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Tag Archives: Recession

Dow falls more than 400 points on fears about economy

NEW YORK — Stocks have closed sharply lower after investors sold stocks with abandon, convinced that the U.S. and the world are headed for a new recession. The Dow Jones industrial average fell as much as 527 points, the second ...

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Wall Street sharply lower on fears about economy

NEW YORK — Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession. The Dow Jones industrial average fell ...

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Newsmakers: Howard County Executive Ken Ulman

Howard County Executive Ken Ulman spoke to reporters and and editors at The Daily Record in an exclusive interview about Maryland's broadband initiative, transportation issues and how the county is trying to bounce back from economic recession.

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Business inventories and sales rose July

WASHINGTON — Businesses added to their stockpiles in July for a 19th straight month and their sales increased by the most since March. The Commerce Department says business inventories rose 0.4 percent in July following a similar gain in June. ...

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Service firms grew at slightly faster pace

WASHINGTON — Service firms that employ 90 percent of the U.S. work force expanded at a slightly faster pace in August. But the sector remains too weak to help an economy that is barely growing and struggling to create jobs. ...

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Experts downbeat on global economy

CERNOBBIO, Italy — Business leaders and finance experts gathered in Italy offered a downbeat assessment of the global economy Friday — with several predicting another recession due to a calamitous cocktail of sluggish growth, eurozone dysfunction, and financial market volatility. ...

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Employers add no net jobs in Aug.; rate unchanged

WASHINGTON — Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession. The government also reported that the unemployment rate remained at 9.1 percent. It ...

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