By Burton Frierson NEW YORK (Reuters) - U.S. factory activity held up to stand unchanged in July from June, managing to defy forecasts of a contraction and showing inflation pressures moderating, according to a report released on Friday. The Institute for Supply Management...
By Poornima Gupta DETROIT (Reuters UK) - U.S. auto sales plunged to a 16-year-low in July, led by a 27 percent drop at General Motors GM, as high gas prices and tight credit sent the industry into a tailspin. The sales decline was steeper than analysts...
By Glenn Somerville WASHINGTON (Reuters) - The U.S. unemployment rate hit its highest in four years during July as employers cut jobs for a seventh straight month, though less severely than predicted, a Labor Department report showed on Friday. The rising toll of...
By Poornima Gupta DETROIT (Reuters) - U.S. auto sales plunged to a 16-year-low in July, led by a 27 percent drop at General Motors Corp GM, as high gas prices and tight credit sent the industry into a tailspin. The sales decline was...
By Burton Frierson and Ross Finley NEW YORK/LONDON (Reuters UK) - Factories are struggling in countries ranging from China to Europe to the United States, while U.S. unemployment hit a four-year high, raising concerns that economies around the globe could slip into recession, according to...
By David Bailey DETROIT (Reuters) - Automakers are expected to report on Friday that U.S. auto sales fell for a ninth consecutive month in July, as the industry hits its worst showing in 15 years. It would be the longest losing streak for the industry...
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The Houston market recorded an uptick in occupancy in July; however, Houston occupancy continues to lag the major Texas markets. Houston rental rates also inched up in July, but remain towards the lower end when compared to the other major markets in Texas. July absorption in Houston was 1,090 units,...
By Christina Fincher and Jeremy Lovell LONDON (Reuters UK) - Bumper tax receipts from North Sea oil companies boosted public coffers in July but a deteriorating underlying picture left the government little hope of meeting its full-year borrowing forecast. Although July's surplus was slightly higher than...
LONDON (Reuters UK) - Bumper tax revenues from North Sea oil companies helped public finances swing into surplus in July but the government still faces an uphill battle to meet its full-year borrowing forecasts. The Office for National Statistics said on Wednesday the public sector...
By Nigel Davies LONDON (Reuters UK) - Retail sales are expected to have fallen for the second consecutive month in July as tighter credit conditions and high energy and food costs force consumers to break with their past spendthrift ways. Such a drop would add to...
By Nigel Davies LONDON (Reuters UK) - Inflation probably rose to over 4 percent in July, against the Bank of England's 2 percent target, but the Bank is unlikely to react by raising interest rates soon as the economy stalls. The Bank is facing a quandary...
By Glenn Somerville WASHINGTON (Reuters) - U.S. inflation hit a 17-year high last month, underscoring the pressure on Americans who face soaring gasoline and food costs while their job prospects dim and incomes shrink. A series of bleak reports on Thursday spotlighted the...
By Nancy Waitz WASHINGTON (Reuters) - Economists have soured on the U.S. economy's prospects for the second half of 2008 and have cut growth forecasts for next year as well, a closely watched survey released on Monday showed. While government stimulus payments helped...
NEW YORK (Reuters) - U.S. foreclosure activity in July rose 55 percent from a year earlier as a slump in once-sizzling housing markets forced yet more borrowers to default on their mortgages, according to a monthly report. Foreclosure filings -- default notices, auction...
NEW YORK (Reuters) - Capital One Financial Corp COF, one of the largest issuers of MasterCard and Visa credit cards, said on Friday more borrowers are falling behind on their auto loans, while credit metrics in its U.S. credit card portfolio ...
By Nigel Davies LONDON (Reuters UK) - The public sector net borrowing surplus was probably lower this July than a year ago as corporate tax receipts slipped, and the government finances look set to worsen further as the economy slows sharply. A Reuters poll of 17...
By Nigel Davies LONDON (Reuters UK) - The Bank of England will raise its inflation predictions and become more pessimistic about growth when it presents its new quarterly forecasts next Wednesday, according to economists polled by Reuters. The Bank faces a difficult test as inflation is...
FOOD AND BEVERAGE CLOSE-UP-8 June 2009-McDonald's Offers DreamWorks' 'Kung Fu Panda' Global Happy MealC2008 - CloseUpMedia - newsdesk@closeupmedia.com Celebrating the debut of McDonald's "Kung Fu Panda" Happy Meal promotion, McDonald's, DreamWorks Animation SKG and Conservation International are creating Panda-mania by inviting kids and families to...
New York-based face=+Bold; Omega Advisors Inc. face=-Bold; has purchased the 5.06 million units of face=+Bold; Linn Energy LLCface=-Bold; , Houston, (Nasdaq: LINE) held by private-equity investor face=+Bold; Quantum Energy Partners II LPface=-Bold; , Houston. The holding represented a 4.5% stake in the upstream MLP. The...
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