U.S. jobless rate hits 26-year high of 9.8 percent
WASHINGTON (Reuters) - U.S. employers unexpectedly cut more jobs in September than in August, underscoring the fragility of the economy's recovery from its worst recession in 70 years as businesses remain cautious about the future.
Nations:U.S. People:Barack Obama Activities:2008 U.S. Layoff Crisis Source:(Reuters)
2009-10-03
G20 becomes top world economic forum
PITTSBURGH, Pennsylvania (AFP) - World leaders on Friday said the Group of 20 developed and developing nations would become the top economic forum, spreading influence to emerging powers such as China and India.
Nations:U.S. Japan China India Canada Turkey People:Barack Obama Michelle Obama Activities:2009 Pittsburgh G20 Summit
2009-09-25
China open to G20 talks on new economic balance
PITTSBURGH (Reuters) - A U.S. drive to build a more balanced global economy gained the qualified support of China on Wednesday in a sign that Group of 20 leaders may be ready to take joint action to prevent future economic crises.
Nations:China U.S. India Brazil People:Nicolas Sarkozy Barack Obama Activities:2009 Pittsburgh G20 Summit
2009-09-23
Colonial BancGroup shut down by federal officials
WASHINGTON - Real estate lender Colonial BancGroup Inc. has been shut down by federal officials in the biggest U.S. bank failure this year.
Nations:U.S. Activities:Global Financial Crisis Source:(AP)
2009-08-15
Pa. man kills 3, himself; Web page describes plans
BRIDGEVILLE, Pa. - A man who sprayed bullets into a fitness class filled with women, killing three and then himself, apparently kept a Web page in which he wrote about years of rejection by women and an earlier plan for violence at the gym in which he said he "chickened out."
Nations:U.S. Source:(AP)
2009-08-05
Ga. prof suspected in shootings leaves no trail
ATHENS, Ga. - A college professor suspected in the shooting deaths of his wife and two men outside a community theater hasn't used his cell phone or credit card, leaving few traces as authorities searched for him Sunday.
Nations:U.S. Italy Source:(AP)
2009-04-27
February home sales rise as prices sink
WASHINGTON - One month does not a recovery make. But a surprising leap in existing home sales in February was a welcome if tentative sign of hope that the real estate market may be stabilizing.
Nations:U.S. Activities:2008 U.S. Real Estate Crisis Source:(AP)
2009-03-23
Jobless claims overwhelm state offices
New York - Officials at state unemployment offices say they've never seen anything like it: Layoffs are happening so fast that those seeking unemployment benefits are overloading state computer systems, jamming phone lines, and making it necessary for administrators to hire temporary workers.
Nations:U.S. People:Jim McDermott Activities:2008 U.S. Recession Source:(Christian Science Monitor)
2009-01-12
Steelers beat Chargers 35-24, meet Ravens again
PITTSBURGH - There is a home-field advantage in the NFL playoffs after all, and it belongs to the Pittsburgh Steelers.
Nations:U.S. People:Mike Tomlin Vincent Jackson Willie Parker LaDainian Tomlinson Ben Roethlisberger Activities:2008 NFL
2009-01-12
Economy in grip of recession, reports show
WASHINGTON - Anyone looking for a bright spot in the recession might have pointed to a reading Tuesday of the nation's office workers, retailers and other service industries, which contracted at a slower-than-expected pace in December.
Nations:U.S. People:Ben Bernanke Barack Obama Activities:2008 U.S. Recession Source:(AP)
2009-01-06
Alcoa to cut 13,500 jobs, reduce output
NEW YORK (AFP) - US aluminum giant Alcoa said Tuesday it would slash some 13,500 jobs or 13 percent or its global workforce and reduce output to cope with the global economic downturn.
Nations:Sweden U.S. Russia Source:(AFP)
2009-01-06
The 'McMansion' trend in housing is slowing
Atlanta - Complete with an Oval Office and Lincoln Bedroom, the Atlanta White House became a symbol of developers reshaping the urban landscape by tearing down modest ranches and bungalows and plopping McMansions in their place.
Nations:U.S. Activities:2008 U.S. Real Estate Crisis Source:(Christian Science Monitor)
2009-01-06
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