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CompareCC News Archive Listing for Economy during 2010-03-26.
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New US sanctions target Al-Qaeda in Iraq
 
AFP - The US Treasury Department has announced new financial sanctions targeting Muthanna Harith al-Dari, an Iraqi accused of providing support to Al-Qaeda in Iraq (AQI).
French pace of growth slows in 2010
 
AP - The pace of France's economic growth slowed at the start of 2010 as a government vehicle scrappage scheme was phased out, according to preliminary figures released by the national statistics agency, Insee.
Jobless aid could halt after Congress fails to act
 
Reuters - Hundreds of thousands of jobless Americans could once again face a disruption in their unemployment benefits after Congress failed to extend them on Thursday.
China foreign minister warns against protectionism
 
AP - China's foreign minister warned against protectionism without mentioning the United States on Friday as trade tensions between two of the world's biggest economies remain high.
Consumer sentiment steady in March
 
Reuters - Consumer sentiment ended unchanged in March from February, a survey released on Friday showed, while the reading slightly beat expectations.
US fourth quarter growth revised down to 5.6 percent
 
AFP - The US economy grew at a slower pace than previously thought in the fourth quarter as business and consumer spending slacked amid a fragile recovery from recession, the government said Friday.
Obama orders fresh help for struggling homeowners
 
AFP - President Barack Obama's administration on Friday announced new plans to help up to four million US homeowners who struggle to pay their mortgage because of unemployment or slumping house prices.
Economic growth revised slightly lower in Q4
 
Reuters - The economy grew at a slightly less brisk pace in the fourth quarter than previously estimated, while corporate profits slowed sharply from the previous quarter, government data showed on Friday.
Oil prices rise after Greece deal, before US data
 
AFP - Oil prices rose on Friday after the EU agreed a plan to tackle Greek debt and as the market awaited economic growth data from the United States -- the world's biggest energy consuming nation, traders said.
State says Kansas jobless rate fell last month
 
AP - Kansas saw modest but atypical growth in manufacturing jobs from January to February, a sign that its economy may be improving, the state Department of Labor reported Friday.
Arkansas jobless rate rises to 7.7 percent in Feb.
 
AP - Arkansas' unemployment rate rose 0.1 percentage point to 7.7 percent last month but remains below the national rate of 9.7 percent.
Fla. jobless rate reaches record 12.2 pct in Feb.
 
AP - This is the kind of record no one likes to set: The lingering effects of the Great Recession pushed Florida's unemployment rate to a modern high last month, state labor officials reported Friday.
Nevada jobless rate reaches 13.2 percent in Feb.
 
AP - Nevada's statewide unemployment rate rose to 13.2 percent last month despite the addition of 10,400 jobs since January, the state Department of Employment, Training and Rehabilitation reported Friday.
Idaho income rises for first time since mid-2008
 
AP - The U.S. Bureau of Economic Analysis says Idaho saw the highest increase in personal income in the West during the final three months of 2009.
State jobless rates stabilize as layoffs slow
 
AP - State unemployment rates stabilized last month, reflecting a broader nationwide trend, according to a Labor Department report Friday. Sixteen states said their jobless rate was unchanged in February, seven reported declines and 27 reported increases.
NYC recession proves shallower than expected: study
 
Reuters - New York City's current recession, though 'quite severe' for people who lost their jobs, looks surprisingly shallow and brief when compared with previous downturns, a report said on Friday.
Fed officials leery of unconventional policies
 
Reuters - The Federal Reserve's unprecedented dose of stimulus to the economy during the recent financial crisis complicates the task of pulling back when the time is right, top central bank officials said on Friday.
Answers to questions about new mortgage aid plan
 
AP - The Obama administration on Friday announced a major reworking of its troubled $75 billion plan to prevent foreclosures. The revamped program is now designed to aid jobless homeowners and people who owe more on their mortgages than their homes are worth.
Summary Box: Gold above $1,100 on weaker dollar
 
AP - GOLDEN GAIN: Gold prices rose Friday as the dollar weakened against the euro. Gold and other metals also benefited from a government report that showed manufacturing helped the economy grow late last year.
Regulators shut 2 Ga. banks, 1 in Fla., 1 in Ariz.
 
AP - Regulators on Friday shut down two Georgia banks and one each in Florida and Arizona, bringing to 41 the number of bank failures in the U.S. so far this year following the 140 that fell in 2009 to mounting loan defaults and the recession.
UH study predicts slow economic recovery for state
 
AP - A University of Hawaii study released Friday found signs of economic recovery for the state but also determined that the pace will be slow.
Mich. governor sees diversified economy as legacy
 
AP - Gov. Jennifer Granholm said Friday the legacy of her eight embattled years as governor will be a more diverse Michigan economy, although she acknowledges some of the benefits won't be seen for years.

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