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    U.S. Economy Headlines
    Goldman's Wilson to advise Paulson on banking: report (Reuters)
    Reuters - Goldman Sachs Group Inc's Ken Wilson will temporarily leave the firm to advise U.S. Treasury Secretary Henry Paulson on how to resolve the country's banking crisis, the Wall Street Journal said, citing people familiar with the matter. -- read full article
    Mon, 21 Jul 2008 05:41:19 GMT - Yahoo! News: Economy News
    Economy needs months to recover: Paulson (Reuters)

    Secretary of the Treasury Henry Paulson testifies before the U.S. Senate Banking Committee on Capitol Hill in Washington, July 15, 2008. REUTERS/Larry DowningReuters - The U.S. economy will need months to recover from a growth slowdown caused by a home mortgage crisis, turmoil in financial markets and high energy prices, Treasure Secretary Henry Paulson said on Sunday.


    -- read full article
    Sun, 20 Jul 2008 15:29:55 GMT - Yahoo! News: Economy News
    Economy not looking so bad, as viewed from the farm (Reuters)
    Reuters - The U.S. housing crisis looks pretty distant when viewed from the cornfields of middle America, although land values pushed up by record commodity prices also evoke past booms that ended in bust. -- read full article
    Sun, 20 Jul 2008 16:09:11 GMT - Yahoo! News: Economy News
    Banks sound but economy to take time: Paulson (Reuters)
    Reuters - The U.S. economy needs months to recover from its slowdown, but the banking system remains sound despite a home mortgage crisis that could cause more problems, Treasury Secretary Henry Paulson said. -- read full article
    Sun, 20 Jul 2008 16:50:32 GMT - Yahoo! News: Economy News
    Consumers change buying habits, but will it last? (AP)

    Tiereny Lloyd of Odenton, Md., picks up her repaired shoes from Alexandria Shoe Repair and Leather Service in Alexandria, Va. on Thursday July 10, 2008. 'A younger crowd who lives in the disposable world are now realizing they can have their shoes repaired,' store owner Barbara Steube said.  (AP Photo/Jacquelyn Martin)AP - Adrienne Radtke plans to keep riding her bike to work even if gas prices drop. Steve Pizzini got rid of his Cadillac Escalade in favor of a 16-year-old Acura and doesn't expect to have another gas-guzzler.


    -- read full article
    Sun, 20 Jul 2008 17:15:34 GMT - Yahoo! News: Economy News
    Ask AP: Oil and gas prices, Obama's citizenship (AP)

    This 1960's photo provided by the presidential campaign of Sen. Barack Obama, D-Ill., shows Obama with his mother Ann Dunham. A reader-submitted question about Obama's citizenship being answered as part of an Associated Press Q&A column called 'Ask AP.'  (AP Photo/Obama Presidential Campaign)AP - For weeks — months — the price of a barrel of oil marches skyward, and gas prices at the pump soar to frustrating heights.


    -- read full article
    Fri, 18 Jul 2008 19:27:37 GMT - Yahoo! News: Economy News
    Oil prices tumble in biggest weekly drop ever (AP)

    Oil traders react during trading  activity on the floor of the New York Mercantile Exchange, Friday July 18, 2008.  Oil prices rose above $131 a barrel Friday as news of an output cut in Nigeria helped to halt the sharp decline in prices that began three days ago. (AP Photos/Bebeto Matthews)AP - The price of oil recorded its biggest weekly drop ever, and a gallon of gas finally pulled back from its record high. So is it time to declare the energy bubble popped?


    -- read full article
    Fri, 18 Jul 2008 23:03:43 GMT - Yahoo! News: Economy News
    Going small: A Smart driving experience (AP)

    In this Dec. 4, 2007 file photo, Daimler AG's Smart fortwo micro car is driven on a street in Washington. (AP Photo/Lawrence Jackson, file)AP - Sometimes, I guess, timing is everything. When DaimlerChrysler AG announced in 2006 that it planned to bring the Smart fortwo micro car to the United States after nearly a decade in Europe, gas prices had reached about $2.80 a gallon. Now, Americans are paying more than $4 a gallon at the pump, SUV sales are plummeting and consumers are hungry for smaller, more fuel-efficient vehicles.


    -- read full article
    Sat, 19 Jul 2008 08:47:34 GMT - Yahoo! News: Economy News
    Merrill may still sell BlackRock, CreditSights says (Reuters)
    Reuters - Merrill Lynch & Co may still be forced to sell its valuable stake in fund manager BlackRock to bolster its balance sheet, research firm CreditSights said in a report. -- read full article
    Fri, 18 Jul 2008 14:13:19 GMT - Yahoo! News: Economy News
    Ask AP: Oil and gas prices, Obama's citizenship (AP)

    FOR EDITORIAL USE ONLY,NO SALESAP - For weeks — months — the price of a barrel of oil marches skyward, and gas prices at the pump soar to frustrating heights.


    -- read full article
    Fri, 18 Jul 2008 16:13:34 GMT - Yahoo! News: Economy News
    Stocks up on oil, earnings optimism fizzles late (Reuters)

    Pedestrians walk past Merrill Lynch offices in New York City. Wall Street investment giant Merrill Lynch on Thursday announced a quarterly loss of 4.6 billion dollars, driven by hefty writedowns from its bets on the US real estate market.(AFP/Getty Images/File/Daniel Barry)Reuters - Stocks soared on Thursday on a sharp drop in oil and several unexpectedly strong earnings reports, but the rally may not hold into Friday, given disappointing results from Google, Microsoft and Merrill Lynch after the bell.


    -- read full article
    Thu, 17 Jul 2008 22:01:16 GMT - Yahoo! News: Economy News
    Wall Street surges again on falling energy prices (AP)

    Pedestrians walk past Merrill Lynch offices in New York City. Wall Street investment giant Merrill Lynch on Thursday announced a quarterly loss of 4.6 billion dollars, driven by hefty writedowns from its bets on the US real estate market.(AFP/Getty Images/File/Daniel Barry)AP - Wall Street shot higher Thursday, extending its rally into a second session as tumbling energy prices bolstered an already upbeat mood that followed stronger-than-expected quarterly reports from big names like JPMorgan Chase and United Technologies. The Dow Jones industrial average rose more than 200 points, bringing their two-day advance to more than 480.


    -- read full article
    Thu, 17 Jul 2008 21:39:14 GMT - Yahoo! News: Economy News
    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.


    -- read full article
    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.


    -- read full article
    Thu, 17 Jul 2008 19:35:41 GMT - Yahoo! News: Economy News
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