Economy
Featured Articles
Banks repossessed 1 million homes in 2010
By Janna Herron - Associated Press
Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and more will miss payments as they struggle with job losses and loans worth more than their home's value, industry analysts forecast. Published 9:07 a.m. January 13, 2011 - Comments
More people applied for jobless aid last week
By Christopher S. Rugaber - Associated Press
More people applied for unemployment benefits last week after retailers shed temporary holiday employees. Published 9:07 a.m. January 13, 2011 - Comments
Higher energy and food costs lift wholesale prices
By Jeannine Aversa - Associated Press
A spike in oil and food costs pushed wholesale prices up last month by the biggest amount in nearly a year, a trend that could threaten the still-fragile global economy. Published 12:46 p.m. January 13, 2011 - Comments
Portugal clears hurdle with sale of bonds
By Barry Hatton and Pan Pylas - Associated Press
Tensions over Europe's simmering debt crisis eased slightly on Wednesday as ailing Portugal, viewed as the next candidate for a bailout after Greece and Ireland, showed it can still raise money on international markets and the EU proposed to boost the size and powers of its rescue fund. Published 7:57 p.m. January 12, 2011 - Comments
Oil panel comes up dry on offshore drilling
By Patrice Hill - The Washington Times
A report from a presidential commission Tuesday did little to break the political deadlock over offshore drilling, prompting some observers to warn that the United States is headed toward another gas-price crunch this summer. Published 9:05 p.m. January 11, 2011 - Comments
Recent Articles
Obama 'HOPE' artist and AP settle copyright claims
By Larry Neumeister - Associated Press
The Associated Press and the artist who created the Barack Obama "HOPE" image announced Wednesday they have agreed to settle their copyright infringement claims against each other and will work together again in projects that use the news agency's pictures. Published 2:45 p.m. January 12, 2011 - Comments
HOLMES: U.S. is land of the 'mostly free' economy
By Kim R. Holmes - The Washington Times
America's free and open economy is the key to our unparalleled prosperity. It's why we have the world's largest economy and why so many people around the world want to come here. Without economic freedom, there would be no American dream. Alas, that dream is fading. Published 6:18 p.m. January 12, 2011 - Comments
Chinese bank launches yuan service in New York
By Associated Press
A state-owned Chinese bank says its New York City branch has begun offering accounts denominated in China's tightly controlled yuan in a new move to expand the currency's global reach. Published 6:55 p.m. January 12, 2011 - Comments
Chamber chief 'cautiously' optimistic about economy
By Joseph Weber - The Washington Times
U.S. Chamber of Commerce President and CEO Thomas J. Donohue said Tuesday he "was cautiously" optimistic about the state of the economy and outlined a four-point plan to put jobless Americans back to work. Published 9:10 a.m. January 11, 2011 - Comments
Germany kills hundreds of dioxin-contaminated pigs
By Kirsten Grieshaber - Associated Press
German authorities ordered hundreds of pigs slaughtered Tuesday after tests showed high levels of a cancer-causing chemical for the first time in swine, as the nation's dioxin scandal widened beyond poultry and eggs. Published 9:54 a.m. January 11, 2011 - Comments
Verizon to start selling iPhone on Feb. 10
By Peter Svensson - Associated Press
updated 1 day, 23 hours ago
Verizon Wireless made the long-awaited announcement Tuesday that it will start selling a version of the iPhone 4 on Feb. 10, giving U.S. iPhone buyers a choice of carriers for the first time. Published 11:00 a.m. January 11, 2011 - Comments
TONELSON: No recovery ahead if right just swaps its myths for left's
By Alan Tonelson - The Washington Times
Republicans and conservatives rightly complain that bubble-fueled growth has largely been replaced by equally perilous bailout-fueled growth. But do they seriously believe another meltdown can be avoided if current bailouts are slashed or eliminated? Published 7:56 p.m. January 11, 2011 - Comments
Goldman Sachs promises transparency in new report
By Pallavi Gogoi - Associated Press
In an internal report released Tuesday, Goldman Sachs said it would begin disclosing more information about how it makes money and ensure that its business practices put the interests of its clients first. Published 1:46 p.m. January 11, 2011 - Comments
MySpace slashes nearly half its global staff
By Ryan Nakashima - Associated Press
Struggling entertainment site MySpace said Tuesday that it is cutting nearly half of its staff worldwide, or about 500 people, after an extensive revamp in October overhauled its look and allowed it to be run with fewer people. Published 3:27 p.m. January 11, 2011 - Comments
Not Registered Yet?
Comment on articles. Receive e-mail newsletters and alerts. Sign up today.
