Economy News

10:40 AM EST
2/9/2012 Unemployment claims fall to near four-year lowInitial unemployment claims fell by 15,000 to 359,000 during the latest week, a level near the four-year low hit in January, the Labor Department reported Thursday. The number was better than economists' expectations for 370,000, down from the prior week's 373,000.

Source:AHN Topics:Economy, Business And Finance, Economy, Labor, Unemployment

10:00 AM EST
2/9/2012 States reach $25 billion mortgage deal with big banksMore than 2 million American homeowners will get at least $25 billion in relief from the biggest banks in the United States as part of a broad settlement announced late Wednesday. The agreement marks the broadest effort to date to help borrowers who owe more than their houses are worth.

Source:AHN Topics:Crime, Law And Justice, Corporate Crime, Economy, Business And Finance, Economy

2:38 PM EST
2/7/2012 New York taxis add smartphone shopping during Fashion WeekNew York Fashion Week is pulling out all the stops and adding some high-tech techniques including smartphone shopping via cab rides.

Source:AHN Topics:Arts, Culture And Entertainment, Fashion, Economy, Business And Finance, Economy, Science And Technology, Technology

12:51 PM EST
2/7/2012 Swiss banking giant UBS sees profits plunge on weak businessProfits slumped by a whopping 76 percent at UBS, Switzerland’s largest bank, during the last quarter, with profits for all of 2011 down by 44 percent from 2010.

Source:AHN Topics:Economy, Business And Finance, Company Information, Quarterly Or Semiannual Financial Statement, Financial And Business Service, Banking, Economy

10:27 AM EST
2/3/2012 Employers added 243,000 jobs in JanuaryEmployers added 243,000 jobs in January, an increase over the 203,000 jobs added in December, the U.S. Department of Labor reported on Friday. Hiring was stronger than expected and many economists were surprised.

Source:AHN Topics:Labor, Employment, Economy, Business And Finance, Economy, Unemployment

3:19 PM EST
2/2/2012 Challenger: January brought increase in job cutsPlanned job cuts by employers for January totaled 53,486, an increase of 28 percent from December, according to a report from outplacement consulting firm Challenger, Gray & Christmas.

Source:AHN Topics:Labor, Unemployment, Economy, Business And Finance, Economy, Employment

12:04 PM EST
2/2/2012 Initial unemployment claims continue slow improvementInitial unemployment claims fell by 12,000 during the week ending Jan. 28 to 367,000 from the previous week’s tally of 379,000. The less volatile four-week moving average was 375,750, down by 2,000 from the previous week's revised average of 377,750.

Source:AHN Topics:Labor, Unemployment, Economy, Business And Finance, Economy, Employment

10:41 AM EST
2/1/2012 ADP report shows private sector added 170,000 jobs in JanuaryHiring slowed in January, with private sector companies adding only 170,000 jobs to the economy, according to a report by payroll processor ADP. Moreover, hiring in December was weaker than previously reported.

Source:AHN Topics:Labor, Employment, Economy, Business And Finance, Economy, Business

10:32 AM EST
2/1/2012 Sitting pretty: Gaza renews furniture exportsA small shipment of household furniture from the Gaza Strip could point the way to a new source of jobs and economic growth in the Palestinian Territory.

Source:TML Topics:Economy, Business And Finance, Economy, Unrest, Conflicts And War, Conflict

12:15 PM EST
1/31/2012 Home prices continue to fallHome prices in November continued their fall from the bubble-high prices of 2006, dropping by 1.3 percent compared to October, according to the latest S&P/Case-Shiller 20-city report. Sales prices fell for the second consecutive month in 19 of the 20 cities the index covers.

Source:AHN Topics:Economy, Business And Finance, Construction And Property, Real Estate, Economy