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Tag Archives: Recession

Economists: Nation won’t really rebound until 2012

LANSING, Mich. — In a good sign for a resurging General Motors, University of Michigan economists are forecasting a climb in motor vehicle sales over the next two years that should help bolster automakers’ fortunes. But don’t look for a ...

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Jobless claims rise but broader trend offers hope

WASHINGTON — The number of people applying for unemployment benefits barely rose last week, offering some hope that the job market may be improving. But claims need to fall further to bring down the 9.6 percent unemployment rate. Initial claims ...

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Virginia’s bay plan is headed to the EPA

RICHMOND — A revised Virginia plan to restore the Chesapeake Bay is headed to the federal government by month’s end despite mixed reviews of whether it improves on the first proposal that was universally panned by environmentalists. A group of ...

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Homebuilders hope for rebound in spring

U.S. homebuilders battered by the worst summer for home sales in a decade are already looking ahead to spring, saying they feel somewhat more optimistic about the prospect for an uptick in sales. The National Association of Home Builders said ...

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Upscale retailers are recovering more quickly

Third-quarter earnings reports from Wal-Mart Stores Inc. and Saks Fifth Avenue show the far different streets their customers are living on. Wal-Mart’s third-quarter sales in the U.S. got squeezed as its financially strapped customers dealt with dire economic straits. Saks’ ...

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Auto purchases help retail sales, but growth still slow

WASHINGTON — A surge in auto purchases helped lift retail sales in October by the largest amount in seven months. But excluding autos, retail sales rose more modestly. October marked the fourth straight increase in retail sales after declines in ...

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What happens when bank failure happens

Ben Mook wrote in Wednesday’s paper about M&T Bank’s growth spurt in the region — an expansion that includes three instances where the Buffalo, N.Y.-based bank took over small banks at the behest of federal regulators. The latest acquisition occurred ...

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