Cost of rescues: $835 billion this year
June 30, 2009
The federal government is likely to spend $835 billion this year fighting the crises in the financial system and the economy, according to a […]
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Monthly Archive June, 2009
Madoff can expect de facto life term at sentencing
June 29, 2009
Admitted thief Bernard Madoff will leave his jail cell and be taken under guard to court on Monday morning to hear his punishment for […]
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Prosecutors ask judge to imprison Madoff for life
June 28, 2009
Swindler Bernard Madoff should spend the rest of his life in prison, U.S. prosecutors argued on Friday, citing the “unique scope and duration” of […]
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State shutdowns loom as deadlines near
June 26, 2009
One week and counting. An unprecedented number of states have only days left to pass their fiscal 2010 budgets.
At least 19 states are still […]
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U.S. recession to bottom out this year: OECD
June 24, 2009
A severe U.S. recession will bottom out this year, but any recovery will be weak due to anemic markets and shrunken consumer wealth, the […]
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Jobless rate rises in nearly all states
June 23, 2009
Forty-eight states and the District of Columbia recorded unemployment rate increases in May, the government reported Friday. One state registered a rate decrease, and […]
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Recession takes bite out of brand loyalty: study
The U.S. recession is taking a bite out of national brand loyalty in products ranging from Advil pain reliever and Green Giant frozen vegetables […]
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Leading Index in U.S. May Signal Recession Will End in 2009
June 21, 2009
The index of U.S. leading economic indicators probably rose in May for a second straight month, reinforcing signs that the worst recession in five […]
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Leading Index in U.S. May Signal Recession Will End in 2009
June 19, 2009
The index of U.S. leading economic indicators probably rose in May for a second straight month, reinforcing signs that the worst recession in five […]
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Chrysler’s Canadian plants to restart June 29
DETROIT–Chrysler Group LLC plans to resume making vehicles at its Brampton and Windsor plants in southern Ontario and five other North American factories at […]
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