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CompareCC News Archive Listing for Economy during 2009-08-11.
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China's industrial output rises, prices fall
 
AP - China's industrial output, trade and retail sales improved in July, data showed Tuesday, in positive signs for Beijing's multibillion-dollar effort to restore stable growth in the world's third-largest economy.
Amid green shoots, Fed likely to keep taps open
 
AFP - Federal Reserve policymakers meet Tuesday amid rising signs the recession is receding but they are not expected to ease aggressive efforts to boost growth until recovery is well under way.
U.S. 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.
Fossil expects recession to weigh on outlook
 
AP - Fossil Inc, which makes watches, shoes and other fashion accessories, said Tuesday that it expects the recession to weigh on both its third-quarter and fourth-quarter earnings results.
Dollar slips on eve of US interest rate call
 
AFP - The dollar slid against the euro and yen in cautious trade on Tuesday, the eve of a US interest rate decision, as the Japanese currency gained support from Chinese economic data.
Wholesale inventories fall for 10th straight month
 
AP - Businesses slashed inventories at the wholesale level for a record 10th consecutive month in June, a decline that has contributed to the longest recession since World War II.
GM claims unprecedented mileage rating for Volt
 
Reuters - The Chevrolet Volt -- the electric vehicle General Motors Co is counting on to recharge its image with consumers -- is on track to hit an unprecedented fuel economy rating of 230 miles per gallon in city driving, the automaker said on Tuesday.
Fed gathers to take economy's pulse
 
AP - With the economy turning a corner, Federal Reserve policymakers will consider whether some programs intended to ease the recession and stem the financial crisis should be extended.
Fed to stay aggressive despite recovery signs
 
AFP - Federal Reserve policymakers open a two-day meeting Tuesday expected to maintain aggressive efforts to jolt the US economy from recession, while mulling an 'exit strategy' for when recovery takes root.
Dollar mixed on eve of US interest rate call
 
AFP - The dollar gained narrowly against the euro but slid heavily against the yen on Tuesday, the eve of a US interest rate decision, as the Japanese currency gained support from Chinese economic data.
White House adviser Summers predicts slow recovery
 
Reuters - A top White House adviser on Tuesday said that a foundation for U.S. economic recovery was being laid, but it will be a slow process.
White House seeks new reins on derivatives
 
AP - The Obama administration on Tuesday sent Congress legislation seeking to impose broad new oversight on derivatives, the complex financial instruments blamed for hastening the global economic crisis.
Energy prices slump after Labor Department report
 
AP - Energy prices slumped Tuesday on a Labor Department report that suggested consumer spending, a major economic driver, may be depressed for some time as companies cut back.
Dollar falls ahead of Fed's 2-day rate meeting
 
AP - The dollar slipped Tuesday as investors grappled with mixed economic reports and awaited the outcome of a two-day monetary policy meeting at the U.S. Federal Reserve.
Summers says U.S. economy getting back to normal
 
Reuters - White House economic adviser Larry Summers said on Tuesday the foundations for a return to growth had been laid and there were many signs economic life was getting back to normal.
GM claims unprecedented mileage from Volt
 
Reuters - The Chevrolet Volt, the electric car General Motors Co is counting on to revitalize its lineup, is on track to achieve an unprecedented fuel economy rating of 230 miles per gallon in city driving, GM said on Tuesday.
Most commodities steady ahead of Fed statement
 
AP - Commodities traders didn't take any big chances Tuesday ahead of the Federal Reserve's statement on the economy, leaving prices for gold and other metals little changed.
Meltdown 101: Productivity boom mixed blessing
 
AP - Productivity, the key ingredient needed for rising living standards, made a huge jump in the spring. In the worst recession in generations, that gain was a decidedly mixed blessing.
Dollar wobbles as Fed meets; yen jumps
 
AFP - The dollar sputtered Tuesday on the eve of a US decision on monetary policy, while the yen rose sharply on risk aversion after weaker-than-expected economic data from China.
Economy may be improving, but jobs slow to come
 
AP - Employers who have cut jobs over the past year are in no hurry to start hiring again just because the recession is tapering off.
Fed to take slow road back to normal interest rates
 
AFP - The Federal Reserve is likely to wait to ensure a sustainable economic recovery is underway before lifting interest rates from the current level near zero, analysts say.

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