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Example Headline of Genre for Date
Japan factory output plunges, jobless rate jumps
AP - The pain of Japan's recession is spreading from the factory floor to the living room, as December figures showed companies slashing output at a record pace, the jobless rate surging and household spending falling sharply.
Oil languishes below $42 on bad US economic news
AP - Oil languished below $42 a barrel Friday in Asia as more dismal U.S. economic numbers offset news that OPEC may further cut production.
Euro zone inflation drops to 1.1 percent in Jan.
AP - The European Union says inflation in the countries that use the euro currency dropped to 1.1 percent in January, according to preliminary estimates.
Honeywell posts in-line profit, keeps outlook
Reuters - Honeywell International Inc reported a 2.6 percent rise in profit that met Wall Street expectations, and the diversified U.S. manufacturer held its 2009 outlook steady as it braces for a 'more challenging' year.
Oil below $42 on dismal US economic outlook
AP - Caught between dismal U.S. economic numbers and news of possible further OPEC cuts, oil prices hovered Friday near their previous close below $42 a barrel.
Euro slips on poor eurozone economic data
AFP - The European single currency fell against the dollar on Friday as traders digested tumbling inflation and soaring unemployment in the eurozone and awaited key US economic growth figures.
US economy falls at steepest pace in 26 years
AFP - The US economy contracted at a 3.8 percent pace in the fourth quarter of 2008, the worst performance since 1982, government data showed Friday.
Caterpillar announces additional 2,100 layoffs
Reuters - Caterpillar Inc said it was laying off an additional 2,110 production workers, bringing layoffs announced this week to about 22,000, as the world's largest maker of construction and mining equipment scrambles to cope with a downturn in demand brought on by recession.
Employment costs up 2.6 percent in 2008, lowest on record
Reuters - Employment costs rose last year at the slowest pace on record, government data on Friday showed, as a painful recession pinched compensation amid soaring unemployment.
The Dead Hand Of The State
Investor's Business Daily - Stimulus: Washington's attempt to spend us out of our economic doldrums gets more ambitious by the day and could total more than $1 trillion once interest is figured in. The long-range implications of this are alarming.
US economy down 3.8 pct, not as bad as feared
AFP - The US economy contracted at the fastest pace since 1982, a 3.8 percent rate of decline, but avoided an even more calamitous drop feared by analysts, data showed Friday.
Obama calls for prompt action on stimulus
AP - President Barack Obama is calling the economic slump a 'continuing disaster' for America's families.
Consumers' mood improves slightly in January
Reuters - Consumer confidence rose to a four-month high in January, helped by optimism that President Barack Obama's new administration might bring relief from a year-long recession, a survey showed on Friday.
Caterpillar sets more layoffs; week's total 22,000
Reuters - Caterpillar Inc said it was laying off an additional 2,110 workers, bringing the week's total to about 22,000, as the company scrambles to cope with a downturn in demand for its construction and mining equipment.
Oil wavers on economic data from Commerce
AP - Caught between dismal U.S. economic numbers and news of possible further OPEC cuts, oil prices hovered Friday near their previous close below $42 a barrel.
Geithner calls European, Asia officials on crisis
AFP - US Treasury chief Timothy Geithner called his European and Asian counterparts to discuss the deepening global economic crisis and need for reforms, his office said Friday.
Obama ally in Senate proposes salary cap bill
Reuters - A Democratic senator closely allied with President Obama said Friday she was introducing legislation to cap compensation for employees of companies taking U.S. government aid during the economic downturn.
Oil prices hold firm after US GDP data
AFP - World oil prices edged higher Friday as traders seized on better-than-expected economic growth data in the United States, which is the world's biggest consumer of energy.
McCain: Obama needs to consult on stimulus
Reuters - Former presidential rival John McCain expressed disappointment on Friday that President Barack Obama has not negotiated with Republicans over a huge economic stimulus plan and said he is working on an alternative package.
States take different view of stimulus funds
Reuters - U.S. states are gearing up to receive their share of a nearly trillion-dollar economic stimulus package, with some governors delaying budget cuts or leaving holes in proposed budgets they hope will be filled with federal funds.
No chance for leisure in current recession: SF Fed
Reuters - Americans staggered by a massive drop in household wealth are not using the current recession to return to school or just enjoy a temporary break from the work grind, as many did in previous downturns, according to the San Francisco Federal Reserve.
Obama calls China's Hu: White House
Reuters - Chinese President Hu Jintao told President Barack Obama in a telephone call on Friday that he wanted to strengthen cooperation between the two countries to fight the global economic slowdown, China's Xinhua news agency said.
US reviewing "Buy American" stimulus clause
AFP - The US administration is reviewing a controversial clause in the economic stimulus plan banning the use of foreign steel for huge infrastructure projects, a White House spokesman said Friday.
Analysis: Obama calls Chinese leader amid strains
AP - China recently surpassed Japan as the U.S. government's largest creditor. Any decision by Beijing to move its money would deal a dizzying new blow to an already tottering American economy. Yet relations between China and the new Obama administration are off to a rocky start.
White House, Senate take aim at Wall Street bonuses
Reuters - Washington moved to crack down on Wall Street bonuses on Friday as a Democratic senator proposed capping employee salaries at companies receiving government aid and the White House pledged action from President Barack Obama as well.
Obama stresses trade imbalances in call with Hu
Reuters - U.S. President Barack Obama told Chinese leader Hu Jintao in a telephone call on Friday that the two countries needed to correct global trade imbalances and get credit markets flowing to fight the world economic crisis, the White House said on Friday.
Oil prices up after US GDP data, strike concerns
AFP - Oil prices edged higher Friday following a milder than expected economic contraction in the United States and fears of a strike crippling American refineries and pipelines.
Grim growth data an economic 'disaster': Obama
AFP - President Barack Obama warned Friday that grim data showing a deepening recession revealed a 'continuing disaster' for US workers and meant Congress must act immediately on his economic stimulus plan.
Obama, Hu discuss trade imbalances in call
Reuters - U.S. President Barack Obama told Chinese leader Hu Jintao in a phone call on Friday the two countries must work together to correct global trade imbalances and unclog credit markets to fight the world economic crisis, the White House said on Friday.
US reviewing 'Buy American' stimulus clause
AFP - The White House said Friday it was reviewing a 'Buy American' clause in Congress's version of President Barack Obama stimulus plan that has sparked angry claims of protectionism from US allies.
White House, Senate take aim at Wall St pay
Reuters - The White House pledged action against 'irresponsible' bonuses for executives at bailed-out Wall Street companies as a Democratic senator unveiled legislation to limit their compensation to $400,000 a year.
Q4 GDP Fell 3.8%, Worst Since 1982; 2009 Outlook Grim
Investor's Business Daily - The U.S. economy shrank in the fourth quarter at the fastest rate since 1982 as businesses and consumers slashed spending, the Commerce Department said Friday. Analysts said the current quarter could be even worse.
US economy slumps as world crisis tightens grip
AFP - The global economic crisis tightened its grip on the United States which posted its worst contraction in 26 years as grim jobs and earnings data emerged from Japan and Europe.
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