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CompareCC News Archive Listing for Economy during 2009-08-14.
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More U.S. home sellers cutting prices: survey
 
Reuters - One in four U.S. homes for sale on August 1 had their prices marked down at least once since landing on the market, data compiled by real estate website Trulia.com showed on Friday.
Wine grape harvest begins under economic cloud
 
AP - The chilly economic climate is casting a shadow over this year's wine harvest, with some predicting expensive grapes will be a tough sell in a market that has developed a parsimonious palate.
Hong Kong recession ends as economy grows 3.3 pct
 
AP - Hong Kong's economy broke out of a yearlong recession in the second quarter as the territory benefited from strong growth in mainland China and better conditions in the West, the government said Friday.
Industrial production up for 1st time in 9 months
 
AP - Production from the nation's factories, mines and utilities rose more than expected in July, with the first gain in nine months driven by increased output from auto companies.
US videogame sales sink for fifth consecutive month: NPD
 
AFP - Figures released Thursday show US videogame sales sank in July for the fifth straight month as bleak economic conditions and a dearth of blockbuster titles weighed down the industry.
Energy prices slump with consumers still nervous
 
AP - Energy prices dropped Friday with more evidence that U.S. consumers will not be the driving force behind an economic recovery.
US industrial production up, first time in 9 months
 
AFP - US industrial production jumped 0.5 percent in July, official data showed Friday in a sign of the manufacturing sector emerging from recession.
U.S. consumers' mood darkens in August: survey
 
Reuters - U.S. consumer confidence fell in early August as a growing number of Americans fretted about their finances even though they expected the broader economy to improve, a survey showed on Friday.
Garage sales booming as recession grinds on
 
Reuters - Cathy and Malcolm Robbins have held garage sales before at their home in suburban Phoenix. But this time it is not about getting rid of clutter, it's about survival.
Legislature reviewing possible Pratt job cuts
 
AP - State lawmakers began looking at ways Friday to halt possible job cuts at Pratt & Whitney, but met resistance from the Connecticut-based jet engine maker, which said it prefers to work with economic development officials.
Respite for reptiles as demand drops for skins
 
AP - As conspicuous consumption loses some of its cachet during the recession, the swamp's most conspicuous consumers have less to fear from humans.
US industrial output rebounds, consumer prices flat
 
AFP - US industrial production rose in July for the first time in nine months while consumer prices held steady, official data showed Friday, suggesting economic recovery stirrings are not inspiring demand.
Weak consumer confidence raises alarm on US recovery
 
AFP - A grim reading on US consumer confidence Friday darkened the outlook for economic recovery, while news of an industrial rebound and flat inflation underscored the depths of the long recession.
Geithner to attend G20 finance chiefs meeting in London
 
AFP - US Treasury Secretary Timothy Geithner will attend a Group of 20 finance chiefs meeting in London early next month, the government said Friday.
Commodities sell off, give back some recent gains
 
AP - Commodities sold off Friday, giving back some of their recent gains as new economic data downplayed the threat of inflation but also signaled that consumers are unlikely to increase their spending anytime soon.
Summary Box: Consumer inflation a no-show in July
 
AP - WHAT HAPPENED?: Consumer prices were unchanged in July, and over the past 12 months they have fallen 2.1 percent — the sharpest annual decline since a similar drop in the period ending in January 1950.

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