Your Source of Daily News...
Home - Top Stories - Business - Technology - Health - Sports - Entertainment - Internet - Oddly Enough - Politics - Lifestyle - Editorials - Most Viewed
World - USA - India - UK - Asia Pacific - Europe - Middle East - Americas - Africa
Business News
G20 finance ministers begin their meeting in Scotland, but are faced with divisions over stimulus packages and climate change.
The market had been expecting unemployment to top 10 percent before peaking. But the pace of job losses has accelerated and the rate is likely to go higher.
The official jobless rate excludes millions of people who have given up looking for work and part-time workers who want to be working full time.
The market had been expecting unemployment to top 10 percent before peaking. But the pace of job losses has accelerated and the rate is likely to go higher.
A factor causing sluggishness may be that auto companies produced and, with discounts, sold too many cars in the years before the recession.
A factor causing sluggishness may be that auto companies produced and, with discounts, sold too many cars in the years before the recession.
The big Warren Buffett-led conglomerate said its third-quarter profit tripled as the improving economy and stock market boosted the value of its derivative contracts.
The number of unemployed rose to 15.7 million in October, as 190,000 nonfarm jobs were lost, the government said, and economists do not expect relief until next year.
The number of unemployed rose to 15.7 million in October, as 190,000 nonfarm jobs were lost, the government said, and economists do not expect relief until next year.
Regulators, central bankers and citizens are criticizing bankers for continuing large compensation packages while receiving government funds.
Recent arrests in an insider trading case have hedge fund managers and technology company leaders watching their words carefully.
ORLANDO -- To those who lived near Jason Rodriguez, the unemployed man charged with shooting six people, killing one, in an Orlando high-rise building Friday, the warning signs were there.
House Democratic leaders pushed with mounting confidence Friday toward a historic vote on expanding the nation's health-care system, and President Obama joined an intense last-minute lobbying campaign to pick up the last few votes needed to secure the measure's passage.
1 killed, 5 wounded in Orlando shooting A2 Painting a street green hasn't stimulated one new job A3
-- Steven Pearlstein's column in the Nov. 6 Economy & Business pages incorrectly referred to "uncomfortably high employment." It should have read "uncomfortably high unemployment."
The jump in the unemployment rate to 10.2 percent, reported Friday, suggests that the job market could take longer than expected to recover and deepens the pressure on President Obama to come up with more immediate solutions.
Reuters - Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year.
To pay for the near trillion-dollar health-care system overhaul, many outside the White House believe the middle class will not be spared when it comes to hidden taxes.
Reuters - Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.
Reuters - As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.
Reuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
Reuters - Bank regulators closed Home Federal Savings Bank, of Detroit, on Friday, the 117th U.S. bank to fail this year as deteriorating loans continue to take their toll on financial institutions.
PHILADELPHIA (AP) -- A tentative contract agreement has been reached that could end the public transit strike that has idled Philadelphia's subways, buses and trolleys for four days, Gov. Ed Rendell said late Friday....
OMAHA, Neb. (AP) -- Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled....
ST. ANDREWS, Scotland (AP) -- British Treasury chief Alistair Darling has urged the world's top finance officials to reach an agreement on bearing the cost of fighting climate change before a UN summit on global warming next month....
WASHINGTON (AP) -- Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion....
CHARLOTTE, N.C (AP) -- Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans....
With banks foundering, proprietary trading firms have prospered. Now some are drawing the eyes of authorities.
Stocks posted a modest gain after the Labor Department said the unemployment rate topped 10 percent in October for the first time since 1983, but also that the pace of job losses slowed.
The last time unemployment climbed past 10 percent, "The A-Team" was one of the top 10 TV shows and Michael Jackson was about to release "Thriller."
New report suggests policy could contribute to spread of H1N1 virus.
Employers shed 190,000 jobs over the past month.
The unemployment rate has hit double digits for the first time since 1983 â€" and is likely to go higher.
Top organizer of the U.N. Climate Conference has her eye on this weekend's G20 meeting.
The Treasury demands proof from bailed-out Royal Bank of Scotland that there is little demand for its business loans.
The US economy lost 190,000 jobs in October, taking the jobless rate above 10% for the first time since 1983.
The economy is still shedding jobs, but at a much slower pace than earlier this year, the government reported. That bolsters the view that the economy is making a slow but steady recovery.
Congressional Oversight Panel: Fees from govt. guarantees will bring profits.
eBay settles a lawsuit with the founders of Skype, ending uncertainty over the future of the internet phone company.
Massachusetts' 2nd Wives Club lobbies to change rules on alimony payments.
Insurer AIG reports its second straight quarterly profit since it was bailed out by the US government.
Whether the Queen of all Media will move her chat-fest to her OWN cable network remains an industry guessing game.
The airbags will appear first in the company's next general Ford Explorer.
With the economy expected to contract, momentum for a downgrade may be unstoppable.
Home - Top Stories - Business - Technology - Health - Sports - Entertainment - Internet - Oddly Enough - Politics - Lifestyle - Editorials - Most Viewed
World - USA - India - UK - Asia Pacific - Europe - Middle East - Americas - Africa
Kify Domains - Kify Web Hosting - Kify Mail - Kify Shopping - Kify Forums
The selection and placement of stories on this page were determined automatically by a computer program. Send your Feedback.
© 2006 K i f y
