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Latest reports ease worries about double-dip recession
WASHINGTON — The economy may have a long way to go, but at least two big threats are fading. Economists are less worried that the U.S. will experience another round […]
FedEx 1Q profit doubles; will cut 1,700 jobs
NEW YORK — FedEx Corp. indicated Thursday that the global economic recovery remains uneven. It said strength in international shipments are driving profits, but said it will cut 1,700 jobs […]
When hiring comes, it will be at top, bottom
Whenever companies start hiring freely again, job-seekers with specialized skills and education will have plenty of good opportunities. Others will face a choice: Take a job with low pay — […]
Fed survey sees slower growth in East and Midwest
WASHINGTON — The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest. A survey the Federal Reserve released Wednesday found the […]
Recession talk quieted by improving economic data
WASHINGTON — The feeble economy exhibited a smidgen of strength Thursday, with mildly positive reports on jobs, store sales and housing. Figures released on unemployment claims, store sales and home-buying […]
Consumer spending rises 0.4 percent in July
WASHINGTON — Americans spent last month at the fastest pace in four months, helped by a jump in demand for automobiles. Consumer spending rose 0.4 percent in July after three […]
Credit card debt drops to lowest level in 8 years
NEW YORK — The amount consumers owed on their credit cards dropped to its lowest level in eight years, as cardholders continued to pay off balances in the uncertain economy. […]
Stocks fall on weak durable goods orders
NEW YORK — Stocks fell Wednesday after a disappointing report on durable goods orders added to concerns about the pace of economic recovery. The Dow Jones industrial average fell about […]
Study: Salisbury Zoo has $17M impact
SALISBURY — A recent report has put the Salisbury Zoo’s economic impact at $17 million. The study was conducted by the Salisbury University Business Economic and Community Outreach Network. The […]
Oil drops below $75 amid US economic concerns
LONDON — Oil prices dropped below $75 a barrel Friday amid mounting concerns over the pace of the U.S. economic recovery, following another batch of downbeat economic data. Benchmark crude […]
Stocks drop as jobless claims rise unexpectedly
Stocks tumbled Thursday after two disappointing economic reports renewed investors’ concerns about the pace of the recovery. The Dow Jones industrial average fell 144 points. All the major stock indexes […]
Target Corp. targets consumers with store card discounts, food
NEW YORK — Target Corp. is counting on driving customers into its stores in the coming months with two weapons: a 5 percent discount for its store credit-card holders and […]
