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    U.S. Economy Headlines
    Consumers, home sales paint less gloomy picture (Reuters)

    Vacuum cleaners stand on display at a store in Santa Monica, California, May 28, 2008. (Lucy Nicholson/Reuters)Reuters - Consumer sentiment rebounded in July from a 28-year low and business investment rose unexpectedly last month, according to data on Friday that showed rare signs of resilience for the U.S. economy.


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    Fri, 25 Jul 2008 15:24:17 GMT - Yahoo! News: Economy News
    Ask AP: Candidates' salaries, Alaska's pricey gas (AP)

    In this  Tuesday, May 20, 2008 file photo, a recreational vehicle pulls out of a gas station near Anchorage, Alaska. A reader-submitted question about gas prices in Alaska is being answered as part of an Associated Press Q&A column called 'Ask AP.' (AP Photo/Al Grillo, FILE)AP - An awful lot of the oil produced in the United States comes from the nation's northernmost state. So why are gas prices at Alaska's filling stations among the highest in the country?


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    Fri, 25 Jul 2008 16:16:34 GMT - Yahoo! News: Economy News
    US new home sales slip in June, but beat forecasts (AFP)

    Vacant lots sit for sale in an unfinished neighborhood in Illinois, United States. New home sales in the US fell 0.6 percent in June but the pace was better than expected, reflecting a sharp upward revision in May data, the government reported.(AFP/Getty Images/File)AFP - New US home sales fell 0.6 percent in June to a better than expected pace as declining prices appeared to lure wary buyers back into the devastated market, government data showed Friday.


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    Fri, 25 Jul 2008 16:32:27 GMT - Yahoo! News: Economy News
    Dow, S&P 500 briefly turn negative on financials (Reuters)

    The sun lights the exterior of the New York Stock Exchange, as people walk past on the shadowed street, July 16, 2008. (Chip East/Reuters)Reuters - The Dow and S&P 500 moved into negative territory on Friday, erasing earlier gains after Standard & Poor's said it may cut the subordinated debt and preferred stock ratings of Fannie Mae and Freddie Mac .


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    Fri, 25 Jul 2008 17:59:33 GMT - Yahoo! News: Economy News
    New home sales fall less than expected (AP)

    A sign advertising a reduced price is seen in front of a home for sale in Richmond, California, June 2008. US home sales have fallen another 2.6 percent in June as inventories rose and prices fell with buyers still hesitant in the face of a horrific market slump, industry data has shown.(AFP/Getty Images/File/Justin Sullivan)AP - Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the nation's severe housing recession could be approaching a bottom.


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    Fri, 25 Jul 2008 17:26:58 GMT - Yahoo! News: Economy News
    Yahoo's Zimbra Desktop Manages E-Mail, Documents (NewsFactor)
    NewsFactor - Zimbra is offering an office productivity suite. The Yahoo-owned provider of open-source messaging and collaboration tools announced Thursday a free beta of Yahoo Zimbra Desktop, which offers a centralized location for managing e-mail even when a user is not connected to the Internet, plus a tool for creating documents and spreadsheets. -- read full article
    Fri, 25 Jul 2008 17:55:43 GMT - Yahoo! News: Economy News
    Fortune Brands profit falls but tops lowered view (Reuters)

    Three bourbon whiskeys, all owned by Fortune Brands including (L-R) Maker's Mark, Jim Beam and Knob Creek, are displayed in Golden, Colorado, July 24, 2008. (Rick Wilking/Reuters)Reuters - Fortune Brands Inc reported a quarterly profit that topped Wall Street's lowered expectations on Friday, after the consumer products maker had warned that weak consumer sentiment, the U.S. housing slump and higher taxes would depress earnings more than expected.


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    Fri, 25 Jul 2008 18:40:06 GMT - Yahoo! News: Economy News
    Destination retailers feel gas price pinch (AP)
    AP - Consumer spending is down and gas prices are up. That's bad math for the scores of destination retailers across the country that want customers to fill up the tank for a gas-guzzling day of retail therapy. -- read full article
    Fri, 25 Jul 2008 18:57:49 GMT - Yahoo! News: Economy News
    Ford posts $8.7 billion second-quarter loss on truck slump (Reuters)

    The sign outside a Ford dealership in Broomfield, Colorado July 23, 2008. (Rick Wilking/Reuters)Reuters - Ford Motor Co posted a record $8.7 billion quarterly loss on Thursday as it wrote down the value of slumping truck and SUV operations and revamped plans in a bid to break its reliance on the gas-guzzlers that have been its franchise vehicles for a decade.


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    Thu, 24 Jul 2008 20:12:14 GMT - Yahoo! News: Economy News
    New layoff filings jump as companies retrench (AP)
    AP - The government reports that the number of newly laid off people filing claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy. -- read full article
    Thu, 24 Jul 2008 12:35:46 GMT - Yahoo! News: Economy News
    Chain Grocers Put a Face on Food (U.S. News & World Report)
    U.S. News & World Report - Locally grown produce is in vogue as even the biggest grocers try to appeal to shoppers and save on fuel costs. Among the big names selling homegrown food are Whole Foods Market, Safeway, Tesco, and Wal-Mart. As gas prices remain high and the popularity of local food grows--the number of local farmers markets has more than doubled in the past decade, the Department of Agriculture says--grocers are reviving the old practice of buying from smaller regional farms. -- read full article
    Thu, 24 Jul 2008 20:00:14 GMT - Yahoo! News: Economy News
    Home sales at 10-year low, jobless claims jump (Reuters)

    A newly built home sits vacant with a 'for sale' sign in front, in the Courtland Ridge development in Alpine, Utah, March 26, 2008. (George Frey/Reuters)Reuters - Jobless claims jumped and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold houses weighed on real estate, data released on Thursday showed.


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    Thu, 24 Jul 2008 20:15:47 GMT - Yahoo! News: Economy News
    Jobless claims jump as housing market gets weaker (AP)

    Brochures sit in a rack outside an existing home for sale in Denver on Sunday, July 20, 2008. Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades. (AP Photo/David Zalubowski)AP - Two cornerstones of the economy — jobs and housing — sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record.


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    Thu, 24 Jul 2008 20:31:48 GMT - Yahoo! News: Economy News
    Banks step up Fed borrowing, Wall Street passes (AP)

    In this July 16, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee hearing on Capitol Hill in Washington. The chairman's financial disclosure form, released Monday, July 18, 2008, showed his holdings last year were in no-fills investments, including U.S. Treasury securities, Canadian Treasury bonds, mutual funds and annuities. (AP Photo/Susan Walsh, file)AP - Banks stepped up their borrowing over the past week from the Federal Reserve's emergency lending program, while Wall Street firms didn't draw such loans.


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    Thu, 24 Jul 2008 20:34:53 GMT - Yahoo! News: Economy News
    The slump persists: Home sales tumble across US (AP)

    Brochures sit in a rack outside an existing home for sale in Denver on Sunday, July 20, 2008. Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades. (AP Photo/David Zalubowski)AP - Sales of existing homes tumbled more sharply than expected in June, pushing activity down to the lowest level in more than a decade.


    -- read full article
    Thu, 24 Jul 2008 20:43:04 GMT - Yahoo! News: Economy News
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