release quarterly results which will be closely scrutinized by financial markets(AFP/Tim Sloan)AP - Wall Street firms and banks stepped up their borrowing over the past week from the Federal Reserve's emergency lending program.


    -- read full article
    Thu, 17 Jul 2008 20:45:44 GMT - Yahoo! News: Economy News
    Treasury prices edge lower as stocks rise (AP)
    AP - Treasury prices fell sharply Thursday as several upbeat earnings reports, falling energy prices and an unexpected jump in housing starts alleviated some of investors' concerns about the economy. -- read full article
    Thu, 17 Jul 2008 21:11:26 GMT - Yahoo! News: Economy News
    Single-family building dips to slowest in 17 years (AP)

    Felipe Mateos of Felipe Torres Masonrei lays bricks on a new home Thursday, July 17, 2008 in New Albany, Ohio. Construction of single-family homes fell in June to the slowest pace in 17 years although a change in New York laws helped give a big boost to apartment building. (AP Photo/Kiichiro Sato)AP - A beat-the-deadline rush to file permits for apartment construction in New York City lifted housing starts to unexpectedly high levels in June, but it was no cause for rejoicing. Construction of single-family homes nationwide fell to the slowest pace in 17 years.


    -- read full article
    Thu, 17 Jul 2008 22:05:32 GMT - Yahoo! News: Economy News
    Home starts up on one-time event, still weak (Reuters)
    Reuters - Housing starts took a surprising jump in June, the government reported on Thursday, but only because of a change in New York's building code that briefly obscured a drop in single-family home-building. -- read full article
    Thu, 17 Jul 2008 22:21:03 GMT - Yahoo! News: Economy News
    Recession-Proof Jobs (BusinessWeek Online)
    BusinessWeek Online - These are tough times for job seekers. The U.S. unemployment rate held steady in June at 5.5%, the highest rate since October 2004. The outlook is especially bleak in residential construction and automobiles, and for workers without a college degree. -- read full article
    Thu, 17 Jul 2008 12:08:41 GMT - Yahoo! News: Economy News
    More people sign up for jobless benefits (AP)
    AP - The number of newly laid-off people signing up for jobless benefits rose last week as companies keep work forces lean given the economy's slowdown. -- read full article
    Thu, 17 Jul 2008 12:38:56 GMT - Yahoo! News: Economy News
    Jobless claims rise to 366,000 last week (Reuters)
    Reuters - The number of U.S. workers filing new claims for jobless benefits rose by a less-than-expected 18,000 last week to 366,000 on a seasonally adjusted basis, a Labor Department report showed on Thursday. -- read full article
    Thu, 17 Jul 2008 12:41:20 GMT - Yahoo! News: Economy News
    Oil's price drop, JPMorgan profit boost stocks (Reuters)

    Lehman Brothers trader Scott Mazzella, center, confers with other traders as they gather around his station during early trading at the New York Stock Exchange, Thursday, July17, 2008. Wall Street extended its rally into a second session Thursday after stronger-than-expected quarterly reports from JPMorgan Chase & Co. and United Technologies Corp. gave investors some reassurance about the health of the economy. (AP Photos/Bebeto Matthews)Reuters - Stocks climbed more than 1 percent on Thursday as oil prices dropped sharply for the third day, while banks rallied after stronger-than-expected results from JPMorgan Chase & Co.


    -- read full article
    Thu, 17 Jul 2008 18:24:32 GMT - Yahoo! News: Economy News
    Stocks surge as falling energy prices bolster mood (AP)

    Trader Tommy Kalikas talks on his phone as he checks his digital notepad during early trading at the New York Stock Exchange, Thursday July17, 2008.Stocks mostly rose Thursday as investors parsed stronger-than-expected quarterly reports from JPMorgan Chase & Co. and United Technologies Corp. that gave investors some reassurance about the health of the economy.  (AP Photos/Bebeto Matthews)AP - Wall Street is surging for the second straight day as tumbling energy prices bolster an already upbeat mood in the market. The Dow Jones industrial average is up 170 points at the 11,409 level, and has been up more than 200 in afternoon trading.


    -- read full article
    Thu, 17 Jul 2008 18:37:45 GMT - Yahoo! News: Economy News
    Philly Fed factory activity falls again in July (Reuters)
    Reuters - Factory activity in the U.S. Mid-Atlantic region shrank again in July, reflecting a weakening economy and the strain of rising costs. -- read full article
    Thu, 17 Jul 2008 14:40:06 GMT - Yahoo! News: Economy News
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