VIDEO: Stocks Turn Lower as Optimism About Jobs Fades

Worries about Europe, manufacturing cause Dow to drop nearly 130 points in midday trading

2011-08-05

DANIEL WAGNER AP Business Writer

A stronger jobs report wasn't enough to calm financial markets or stem concerns that the U.S. might be sliding into another recession.

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VIDEO: Unemployment Rate Drops as Economy Adds 117,000 Jobs

Good news not enough to boost stock market, however

2011-08-05

CHRISTOPHER S. RUGABER AP Economics Writer

WASHINGTON (AP) -- Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent. The modest improvement may quiet fears of another recession, but it wasn't enough to prevent another losing day on Wall Street. Read the complete article

VIDEO: Stocks Fall as Lawmakers Remain at Odds Over Debt

Investors worry about effect a default could have on interest rates

2011-07-27

CHIP CUTTER AP Business Writer

NEW YORK (AP) -- Stocks fell Wednesday as lawmakers remained at odds over how to avoid a debt default. A weak report on orders for manufactured goods also weighed on stocks. Read the complete article

A Boom in Corporate Profits, a Bust in Jobs, Wages

Millions of ordinary Americans are stranded in a labor market that looks like it's still in recession

2011-07-24

PAUL WISEMAN AP Economics Writer

WASHINGTON (AP) -- Strong second-quarter earnings from McDonald's, General Electric and Caterpillar on Friday are just the latest proof that booming profits have allowed Corporate America to leave the Great Recession far behind. Read the complete article

VIDEO: Senate Rejects House GOP Budget-Cutting Plan

Vote comes after House Speaker Boehner says he has no agreement with Obama

2011-07-22

JIM KUHNHENN Associated Press

WASHINGTON (AP) -- The Senate on Friday firmly rejected a House Republican bill to slash spending and require a balanced-budget amendment, leaving unresolved with just days to go the urgent issue of increasing the nation's borrowing powers. Read the complete article

iFraud: Entire Apple Stores Being Faked in China

China, long known for producing counterfeit gadgets, has reached a new piracy milestone

2011-07-22

LOUISE WATT Associated Press

BEIJING (AP) -- It looks almost exactly like a sleek Apple store. Sales assistants in blue T-shirts with the company's logo chat with customers. Signs advertising the iPad 2 hang on the white walls. Outside, the famous logo sits next to the words "Apple Store" - one of the few clues that the whole thing is a fake. Read the complete article

Boxing Promoter Brings Vera’s Burger Shack to Portland

Over the next three years, the agreement calls for restaurants across Oregon, Idaho and Washington

2011-07-21

Vancouver, Canada-based burger restaurant, Vera’s Burger Shack, winner of “Vancouver’s Best Burger” the last eight years running, this month announced the signing of an expansion deal which will see franchised locations opening across the US Pacific Northwest. Read the complete article

Job Openings Flat in May, a Sign of Slow Hiring

Number of employment listings remains far below pre-recession levels

2011-07-12

CHRISTOPHER S. RUGABER AP Economics Writer

WASHINGTON (AP) -- The number of job postings didn't increase in May, a sign that hiring is unlikely to pick up this summer. Employers advertised 3 million job openings, the Labor Department said. That was the same amount as in April and down from 3.1 million in March. Read the complete article

VIDEO: S&P Cuts Long-Term Outlook for US Debt to Negative

The agency expressed unprecedented doubts over the ability of Washington to bring the massive federal budget deficits under control

2011-04-18

PAUL WISEMAN AP Economics Writer

WASHINGTON (AP) -- Standard & Poor's Ratings Service downgraded its outlook Monday on the United States' sovereign debt Read the complete article

NAACP Report: Education Over Incarceration

The nation’s oldest civil rights organization is challenging America to re-evaluate its spending priorities

2011-04-17

Jasmin K. Williams Special to the NNPA from the New York Amsterdam News

Education over incarceration is the message of a report released by the NAACP Read the complete article