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Example Headline of Genre for Date
BoE takes big step to boost UK economy, holds rates
Reuters - The Bank of England took a far bigger step than expected to boost Britain's recession-hit economy on Thursday, expanding its quantitative easing program to 175 billion pounds from 125 billion.
BoE to announce critical decision on QE future
Reuters - The Bank of England will decide whether to expand its quantitative easing program later on Thursday, and economists are split down the middle over the central bank's choice.
Obama’s Approval Rating Drops on Health Care, Economy Concerns
Bloomberg - Aug. 6 (Bloomberg) -- President Barack Obama’s approval
rating is falling amid concerns about the U.S. economy and his
push to revamp the U.S. health-care system, a Quinnipiac
University poll shows.
ECB holds rates at 1 percent, sees downturn slowing
Reuters - The European Central Bank kept interest rates on hold at a record low on Thursday and said the euro zone economy would remain weak over the rest of the year, although the rate of contraction is slowing down.
BoE plans new 50 billion pound boost for UK economy
Reuters - The Bank of England took a far bigger step than expected to boost Britain's recession-hit economy on Thursday, stunning markets by expanding its quantitative easing plan to 175 billion pounds from 125 billion.
New US jobless claims fall to 550,000 in week
AFP - New claims for US unemployment benefits fell more sharply than expected in the past week, extending a downward trend since June, government data showed Thursday.
Rivaled by the Web, US mail service faces tough times
AFP - Fewer and fewer mailboxes lining the streets, post offices closing, mail volume in freefall: the US Postal Service is going through tough times, battling the Internet and a recession.
Morgan Stanley to pay 950 mln dlrs for US warrants
AFP - Morgan Stanley announced Thursday it would pay the US Treasury 950 million dollars for warrants associated with the government's capital injection program to prop up the financial system.
Romer says stimulus working despite job losses
Reuters - White House economic adviser Christina Romer said on Thursday that the $787-billion U.S. stimulus program was stabilizing the economy despite unacceptably high job losses.
GM to launch Buick plug-in SUV in 2011
Reuters - General Motors Co unveiled plans to launch a plug-in SUV for its Buick brand in 2011, its latest move away from gasoline-thirsty vehicles in response to higher fuel-economy standards.
Stimulus cushioned contraction: Obama aide
AFP - A key aide to President Barack Obama said Thursday that a nearly 800 billion dollar stimulus plan had helped avert a more severe contraction of the US economy.
California to see record unemployment rise further
Reuters - Signe Galvez-Samreuang has been out of work and looking for a job for more than a year.
FTC issues rule to fight oil market manipulation
Reuters - The U.S. Federal Trade Commission on Thursday issued a final rule to fight oil market manipulation, saying such fraudulent conduct can have wide-ranging ramifications throughout the U.S. economy.
Banks boost borrowing from Fed emergency program
AP - The Federal Reserve says banks boosted borrowing from its emergency lending facility over the past week, but cut back on other programs designed to ease the financial crisis. The overall picture suggests some credit problems are easing.
As jobless claims fall, layoffs could slow further
AP - In a positive sign for the economy, companies are laying off fewer workers as they prepare to ramp up production to replenish their depleted stockpiles of goods.
Oil prices fall after hitting 76 dollars
AFP - Oil prices fell Thursday after briefly hitting the highest level this year at 76 dollars a barrel in London as the market awaited key US job figures to gauge prospects for economic recovery.
White House has dual strategy to defeat terrorism
AP - The Obama administration has mapped out a dual approach to defeating terrorism, fusing military strikes against insurgents with a commitment to pump economic development, political aid and training into countries that are considered safe havens for militant groups.
More Afghanistan aid needed, Obama adviser says
Reuters - The United States must increase its economic and social aid to Afghanistan as part of its effort to combat surging Taliban militants, a senior Obama administration official said on Thursday.
Congress to Florida: Speed up stimulus spending
Reuters - Florida ranks last among all states in spending its share of highway money from the U.S. economic stimulus plan, a congressional committee said on Thursday.
FTC cracks down on oil market manipulation
Reuters - The U.S. Federal Trade Commission said on Thursday it plans to fine oil traders $1 million a day for manipulating energy markets with false pricing and misleading data, saying such conduct causes wide-ranging damage to the U.S. economy.
Summary Box: Jobless claims drop as layoffs slow
AP - WHAT HAPPENED: The government said Thursday that initial jobless claims fell to 550,000 last week from 588,000 the previous week. While still high, new claims have dropped by about 50,000 in the past month.
U.S. food stamp list tops 34 million for first time
Reuters - For the first time, more than 34 million Americans received food stamps in May, the government said on Thursday, another symptom of the longest and one of the deepest recessions since the Great Depression.
In Virginia, Obama says US needs pragmatic leaders
AP - President Barack Obama on Thursday told fellow Democrats that the nation needs governors who focus on long-term implications and avoid petty matters that mar politics, returning to campaign mode and reviving his election-season rhetoric. He then blamed his predecessor — a Republican — for leaving behind an economic crisis.
US jobs report to provide gauge of recovery
AFP - A jobs report to be released Friday is likely to offer fresh clues on the pace of healing in the ailing US economy, widely expected to emerge from recession this year.
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