Archive for October, 2009
GDP up 3.5 percent; jobless claims fall
Thu Oct 29, 2009 9:11am EDT NEW YORK (Reuters) – The U.S. economy grew in the third quarter for the first time in a year as consumer spending and investment in new home-building rebounded, data showed on Thursday, unofficially ending the worst recession in 70 years. KEY POINTS: * The Commerce Department, in its first [...]
Economy finally back in gear
Government says GDP grew 3.5% in third quarter, ending a year-long string of declines and coming in better than forecasts. By Chris Isidore, CNNMoney.com senior writer Last Updated: October 29, 2009: 12:10 PM ET NEW YORK (CNNMoney.com) — The U.S. economy grew at a 3.5% annual rate in the third quarter, ending a string of [...]
Are things really getting better?
Last quarter, the economy grew by the largest amount since the summer of 2007, but there are signs that things are still getting worse. Read More at Money.CNN.com
Recession over? Nation’s GDP rises 3.5 percent in third quarter
Thursday, October 29, 2009, 10:30am EDT Baltimore Business Journal – Kansas City Business Journal The nation’s gross domestic product increased at an estimated annual rate of 3.5 percent in the third quarter, the Bureau of Economic Analysis said in an advance estimate Thursday. The data offers the strongest evidence yet that the recession that began [...]
Obama Says Small Businesses Must Be at Forefront of Recovery
By Catherine Dodge and Julianna Goldman Oct. 24 (Bloomberg) — President Barack Obama called small businesses the “engine” of the U.S. economy and said too many are still struggling to get the credit they need to operate. In his weekly address on the radio and Internet, Obama said the nation’s banks, supported by taxpayers in [...]
Obama Talks Up Small Business, Again
By Robb Mandelbaum This was evidently small business week at the White House. (At the National Small Business Week takes place in May.) In addition to the announcement directed at lending on Wednesday (extensively covered here and here), he visited a landscaping company in Connecticut with Sen. Christopher Dodd, the Democrat who happens to be [...]
Obama to refocus bailout on small businesses
By JULIE PACE and JIM KUHNHENN (Associated Press Writers) From Associated Press October 21, 2009 2:20 PM EDT LANDOVER, Md. – President Barack Obama says the government’s $700 billion financial bailout is shifting away from Wall Street giants and toward small businesses on Main Street. Obama said on Wednesday that he wants to help small [...]
Google: Worst is behind us
Online search giant reports revenue and earnings that trump Wall Street’s estimates, saying the worst of the recession is over. By David Goldman, CNNMoney.com staff writer NEW YORK (CNNMoney.com) — Google said Thursday the worst of the recession has passed, as it reported quarterly profit and sales that rose from year-earlier results and easily trounced [...]
Dow 10K Lives to Fight Another Day
By Elizabeth Trotta NEW YORK (TheStreet) — The major averages rose into the close Thursday with the Dow staying atop the psychological 10,000 level as increases in energy stocks helped to balance selling in financials. After a mostly lower session, the Dow Jones Industrial Average ultimately rose 47.08 points, or 0.5%, to 10,062.94, while the [...]
DJ industrials pass 10,000 for 1st time in a year!!
DJ comeback: Stock market’s best-known barometer passes 10,000 for 1st time in a year By Sara Lepro and Tim Paradis, AP Business Writers. Wednesday October 14, 2009 NEW YORK (AP) — The Dow Jones industrial average has reclaimed 10,000 for the first time in a year. The Dow crossed five figures in afternoon trading Wednesday, [...]