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Commerce Department

Economy Skids to Near Halt

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused pe...

Stocks Rise on Rate Cut Hopes

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — A jittery Wall Street advanced Monday, reversing some of Friday's sharp losses as investors took a dismal new home sales report as a ...

Stocks Slide On Negative Citi News

AP | LESLIE WINES | Posted 05.25.2011 | Business

Stocks skidded Tuesday after weak economic news and a disappointing quarterly report from Citigroup Inc. signaled Wall Street's worries about the econ...

Dow Drops 280 Points On Recession Worries

AP | Leslie Wines | Posted 05.25.2011 | Business

A growing conviction that the U.S. is headed toward recession sent Wall Street plunging Tuesday, with weak retail sales figures and a disappointing qu...

Oil Imports Push U.S. Trade Deficit To 14-Month High

AP | Martin Crutsinger | Posted 05.25.2011 | Entertainment

The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined...

Sales Of New Homes Worse Than Expected

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years. The slump ...

Stocks Close Flat After Erratic Trading Week

AP | Tim Paradis | Posted 05.25.2011 | Business

Stocks finished an erratic week narrowly mixed Friday after a government report of a steep decline in new home sales stirred concerns that weakness in...

Bhutto Death, Durable Goods Data Send Stocks Down

AP | Tim Paradis | Posted 05.25.2011 | Business

Stocks fell in early trading Thursday after the assassination of Pakistani opposition leader Benazir Bhutto and after the U.S. government reported a w...

Housing Construction Hits 16-Year Low

AP | Martin Crutsinger | Posted 05.25.2011 | Business

Housing construction fell in November with single-family activity dropping to the lowest level in more than 16 years. Analysts said the recession in h...

US Trade Deficit Declines

AP | Martin Crutsinger | Posted 05.25.2011 | Business

The U.S. trade deficit declined during the third quarter to the lowest level in two years, raising hopes that the country's trade troubles could be ea...

Consumer Spending Higher Than Expected

AP | Martin Crutsinger | Posted 05.25.2011 | Business

Consumers shrugged off a rash of bad news to push spending up by a bigger-than-expected amount in August while a key measure of inflation eased to the...