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the associated press
(Wednesday, Jan. 7, 2009)
Energy prices tumbled across the board Wednesday morning after a government report showed U.S. oil reserves were much greater than expected, suggesting demand continues to fall. » Read story.
by shino yuasa the associated press
(Wednesday, Jan. 7, 2009)
TOKYO — Toyota is suspending production at all 12 of its plants in Japan for 11 days over February and March, a stoppage of unprecedented scale for the nation’s top automaker as it grapples with shrinking global demand. » Read story.
Pending home sales, factory orders fall more than expected
democrat-gazette press services
(Wednesday, Jan. 7, 2009)
WASHINGTON — A measure of the U.S. services sector improved slightly in December, beating analysts’ estimates, but pending home sales and factory orders fell more than expected and the overall economic outlook remains grim. » Read story.
democrat-gazette press services
(Wednesday, Jan. 7, 2009)
PITTSBURGH — Aluminum producer Alcoa Inc. said Tuesday that it is cutting about 13 percent of its global work force, eliminating an estimated 13,500 jobs, and shearing spending and output in response to the economic downturn. » Read story.
by claire cain miller the new york times
(Wednesday, Jan. 7, 2009)
SAN FRANCISCO — In 2008, entrepreneurs and venture capitalists had difficulty cashing out of start-ups, underscoring just how much the financial crisis has pummeled the technology sector. » Read story.
Foundation wants to pay $20 million
By Nancy Cole (Contact)
(Wednesday, Jan. 7, 2009)
McGEHEE — With boll-weevil eradication nearly complete, some Arkansans are focusing their efforts on repaying nearly $20 million in debt that has accumulated since the effort began more than a decade ago. » Read story.
the associated press
(Tuesday, Jan. 6, 2009)
Aluminum producer Alcoa Inc. says it’s cutting about 13 percent of its global work force and slashing spending and output due to the economic downturn. » Read story.
the associated press
(Tuesday, Jan. 6, 2009)
Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March, a halt of unprecedented scale for the nation’s top automaker as it grapples with shrinking global demand. » Read story.
Chrysler sales off 53%; most firms see double-digit drops in month, year
by tom krisher and bree fowler the associated pres
(Tuesday, Jan. 6, 2009)
Chrysler LLC’s December U.S. sales plunged by more than half and it sold 30 percent fewer vehicles in 2008, dwarfing the steep declines at the other major automakers as consumers remained uncertain about the economy and their jobs. » Read story.
democrat-gazette press services
(Tuesday, Jan. 6, 2009)
WASHINGTON — Republican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission. » Read story.
by dirk lammers the associated press
(Tuesday, Jan. 6, 2009)
SIOUX FALLS, S.D. — Israel’s ground offensive in Gaza and a dispute between Ukraine and Russia over gas imports pushed oil prices above $48 a barrel Monday, but some analysts say there’s more than just unrest in the Middle East behind the rally. » Read story.
Nonresidential spending helps construction weather housing decline
by martin crutsinger the associated press
(Tuesday, Jan. 6, 2009)
WASHINGTON — Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing. » Read story.
Director says thousands to be affected
by russell contreras the associated press
(Tuesday, Jan. 6, 2009)
BOSTON — Citgo, the Venezuelan government’s Texasbased oil subsidiary, has suspended shipments of heating oil for poor families in the United States, citing falling oil prices and the world economic crisis, the nonprofit organization that distributes the fuel said Monday. » Read story.
by david koenig the associated press
(Tuesday, Jan. 6, 2009)
DALLAS — Several of the nation’s largest airlines have joined in a lawsuit to block new federal rules on crew rest during the longest international flights. » Read story.
by tom murphy the associated press
(Tuesday, Jan. 6, 2009)
INDIANAPOLIS — Managed care provider Cigna Corp. said Monday that the slumping economy has forced it to cut roughly 1,100 jobs, as it deals with employer customers who also are making cuts and reducing the number of people covered by insurance. » Read story.
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