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CompareCC News Archive Listing for Economy during 2009-08-13.
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Germany, France exit recession early
 
Reuters - Germany and France enjoyed a shock return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.
Euro area economy contracted only 0.1 pct in Q2
 
AP - The recession in the 16 countries that use the euro eased substantially between April and June after unexpected growth in Germany and France, the euro zone's two largest economies, official figures showed Thursday.
Retail sales dip 0.1 percent in July
 
AP - Retail sales outside of autos turned in a disappointing performance in July, underscoring concerns about the timing and durability of a recovery from the worst recession since World War II.
Retail sales unexpectedly dip 0.1 percent in July
 
AP - Retail sales outside of autos turned in a disappointing performance in July, underscoring concerns about the timing and durability of a recovery from the worst recession since World War II.
Inventories fall for 10th straight month in June
 
AP - Businesses reduced inventories for a 10th straight month in June, although total business sales posted the first increase in nearly a year.
France, Germany return to growth
 
AP - Government programs to support the auto industry helped Germany and France return to economic growth in the second quarter, rebounds that stoked hopes the 16-country euro area may recover sooner than thought.
US new jobless claims show surprise increase
 
AFP - New US jobless claims rose by 4,000 in the past week to 558,000, the Labor Department reported Thursday in a weaker-than-expected snapshot of current labor conditions.
U.S. retail sales unexpectedly fall 0.1 percent in July
 
Reuters - Sales at U.S. retailers unexpectedly fell in July from June, a government report showed on Thursday, casting a shadow over an anticipated rebound in consumer spending in the third quarter.
US retail sales' surprise dip clouds recovery
 
AFP - US retail sales unexpectedly dipped 0.1 percent in July, government data showed Thursday in a report highlighting weakness in consumer demand that is crucial for recovery from recession.
Dollar drops as Germany, France see growth
 
AP - The dollar dropped Thursday as Germany and France returned to economic growth and U.S. retail sales slipped unexpectedly last month.
Summary Box: Unexpected drop in retail sales
 
AP - WHAT HAPPENED?: Retail sales fell unexpectedly in July, while first-time claims for jobless benefits rose slightly last week. The reports raised concerns about the ability of consumers to fuel a broad economic recovery.
CIT Group adopts tax plan, signs deal with NY Fed
 
AP - CIT Group Inc. and the Federal Reserve announced Thursday an agreement which gives the central bank greater oversight of the troubled commercial lender.
New lead limits take effect for small businesses
 
AP - Tighter limits on the amount of lead the government allows in children's products and a requirement for new tracking labels are stirring fear among small business owners, already hurting in a tough economy.
Bankruptcy filings surge in first-half 2009
 
Reuters - U.S. bankruptcy filings rose 38 percent in April-June from a year ago, according to court data released Thursday, as consumers and business were hit by rising unemployment and a lack of credit.
Top CEO collected $702 mln in 2008: US survey
 
AFP - The highest-paid US chief executive collected 702.4 million dollars in compensation in 2008 as the recession deepened, a report by a shareholder rights organization showed Thursday.
Metal, energy prices rally as dollar weakens
 
AP - Prices for copper, silver and other metals rose Thursday as a weaker dollar and the promise of an economic recovery lured investors to commodities.
Banks reduce emergency borrowing from Fed
 
AP - Banks trimmed their borrowing from the Federal Reserve's emergency lending facility over the past week, and cut back their use of other programs designed to ease the financial crisis.
Dollar hit as euro gets lift from growth data
 
AFP - The dollar slumped while the euro sprang higher Thursday after data showing Germany and France emerged from recession in the second quarter, and US data showing ongoing weakness.
Bleak sales are another reality check for economy
 
AP - A bleak report on retail sales Thursday reinforced a nagging worry of economists: Shoppers won't spend enough to help a recovery take hold.
New lead limits big concern for small businesses
 
AP - Tighter limits on the amount of lead the government allows in children's products and a requirement for new tracking labels are stirring fear among small business owners, already hurting in a tough economy.
At 83 Castro fires warning on economic downturn
 
AFP - Fidel Castro celebrated his 83rd birthday with a bleak warning over US handling of the global economic crisis, as photos emerged apparently showing the former Cuban leader in better health.
At 83, Castro fires warning on economic downturn
 
AFP - Fidel Castro marked his 83rd birthday with a bleak warning over US handling of the global economic crisis, as photos emerged of the Cuban former president apparently in better health.

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