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CompareCC News Archive Listing for Economy during 2009-08-18.
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German investor confidence up sharply in August
 
AP - Investor confidence in Germany, Europe's biggest economy, rose sharply in August as hopes grew that the economy will recover faster than previously expected, a closely-watched survey showed Tuesday.
Saks posts wider second-quarter loss
 
Reuters - Upscale department store operator Saks Inc posted a wider quarterly loss on Tuesday as well-heeled shoppers held back from pricey purchases in the recession.
U.S. July producer prices fall 0.9 percent on gasoline
 
Reuters - U.S. producer prices fell by a larger-than expected amount in July and notched a record decline compared with a year earlier as gasoline prices plummeted, government data on Tuesday showed.
Saks quarterly loss not as deep as expected
 
Reuters - Upscale department store operator Saks Inc posted a narrower-than-expected quarterly loss on Tuesday as it trimmed costs while well-heeled shoppers held back from pricey purchases.
Oil rises above $67 on mixed economic signals
 
AP - Oil prices rebounded Tuesday with major European and Asian stock markets after a huge sell-off that began the week.
Craft brewers see sales up in first half of year
 
AP - The nation's craft brewers continued to sell more beer in the first half of the year, despite the tough economy, although their rate of growth has slowed.
Sector Snap: Analyst starts coverage of FedEx, UPS
 
AP - An RBC Capital Markets analyst initiated coverage on the world's two largest package delivery carriers on Monday, saying that FedEx Corp. shares might grow more as the economy begins to recover.
Pulte Homes lobbied on stimulus, taxes in 2Q
 
AP - Pulte Homes Inc. lobbied on taxes and issues related to the economic stimulus in the second quarter, according to recent disclosure reports.
Recession reality: U.S. cities, states close for days
 
Reuters - Frank Giannola drove nearly 40 miles from Lockport, Illinois, to downtown Chicago on Monday, only to find city hall shuttered for the day.
Does the U.S. Economy Need a Job-Creation Stimulus?
 
Time.com - If the recession is just about over, where are all the jobs? Is it time to go back to a program that helped lift the country out of the Great Depression?
Oil rebounds alongside stocks to more than $68
 
AP - Oil prices rebounded alongside the major stock indicides Tuesday after a huge sell-off that began the week.
Inflation a no-show in July, likely to stay muted
 
AP - Inflation was a no-show in July and likely will stay away for months to come, giving the Federal Reserve room to keep invigorating the economy with record-low interest rates.
Oil rebounds alongside stocks to more than $69
 
AP - Oil prices rebounded sharply alongside the major stock indices Tuesday after a huge sell-off that began the week.
Summary Box: Wholesale prices signal low inflation
 
AP - WHAT HAPPENED?: Wholesale inflation dropped 0.9 percent in July, reflecting big declines in energy and food costs. Construction of single-family homes rose for a fifth straight month, though overall housing construction fell 1 percent because of weakness in apartment building.
Recession easing for U.S. hospitals, study finds
 
Reuters - The recession appears to be easing for U.S. hospitals, although close to a third of hospitals remain in the red, according to a study published on Wednesday.
Study: Financial executives see growth in 2010
 
AP - Financial services executives believe business conditions will bottom in 2009 before a recovery in the sector and broader economy occurs next year, according to a new study from KPMG LLP.
Global recovery requires US, Asia rebalancing: IMF
 
AFP - The global recovery from recession depends on a delicate rebalancing of economies -- notably between the United States and Asia -- to sustain it, the chief IMF economist said.

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