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Archive for July, 2009

Upbeat earnings help socks end day with gains

Upbeat corporate earnings are giving stocks another burst of energy.



Obama: Report to show economic contraction

July 30: President Obama says the nation's gross domestic product report shows the economy contracted during the second quarter of the year but that the United States has "stepped away from the precipice." (MSNBC)President Obama says he expects Friday’s report to show the economy contracted during the second quarter of the year but says the United States has “stepped away from the precipice.”






Jobless claims rise, but trend improves

The number of newly laid-off workers filing first-time claims for jobless benefits rose last week, the government said, though the increase was mostly due to seasonal distortions.



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Joblessness up in 90 percent of metro areas

Look at the dismal trends county-by-county, stage-by-state, by sector or from an historical view.More than 90 percent of the nation’s largest metropolitan areas saw their unemployment rates climb in June from the previous month.






Eastman Kodak moves to 2nd-quarter loss

Eastman Kodak moved to a second-quarter loss as the global economic downturn hurt sales of digital cameras and other photography products.



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