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California Democrats have state budget plan (Reuters) (Aug-2, 18:08 EDT )-- Reuters - Democratic leaders of California's legislature have agreed on a state budget plan to counter Republican Governor Arnold Schwarzenegger's proposal, an aide to one of the legislators said on Monday.
A closer look at July growth in manufacturing (AP) (Aug-2, 16:16 EDT )-- AP - Every month, the Institute for Supply Management issues a report highlighting changes in the manufacturing sector. The July report showed that the industrial sector has grown for a year, providing the biggest lift to the weakening economic recovery.
Manufacturing slows in July for 3rd month (Reuters) (Aug-2, 15:52 EDT )-- Reuters - U.S. manufacturing grew in July at its slowest pace this year as a stream of new orders tapered off, pointing to further slackening in the economic recovery.
Sidney Harman to buy Newsweek from The Washington Post Co. (Aug-2, 15:45 EDT )-- Washington philanthropist, education innovator and hi-fi stereo pioneer Sidney Harman will buy Newsweek magazine from The Washington Post Co., the company said this afternoon, three months after Post Co. Chairman Donald E. Graham admitted that his...
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Manufacturing lifts recovery with year of growth (AP) (Aug-2, 15:23 EDT )-- AP - It's a rare bright spot in an otherwise troubled economy: The nation's manufacturing sector has now grown for a solid year, and more of its companies say they're ready to hire.
Government trims borrowing estimate for this year (AP) (Aug-2, 15:10 EDT )-- AP - The Treasury Department has further trimmed its estimates of the amount of borrowing it will need to do this year as an improving economy has boosted tax revenues and cut spending needs more than previously expected.
A look at global economic developments (AP) (Aug-2, 14:54 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Monday:
Oil prices top $81 a barrel (AP) (Aug-2, 14:53 EDT )-- AP - Energy prices settled higher on a day of uneven trading after the government said the economic recovery slowed during the second quarter as consumers conserved their money.
Navy poised to pick builder of new Littoral Combat Ship this summer (Aug-2, 14:13 EDT )-- The Navy plans to pick a winner this summer in the contest to build a new high-speed warship that can prowl close to shorelines as a vital part of future military strategy. But whether the service can live up to its promises to build an inexpensive...
Geithner vows quick drafting of US finance rules (AFP) (Aug-2, 13:53 EDT )-- AFP - US Treasury Secretary Timothy Geithner on Monday said regulators would flesh out new Wall Street rules "as quickly as possible" and urged firms to change behavior now.
Are Consumer Companies Doomed? (The Motley Fool) (Aug-2, 13:35 EDT )-- The Motley Fool - Kellogg (NYSE: K - News) shareholders are likely battling sour stomachs after last week's earnings release, which not even a merry band of Keebler elves could couch in a positive light.
Jim Rogers: The Next Bubble Is the Bond Market (The Motley Fool) (Aug-2, 12:55 EDT )-- The Motley Fool - Predicting bubbles has become the sport of choice lately. After the tech bubble of the '90s and the recent implosion of the housing bubble, everyone seems to be in the bubble-forecasting business. So, should you listen to Jim Rogers...
Economy still short of full recovery: Bernanke (Reuters) (Aug-2, 12:45 EDT )-- Reuters - The economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve Chairman Ben Bernanke said on Monday.
Bernanke: U.S. has long way to go on economic recovery (Aug-2, 12:36 EDT )-- The country has a "considerable way to go to achieve a full recovery in our economy," Federal Reserve Chairman Ben Bernanke said in a speech Monday to state and local government officials in Charleston, S.C. United States - Business - Federal...
Summary Box: Fed chief: long road back to health (AP) (Aug-2, 11:10 EDT )-- AP - LONG ROAD AHEAD: Federal Reserve Chairman Ben Bernanke said the nation has "a considerable way to go to achieve a full recovery in our economy."
MetLife to sell more equity than planned for Alico (Reuters) (Aug-2, 10:47 EDT )-- Reuters - MetLife Inc said it plans to sell more than $3 billion of stock to help pay for its acquisition of the foreign life insurance business of American International Group, or about 50 percent more than it originally expected.
Manufacturing grows for 12th straight month (AP) (Aug-2, 10:38 EDT )-- AP - The manufacturing sector grew in July for the 12th straight month, providing a boost to the slowing economic recovery.
Understanding the Psychology of Retirement Planning (U.S. News & World Report) (Aug-2, 10:30 EDT )-- U.S. News & World Report - Perhaps one of the greatest financial missteps people make is believing that retirement is an event or a "zone" one enters later in life. So says Gregory Salsbury, author of Retirementology: Rethinking the American Dream in a...
Moody's upgrades ratings outlook on Expedia (AP) (Aug-2, 10:29 EDT )-- AP - Moody's Investors Service said Monday that it may upgrade credit ratings on online travel company Expedia Inc., citing its strong financial performance through the recession and a forecast for modest growth in the travel industry.
Fed chief sees long road back to economic health (AP) (Aug-2, 09:49 EDT )-- AP - The nation faces a long road to get back to good economic health, Federal Reserve Chairman Ben Bernanke suggested Monday.
Manufacturing grows for 15th straight month (AP) (Aug-2, 09:45 EDT )-- AP - The manufacturing sector grew in July for the 15th straight month, providing a boost to the slowing economic recovery.
Bernanke says economy still short of full recovery (Reuters) (Aug-2, 09:37 EDT )-- Reuters - The economy is improving but has yet to recover fully, with high unemployment and a weak housing market weighing on consumers, Federal Reserve Chairman Ben Bernanke said on Monday.
Manufacturing grows for 12th straight month (Reuters) (Aug-2, 09:23 EDT )-- Reuters - The manufacturing sector grew in July for the 12th straight month and at a rate that was slightly better than expected, according to an industry report released on Monday.
US Fed warns on local budget cuts (AFP) (Aug-2, 09:22 EDT )-- AFP - Federal Reserve President Ben Bernanke warned Monday that cuts in state government spending are slowing the US economic recovery, as he urged politicians to better manage funds in good times.
June construction activity rises 0.1 percent (AP) (Aug-2, 09:20 EDT )-- AP - Construction spending edged up in June but all the strength came from the government. Private sector activity in both housing and nonresidential projects fell.
China slows to cruising speed, Europe perks up (Reuters) (Aug-2, 08:39 EDT )-- Reuters - Manufacturing in China shrank in July for the first time since March 2009 while it perked up in the euro zone, according to surveys that underscored the unevenness of the global economic recovery.
U.S. to strengthen sanctions against N. Korea amid concerns of Chinese influence (Aug-2, 07:47 EDT )-- SEOUL -- The chief U.S. official in charge of nonproliferation outlined a plan Monday to penalize North Korea by choking off the international network of front companies and banks that largely fund its nuclear weapons program and the lifestyles of its...
MetLife lowers outlook of Alico buy (Reuters) (Aug-2, 07:35 EDT )-- Reuters - MetLife Inc lowered its estimate of how much of a boost it will get from acquiring Alico, the foreign life insurance business of AIG, and announced fund-raising plans to help pay for the deal.
Obama says U.S. economy has to grow faster (Reuters) (Aug-2, 06:33 EDT )-- Reuters - President Barack Obama said in an interview aired on Monday that the U.S. economy must grow faster and that unemployment is a "huge problem."
Dollar slips against euro before latest US data (AFP) (Aug-2, 06:17 EDT )-- AFP - The dollar slid against the euro on Monday, but edged up against the yen in cautious trading before key economic data, and amid fears that the global economic recovery may be losing steam, analysts said.
20 most stressed, 20 least stressed counties (AP) (Aug-2, 05:30 EDT )-- AP - Here are the 20 most economically stressed counties with populations of at least 25,000 and their June 2010 Stress scores, according to The Associated Press Economic Stress Index:
AP analysis: US economic stress heads back up (AP) (Aug-2, 05:28 EDT )-- AP - After easing for four months, the nation's economic stress worsened in June because more bankruptcies in the West and foreclosures outside the Sun Belt outweighed lower unemployment, according to The Associated Press' monthly analysis of...
UBS to hire Goldman and BofA execs (Reuters) (Aug-1, 23:23 EDT )-- Reuters - UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S.
APPOINTMENTS (Aug-1, 23:00 EDT )-- Harvey-Cleary Builders of Gaithersburg named Mike Denisar director of its tenant improvement group. Windows - Shareware - England - Personal Information Managers - Calendars
Paul Ryan's ideas for cutting the deficit (Aug-1, 23:00 EDT )-- The Congressional Budget Office has estimated that Rep. Paul Ryan's plan would cut the budget deficit in half by 2020. Democrats say voters would not back his reductions in Medicare and Social Security. Some highlights: Paul Ryan - Business -...
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U.S. regulators lack data on health risks of most chemicals (Aug-1, 23:00 EDT )-- This summer, when Kellogg recalled 28 million boxes of Froot Loops, Apple Jacks, Corn Pops and Honey Smacks, the company blamed elevated levels of a chemical in the packaging. Chemicals - Business - United States - United States Environmental...
Company says FDA is nearing decision on genetically engineered Atlantic salmon (Aug-1, 23:00 EDT )-- It may not be the 500-pound "Frankenfish" some researchers were talking about 10 years ago, but a Massachusetts company says it is on the verge of receiving federal approval to market a quick-growing Atlantic salmon that's been genetically modified...
INSIDER TRANSACTIONS (Aug-1, 23:00 EDT )-- Organizations - United States - Insider trading - Business - Stock
United Arab Emirates to block key features on BlackBerrys (Aug-1, 23:00 EDT )-- DUBAI, UNITED ARAB EMIRATES -- Citing national security concerns, the United Arab Emirates said Sunday that it will block key features on BlackBerry smartphones because the devices operate beyond the government's ability to monitor. An official in...
Beer group opens the tap on the Hill (Aug-1, 23:00 EDT )-- On April 15, a bill backed by the National Beer Wholesalers Association was introduced in the House aimed at limiting direct sales of beer, wine and other alcohol, which the trade group views as a mortal threat to its industry. Beer - Food -...
Interview with Barbara Polk, XO Communications senior vice president of human resources (Aug-1, 23:00 EDT )-- I have been in human resources for most of my career, and my background encompasses a few industries such as health care, telecommunications and various nonprofits. Those experiences gave me the opportunity to see the variables of how to make sure the...
Bankruptcy court filings (Aug-1, 23:00 EDT )-- These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. United States - Bankruptcy - Law - Services - Lawyers and Law Firms
Facetime: Business workshops in and around Washington (Aug-1, 23:00 EDT )-- MONDAY Social Media Strategies for Your Job Search . Marvin Powell, chief executive of Coach Powell Training and Development, will discuss how to use social media tools to promote yourself in your job hunt. 9:45 to 11:30 a.m., 1718 P St. NW, Suite T2,...
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