Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1203 business Economy News en-us Thu, 26 Nov 2009 05:17:10 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/ap/20091126/ap_on_bi_ge/dollar ap/20091126/dollar AP business Thu, 26 Nov 2009 05:17:10 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091126/ap_on_bi_ge/dollar"><img src="http://d.yimg.com/a/p/ap/20091125/capt.b854c5946656457e9d9b2d3347ef7c70.dollar_nybz137.jpg?x=130&y=98&q=85&sig=_KwJDYRblw.WJojJT_Q0IA--" align="left" height="98" width="130" alt="FILE - In this May 10, 2006 file photo, a one euro coin is posed on top an U.S. one dollar bill in Frankfurt, central Germany. The dollar slid to a 15-month low against the euro Wednesday, Nov. 25, 2009, as investors fled the safe haven currency on upbeat U.S. economic reports. (AP Photo/Michael Probst, File)" border="0" /></a>AP - The dollar tumbled to 14-year low against the Japanese yen Thursday after indications U.S. interest rates will remain low and that the Federal Reserve isn't overly concerned about the dollar's slide.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091126/ap_on_bi_ge/dollar"><img src="http://d.yimg.com/a/p/ap/20091125/capt.b854c5946656457e9d9b2d3347ef7c70.dollar_nybz137.jpg?x=130&y=98&q=85&sig=_KwJDYRblw.WJojJT_Q0IA--" align="left" height="98" width="130" alt="photo" title="FILE - In this May 10, 2006 file photo, a one euro coin is posed on top an U.S. one dollar bill in Frankfurt, central Germany. The dollar slid to a 15-month low against the euro Wednesday, Nov. 25, 2009, as investors fled the safe haven currency on upbeat U.S. economic reports. (AP Photo/Michael Probst, File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091126/ap_on_bi_ge/us_thanksgiving_travel ap/20091126/us_thanksgiving_travel AP business Thu, 26 Nov 2009 04:39:25 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091126/ap_on_bi_ge/us_thanksgiving_travel"><img src="http://d.yimg.com/a/p/ap/20091125/capt.c938d82b5fb04bb0b37c41b3a91a9e00.thanksgiving_travel_ax205.jpg?x=130&y=95&q=85&sig=hOqBsyZCFJvdzbXsIjWxXg--" align="left" height="95" width="130" alt="Security lines at Hartsfield-Jackson Atlanta International Airport are short Wednesday morning, Nov. 25, 2009. Millions of Americans got an early jump on their Thanksgiving travel Wednesday, with many opting to drive or take trains and buses instead of shelling out more money for flights amid a sour economy still hitting household budgets hard. (AP Photo/Dorie Turner)" border="0" /></a>AP - There's still family, turkey and football, but one Thanksgiving tradition is taking a hit this year. Millions of Americans are spending the holiday at home, saying the poor economy has made it unaffordable to hit the road or board a plane.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091126/ap_on_bi_ge/us_thanksgiving_travel"><img src="http://d.yimg.com/a/p/ap/20091125/capt.c938d82b5fb04bb0b37c41b3a91a9e00.thanksgiving_travel_ax205.jpg?x=130&y=95&q=85&sig=hOqBsyZCFJvdzbXsIjWxXg--" align="left" height="95" width="130" alt="photo" title="Security lines at Hartsfield-Jackson Atlanta International Airport are short Wednesday morning, Nov. 25, 2009. Millions of Americans got an early jump on their Thanksgiving travel Wednesday, with many opting to drive or take trains and buses instead of shelling out more money for flights amid a sour economy still hitting household budgets hard. (AP Photo/Dorie Turner)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091126/us_nm/us_usa_economy_mining nm/20091126/us_usa_economy_mining Reuters us Thu, 26 Nov 2009 01:12:14 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091126/us_nm/us_usa_economy_mining"><img src="http://d.yimg.com/a/p/rids/20091126/i/r3182764218.jpg?x=130&y=86&q=85&sig=nBJMXcsvgbjt.IDbMHue1Q--" align="left" height="86" width="130" alt="Chauncey Moran (R), vice chairman of the Yellow Dog Watershed Preserve conservation group, stands with resident Jan Zender, at the site where mining company Kennecott Eagle Minerals Company proposes mining for nickel, in Big Bay October 13, 2009. Opponents argue that the project would violate an area that is considered sacred by a local American Indian tribe and could send chemical pollution into Lake Superior, one of the Great Lakes that straddle the U.S.-Canadian border. The company defends its plans, which it says call for $350 million in spending and creating more than 200 jobs. REUTERS/Nick Carey" border="0" /></a>Reuters - Standing on the marshy ground at Eagle Rock in the remote woods of Michigan's Upper Peninsula, it's hard to imagine that beneath one's feet is a lump of nickel worth billions of dollars.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091126/us_nm/us_usa_economy_mining"><img src="http://d.yimg.com/a/p/rids/20091126/i/r3182764218.jpg?x=130&y=86&q=85&sig=nBJMXcsvgbjt.IDbMHue1Q--" align="left" height="86" width="130" alt="photo" title="Chauncey Moran (R), vice chairman of the Yellow Dog Watershed Preserve conservation group, stands with resident Jan Zender, at the site where mining company Kennecott Eagle Minerals Company proposes mining for nickel, in Big Bay October 13, 2009. Opponents argue that the project would violate an area that is considered sacred by a local American Indian tribe and could send chemical pollution into Lake Superior, one of the Great Lakes that straddle the U.S.-Canadian border. The company defends its plans, which it says call for $350 million in spending and creating more than 200 jobs. REUTERS/Nick Carey" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/us_nm/us_economy_los_angeles_shortfalls nm/20091125/us_economy_los_angeles_shortfalls Reuters us Wed, 25 Nov 2009 23:40:39 GMT Reuters - Los Angeles must take dramatic steps in coming months to bring its budget back into balance, including measures to slim the size of its government and reduce how much it spends on pensions for retired employees, the city's top budget official said on Wednesday. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/pl_nm/us_financial_regulation_usury nm/20091125/us_financial_regulation_usury Reuters politics Wed, 25 Nov 2009 23:13:42 GMT Reuters - Several congressional Democrats said on Wednesday they plan to introduce legislation next week to cap credit card interest rates. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_dubai_economy nm/20091125/us_dubai_economy Reuters business Wed, 25 Nov 2009 23:04:51 GMT Reuters - Dubai said on Wednesday two of its flagship firms planned to delay repayment on billions of dollars of debt as a first step toward restructuring Dubai World, the conglomerate that spearheaded the emirate's breakneck growth. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_go_ec_fi/us_economy ap/20091125/us_economy AP business Wed, 25 Nov 2009 22:53:31 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_go_ec_fi/us_economy"><img src="http://d.yimg.com/a/p/ap/20091116/capt.eec3c6bbffd74a81b772d5f9d058914a.caseworkers_in_danger_mico203.jpg?x=130&y=72&q=85&sig=Lpj488gA.p6TfQfIil2FRg--" align="left" height="72" width="130" alt="Michigan state Department of Human Services caseworker Sandy Satchel, foreground, works at the Family Independence Agency in Detroit, Nov. 13, 2009. As Michigan struggles with the highest-in-the-nation jobless rate, state workers who deal with unemployment, welfare and other aid programs say they have never been so overwhelmed &mdash; or so worried about their safety. (AP Photo/Carlos Osorio)" border="0" /></a>AP - A flurry of good news this week &mdash; including falling jobless claims, stronger consumer spending and higher new-home sales &mdash; suggests the economic rebound, modest though it is, might just be here to stay.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_go_ec_fi/us_economy"><img src="http://d.yimg.com/a/p/ap/20091116/capt.eec3c6bbffd74a81b772d5f9d058914a.caseworkers_in_danger_mico203.jpg?x=130&y=72&q=85&sig=Lpj488gA.p6TfQfIil2FRg--" align="left" height="72" width="130" alt="photo" title="Michigan state Department of Human Services caseworker Sandy Satchel, foreground, works at the Family Independence Agency in Detroit, Nov. 13, 2009. As Michigan struggles with the highest-in-the-nation jobless rate, state workers who deal with unemployment, welfare and other aid programs say they have never been so overwhelmed &mdash; or so worried about their safety. (AP Photo/Carlos Osorio)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_mississippi_budget ap/20091125/us_mississippi_budget AP business Wed, 25 Nov 2009 21:49:53 GMT AP - Union leader Brenda Scott worries some current state workers will be shoved into the unemployment line if Mississippi legislators adopt Gov. Haley Barbour's proposed budget. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_usa_economy_jobless nm/20091125/us_usa_economy_jobless Reuters business Wed, 25 Nov 2009 21:35:02 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_usa_economy_jobless"><img src="http://d.yimg.com/a/p/rids/20091125/i/r3032971280.jpg?x=130&y=91&q=85&sig=QEB.N8BKXvYJEPwA2O9UJg--" align="left" height="91" width="130" alt="Librarian Gary Klein looks at the jobs and other announcements posted at The Work Place, which provides comprehensive employment and career services, in Boston, Massachusetts July 2, 2009. REUTERS/Brian Snyder" border="0" /></a>Reuters - U.S. consumer spending and home sales rose more than expected in October, while new claims for jobless benefits fell sharply last week, suggesting the economic recovery was gaining traction.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_usa_economy_jobless"><img src="http://d.yimg.com/a/p/rids/20091125/i/r3032971280.jpg?x=130&y=91&q=85&sig=QEB.N8BKXvYJEPwA2O9UJg--" align="left" height="91" width="130" alt="photo" title="Librarian Gary Klein looks at the jobs and other announcements posted at The Work Place, which provides comprehensive employment and career services, in Boston, Massachusetts July 2, 2009. REUTERS/Brian Snyder" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_earns_deere ap/20091125/us_earns_deere AP business Wed, 25 Nov 2009 21:34:34 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_earns_deere"><img src="http://d.yimg.com/a/p/ap/20091125/capt.5a04814987a046e19b09c342cc114496.earns_deere_ilsp505.jpg?x=130&y=87&q=85&sig=YZdN_u1wCc6PTXZS7m_LPQ--" align="left" height="87" width="130" alt="In this photo taken Sept. 2, 2009, visitors admire the John Deere exhibits at the Farm Progress Show in Decatur, Ill. Deere and Co. said Wednesday, Nov. 25, 2009, big charges and lower sales of farm and construction equipment amid the economic downturn left it with a $223 million loss for the fourth quarter.(AP Photo/Seth Perlman)" border="0" /></a>AP - Deere and Co. says sales of tractors, combines and other agricultural mainstays slumped in the fourth quarter and it expects farmers to remain cautious about new equipment purchases because of the weak global economy.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_earns_deere"><img src="http://d.yimg.com/a/p/ap/20091125/capt.5a04814987a046e19b09c342cc114496.earns_deere_ilsp505.jpg?x=130&y=87&q=85&sig=YZdN_u1wCc6PTXZS7m_LPQ--" align="left" height="87" width="130" alt="photo" title="In this photo taken Sept. 2, 2009, visitors admire the John Deere exhibits at the Farm Progress Show in Decatur, Ill. Deere and Co. said Wednesday, Nov. 25, 2009, big charges and lower sales of farm and construction equipment amid the economic downturn left it with a $223 million loss for the fourth quarter.(AP Photo/Seth Perlman)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_usa_fed_reverses nm/20091125/us_usa_fed_reverses Reuters business Wed, 25 Nov 2009 21:14:41 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_usa_fed_reverses"><img src="http://d.yimg.com/a/p/rids/20091125/i/r1525926283.jpg?x=130&y=86&q=85&sig=WAhadWk6SeLdlmBe4ymabg--" align="left" height="86" width="130" alt="The Federal Reserve building is seen with the Washington Monument and U.S. Capitol in the background in Washington November 24, 2009. REUTERS/Yuri Gripas" border="0" /></a>Reuters - A handful of banks have told the Federal Reserve they could do more to support the central bank's exit from its emergency cash infusions if a key accounting rule was changed, according to a person familiar with the situation.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_usa_fed_reverses"><img src="http://d.yimg.com/a/p/rids/20091125/i/r1525926283.jpg?x=130&y=86&q=85&sig=WAhadWk6SeLdlmBe4ymabg--" align="left" height="86" width="130" alt="photo" title="The Federal Reserve building is seen with the Washington Monument and U.S. Capitol in the background in Washington November 24, 2009. REUTERS/Yuri Gripas" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/ts_nm/us_usa_economy_politics nm/20091125/us_usa_economy_politics Reuters topstories Wed, 25 Nov 2009 21:01:46 GMT Reuters - President Barack Obama is paying a price for a recession that began before he took office, and fellow Democrats have started to balk at his legislative agenda and demand greater efforts to create jobs. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_illinois_unemployment_metro ap/20091125/us_illinois_unemployment_metro AP business Wed, 25 Nov 2009 19:57:05 GMT AP - The jobless rate rose in most Illinois metropolitan areas in October. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_film_up_in_the_air ap/20091125/us_film_up_in_the_air AP business Wed, 25 Nov 2009 19:50:26 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_film_up_in_the_air"><img src="http://d.yimg.com/a/p/ap/20091124/capt.09812112b2e341ff970ef03307559bc2.film_review_up_in_the_air_nyet593.jpg?x=130&y=77&q=85&sig=FAuywoyHhaclWwOckvoiAw--" align="left" height="77" width="130" alt="In this film publicity image released by Paramount, George Clooney portrays Ryan Bingham in a scene from 'Up in the Air.' (AP Photo/Paramount Pictures, Dale Robinette)" border="0" /></a>AP - "Up in the Air" has undergone the rarest of flights: It was delayed for a long time and its course was altered, yet it has arrived right on time.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_film_up_in_the_air"><img src="http://d.yimg.com/a/p/ap/20091124/capt.09812112b2e341ff970ef03307559bc2.film_review_up_in_the_air_nyet593.jpg?x=130&y=77&q=85&sig=FAuywoyHhaclWwOckvoiAw--" align="left" height="77" width="130" alt="photo" title="In this film publicity image released by Paramount, George Clooney portrays Ryan Bingham in a scene from 'Up in the Air.' (AP Photo/Paramount Pictures, Dale Robinette)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_usa_fed_directors nm/20091125/us_usa_fed_directors Reuters business Wed, 25 Nov 2009 18:44:41 GMT Reuters - The Federal Reserve said on Wednesday it will no longer allow directors at regional Fed banks to own shares in financial firms, following controversy over a former Goldman Sachs CEO who bought that firm's stock while leading the New York Fed's Board. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_fed_conflicts_of_interest ap/20091125/us_fed_conflicts_of_interest AP business Wed, 25 Nov 2009 18:04:05 GMT AP - The Federal Reserve on Wednesday tightened the conflict of interest restrictions governing the boards of directors of its 12 regional banks. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_economy_countries_glance ap/20091125/us_economy_countries_glance AP business Wed, 25 Nov 2009 17:54:26 GMT AP - A look at economic developments and activity in major stock markets around the world Wednesday: http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_bankruptcy_filings ap/20091125/us_bankruptcy_filings AP business Wed, 25 Nov 2009 17:21:16 GMT AP - Bankruptcy filings in federal courts jumped by more than one-third this year, as businesses and individuals struggled to regain their footing in a weakened economy. http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_tiffany nm/20091125/us_tiffany Reuters business Wed, 25 Nov 2009 17:09:56 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_tiffany"><img src="http://d.yimg.com/a/p/rids/20091125/i/r951156863.jpg?x=130&y=83&q=85&sig=DRXztZr89q6dqst3Ec3.xQ--" align="left" height="83" width="130" alt="A woman walks out of the Tiffany & Co store on Fifth Avenue in New York October 8, 2009. REUTERS/Lucas Jackson" border="0" /></a>Reuters - Tiffany & Co , which resisted the temptation to deeply discount its jewelry in the recession, posted earnings showing its upscale shoppers around the world are coming back to life.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20091125/bs_nm/us_tiffany"><img src="http://d.yimg.com/a/p/rids/20091125/i/r951156863.jpg?x=130&y=83&q=85&sig=DRXztZr89q6dqst3Ec3.xQ--" align="left" height="83" width="130" alt="photo" title="A woman walks out of the Tiffany & Co store on Fifth Avenue in New York October 8, 2009. REUTERS/Lucas Jackson" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20091125/ap_on_bi_ge/us_louisiana_unemployment ap/20091125/us_louisiana_unemployment AP business Wed, 25 Nov 2009 16:33:25 GMT AP - Louisiana lost 1,900 nonfarm jobs in October and 44,000 over the last year, with big hits in manufacturing and in the trade, transportation, and utilities sector, the state Workforce Commission reported.