Great Recession’s labor legacy: shorter workweeks, grayer work force and less job securityGoing to work may never be the same again. GM CEO expects US auto industry sales of 11.5M to 12M in 2010 vs 10M to 10.5M this yearORLANDO, Fla. — U.S. auto sales should improve modestly next year as tight credit for auto financing eases and the economy works its way out of the recession, General Motors Co.’s top executive said Thursday. World leaders seek global solutions to confront multiple crisesUNITED NATIONS — Global leaders on Thursday warned colleagues that coordinated international action to end the worldwide recession and reverse climate change must not fall victim to routine political divisions and pitfalls. Fed continues to scale back 2 emergency lending programs as economy improvesWASHINGTON — The Federal Reserve said Thursday it is further scaling back two emergency lending programs as the economy improves. New jobless claims fall unexpectedly to 530,000, 3rd straight drop; total claims also declineWASHINGTON — The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs are continuing to ease in the earliest stages of an economic recovery. Meltdown 101: How will extended jobless benefits work _ and who will benefit from them?WASHINGTON — Congress is moving to extend unemployment benefits as about 1.3 million of the jobless are at risk of running out by the end of this year. But the extra coverage won’t initially be available in every state. Fed pushes $1.45 trillion housing market plan into 2010; mortgage rates expected to stay lowWASHINGTON — Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market. Check local listings: Recession means empty seats, but NFL has no plans to ease blackout rulesNEW YORK — When Hurricane Katrina devastated New Orleans, the NFL waived its television blackout policy so Saints fans could watch even if games moved to Baton Rouge didn’t sell out. Fed slows $1.45 trillion mortgage program; says economic activity ‘picked up’WASHINGTON — With the economy on the mend, the Federal Reserve on Wednesday said it is slowing the pace of a program to lower mortgage rates and prop up the housing market. STIMULUS WATCH: Youth unemployment high despite US program; critic says ‘too little, too late’FRESNO, Calif. — The Obama administration’s economic stimulus program to find jobs for thousands of teenagers this summer couldn’t overcome one of the bleakest job markets in more than 60 years that had desperate adults competing for the same kind of work. House votes to give jobless Americans in 27 states another 13 weeks of benefitsWASHINGTON — With no end in sight to the country’s job market woes, the House has agreed to give the jobless in a majority of states another 13 weeks of unemployment insurance benefits. To foster recovery, Fed likely to leave rates at record-low, economic supports in placeWASHINGTON — Nurturing a nascent recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low and probably will keep other economic supports in place. Mexico’s unemployment rate hit 6.28 percent in August, highest rate since mid-1990sMEXICO CITY — Mexico’s unemployment rate rose to 6.28 percent in August, the highest rate in more than 13 years. House votes to extend jobless benefits 13 weeks in high-unemployment statesWASHINGTON — Jobless workers in imminent danger of losing their unemployment benefits would get a 13-week reprieve under legislation approved by the House on Tuesday. House to vote to extend jobless benefits in high-unemployment statesWASHINGTON — The jobless in those states hardest hit by the recession would get some short-term federal relief under House legislation extending unemployment benefits, already at record levels, for 13 weeks. A new frame of mind: Meltdown has led consumers to take control of their money mattersNEW YORK — If the Great Recession has taught people one thing, it’s this: They need to take charge of their finances. Lowe’s sees return to sales growth in 2010; may write off up to $100M in second halfNEW YORK — Lowe’s Cos. executives said Tuesday that they expect sales to begin rising again in fiscal 2010 as the housing market stabilizes, even as consumers have changed the way they approach home-improvement projects amid the recession. Study finds recession has led to spending cuts for people in every income levelNEW YORK — Across all income levels, the recession has led shoppers to reevaluate their spending and adopt cost-saving strategies — and people say those new habits will last even after the economy recovers. Britain’s Brown says rebalancing of world economy to be discussed at G-20 meetingLONDON — British Prime Minister Gordon Brown said leaders of 20 rich and developing countries must start to sketch out the outlines of a new global economic order when they meet in Pittsburgh later this week, as well as making sure that the fledgling recovery sustains itself. Recession’s impact: Census data show longer commutes, delayed marriage, fewer immigrantsWASHINGTON — A broad survey of Americans has provided striking measures of the recession’s effect on life at home and at work: People are now stuck in traffic longer, less apt to move away and more inclined to put off marriage and buying a house. New ways to think about post-meltdown investing: Diversify more broadly, raise skepticismBOSTON — Stocks always rise over the long haul. Bonds are for retirees and investors with little taste for risk. Companies rarely cut their dividends. Meltdown 101: What are leading economic indicators, and what do they say about the economy?The Conference Board’s leading economic indicators are offering positive signs about the economy’s future. They’ve risen for five months straight — a sign not only that the recession has likely ended, but also that we’ll probably see growth continue into next year. Interest rates fall at Treasury auction, 6-month bills hit record-low for 4th straight weekWASHINGTON — Interest rates on six-month Treasury bills hit a record low for the fourth consecutive week. Oil falls below $70 as Chinese demand drops, dollar regains footingOil prices fell for a third straight day before the U.S. Federal Reserve meets to discuss monetary policy, which for months has helped to drive crude prices higher. Private research group’s forecast of economic activity rises in August for 5th straight monthNEW YORK — A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended. Stock futures signal lower open following modest losses overseas, investors await Fed meetingNEW YORK — U.S. stock futures are signaling a lower opening Monday on Wall Street following modest losses overseas. Oil falls below $71 as stockpiles linger despite economic recovery signsVIENNA — Oil prices slipped below $71 a barrel Monday as high crude stockpiles and weak demand tempered enthusiasm about recent signs of improvement in the world’s largest economy. Amid continuing stagnant job market, House moves to extend UI benefitsWASHINGTON — Despite predictions the Great Recession is running out of steam, the House is taking up emergency legislation this week to help the millions of Americans who see no immediate end to their economic miseries. Oil falls to near $71 in Asia as stockpiles linger despite economic recovery signsBANGKOK — Oil prices fell to near $71 a barrel Monday in Asia as high crude stockpiles and weak demand tempered enthusiasm about recent signs of improvement in the world’s largest economy. Oil falls below $72 in Asia as stockpiles linger despite economic recovery signsBANGKOK — Oil prices fell below $72 a barrel Monday in Asia as high crude stockpiles and weak demand tempered enthusiasm about recent signs of improvement in the world’s largest economy. |
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