Articles For News

Reuters - News Corp Chief Executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental transformation that is unpredictable

Reuters - The White House stressed on Thursday that no second economic stimulus package is being considered as part of new measures under review by President Barack Obama's team.

AP - This year's back-to-school season isn't as big a bust for retailers as they feared — or as last year's — but it's not great either.

Reuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession.

AP - Oil prices ended higher Thursday after an initial retreat as investors put a positive spin on reports about jobs, manufacturing and home sales.

Europe's economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half.

AP - Departing White House economist Christina Romer says the government has the tools for bringing down unemployment, but policymakers need to find the will and wisdom to use them.

German retail sales slipped again in July on a monthly basis, official data showed Wednesday, suggesting that consumers in Europe's biggest economy have not given up their thrifty ways.

AP - SPENDING: Consumer spending rose 0.4 percent in July, the best showing in four months. It was helped by strong demand for autos.

Reuters - The Obama administration has not decided whether it should resurrect a popular tax credit for first-time homebuyers, Housing and Urban Development Secretary Shaun Donovan said on Sunday.