AP survey: A bleaker outlook for economy into 2011 (AP)
Thu, 29 Jul 2010 11:04:52 GMT

Kasey Doshier, 32, Art Director at MediaTec Publishing, stands along the downtown Chicago riverside where she often brings her lunch, instead of eating out, Tuesday, July 27, 2010 in Chicago. Doshier said the recession taught her to rein in her spending. (AP Photo/Kiichiro Sato)AP - The U.S. economic recovery will remain slow deep into next year, held back by shoppers reluctant to spend and employers hesitant to hire, according to an Associated Press survey of leading economists.


After crisis, firms fuel spark of European optimism (Reuters)
Thu, 29 Jul 2010 11:00:38 GMT
Reuters - A string of Europe's largest firms issued surprisingly upbeat profit reports on Thursday, bolstering an abrupt renewal of investor confidence in the region after months of debt turmoil and fears for the euro.
US recovery fears weigh on Asian markets (AFP)
Thu, 29 Jul 2010 10:14:51 GMT

A concerned investor looks at a sea of red (indicating falling share prices) on a display at the Australian Stock Exchange in Sydney on May. Concerns about the strength of economic recovery in the United States weighed on Asian stocks Thursday, with traders cashing in profits from recent gains in banks.(AFP/File/Torsten Blackwood)AFP - Concerns about the strength of economic recovery in the United States weighed on Asian stocks Thursday, with traders cashing in profits from recent gains in banks.


Euro zone economic sentiment rises to 28-month high (Reuters)
Thu, 29 Jul 2010 10:10:20 GMT
Reuters - Euro zone economic sentiment rose strongly in July, buoyed by figures from Germany that point to a recovery as the currency area overcomes the sovereign debt crisis, but the outlook remains uncertain.
German jobless rate edges up to 7.6 percent (AP)
Thu, 29 Jul 2010 10:02:25 GMT
AP - Germany's unemployment rate edged up slightly to 7.6 percent in July from 7.5 percent the previous month as summer vacations started, but the labor market is still on the road to recovery, new data showed Thursday.
Eurozone economic sentiment up again in July (AP)
Thu, 29 Jul 2010 09:33:00 GMT
AP - Economic sentiment in the 16 countries that use the euro is at its highest level for over two years, the European Commission said Thursday.
Oil hovers near $77 on US economy, crude demand (AP)
Thu, 29 Jul 2010 05:40:01 GMT

Eric Theriault, of Cash Energy Co., makes a heating oil delivery Tuesday, July 27, 2010 in Portland, Maine. According to the U.S. Energy Information Administration, heating oil prices are expected to climb gradually this winter with no wild price spikes projected. (AP Photo/Joel Page)AP - Oil prices hovered near $77 barrel Thursday in Asia amid signs of a slowing U.S. economy and weak demand for crude.


Japan retail sales up 3.2 percent in June (AP)
Thu, 29 Jul 2010 02:52:57 GMT
AP - Japan's retail sales in June rose for the sixth straight month, but the pace of growth is slowing.
Obama pushes business bill as an all-American goal (AP)
Wed, 28 Jul 2010 23:23:53 GMT

President Barack Obama delivers remarks following his meeting with small business owners, Wednesday, July 28, 2010, at the Tastee Sub Shop in Edison, N.J,. (AP Photo/Pablo Martinez Monsivais)AP - President Barack Obama on Wednesday cast his latest economic pitch as a matter of patriotism, urging the Senate to ditch its partisan mode at least long enough to pass a package of tax cuts and loan relief for small businesses. "This is as American as apple pie," the president said.


Jobless rate to stay high: former Fed No. 2 (Reuters)
Wed, 28 Jul 2010 22:46:18 GMT
Reuters - The United States will suffer high unemployment for some time as it slowly recovers from the deep recession that ended in 2009, a former second in command at the Federal Reserve said on Wednesday.
Durable goods orders fall while business spending up (Reuters)
Wed, 28 Jul 2010 22:45:47 GMT

Shoppers look at appliances at a Home Depot store in New York in this file image from December 23, 2009. REUTERS/Lucas Jackson/FilesReuters - New orders for long-lasting manufactured goods fell unexpectedly for a second straight month in June, posting the largest drop since August in a sign economic recovery cooled in the second quarter.


Economic Expansion Cooling, Fed Says (Investor's Business Daily)
Wed, 28 Jul 2010 22:35:00 GMT
Investor's Business Daily - Economic activity continued to increase "on balance" from early June to mid-July, though it stalled or slowed in several districts, the Federal Reserve said Wednesday in its beige book report.
Nvidia cuts its 2Q sales forecast; shares fall (AP)
Wed, 28 Jul 2010 22:07:10 GMT
AP - Nvidia Corp. lowered its sales forecast for its second quarter Wednesday, blaming a shift toward lower-priced chips as well as economic weakness in Europe and China. Its shares fell in aftermarket activity.
Schwarzenegger declares California fiscal emergency (Reuters)
Wed, 28 Jul 2010 21:55:58 GMT
Reuters - California Governor Arnold Schwarzenegger declared a state of emergency over the state's finances on Wednesday, raising pressure on lawmakers to negotiate a state budget that is more than a month overdue and will need to close a $19 billion shortfall.
Highlights from the Fed's latest economic survey (AP)
Wed, 28 Jul 2010 21:31:18 GMT
AP - Highlights from the Federal Reserve's survey of economic conditions nationwide. The survey, released Wednesday and known as the Beige Book, is based on information collected from the Fed's 12 regional bank districts.
US Fed sees 'modest' recovery faltering in some regions (AFP)
Wed, 28 Jul 2010 21:26:11 GMT

The US Federal Reserve building is seen from the air over Washington, DC. The AFP - The "modest" US economic recovery is slowing in some parts of the country, the Federal Reserve warned in its latest Beige Book report published Wednesday.


Unemployment rises in 75 pct of metro areas (AP)
Wed, 28 Jul 2010 20:50:00 GMT
AP - The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as nearly one million teenagers entered the work force looking for summer jobs.
Fed survey: Recovery slows in some places (AP)
Wed, 28 Jul 2010 20:35:06 GMT
AP - The pace of economic activity has slowed or held steady in parts of the country, revealing a choppy path back to health.
Obama presses lawmakers on small-business jobs plan (Reuters)
Wed, 28 Jul 2010 20:32:47 GMT

U.S. President Barack Obama makes remarks about the Senate campaign finance reform vote in the Rose Garden of the White House in Washington July 26, 2010. REUTERS/Kevin LamarqueReuters - President Barack Obama on Wednesday kept up his push for U.S. Senate approval of a $30 billion small-business lending package he said would generate jobs, and urged Republicans to stop blocking the plan for political gain.


Summary Box: Unemployment up in most metro areas (AP)
Wed, 28 Jul 2010 19:42:54 GMT
AP - WIDESPREAD INCREASE: The unemployment rate in about three-quarters of the nation's largest metro areas rose last month. That reverses the trend of the previous three months, when joblessness fell in most metro areas.