Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1203 business Economy News en-us Sat, 07 Nov 2009 21:11:39 GMT 5 142 18 http://news.yahoo.com/i/1203 http://l.yimg.com/a/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20091107/ts_alt_afp/usbusinesseconomyemployment afp/20091107/usbusinesseconomyemployment AFP us Sat, 07 Nov 2009 21:11:39 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20091107/ts_alt_afp/usbusinesseconomyemployment"><img src="http://d.yimg.com/a/p/afp/20091107/capt.photo_1257628176543-1-0.jpg?x=86&y=130&q=85&sig=lXeCJO8_mpWKfUMKBuRAaw--" align="left" height="130" width="86" alt="US President Barack Obama speaks to the press at the White House in Washington, DC. With unemployment fast becoming one of Obama's biggest domestic challenges, focus is shifting from "too-big-to-fail" manufacturing and financial giants to struggling small businesses.(AFP/Jim Watson)" border="0" /></a>AFP - With unemployment fast becoming one of US President Barack Obama's biggest domestic challenges, focus is shifting from "too-big-to-fail" manufacturing and financial giants to struggling small businesses.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20091107/ts_alt_afp/usbusinesseconomyemployment"><img src="http://d.yimg.com/a/p/afp/20091107/capt.photo_1257628176543-1-0.jpg?x=86&y=130&q=85&sig=lXeCJO8_mpWKfUMKBuRAaw--" align="left" height="130" width="86" alt="photo" title="US President Barack Obama speaks to the press at the White House in Washington, DC. With unemployment fast becoming one of Obama's biggest domestic challenges, focus is shifting from "too-big-to-fail" manufacturing and financial giants to struggling small businesses.(AFP/Jim Watson)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_re_us/us_orlando_office_shooting ap/20091107/us_orlando_office_shooting AP business Sat, 07 Nov 2009 21:11:00 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_re_us/us_orlando_office_shooting"><img src="http://d.yimg.com/a/p/ap/20091107/capt.573b4d1741fc4426819e8d350323d284.orlando_office_shooting_florl105.jpg?x=92&y=130&q=85&sig=YETE3odlz8gFqnT1tqLCIQ--" align="left" height="130" width="92" alt="Jason Rodriguez makes his first appearance before Circuit Judge Walter Komanski at the Orange County Jail, on Saturday, Nov. 7, 2009 in Orlando, Fla. The engineer accused of fatally shooting one employee and wounding five others at the firm where he once worked is 'very mentally ill' and crumbled under the stress of his divorce, bankruptcy and unemployment, his attorney said Saturday. Rodriguez, 40, was ordered held without bail at the Orange County Jail, where he is under suicide watch after Friday's shooting. (AP Photo/Ricardo Ramirez Buxeda, Pool)" border="0" /></a>AP - His marriage long ago went sour, his home taken in foreclosure, his job lost to incompetence, his finances sunk in bankruptcy. Everything Jason Rodriguez sought ended in failure. Except his alleged plot to kill.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_re_us/us_orlando_office_shooting"><img src="http://d.yimg.com/a/p/ap/20091107/capt.573b4d1741fc4426819e8d350323d284.orlando_office_shooting_florl105.jpg?x=92&y=130&q=85&sig=YETE3odlz8gFqnT1tqLCIQ--" align="left" height="130" width="92" alt="photo" title="Jason Rodriguez makes his first appearance before Circuit Judge Walter Komanski at the Orange County Jail, on Saturday, Nov. 7, 2009 in Orlando, Fla. The engineer accused of fatally shooting one employee and wounding five others at the firm where he once worked is 'very mentally ill' and crumbled under the stress of his divorce, bankruptcy and unemployment, his attorney said Saturday. Rodriguez, 40, was ordered held without bail at the Orange County Jail, where he is under suicide watch after Friday's shooting. (AP Photo/Ricardo Ramirez Buxeda, Pool)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091107/bs_nm/us_g20_geithner nm/20091107/us_g20_geithner Reuters business Sat, 07 Nov 2009 19:52:36 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091107/bs_nm/us_g20_geithner"><img src="http://d.yimg.com/a/p/rids/20091107/i/r4117273305.jpg?x=107&y=130&q=85&sig=_9xjyj1CARSUG2GIFQu9aQ--" align="left" height="130" width="107" alt="Britain's Chancellor of the Exchequer Alistair Darling (R) chats with U.S. Treasury Secretary Timothy Geithner as they gather for the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland, November 7, 2009. REUTERS/Andrew Winning" border="0" /></a>Reuters - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091107/bs_nm/us_g20_geithner"><img src="http://d.yimg.com/a/p/rids/20091107/i/r4117273305.jpg?x=107&y=130&q=85&sig=_9xjyj1CARSUG2GIFQu9aQ--" align="left" height="130" width="107" alt="photo" title="Britain's Chancellor of the Exchequer Alistair Darling (R) chats with U.S. Treasury Secretary Timothy Geithner as they gather for the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland, November 7, 2009. REUTERS/Andrew Winning" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_jobless_then_and_now ap/20091107/us_jobless_then_and_now AP business Sat, 07 Nov 2009 19:36:15 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_jobless_then_and_now"><img src="http://d.yimg.com/a/p/ap/20091107/capt.a4ef36e70eb34b44a55639161fc52817.jobless_then_and_now_cd401.jpg?x=130&y=86&q=85&sig=4tpJhxT_4E2QRN2uTBJw2A--" align="left" height="86" width="130" alt="In ths Oct.22, 2009 photo, Vicki Adriano works at the Lordstown General Moters plant in Lordstown, Ohio. Compared with 1982, Americans have more than triple the amount of debt and less than half the savings. Their unemployment spells last 10 weeks longer, on average. (AP Photo/Tony Dejak)" border="0" /></a>AP - It hurts more to be unemployed now than the last time the jobless rate hit 10 percent.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_jobless_then_and_now"><img src="http://d.yimg.com/a/p/ap/20091107/capt.a4ef36e70eb34b44a55639161fc52817.jobless_then_and_now_cd401.jpg?x=130&y=86&q=85&sig=4tpJhxT_4E2QRN2uTBJw2A--" align="left" height="86" width="130" alt="photo" title="In ths Oct.22, 2009 photo, Vicki Adriano works at the Lordstown General Moters plant in Lordstown, Ohio. Compared with 1982, Americans have more than triple the amount of debt and less than half the savings. Their unemployment spells last 10 weeks longer, on average. (AP Photo/Tony Dejak)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091107/bs_nm/us_usa_economy nm/20091107/us_usa_economy Reuters business Sat, 07 Nov 2009 16:49:48 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091107/bs_nm/us_usa_economy"><img src="http://d.yimg.com/a/p/rids/20091107/i/r587097863.jpg?x=130&y=91&q=85&sig=fBNM4x.7GMiEFyJwdW.Gow--" align="left" height="91" width="130" alt="A resident searches for jobs on a computer at Workforce Alliance in West Palm Beach, Florida, July 2, 2009. REUTERS/Joe Skipper" border="0" /></a>Reuters - The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091107/bs_nm/us_usa_economy"><img src="http://d.yimg.com/a/p/rids/20091107/i/r587097863.jpg?x=130&y=91&q=85&sig=fBNM4x.7GMiEFyJwdW.Gow--" align="left" height="91" width="130" alt="photo" title="A resident searches for jobs on a computer at Workforce Alliance in West Palm Beach, Florida, July 2, 2009. REUTERS/Joe Skipper" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20091107/pl_afp/useconomyunemployment afp/20091107/useconomyunemployment AFP politics Sat, 07 Nov 2009 10:14:38 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20091107/pl_afp/useconomyunemployment"><img src="http://d.yimg.com/a/p/afp/20091107/capt.photo_1257567180374-2-0.jpg?x=130&y=93&q=85&sig=q_qiRcl0YS5UfMm8N2Nduw--" align="left" height="93" width="130" alt="Job seekers attend a seminar on finding jobs in San Francisco, California. The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.(AFP/Getty Images/Justin Sullivan)" border="0" /></a>AFP - The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/afp/20091107/pl_afp/useconomyunemployment"><img src="http://d.yimg.com/a/p/afp/20091107/capt.photo_1257567180374-2-0.jpg?x=130&y=93&q=85&sig=q_qiRcl0YS5UfMm8N2Nduw--" align="left" height="93" width="130" alt="photo" title="Job seekers attend a seminar on finding jobs in San Francisco, California. The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.(AFP/Getty Images/Justin Sullivan)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_bank_closures ap/20091107/us_bank_closures AP business Sat, 07 Nov 2009 03:11:16 GMT AP - Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_what_is_ally_bank ap/20091107/us_what_is_ally_bank AP business Sat, 07 Nov 2009 00:50:26 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_what_is_ally_bank"><img src="http://d.yimg.com/a/p/ap/20091106/capt.0a613766a31d4b0ba315d9fd7dd180d5.what_is_ally_bank_nybz166.jpg?x=72&y=130&q=85&sig=rVHWm94_8kCNX6dkhjgnSg--" align="left" height="130" width="72" alt="In this advertisement released Ally Bank, a print ad is shown. There's a reason Ally Bank, a reinvented unit of GMAC Financial Services, can afford to go after customer deposits so aggressively. It's backed by GMAC's $12.5 billion government bailout. (AP Photo/Ally Bank)" border="0" /></a>AP - Its TV and print ads poke fun at the bait-and-switch tactics of other banks. Its interest rates on CDs have been the most generous in the industry.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_what_is_ally_bank"><img src="http://d.yimg.com/a/p/ap/20091106/capt.0a613766a31d4b0ba315d9fd7dd180d5.what_is_ally_bank_nybz166.jpg?x=72&y=130&q=85&sig=rVHWm94_8kCNX6dkhjgnSg--" align="left" height="130" width="72" alt="photo" title="In this advertisement released Ally Bank, a print ad is shown. There's a reason Ally Bank, a reinvented unit of GMAC Financial Services, can afford to go after customer deposits so aggressively. It's backed by GMAC's $12.5 billion government bailout. (AP Photo/Ally Bank)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/oil_prices ap/20091107/oil_prices AP business Sat, 07 Nov 2009 00:39:50 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/oil_prices"><img src="http://d.yimg.com/a/p/afp/20091104/capt.photo_1257245940683-1-0.jpg?x=130&y=77&q=85&sig=c2UtldMnBHvB_GfU5MM8mg--" align="left" height="77" width="130" alt="World oil prices rose back above 80 dollars on Wednesday as investors turned their attention to an upcoming US energy inventory report.(AFP/File/Thomas Coex)" border="0" /></a>AP - Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/oil_prices"><img src="http://d.yimg.com/a/p/afp/20091104/capt.photo_1257245940683-1-0.jpg?x=130&y=77&q=85&sig=c2UtldMnBHvB_GfU5MM8mg--" align="left" height="77" width="130" alt="photo" title="World oil prices rose back above 80 dollars on Wednesday as investors turned their attention to an upcoming US energy inventory report.(AFP/File/Thomas Coex)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_go_ec_fi/us_consumer_credit ap/20091107/us_consumer_credit AP business Sat, 07 Nov 2009 00:38:24 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_go_ec_fi/us_consumer_credit"><img src="http://d.yimg.com/a/p/ap/20091107/capt.fe26ed7e93a2405790a4a9c3a37301aa.consumer_credit_nybz169.jpg?x=130&y=86&q=85&sig=3k27mb0pcU4PZR0XnLpvtQ--" align="left" height="86" width="130" alt="FILE - In this March 27, 2009 file photo, the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve says borrowing fell at an annual rate of $14.8 billion in September. That's the biggest decline since July and is larger than the $10 billion drop economists expected. (AP Photo/J. Scott Applewhite, file)" border="0" /></a>AP - Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_go_ec_fi/us_consumer_credit"><img src="http://d.yimg.com/a/p/ap/20091107/capt.fe26ed7e93a2405790a4a9c3a37301aa.consumer_credit_nybz169.jpg?x=130&y=86&q=85&sig=3k27mb0pcU4PZR0XnLpvtQ--" align="left" height="86" width="130" alt="photo" title="FILE - In this March 27, 2009 file photo, the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve says borrowing fell at an annual rate of $14.8 billion in September. That's the biggest decline since July and is larger than the $10 billion drop economists expected. (AP Photo/J. Scott Applewhite, file)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_earns_berkshire_hathaway ap/20091107/us_earns_berkshire_hathaway AP business Sat, 07 Nov 2009 01:31:46 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_earns_berkshire_hathaway"><img src="http://d.yimg.com/a/p/ap/20091107/capt.525f5c92346b4de6a11224742f8e9fa5.earns_berkshire_hathaway_nybz201.jpg?x=104&y=130&q=85&sig=AyAhzGzcTXHJEoPVXITvHw--" align="left" height="130" width="104" alt="FILE - In this May 2, 2009 file photo, Berkshire Hathaway CEO Warren Buffett speaks to a reporter prior to the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company said Friday Nov. 6, 2009 that its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts. (AP Photo/Nati Harnik, file)" border="0" /></a>AP - Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091107/ap_on_bi_ge/us_earns_berkshire_hathaway"><img src="http://d.yimg.com/a/p/ap/20091107/capt.525f5c92346b4de6a11224742f8e9fa5.earns_berkshire_hathaway_nybz201.jpg?x=104&y=130&q=85&sig=AyAhzGzcTXHJEoPVXITvHw--" align="left" height="130" width="104" alt="photo" title="FILE - In this May 2, 2009 file photo, Berkshire Hathaway CEO Warren Buffett speaks to a reporter prior to the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company said Friday Nov. 6, 2009 that its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts. (AP Photo/Nati Harnik, file)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091106/bs_nm/us_column_stocks_outlook nm/20091106/us_column_stocks_outlook Reuters business Fri, 06 Nov 2009 23:59:07 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091106/bs_nm/us_column_stocks_outlook"><img src="http://d.yimg.com/a/p/afp/20091107/capt.photo_1257614491875-1-0.jpg?x=130&y=86&q=85&sig=2UB009iAXvIZd.m5uzhjqQ--" align="left" height="86" width="130" alt="Traders work on the floor of the New York Stock Exchange moments before the closing bell on November 5. Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the year.(AFP/Getty Images/File/Spencer Platt)" border="0" /></a>Reuters - As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091106/bs_nm/us_column_stocks_outlook"><img src="http://d.yimg.com/a/p/afp/20091107/capt.photo_1257614491875-1-0.jpg?x=130&y=86&q=85&sig=2UB009iAXvIZd.m5uzhjqQ--" align="left" height="86" width="130" alt="photo" title="Traders work on the floor of the New York Stock Exchange moments before the closing bell on November 5. Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the year.(AFP/Getty Images/File/Spencer Platt)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_jobless_benefits_homebuyers ap/20091106/us_jobless_benefits_homebuyers AP business Fri, 06 Nov 2009 23:56:36 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_jobless_benefits_homebuyers"><img src="http://d.yimg.com/a/p/ap/20091106/capt.bc84f7a341a54082a1a68b01c37abc9a.obama_dcsw107.jpg?x=88&y=130&q=85&sig=91PhN9Pg32X42rIps7Nm7w--" align="left" height="130" width="88" alt="White House Press Secretary Robert Gibbs speaks during the daily briefing at the White House in Washington, Friday, Nov. 6, 2009. (AP Photo/Susan Walsh)" border="0" /></a>AP - President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_jobless_benefits_homebuyers"><img src="http://d.yimg.com/a/p/ap/20091106/capt.bc84f7a341a54082a1a68b01c37abc9a.obama_dcsw107.jpg?x=88&y=130&q=85&sig=91PhN9Pg32X42rIps7Nm7w--" align="left" height="130" width="88" alt="photo" title="White House Press Secretary Robert Gibbs speaks during the daily briefing at the White House in Washington, Friday, Nov. 6, 2009. (AP Photo/Susan Walsh)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_go_ec_fi/us_economy ap/20091106/us_economy AP business Fri, 06 Nov 2009 23:39:33 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_go_ec_fi/us_economy"><img src="http://d.yimg.com/a/p/ap/20091106/capt.ffb93518741f4e5e9eb410a43d69b45a.economy_flad101.jpg?x=130&y=78&q=85&sig=kscvn5fn5w6k4vwe.OAgiQ--" align="left" height="78" width="130" alt="Jose Betancourt, 57, talks to a reporter outside the South Florida Workforce office in Miami, Friday, Nov. 6, 2009. Betancourt spends two hours on buses to get to a South Florida Workforce career center in the Miami area, a couple of times a week, to get job training. He's been out of work since July after being let go from his job as a supermarket maintenance worker and lives on about $600 a month in unemployment benefits. That barely pays for the rent for his tiny efficiency, food and utilities. The unemployment rate has surpassed 10 percent for the first time since 1983 and is likely to go higher. (AP Photo/Alan Diaz)" border="0" /></a>AP - Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_go_ec_fi/us_economy"><img src="http://d.yimg.com/a/p/ap/20091106/capt.ffb93518741f4e5e9eb410a43d69b45a.economy_flad101.jpg?x=130&y=78&q=85&sig=kscvn5fn5w6k4vwe.OAgiQ--" align="left" height="78" width="130" alt="photo" title="Jose Betancourt, 57, talks to a reporter outside the South Florida Workforce office in Miami, Friday, Nov. 6, 2009. Betancourt spends two hours on buses to get to a South Florida Workforce career center in the Miami area, a couple of times a week, to get job training. He's been out of work since July after being let go from his job as a supermarket maintenance worker and lives on about $600 a month in unemployment benefits. That barely pays for the rent for his tiny efficiency, food and utilities. The unemployment rate has surpassed 10 percent for the first time since 1983 and is likely to go higher. (AP Photo/Alan Diaz)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_unemployment_rhode_island ap/20091106/us_unemployment_rhode_island AP business Fri, 06 Nov 2009 22:26:31 GMT AP - Unemployed Rhode Islanders can now collect jobless benefits for up to 99 weeks. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091106/pl_nm/us_usa_economy_obama_statement nm/20091106/us_usa_economy_obama_statement Reuters politics Fri, 06 Nov 2009 22:09:48 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091106/pl_nm/us_usa_economy_obama_statement"><img src="http://d.yimg.com/a/p/rids/20091106/i/r295108022.jpg?x=93&y=130&q=85&sig=EniT6tMgvaF3oBvHLwJIEQ--" align="left" height="130" width="93" alt="U.S. President Barack Obama pauses as he speaks about the economy in the Rose Garden of the White House in Washington, November 6, 2009. REUTERS/Larry Downing" border="0" /></a>Reuters - U.S. President Barack Obama on Friday listed a range of fresh options being considered by the White House to spur growth after "sobering" news that unemployment spiked to a 26 1/2-year peak last month.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091106/pl_nm/us_usa_economy_obama_statement"><img src="http://d.yimg.com/a/p/rids/20091106/i/r295108022.jpg?x=93&y=130&q=85&sig=EniT6tMgvaF3oBvHLwJIEQ--" align="left" height="130" width="93" alt="photo" title="U.S. President Barack Obama pauses as he speaks about the economy in the Rose Garden of the White House in Washington, November 6, 2009. REUTERS/Larry Downing" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_meltdown101_unemployment_by_the_numbers ap/20091106/us_meltdown101_unemployment_by_the_numbers AP business Fri, 06 Nov 2009 21:49:03 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_meltdown101_unemployment_by_the_numbers"><img src="http://d.yimg.com/a/p/ap/20091106/capt.c96797adc9eb43cea6708f6e51f6efb7.meltdown_101_2_gfx896.jpg?x=104&y=130&q=85&sig=ZfXOzg7M20t8eFhoxevi6Q--" align="left" height="130" width="104" alt="UPDATE adds alternative figures for consistency: graphic shows demographics of the unemployed in 1982 and" border="0" /></a>AP - The last time unemployment climbed past 10 percent, "The A-Team" was one of the top 10 TV shows and Michael Jackson was about to release "Thriller."</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_meltdown101_unemployment_by_the_numbers"><img src="http://d.yimg.com/a/p/ap/20091106/capt.c96797adc9eb43cea6708f6e51f6efb7.meltdown_101_2_gfx896.jpg?x=104&y=130&q=85&sig=ZfXOzg7M20t8eFhoxevi6Q--" align="left" height="130" width="104" alt="photo" title="UPDATE adds alternative figures for consistency: graphic shows demographics of the unemployed in 1982 and" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_dollar ap/20091106/us_dollar AP business Fri, 06 Nov 2009 21:46:26 GMT AP - The safe-haven dollar got an immediate boost Friday after the government said the U.S. unemployment rate rose above 10 percent, but then gave back its gains in choppy trading as investors figured that a weak economy meant the Federal Reserve would keep interest rates at their current near-zero range for a long time. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091106/pl_nm/us_obama_asia_china_economy nm/20091106/us_obama_asia_china_economy Reuters politics Fri, 06 Nov 2009 21:33:39 GMT Reuters - U.S. President Barack Obama will seek to reinforce the U.S. desire for more balanced global growth during his trip to Asia this month, administration officials said on Friday. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_earns_brookfield_asset_management ap/20091106/us_earns_brookfield_asset_management AP business Fri, 06 Nov 2009 21:17:27 GMT AP - Brookfield Asset Management Inc. on Friday said its third-quarter profit fell 35 percent, as revenue declined, expenses rose and the company booked a charge of more than $192 million as the value of assets declined amid the weak economy.