BUSINESS NEWS

Friday, December 5, 2008 Subscribe   Print   Email   Bookmark

Economic Issues

1 to 10 of 267 stories over past 30 days    view more

U.S. recession to deepen in coming months: ECRI

NEW YORK, Dec. 5, 2008 (Reuters) — A measure of future U.S. economic growth and its annualized growth rate both ticked up in the latest week, but they still suggest the recession will intensify in the near future, a research group said on Friday. ...  > full story

Hartford soars on higher outlook, strong capital

NEW YORK, Dec. 5, 2008 (Reuters) — Hartford Financial Services Group Inc raised its 2008 profit forecast and said it had more than enough capital to withstand significant further deterioration in equity markets, sending its shares up as much as 52 percent. ...  > full story

Late mortgage payments and foreclosures hit record

NEW YORK, Dec. 5, 2008 (Reuters) — Late mortgage payments and the rate of home loans in foreclosure rose to record highs in the third quarter, threatening to escalate as the recession erases jobs and further strains homeowners, the Mortgage Bankers Association said on Friday. ...  > full story

U.S. job losses worst since 1974 as downturn deepens

WASHINGTON, Dec. 5, 2008 (Reuters) — U.S. employers axed payrolls by 533,000 jobs in November, the most in 34 years and far more than expected, government data on Friday showed, as the year-old recession hammered every corner of the U.S. economy. ...  > full story

China, U.S. pledge cooperation after "robust" talks

BEIJING, Dec. 5, 2008 (Reuters) — China and the United States pledged on Friday to boost efforts to tackle the turmoil engulfing global markets and to continue high-level cooperation when President-elect Barack Obama takes office. ...  > full story

Pimco says jobs point to dismal Q4

NEW YORK, Dec. 5, 2008 (Reuters) — Mohamed El-Erian, the chief executive of bond giant Pacific Investment Management Co., or Pimco, said the 533,000 drop in U.S. non-farm payrolls in November points to a contraction of gross domestic product of 4 or 5 percent in the fourth quarter. ...  > full story

Honda quits Formula One

FRANKFURT/TOKYO, Dec. 5, 2008 (Reuters) — Global sales at BMW, the world's top premium carmaker, plunged by a quarter in November, and Honda backed out of Formula One racing on Friday as the economic downturn exacted a mounting toll on automakers. ...  > full story

Toshiba to halt chip output due to weak demand

TOKYO, Dec. 5, 2008 (Reuters) — Toshiba Corp <6502.T>, the world's No. 2 maker of NAND flash memory, will halt chip production at two plants for nine days due to weak demand, in its first output break in seven years, broadcaster NHK reported on Friday. ...  > full story

Asian shares edge up

HONG KONG, Dec. 5, 2008 (Reuters) — Asian shares edged higher on Friday following record rate cuts by central banks in Europe, though plenty of caution remained, lifting the dollar ahead of what is expected to be dismal U.S. employment data. ...  > full story

Boeing set to announce new 787 delays

NEW YORK, Dec. 4, 2008 (Reuters) — Boeing Co is expected to announce further delays to its new 787 Dreamliner next week, or shortly after, when it takes into account the damage of a two-month strike by its machinists and a number of production problems nagging at the program. ...  > full story
Copyright Reuters 2008. See Restrictions for more details.

Search NewsDaily

Number of stories in archives: 2,855
Find with keyword(s):
 
Enter a keyword or phrase to find the latest news stories,
plus related articles, videos, blog posts, and podcasts.

 

Jump to Page:  <<  1  2  3  4  5  >>

NEWS FROM THE NET

Related Articles

Related Audio

Related Video

Related Blogs

Subscribe to our free RSS newsfeeds using your favorite reader or browser:
close
Post this page to your favorite social bookmarking site:
close
Include this item in your blog or web site:
close
Email this page's link to a friend or colleague:
close