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CompareCC News Archive Listing for Economy during 2009-08-10.
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Oil prices dip
 
AFP - Oil prices eased on Monday as concerns over the pace of economic recovery persisted despite better-than-expected US unemployment data, analysts said.
McDonald's July same-store sales rise 4.3 percent
 
AP - McDonald's says its same-store sales climbed 4.3 percent in July, as the nation's biggest hamburger chain benefited from budget-conscious consumers during the recession.
Oil prices drop on weak demand concerns
 
AFP - Oil prices fell Monday on concerns about a pick-up in energy demand despite better-than-expected US unemployment data last week, analysts said.
Japan core machinery orders up 9.7 percent in June
 
AP - Japan's core machinery orders, a closely watched indicator of corporate capital spending, jumped in June for the first time in four months, the government said Monday.
Drugs deaths, swine flu dominate N.America summit
 
AFP - US President Barack Obama joins leaders of Mexico and Canada Monday to plot counter-attacks against swine flu, vicious drugs cartels and economic blight at his debut North American summit.
U.S. job growth unlikely in the next year: Conference Board
 
Reuters - A gauge of the U.S. job market remained unchanged in July for the third straight month, indicating that employment will remain weak throughout the coming year, a research group said on Monday.
Meltdown 101: Why unemployment will linger
 
AP - There is a growing sense among economists that the worst of the recession might be over. Unfortunately, the same can't be said for the labor market.
Interest rates rise at weekly Treasury auction
 
AP - Interest rates on short-term Treasury bills rose in Monday's auction with six-month bills rising to the highest level since late June.
US, Canada, Mexico vow joint fight against flu, drugs gangs
 
AFP - US President Barack Obama and the leaders of Canada and Mexico vowed Monday to battle swine flu, murderous drugs gangs and economic recession together in a friendly North American summit.
Dollar gains against euro ahead of US Fed meeting
 
AFP - The dollar rose again against the euro Monday on the eve of the US Federal Reserve monetary policy meeting as investors awaited central bank guidance on growing signs of recovery from recession.
Ahead of the Bell: Productivity
 
AP - Productivity likely surged by a sizable amount in the spring as businesses worked to hold down costs in the face of the worst recession to hit the country in the post World War II period.
Dollar extends its gains ahead of Fed meeting
 
AP - The dollar extended its gains Monday on the back of a fall in unemployment figures at the end of last week, as investors were cautious ahead of a two-day meeting of the Federal Reserve on interest rates.
Obama slams Honduras critics at North America summit
 
AFP - US President Barack Obama Monday accused critics of his response to the coup in Honduras of 'hypocrisy' and agreed at a summit with Canada and Mexico to gird for a swine flu resurgence.
Canada's Harper warns 'Buy American' is 'risky'
 
AFP - Canadian Prime Minister Stephen Harper warned that the 'Buy American' provision of the US economic plan is 'risky' and could contribute to rising protectionism worldwide.
U.S. Q2 home prices fall, but rate slows: report
 
Reuters - The value of U.S. homes fell by 12.1 percent in the second quarter from a year earlier, but the rate of decline shrank for the first time since prices began to fall in 2007, real estate website Zillow.com said on Tuesday.
Watchdog says bad assets still threaten banks
 
AP - Despite signs that the financial system has stabilized, banks remain threatened by billions of dollars of bad loans on their balance sheets, and more could fail if the economy worsens, a congressional watchdog reports.

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