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CompareCC News Archive Listing for Economy during 2009-08-28.
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European business, consumer confidence up again
 
AP - Business and consumer confidence in the 16-nation euro zone increased again in August, official data showed Friday, suggesting the region is slowly recovering from one of the worst economic downturns in decades.
Ahead of the Bell: Armstrong World upgraded
 
AP - An analyst upgraded Armstrong World Industries Inc. Friday, saying its shares are cheap, its debt is shrinking and its dominant market share positions it for a big post-recession rebound.
Record deflation in Japan may put pressure on BOJ
 
Reuters - Japanese core consumer prices fell at the fastest annual pace on record in July, potentially putting pressure on a reluctant Bank of Japan to rein in deepening deflation.
US consumer spending rises 0.2% in July
 
AFP - US consumer spending rose for the third consecutive month in July while incomes were virtually flat, government data showed Friday in a report suggesting demand picking up amid the long recession.
Stimulus checks lure Floridians to their arrest
 
Reuters - Police in a Florida city used the promise of economic stimulus checks to lure 76 people to their arrest on a variety of outstanding warrants.
'Clunkers' plan drives US consumer spending
 
AFP - US consumer spending rose in July, boosted by the government's popular 'Cash-for-Clunkers' auto sales incentive program, official figures showed Friday.
Metals gain, agricultural commodities end mixed
 
AP - Metals prices are higher and agricultural commodities are mixed as investors find little to reshape their view of the economy.
Regulators shut Bradford Bank in Maryland
 
AP - Regulators have shut down Bradford Bank, a small bank in Maryland, marking the 82nd U.S. bank failure this year amid the soured economy and rising loan defaults.
Dollar rises on concerns about economic recovery
 
AP - The dollar edged higher against the euro and the pound Friday after a report showing flat household incomes raised doubts about an economic recovery, driving investors into the relative safety of the currency.
Meltdown 101: Why banks' struggles have worsened
 
AP - Despite signs of an improving economy, the nation's banks are still struggling — in fact, the pace of bank failures has accelerated.
Make a Housing Plan for Your Later Years
 
U.S. News & World Report - One of the major decisions facing us as we age is where we want to live in our later years. Anyone who is more than 60 years old and whose children are grown should be developing a plan for where they want to live when they're 75, 85, and even older. Like solid retirement investment programs, your housing plan can be torpedoed by recessions and personal reversals. But without a plan, you're leaving too much to chance, and you don't want to do that.
STIMULUS WATCH: US discloses few lobbyist meetings
 
AP - President Barack Obama ordered federal officials to disclose their contacts with lobbyists trying to influence how the government doles out money to jump-start the economy. Yet few such communications have been reported even though lobbyists say they are busier than ever with the multibillion-dollar stimulus.
Summary Box: Incomes flat but spending up modestly
 
AP - STAGNANT INCOMES: Household income failed to grow last month as consumer spending edged up 0.2 percent, aided by the now-ended Cash for Clunkers program.
Regulators shut banks in Maryland, Minnesota
 
AP - Regulators on Friday shut down small banks in Maryland and Minnesota, pushing to 83 the number of bank failures this year amid the soured economy and rising loan defaults.
Judge puts Fed's bailout revelations on hold
 
Reuters - The U.S. Federal Reserve won a delay of a federal judge's order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received.
Regulators shut banks in Calif, Md, Minn
 
AP - Regulators on Friday shut down banks in California, Maryland and Minnesota, pushing to 84 the number of bank failures this year amid the soured economy and rising loan defaults.

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