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Would-be home-buyers race to close deals before tax credit deadline (Jun-18, 23:00 EDT )-- More breathing room could be on the way for people racing to meet the June 30 closing deadline to qualify for a home-buyer tax credit. Business - United States Senate - Tax credit - Contract - Harry Reid
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Obama launches 10,000th recovery project in Ohio (AFP) (Jun-18, 18:21 EDT )-- AFP - President Barack Obama launched Friday a road improvement project in Ohio he said was the 10,000th recovery initiative since the US economic stimulus plan kicked in early last year.
Business Highlights (AP) (Jun-18, 16:24 EDT )-- AP - Unemployment falls in 37 states in May
Momentum in stocks' favor but trading choppy (Reuters) (Jun-18, 16:16 EDT )-- Reuters - U.S. stocks have momentum on their side next week, though seesawing sentiment could roil the markets and investors will scrutinize comments from the Federal Reserve to gauge the strength of the economic recovery.
Expedia hires 130 workers for Las Vegas operations (AP) (Jun-18, 16:15 EDT )-- AP - The online travel company Expedia Inc. said Friday it will add 130 new jobs in Las Vegas by the end of the month as the company continues to rebound from the recession.
Florida's jobless rate improves 2nd month straight (AP) (Jun-18, 15:55 EDT )-- AP - More than 32,000 new U.S. Census jobs helped Florida's unemployment rate improve for the second consecutive month — and just for the second time since 2006.
Virginia's unemployment rate edges up in May (AP) (Jun-18, 15:48 EDT )-- AP - While most parts of Virginia added jobs in May, the state's unemployment rate edged up in May as the number of job seekers grew.
Gold sets another record amid recovery uncertainty (AP) (Jun-18, 15:38 EDT )-- AP - Gold prices set a record high for a second day Friday as investors continued to question the strength of the global economic recovery.
Summary Box: Unemployment drops in 37 states (AP) (Jun-18, 15:35 EDT )-- AP - STATE UNEMPLOYMENT: The unemployment rate fell in 37 states and the District of Columbia in May, the Labor Department said. But the declines were mainly because people gave up looking for work.
Summary Box: Gold prices sets record high (AP) (Jun-18, 15:33 EDT )-- AP - GOLD'S DAZZLE: Gold prices set a record high for a second day Friday as investors continued to question the strength of the global economic recovery. Gold for August delivery settled at $1,258.30 an ounce after hitting $1,263.70 an ounce earlier...
G20 must strengthen economic recovery: Obama (AFP) (Jun-18, 15:15 EDT )-- AFP - US President Barack Obama urged the world's leading economies Friday to avoid scaling back government spending too quickly or risk derailing the global recovery.
Maine's unemployment rate down slightly in May (AP) (Jun-18, 14:23 EDT )-- AP - State Labor Commissioner Laura Fortman says Maine's unemployment in May was 8 percent, down slightly from April's revised rate 8.1 percent.
The Number One Obstacle to Retirement (U.S. News & World Report) (Jun-18, 14:17 EDT )-- U.S. News & World Report - At first it would seem that the biggest obstacle to retirement is not having enough money. Most people simply don't have enough in the bank to retire comfortably. While that is certainly a big part of the equation, it's just...
US Senate candidate Rubio faces Fla. foreclosure (AP) (Jun-18, 13:40 EDT )-- AP - Republican U.S. Senate candidate Marco Rubio and another Miami politician are facing foreclosure on a Tallahassee home they co-own for failing to make mortgage payments since January, Leon County court records show.
Obama launches push to refocus on economy and jobs (Reuters) (Jun-18, 13:20 EDT )-- Reuters - President Barack Obama launched a push on Friday ahead of congressional elections to refocus on economic recovery efforts that have been overshadowed by the BP Plc oil spill in the Gulf of Mexico.
A look at global economic developments (AP) (Jun-18, 13:15 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Friday:
Obama cites Ohio construction jobs from stimulus (AP) (Jun-18, 13:09 EDT )-- AP - President Barack Obama focused attention Friday on construction jobs created by the federal stimulus law while acknowledging the grinding toll the slow-to-rebound economy has taken.
Unemployment falls in 37 states in May (AP) (Jun-18, 13:01 EDT )-- AP - A majority of states saw their unemployment rates drop in May. But the widespread declines were mainly because people gave up looking for work and were no longer counted.
Alaska's jobless rate falls to 8.3 percent in May (AP) (Jun-18, 12:01 EDT )-- AP - Alaska's unemployment level in May fell to its lowest level in 8 months, 8.3 percent, with seasonal tourism and construction jobs contributing to the dip.
Louisiana's jobless rate rises to 6.9 pct in May (AP) (Jun-18, 11:41 EDT )-- AP - Louisiana's unemployment rate rose to 6.9 percent in May as the state added 4,600 jobs in the private sector, the Louisiana Workforce Commission reported Friday.
SC unemployment rate drops for 4th straight month (AP) (Jun-18, 11:30 EDT )-- AP - South Carolina's unemployment rate was down for the fourth straight month to 11 percent in May, but at least one expert said Friday the state continues to see a troubling decline in its labor force.
So What's a Fair Value for Apple? (The Motley Fool) (Jun-18, 11:16 EDT )-- The Motley Fool - Well, we've been writing about Apple (Nasdaq: AAPL - News) all week, covering topics like:
The Smart Way to Pay Off Student Loans (U.S. News & World Report) (Jun-18, 10:50 EDT )-- U.S. News & World Report - Reyna Gobel has a message for college graduates who, like her, find themselves carrying around student loan debt the size of a small mortgage: Don't wait until you pay it back to start living your life. Because with over one...
Traditional Life Insurance Regains Appeal (U.S. News & World Report) (Jun-18, 10:13 EDT )-- U.S. News & World Report - Long derided for providing low returns, traditional whole life insurance has weathered the recent economic storm better than many other insurance products. And while its sales trail those of its more sophisticated cousin,...
Pa. employers add jobs in May, 3rd straight month (AP) (Jun-18, 09:48 EDT )-- AP - Pennsylvania employers continued to add jobs in May for the third consecutive month, although unemployment remains at its highest rate in more than a quarter-century.
Kansas unemployment remains at 6.3 percent in May (AP) (Jun-18, 09:36 EDT )-- AP - Kansas economic officials reported Friday that the state's unemployment rate remained at 6.3 percent in May, but officials said they see modest signs that the state is emerging from the economic recession.
Obama dashing to Ohio to keep economy out front (AP) (Jun-18, 09:31 EDT )-- AP - President Barack Obama is dashing into Ohio for the groundbreaking of a road project, hoping to remind Americans that the massive, costly stimulus act is still churning out jobs for a nation plagued by high unemployment.
Russia's Medvedev pledges to loosen state controls (AP) (Jun-18, 09:06 EDT )-- AP - Russia will loosen the state's grip on the economy and abolish a key tax next year to spark a desperately needed "investment boom," President Dmitry Medvedev told a gathering of foreign business officials Friday.
Obama tells G-20 nations to seal economic recovery (AP) (Jun-18, 08:57 EDT )-- AP - President Barack Obama is appealing to the world's major economies not to waver in their efforts to support a sustained rebound from the near collapse of the global economic system in the fall of 2008.
Gold price hits record above $1,258 an ounce (AFP) (Jun-18, 08:41 EDT )-- AFP - The price of gold surged to an all-time high point above 1,258 dollars an ounce on Friday, on the back of the weaker US currency and downbeat US economic data, traders said.
Bill to aid small business passes US House (AFP) (Jun-18, 08:39 EDT )-- AFP - The House of Representatives passed a bill Thursday to make credit available to small business, a measure pushed by President Barack Obama to stimulate hiring at a time of high unemployment.
G20 must guard, strengthen economic recovery: Obama (AFP) (Jun-18, 07:59 EDT )-- AFP - Top world economies must step up crucial financial reforms in order to "maintain the momentum" of global economic recovery, US President Barack Obama told G20 leaders in a letter released Friday.
Toyota to restart US auto plant, draws UAW ire (AP) (Jun-18, 04:41 EDT )-- AP - Toyota's announcement that it will resume construction of a car factory in Mississippi was a much-needed piece of good news for both the state struggling with persistent unemployment and the automaker trying to recover some goodwill after a recall...
Oil down in Asian trade as US data disappoints (AFP) (Jun-18, 04:17 EDT )-- AFP - Oil prices were down in Asian trade Friday as investors weighed disappointing economic data in the United States, the world's largest energy consumer, analysts said.
Oil extends losses in Asia on US growth concerns (AP) (Jun-18, 03:22 EDT )-- AP - Oil prices extended losses but held above $76 a barrel Friday in Asia as weak U.S. economic data sparked renewed concerns that demand for crude may slow.
World Bank says China's economy slowing (AP) (Jun-18, 01:17 EDT )-- AP - China's economy is showing signs of softening after its strong stimulus-fueled rebound last year, the World Bank says in its latest quarterly update.
New Democrat Coalition opposed to derivatives-spinoff plan (Jun-17, 23:00 EDT )-- A provision in financial overhaul legislation that would force the nation's largest banks to spin off profitable derivatives-trading operations continues to divide lawmakers on Capitol Hill, most recently drawing criticism from a group of business...
FCC to seek comment on broadband (Jun-17, 23:00 EDT )-- The Federal Communications Commission voted 3 to 2 Thursday to seek public comment on its legal strategy for asserting greater regulatory authority over Internet service providers. Federal Communications Commission - Regulation -...
U.S., Europe target Iran investment, trade (Jun-17, 23:00 EDT )-- The United States and its allies are swiftly tightening an economic cordon around Iran by imposing new strictures that could inflict far more economic pain on the Islamic republic than previous sanctions. Iran - Middle East - United States -...
Demand for imports helps widen trade deficit (Jun-17, 23:00 EDT )-- ECONOMY Higher oil prices and stronger demand for imported goods widened the broadest measure of the U.S trade deficit in the first three months of the year. The result is viewed as a positive step for the recovery. Business - International trade...
Obama to order federal agencies to compile 'do not pay list' (Jun-17, 23:00 EDT )-- President Obama will order federal agencies Friday to establish a national "do not pay list" to prevent the government from paying benefits, contracts, grants and loans to ineligible people or organizations, according to senior administration officials...
AOL unloads Bebo social-network site (Jun-17, 23:00 EDT )-- AOL is paring its social-networking ambitions, selling its Web site called Bebo, which it bought a little more than two years ago for $850 million when AOL was still part of Time Warner. AOL - Bebo - Access Providers - Social network - Facebook
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