German Chancellor Angela Merkel and French President Nicolas Sarkozy pushed Monday to speed up Europe’s efforts to control the two-year governmental debt crisis. The German and French leaders met in Berlin, then called for a quick conclusion of European Union treaty negotiations to tighten spending controls over individual governments. Mr. Sarkozy said the new budget […]
Merkel, Sarkozy Call for Quicker Debt Crisis Action
Posted January 9th, 2012 at 10:00 am (UTC-5)
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Obama Wants US Businesses to ‘Insource’ Jobs
Posted January 7th, 2012 at 9:45 am (UTC-5)
U.S. President Barack Obama will urge business leaders next week to keep jobs at home rather than outsourcing their industries abroad. Mr. Obama announced in his weekly address that he will host a forum at the White House Wednesday. He will meet with business leaders who are setting an example of “insourcing” jobs. The president […]
Obama Pushes For ‘Insourcing’ Jobs
Posted January 7th, 2012 at 7:50 am (UTC-5)
U.S. President Barack Obama will urge business leaders next week to keep jobs at home rather than outsourcing their industries abroad. Mr. Obama announced in his weekly online address that he will host a forum at the White House Wednesday. He will meet with business leaders who are setting an example of “insourcing” jobs. The […]
Obama Pushes For “Insourcing” Jobs
Posted January 7th, 2012 at 6:20 am (UTC-5)
U.S. President Barack Obama will urge business leaders next week to keep jobs at home rather than outsourcing their industries abroad. Mr. Obama announced in his weekly online address that he will host a forum at the White House on Wednesday. He will meet with business leaders, who are setting an example of “insourcing” jobs. […]
US Unemployment Rate Drops; Economy Gains 200,000 Jobs
Posted January 6th, 2012 at 1:20 pm (UTC-5)
The U.S. economy had a net gain of 200,000 jobs in December, while the unemployment rate dropped to the lowest level since early 2009. Friday’s report from the Labor Department says the jobless rate fell two-tenths of one percent to hit 8.5 percent. All of the job gains were in the private sector, particularly transportation, […]
IMF Set to Cut Its 2012 Global Economic Forecast
Posted January 6th, 2012 at 12:45 pm (UTC-5)
With continuing fears about the European debt crisis, the International Monetary Fund says it is set to lower its global economic growth forecast for 2012. Last September, the IMF projected a 4 percent advance this year. But on Friday IMF chief Christine Lagarde told reporters in the South African capital, Pretoria, that later this month […]
Europe Facing New Wave of Negative Economic Indicators
Posted January 6th, 2012 at 10:25 am (UTC-5)
The 17 eurozone nations are facing a new wave of negative economic indicators, a further signal that Europe’s currency bloc is headed toward a recession. The European Commission said Friday that executive and consumer confidence dropped in December to the lowest point in more than two years. Factory orders in Germany, with the eurozone’s strongest […]
US Unemployment Rate Drops; Economy Gains 200,000 Jobs
Posted January 6th, 2012 at 9:55 am (UTC-5)
The U.S. economy had a net gain of 200,000 jobs in December, while the unemployment rate dropped to the lowest level since early 2009. Friday’s report from the Labor Department says the jobless rate fell two-tenths of a percent to hit 8.5 percent. All of the job gains were in the private sector, particularly transportation, […]
US Unemployment Rate Drops; Economy Gains 200,000 Jobs
Posted January 6th, 2012 at 8:50 am (UTC-5)
The U.S. unemployment rate dropped to 8.5 percent in December and the economy had a net gain of 200,000 jobs. Friday’s report from the Labor Department says the jobless rate is two-tenths of a percent better than the prior month, the best since February of 2009. All of the job gains were in the private […]
Amid Worries, Euro Sinks Against the Yen and Dollar
Posted January 5th, 2012 at 10:15 am (UTC-5)
The value of the euro fell Thursday to an 11-year low against the Japanese yen and a 16-month low against the U.S. dollar as investors showed new concern about the European economy. The euro traded below 99 yen, its lowest point against the Japanese currency since December 2000, and dipped below $1.28, the lowest exchange […]
