Economy

  • Stocks slide ahead of corporate earnings season
    Untitled 2012-07-10 00:08:16 UTC
    NEW YORK (AP) — Edgy investors sent stocks lower Monday on Wall Street ahead of U.S. corporate earnings reports and amid more signs of instability in Europe. The Dow Jones industrial average closed down 36.18 points at 12,736.29. It was the Dow...
  • Boeing lands $7.2B firm order with Air Lease
    Alc737-777 2012-07-09 12:07:40 UTC
    Boeing says it has landed a firm order with Air Lease for 75 of its redesigned 737, worth $7.2 billion at list prices. Aircraft purchasers rarely pay full price, but the order represents a huge win for Boeing at the opening of the Farnborough I...
  • WellPoint buying Amerigroup for about $4.46B
    Earns-wellpoint-14b9c2e39b3a226d 2012-07-09 11:59:47 UTC
    INDIANAPOLIS (AP) — Health insurer WellPoint Inc. is buying managed care provider Amerigroup Corp. for about $4.46 billion in cash, saying the deal will help it better serve Medicaid participants. Amerigroup manages publicly-funded health progr...
  • Obama to push extension of middle-class tax cuts
    73cc550e1f8fc613140f6a7067006adf 2012-07-09 10:41:58 UTC
    WASHINGTON (AP) — President Barack Obama is launching a push to extend tax cuts for the middle class, as he seeks to shift the election-year economic debate away from the dismal jobs market and toward the issue of tax fairness. Obama, in an add...
  • Obama accuses Romney of caving on taxes
    Diaalnews 2012-07-06 15:42:03 UTC
    WASHINGTON (AP) — President Barack Obama is accusing Republican Mitt Romney of caving under pressure from Rush Limbaugh for saying that requiring all Americans to buy health insurance amounts to a tax. Obama says in an interview with NBC affili...
  • US economy adds 80,000 jobs in another weak month
    Diaalnews 2012-07-07 11:23:01 UTC
    WASHINGTON (AP) — The American job machine has jammed. Again. The economy added only 80,000 jobs in June, the government said Friday, erasing any doubt that the United States is in a summer slump for the third year in a row. "Let's just agre...
  • AP survey: Next president faces high unemployment
    B6760053b90b6912140f6a706700a57d 2012-07-04 17:35:13 UTC
    WASHINGTON (AP) — A majority of economists in the latest Associated Press Economy Survey expect the national unemployment rate to stay above 6 percent — the upper bounds of what's considered healthy — for at least four more years. If the econom...
  • Carmakers report strong June sales, easing worries
    Ab85d7d19eab4e12140f6a706700fced 2012-07-03 18:59:46 UTC
    DETROIT (AP) — From mini cars to monster pickups, sales of vehicles charged higher in June and eased concerns that Americans would be turned off by slower hiring and other scary headlines. Automakers reported big gains over June of last year. C...
  • Airbus to build 1st US assembly plant in Alabama
    310009c4857f3812140f6a7067008d82 2012-07-02 22:46:09 UTC
    MOBILE, Ala. (AP) — European aerospace giant Airbus will start building planes in Mobile, Ala., planting its first factory on U.S. soil and aiming to compete better against archrival Boeing. Airbus, based in France, said it plans to employ 1,00...
  • Consumer confidence slipped in June
    5a4d8822eaaaa711130f6a706700d327 2012-06-27 08:47:58 UTC
    NEW YORK (AP) — Americans can't seem to shake their uneasy feeling about the economy. Consumer confidence fell in June for the fourth straight month as worries about jobs and the overall economy outweighed relief at the gas pump and an improvem...
  • US new-home sales rose at fastest pace in 2 years
    Untitled 2012-06-25 20:47:19 UTC
    WASHINGTON (AP) — Americans bought new homes in May at the fastest pace in more than two years. The increase suggests a modest recovery is continuing in the U.S. housing market, despite weaker job growth. The Commerce Department said Monday tha...
  • Stocks head lower as Spain seeks help for banks
    Untitled 2012-06-25 20:43:15 UTC
    NEW YORK (AP) — Europe's latest efforts to quell its financial crisis left investors exasperated, causing steep losses in stock markets on both sides of the Atlantic. The Dow Jones industrial average dropped 138 points to close Monday at 12,503...
  • Negotiators closing in on student loan deal
    Untitled 2012-06-23 18:09:27 UTC
    WASHINGTON (AP) — Congressional bargainers appeared to be closing in on a compromise that would head off a July 1 doubling of interest rates on federal loans to 7.4 million college students and end an election-year battle between President Barack ...
  • Feds probe engine stalling in Chrysler 200
    0 2012-06-22 16:14:39 UTC
    DETROIT (AP) — Federal safety regulators are investigating complaints about engine stalling in some Chrysler 200 midsize sedans. The probe includes about 87,000 of the cars from the 2011 model year that have 3.6-liter V-6 engines. The Nation...
  • US stocks bounce back, with banks leading the way
    Untitled 2012-06-22 16:05:27 UTC
    NEW YORK (AP) — Banks are leading the stock market up in midday trading, a day after stocks had their second-worst loss of the year. JPMorgan Chase and Bank of America are among the top stocks in the Dow Jones industrial average Friday. The gai...
  • Parties are worlds apart on how to fix economy
    Untitled 2012-06-18 20:08:04 UTC
    WASHINGTON (AP) — Millions of Americans are desperate for work, runaway government spending clouds the future and Democratic and Republican candidates are busy making one thing clear: They're light years apart on what to do about it. They do ag...
  • US unemployment aid applications rise to 386K
    2de461c9cd6440ccb6d1f0f1b26f4551-d17b06ac7a2343fbbe6063f5d1abba73-2 2012-06-14 16:50:42 UTC
    WASHINGTON (AP) — More Americans sought unemployment aid last week, suggesting hiring remains sluggish. The Labor Department said Thursday that weekly unemployment benefit applications rose 6,000 to a seasonally adjusted 386,000, an increase fr...
  • US retail sales dropped 0.2 percent in May
    Us_retail_sales_dropped_0.2_percent_in_may_ 2012-06-13 17:43:48 UTC
    WASHINGTON (AP) — Americans barely increased their spending at retail businesses in April and May, constrained by weak job creation and paltry wage increases. A sharp drop in gas prices pulled down overall sales in both months by 0.2 percent, t...
  • JPMorgan CEO says execs may have pay taken back
    Jpmorgan_ceo_says_execs_may_have_pay_taken_back_ 2012-06-13 17:33:24 UTC
    WASHINGTON (AP) — JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company. "It's likely that there will be cl...
  • Cost to lunch with Warren Buffett: $3.5 million
    Untitled 2012-06-10 03:32:03 UTC
    OMAHA, Neb. (AP) — The cost to dine with investor Warren Buffett has apparently spiked in value, with one deep-pocketed bidder forking over nearly $3.5 million during a charity auction. The annual auction for a private lunch with the Nebraska b...
  • Consumer confidence in the economy plunged in May
    Untitled 2012-05-29 18:17:01 UTC
    NEW YORK (AP) — Here we go again. Americans confidence in the economy suffered the biggest drop in eight months as worries about the weak jobs, housing and stock markets rattled them again. The decline comes after a few months of optimism amid ...
  • US bank earnings rose this winter to 5-year high
    111003_money_cash_bills_1 2012-05-24 20:51:06 UTC
    WASHINGTON (AP) — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter. The mostly positive first-quarter earnings released...
  • US stocks edge lower on Europe worries
    Stock-prices-fall-on-the-asx-data 2012-05-18 18:25:09 UTC
    It's going to take more than Facebook's initial public offering to push the stock market higher. U.S. stock indexes were flat-to-down slightly in early afternoon trading Friday. Facebook made its Wall Street debut, fashionably late, after a com...
  • Boehner: Spending cuts must offset debt limit hike
    Untitled 2012-05-15 20:07:10 UTC
    WASHINGTON (AP) — House Speaker John Boehner said Tuesday that when Congress raises the nation's borrowing cap he will again insist on spending cuts and budget reforms to offset the increase. In remarks prepared for a budget address Tuesday aft...
  • House panel considers higher 2013 defense budget
    Untitled 2012-05-09 15:21:30 UTC
    WASHINGTON (AP) — The House Armed Services Committee pressed ahead Wednesday with a version of the 2013 defense budget that adds billions to President Barack Obama's proposed budget and rejects the administration's call for military base closings....