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| | | | | | AP - The pastor accused of using a program to groom young men for sexual relationships billed the boys academy as a "rite of passage," teaching students about interest rates, Social Security and sexual control, even making them carry a card that listed three things they could be doing rather than having sex.
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| | | | | | AP - Regulators on Friday shut down small banks in Florida and Washington state, bringing to 127 the number of U.S. bank failures this year on a wave of loan defaults and economic distress. | | | | | |
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| | | | | | Reuters - China on Saturday demanded Japan apologize for holding a Chinese boat captain, showing few outward signs of softening in a dispute between the two Asian economic powers after Japan gave ground and released him.
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| | | | | | AP - CHINA CURRENCY: The House Ways and Means Committee approves a bill that would give the government the power to impose economic sanctions on China and other countries found to be manipulating their currencies to gain trade advantages. | | | | | |
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| | | | | | AP - NEW HOME SALES WEAK: New homes sold at the second-slowest pace on record in August, signaling that the housing market will remain a drag on the economy. | | | | | |
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| | | | | | AP - DURABLE GOODS: Orders to U.S. factories for durable goods fell 1.3 percent in August, the worst performance in a year, but outside of big declines in orders for airplanes and autos, durable goods rose a better-than-expected 2 percent. | | | | | |
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| | | | | | The Christian Science Monitor - President Obama, in a series of meetings at the United Nations, has sought this week to underscore his administration’s view of Asia as increasingly important to the US economy and national security. | | | | | |
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| | | | | | AP - Stocks reignite a rally as economic woes fade | | | | | |
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| | | | | | AP - Regulators have shut down a small bank in Florida, lifting to 126 the number of U.S. bank failures this year on a wave of loan defaults and economic distress. | | | | | |
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| | | | | | AP - Fed policymakers must better understand speculative buying in financial markets to help prevent another financial crisis, Federal Reserve Chairman Ben Bernanke said Friday.
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| | | | | | AFP - US stock markets reached their highest level in four months on Friday as mixed economic data offered traders a glimmer of hope that the US economy was strengthening.
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| | | | | | Reuters - The low U.S. inflation rate does not necessarily mean the economy is at high risk of a troubling downward price spiral, Richmond Federal Reserve Bank President Jeffrey Lacker said on Friday. | | | | | |
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| | | | | | Reuters - Federal Reserve Chairman Ben Bernanke acknowledged the economics profession has a lot to answer for after the financial crisis of 2007-2009, including why economists have been unable so far to engineer a healthy recovery.
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| | | | | | AP - A bill that would give the U.S. government the power to impose economic sanctions on China and other countries found to be manipulating their currencies to gain trade advantages has won approval from a key House committee. | | | | | |
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| | | | | | Reuters - Just because prices are not rising very rapidly does not mean the U.S. economy will veer into deflation, Richmond Federal Reserve Bank President Jeffrey Lacker said on Friday. | | | | | |
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| | | | | | AFP - US President Barack Obama declared Friday that Southeast Asia was becoming a positive leader on the world stage, as he convened the second US-ASEAN summit, focusing on security and economics.
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| | | | | | AP - A look at economic developments and activity in major stock markets around the world Friday: | | | | | |
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| | | | | | AP - Fall likely will hold few surprises for drivers when they fill the tanks of their mini-vans, sedans and trucks. Retail gasoline prices have fallen steadily this week and are expected to continue down, barring a hurricane that disrupts Gulf of Mexico production or a significant shift in the economy.
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| | | | | | The Christian Science Monitor - The US economy is about to take off, but not in time for House Democrats, according to Barney Frank (D) of Massachusetts, chairman of the House Financial Services Committee. That committee oversees key economic players, including the Federal Reserve and the Federal Deposit Insurance Corp. | | | | | |
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| | | | | | AP - New homes sold at the second-slowest pace on record in August, signaling that the housing market will remain a drag on the economy.
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| | | | | | Reuters - Ireland will counter a concerted attack that is threatening the euro zone by bringing its finances in order helped by a "remarkable turnaround" in the economy, the finance minister said on Friday. | | | | | |
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| | | | | | Reuters - New U.S. single-family home sales were flat in August, but the supply of houses on the market tumbled to the lowest level in 42 years, government data showed on Friday.
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| | | | | | AP - Cuba's communist leaders began laying out the details of their drive to create more free enterprise on the island on Friday, mapping out a brave new world of bosses and employees, personal accountants and a dizzying number of small-time businesses.
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| | | | | | Reuters - New U.S. single-family home sales were flat in August, but the supply of houses on the market tumbled to the lowest level in 42 years, government data showed on Friday. | | | | | |
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| | | | | | Reuters - Treasury Secretary Timothy Geithner said on Friday that America's economy remained "very tough" and that key sectors such as construction were still struggling. | | | | | |
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| | | | | | AP - U.S. companies invested last month in computers, communications equipment and machinery, boosting capital goods orders for the third time in four months. | | | | | |
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| | | | | | Reuters - New orders for long-lasting U.S. manufactured goods excluding transportation rose in August and business spending rebounded strongly, pointing to an improvement in the economy after a recent soft patch. | | | | | |
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| | | | | | Reuters - New orders for long-lasting U.S. manufactured goods excluding transportation rose in August and business spending rebounded strongly, pointing to an improvement in the economy after a recent soft patch.
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| | | | | | AP - South Africa's president says his ruling party will research a proposal from its youth league to nationalize the country's lucrative mining sector. | | | | | |
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| | | | | | Reuters - New orders for long-lasting U.S. manufactured goods fell more than expected in August to post their largest decline in a year as bookings for aircraft and motor vehicles tumbled, but business spending rebounded strongly, a government report showed on Friday. | | | | | |
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| | | | | | Reuters - Even among emerging market powerhouses, Brazil and China stand out. | | | | | |
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| | | | | | AP - German business confidence unexpectedly rose to its highest level in over three years in September as a stronger economy supported business, but the coming months are likely to be more difficult, a closely watched survey showed Friday. | | | | | |
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| | | | | | Reuters - President Barack Obama urged Chinese Premier Wen Jiabao on Thursday to take rapid steps to address a dispute over the value of China's currency and made clear the United States would protect its economic interests.
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| | | | | | Reuters - The dollar jumped against the yen on Friday on talk Japanese authorities intervened in markets for the second time in just over a week to weaken a currency they fear is undermining the economic recovery. | | | | | |
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| | | | | | AP - Oil prices dropped slightly to below $75 a barrel Friday in Asia amid mixed U.S. economic indicators suggesting the world's largest crude consumer remains mired in an uneven recovery.
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| | | | | | Reuters - Japan warned on Friday that a deepening row with China could hurt both of Asia's two biggest economies and sought to draw a line between a feud over disputed islets in the East China Sea and the detainment of four of its nationals on suspicion of entering a Chinese military zone.
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| | | | | | Reuters - California Governor Arnold Schwarzenegger and top lawmakers have a framework for an agreement on a state budget to close a $19.1 billion shortfall and they hope to reach a final deal on Monday, a spokesman for the governor said on Thursday. | | | | | |
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| | | | | | AP - Mexican mayors from cities on the U.S. border held their biannual meeting in the United States for the first time Thursday but failed to draw interest from their U.S. counterparts as they exchanged thoughts on topics ranging from illegal immigration and the environment to economic growth. | | | | | |
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| | | | | | Reuters - California Governor Arnold Schwarzenegger and top lawmakers have a framework for an agreement on a state budget and hope to reach a final deal on Monday, a spokesman for the governor said on Thursday. | | | | | |
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| | | | | | AFP - US lawmakers on Thursday approved a 30-billion-dollar fund intended to help small businesses get access to loans and boost job creation amid persistent high unemployment levels.
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| | | | | | AP - Louisiana Sen. Mary Landrieu said Thursday she will block a Senate vote to confirm the nominee to a key White House economic office to protest the six-month moratorium on deepwater oil and gas drilling in the Gulf. | | | | | |
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| | | | | | AP - CLAIMS RISE: Applications for unemployment benefits rose for the first time in five weeks, suggesting hiring is weak amid sluggish economic growth. First-time claims increased by 12,000 to 465,000, the government said Thursday. | | | | | |
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| | | | | | Reuters - Who says the U.S. recession is over? Not Treasury Secretary Timothy Geithner. And not legendary investor Warren Buffett. | | | | | |
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| | | | | | Reuters - The House of Representatives approved a $30 billion small business lending measure on Thursday, handing President Barack Obama and congressional Democrats a boost weeks before the November elections. | | | | | |
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| | | | | | AP - Billionaire Warren Buffett says the economy remains in a recession, by his definition, because most people and businesses still aren't doing as well as they were before the financial crisis. | | | | | |
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| | | | | | Reuters - President Barack Obama said in a meeting on Thursday with Chinese Premier Wen Jiabao that China needed to do more to resolve a dispute over the value of the Chinese currency, a senior U.S. official said. | | | | | |
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| | | | | | AP - WEAK FORECAST: A gauge of future economic activity rose a modest 0.3 percent in August, which predicts that slow economic growth will continue this winter. | | | | | |
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| | | | | | AP - A look at economic developments and activity in major stock markets around the world Thursday: | | | | | |
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| | | | | | AP - President Barack Obama says U.S.-China cooperation has helped to ease global financial problems, but that the two countries have more work to do on the economy. | | | | | |
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| | | | | | Reuters - China is investigating four Japanese suspected of entering a military zone and illegally videotaping military targets, Xinhua news agency said, in the latest dispute to threaten ties between Asia's biggest economies. | | | | | |
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| | | | | | Reuters - Israel should extend its settlement building moratorium and Arab states should move toward normal ties with the Jewish state to promote fledgling peace talks, President Barack Obama said on Thursday.
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| | | | | | AP - Most people don't buy big, heavy, luxury sedans for their gasoline mileage. There are many other vehicles - lower-priced, too - that excel at fuel economy.
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| | | | | | Reuters - Rolando has very big plans for the little gym he runs informally out of a garage in Havana. First he wants to legalize it, then buy new equipment and - why not? - even build a sauna. | | | | | |
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| | | | | | Reuters - Billionaire investor Warren Buffett said the U.S. economy remains in recession, disputing this week's assessment by a leading arbiter of economic activity that the downturn ended more than a year ago.
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| | | | | | AP - Ireland, struggling with a government debt crisis, looks likely to be mired in recession for a third straight year after its second-quarter gross domestic product slid against analysts' expectations.
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| | | | | | AP - A gauge of future economic activity rose modestly in August, suggesting that slow economic growth will continue this winter. | | | | | |
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| | | | | | Reuters - Existing home sales rose in August as housing markets struggled to stand unaided after the expiration of a popular tax credit for home buyers, but activity remained severely depressed from levels preceding the country's most severe downturn in modern history.
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| | | | | | AFP - The number of Americans asking for unemployment payments rose more than expected last week the government said, ending a four-week decline and cementing doubts about the health of the job market.
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| | | | | | AP - The number of laid-off workers claiming jobless benefits rose last week, a sign that hiring is weak and some employers are reducing their work forces amid weak economic growth. | | | | | |
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| | | | | | AP - The tally of newly laid-off workers requesting unemployment benefits rose last week for the first time in five weeks as the job market remains sluggish.
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