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Economic Slowdown

Dow Negative During This Milennium

Crossing Wall Street | Eddy Elfenbein | Posted 05.25.2011 | Business

The Dow closed at 11,453.42 which means the index is now in the red for the millennium. The Dow closed December 31, 1999 at 11,497.12. Of course, tha...

Ford cuts sales view, delays new pickup 2 months

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — Faced with a continuing plunge in pickup truck and sport utility vehicle sales, Ford Motor Co. on Friday tried to deal with the mess b...

Stocks drop on bank worries, FedEx profit warning

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street sank Wednesday for the second straight day on renewed concerns about the financial sector and FedEx Corp.'s warning that ...

Smaller Packaging Equals Hidden Eco-Costs

Treehugger.com | Christine Lepisto | Posted 05.25.2011 | Green

Are Producers Helping You to Stay on Budget? USA Today recently headlined a shocking review of the big name food companies that are trying to beat r...

Tables Turn, China Tells U.S. How To Run Its Economy

New York Times | Edward Wong | Posted 05.25.2011 | Business

BEIJING -- Not long ago, Chinese officials sat across conference tables from American officials and got an earful. The Americans scolded the Chinese ...

Fire, Weak Dollar Fuel Record Oil Prices

AP | JOHN WILEN | Posted 05.25.2011 | Business

NEW YORK — Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put sto...

The Economic Debate Has Yet to Target Key Issues

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

The US does not have energy independence or, for that matter, financial independence. Why? Partly because we live as if we are an island empire in an interdependent world.

Starbucks To Open 150 More European Locations

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Starbucks Corp (SBUX.O: Quote, Profile, Research) is boosting its European presence with plans to license 150 new locations in Br...

Green Jobs Rise By 20 Percent In The U.K.

GreenBiz.com | Posted 05.25.2011 | Green

LONDON, UK -- While the United Kingdom has seen job losses throughout the finance and property sectors, there has been a rise in jobs related to clima...

Taking Papers Private No Easier Than Running Them Publicly

Fortune | Devin Leonard | Posted 05.25.2011 | Business

NEW YORK (Fortune) -- Brian Tierney was pretty cocky when he and a group of investors bought the Philadelphia Inquirer and its sister, the tabloid Dai...

Dow Plummets Nearly 400 Points On Unemployment News, High Oil Prices

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street tumbled Friday, taking the Dow Jones industrials down nearly 400 points, on a pair of alarming economic developments: oil...

Latest Eco Trend: Buy Less, Live More

Planet Green | Michael Graham Richard | Posted 05.25.2011 | Green

There is a whole sub-culture within the personal finance world that is dedicated to frugal living (reducing your living expenses), and a lot of what w...

Economy Threatens McD's Dollar Menu

ChicagoBusiness.com | Emily Bryson York | Posted 05.25.2011 | Business

(Crain's) -- With sky-high commodity costs, an increase in minimum wage and consumers trading down to lower-price items, McDonald's owner/operators ar...

US logs better but still weak growth

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The economy logged slightly better _ but weak _ growth in the first quarter, spurred by improved sales of U.S. products overseas. W...

Buffett: Economy Is In Recession

AP | JOSH FUNK | Posted 05.25.2011 | Business

OMAHA, Neb. — Billionaires Warren Buffett and Charlie Munger say the pain many financial institutions are feeling because of the credit crunch i...

Stuck In The Slow Lane

New York Times | PETER S. GOODMAN and MICHAEL GRYNBAUM | Posted 05.25.2011 | Business

The American economy remained stuck in the slow lane over the first three months of the year, expanding by a modest 0.6 percent annualized rate, the C...

Poll: Iraq War Affecting Economic Downturn, Say 9 In 10

CBS News | Posted 05.25.2011 | Politics

According to a new poll by CBS News, 89% of Americans think that the Iraq War has contributed to the country's economic problems. Americans surveyed ...

Wall Street's Crisis Hits Main Street

New York Times | Peter S. Goodman | Posted 05.25.2011 | Business

In Seattle, sales at a long-established hardware store, Pacific Supply, are suddenly dipping. In Oklahoma City, couples planning their weddings are de...

Fed Cuts Interest; Stocks Soar

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve slashed a key interest rate by three-quarters of a point Tuesday, capping its most aggressive two months of act...

Jobless Claims Rose Last Week

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, pro...

How Much Is Our Government To Blame For Economic Freefall?

Wall Street Journal | GREG IP, JAMES R. HAGERTY and JONATHAN KARP | Posted 05.25.2011 | Business

As the falling housing market shakes financial institutions and pummels Americans in an election year, the nation's economic woes have surged to the t...

Recession Fears: Worry Like It's 1989

New York | Michael Idov | Posted 05.25.2011 | Business

The news keeps coming, each item worse than the one before. New-home sales fall 26 percent nationwide; the U.S. economy loses 17,000 jobs in January; ...

GOP Rep. Proud Her Constituents Are "Working Two Jobs' And 'Longer Hours'

Think Progress | Posted 05.25.2011 | Politics

Topping Congress's agenda as it returns this week is a plan to "jump-start the economy and try to shorten the slowdown that many economists say has al...

Obama Unveils $120 Billion Stimulus Plan

Associated Press | Ryan Nakashima | Posted 05.25.2011 | Politics

Democrat Barack Obama on Sunday unveiled an economic stimulus package costing up to $120 billion that his campaign said would put money in the hands o...

Growth Abroad Offsets Sluggish U.S. Sales

New York Times | Peter S. Goodman | Posted 05.25.2011 | Business

If the fortunes of the Power Curbers company were tied solely to business in the United States, these would be grim days at its factory on the fringes...