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Yahoo! News: Economy News
Updated : Mon, 01 Dec 2008 18:54:08 GMT

It's official: US is in recession (AP)

In thgis Nov. 18, 2008 file photo, Paul Nawrocki, from Beacon, N.Y., wears a sign as he looks for work near the David Letterman studios in New York. The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. (AP Photo/Bebeto Matthews, File)AP - The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday.



Publ.Date : Mon, 01 Dec 2008 18:36:38 GMT

Europe mulls spending hikes as world factories slow (Reuters)

Workers wearing T-shirts with company slogans at Siemens MR Center located at the Shenzhen High-Tech Industrial Park in the southern Chinese city of Shenzhen in Guangdong province, November 25, 2008. (Bobby Yip/Reuters)Reuters - European leaders clashed on Monday over how much public money to spend on battling recession as data showed factories were slashing output in the United States, Europe and China.



Publ.Date : Mon, 01 Dec 2008 16:09:58 GMT

October construction spending drops 1.2 percent (AP)

Graphic charts construction spending for the past 13 months; 1 c x 2 1/2 in; 46.5 mm x 63.5 mmAP - Construction spending fell by a larger-than-expected amount in October, another indication that problems facing the builders of homes, hotels and other projects are deepening and likely to persist.



Publ.Date : Mon, 01 Dec 2008 18:22:10 GMT

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