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Tag Archives: recovery

More people applied for unemployment benefits last week

WASHINGTON — More people sought unemployment benefits last week, the second rise in three weeks, a sign the job market’s recovery is slow and uneven. Applications for unemployment benefits jumped 25,000 to a seasonally adjusted 429,000 for the week ending ...

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Business inventories and sales rise in January

WASHINGTON (AP) — Businesses added to their stockpiles in January for a 13th consecutive month and total sales rose by the largest amount in 10 months. Business inventories rose 0.9 percent in January, the Commerce Department said Friday. Sales for ...

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Johansson: Economy is turning around — just not fast enough

While poised to lead the economic rebound, Maryland has holes in its game it must shore up if the state is to retain its front-running role in a global economy driven by high-tech innovation, the state’s top economic development official ...

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Obama sets mission for new team: Accelerate growth

WASHINGTON — His presidency tied to the fate of the economy, Barack Obama is revamping his economic policy team and signaling cooperation to ascendant Republicans and the business community at a pivotal moment in the nation’s recovery and Washington politics. ...

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Fed boss Bernanke: It will take years for jobs to come back

WASHINGTON — Federal Reserve Chairman Ben Bernanke told Congress Friday that there is increasing evidence that a “self-sustaining” economic recovery is taking hold, but he said the Fed’s $600 billion Treasury bond-buying program is still needed because it will take ...

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Caterpillar’s purchase of Bucyrus spotlights M&As

Big deals are a big deal again. From Caterpillar to Chevron to Google, some of the best-known names in corporate America are scooping up smaller companies, finally putting the piles of cash they’ve been sitting on to use and positioning ...

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