Archive for the Business U S A News Category
New York Times’ loss narrows
NEW YORK, - The New York Times Co., the publisher of The New York Times, The Boston Globe and The International Herald-Tribune, reported a small loss on Thursday.
U.S. orders slash of executive compensation at 7 bailout firms
WASHINGTON, The Obama administration on Thursday ordered seven firms that received the most federal aid to slash their compensation to 175 highest-paid employees.
Oil slips on jobless data, rebounding dollar
NEW YORK, Crude prices slipped from a one-year high on Thursday as disappointing job-loss numbers and gains in the U.S. dollar weighed on commodities markets.
Wall Street rallies on better-than-expected earnings
NEW YORK, - Wall Street rallied on Thursday, as better-than-estimated earnings from Travelers Cos., AT&T Inc. and McDonald’s Corp. overshadowed a bigger-than-forecast increase in jobless claims.
U.S. may lose AAA-rating, Moody’s warns
NEW YORK, — The United States my lose its AAA-rating if it can not control its deficit hike, rating agency Moody’s Investors Service warned on Thursday.
California on track to build first U.S.bullet train
LOS ANGELES, - California Governor Arnold Schwarzenegger announced on Friday that his state would build the first bullet train in the nation, a project that would provide a 10-billion-dollar economic boost to the state.
Global chip sales keep sequential growth for sixth straight month
SAN FRANCISCO, Thanks to steady recovery of consumer spending, global semiconductor sales climbed 5 percent in August from the previous month, representing the sixth consecutive month of sequential growth, a leading U.S. trade group reported on Friday.
Global investment in clean energy declines in third quarter
HOUSTON, Investors worldwide injected 25.9 billion U.S. dollars in clean energy development in the third quarter, down 22 percent from the same quarter last year, a research group said on Friday.
Gold gains slightly on weak dollar after earlier sharp decline
CHICAGO, Gold futures on the COMEX Division of the New York Mercantile Exchange rose a little on Friday, after dipping below 990 U.S. dollars earlier in the morning session. Silver and platinum both ended lower.
Oil retreats on rising unemployment rate
NEW YORK, Crude prices dropped on Friday as investors were worried about the recovery strength amid rising unemployment rate in the United States.
Wall Street pulls back as unemployment rate hits 9.8%
NEW YORK, Wall Street pulled back on Friday, as the U.S. September unemployment rate hit the highest level since June 1983 and payrolls had now dropped for 21 consecutive months.
Wall Street falls as unemployment rate hits 9.8%
NEW YORK, - Wall Street pulled back in early trading Friday, as the September unemployment rate hit the highest level since June 1983 and payrolls had now dropped for 21 consecutive months.
U.S. unemployment rate hits 9.8% in Sept.
WASHINGTON, U.S. unemployment rate edged up 0.1 percentage point to 9.8 percent in September, the highest since June 1983, the Labor Department reported Friday.
News analysis: U.S. stock market vulnerable after two-quarter rally
NEW YORK, The booming U.S. stock market in recent two quarters has signaled the emergence of an economic growth, but it seems that the market is still vulnerable.
Clean tech venture investment keeps recovering: survey
SAN FRANCISCO, - Spurred by government economic stimulus plans, global clean technology venture investment continued recovering in the third quarter of this year and has become the leading sector in venture capital funding, said a new survey released on Wednesday.
Dollar falls as U.S. GDP data revised up
NEW YORK,- The dollar fell against major currencies on Wednesday after the U.S. gross domestic product (GDP) in the second quarter was revised up.
U.S. stocks trade lower as PMI data unexpectedly decline
NEW YORK, Wall Street traded lower on Wednesday, as a measure of U.S. business activity surprisingly decreased in September, offsetting the upbeat report of a smaller-than-forecast dip in gross domestic product.
Gold rallies back above $1,000 on strong oil, weak dollar
CHICAGO, Gold futures on the COMEX Division of the New York Mercantile Exchange topped the key level of 1,000 dollars on Wednesday, buoyed by a weak dollar and soaring crude oil. Silver and platinum both ended higher.
U.S. economy dips at smaller pace in second quarter
WASHINGTON,The U.S. economy decreased at an annual rate of 0.7 percent in the second quarter of 2009, a better-than-expected performance which provides fresh evidence that the recession was ending, according to the third estimate released by the Commerce Department on Wednesday.
Exit strategies, policy for sustaining growth to be top priorities: IMF
WASHINGTON, The design of exit strategies and policy for sustaining world growth should be top priorities for policy making in the next two years, the International Monetary Fund (IMF) said Tuesday.
Disney encourages volunteer work with free admission ticket
LOS ANGELES, The Walt Disney Co. worked out a special way to encourage people to volunteer in its communities with an offer of a free one-day admission ticket, the company announced Tuesday.
