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A collection of news and information related to Economy published by Tribune Company sources.
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From worse to bad
Last week, Congress approved an emergency plan to rescue the banking sector. That unpleasant but essential step should help keep turmoil in the financial sector from spreading. But hold the champagne. The bailout was designed to avert the worst, not...Tags: Petroleum Industry, Commodity Markets, New York Mercantile Exchange, Federal Reserve, Cato Corporation
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Oil rebounds to $90 in Asia after recession fears plunge prices to 8-month low
Associated Press WriterSINGAPORE (AP) _ Oil prices rebounded to above $90 Tuesday in Asia after plunging to an 8-month low the previous day on concerns a significant slowdown in global economic growth will undermine demand for crude. "Prices have moved so far, so fast," said...Tags: Productivity, Petroleum Industry, Commodity Markets, New York Mercantile Exchange, Energy Resources
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Hammering the message home
A quarter century ago in 1983, the banks in Israel were rapidly going down the tubes. For years the banks had been fleecing the public by selling them so-called inflation-protected dollar bonds. I had warned my daughter that the protection was an illusion...Tags: Mortgages, New York Times, George Bush, Bankruptcy, Mass Media
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Foxwoods Ousts CEO
As it lays off 700 employees, the tribe that owns Foxwoods Resort Casino is starting at the top. The tribal council said Monday that it fired Chief Executive Officer Patricia Irvin after less than a year on the job. Hired in late 2007, Irvin had her last...Tags: Mashantucket, Corporate Officers, Foxwoods Resort Casino, Government, Public Employees
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Home heating oil prices cooling off
carrie.mason-draffen@newsday.comHomeowners wringing their hands over high home heating oil prices received a sedative of sorts yesterday after crude oil prices slid below $90 a barrel. Oil had risen as high as $147 a barrel in July. Lower crude means lower heating fuel prices, which...Tags: Commodity Markets, Upstream Oil and Gas Activities, Kerosene, New York Mercantile Exchange, Long Island
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Oil drops below $90 a barrel
Associated PressOil prices plunged below $90 a barrel yesterday, coming within reach of year-ago levels as a widening financial storm spreads overseas and crimps global demand for energy. A barrel of oil has not been this cheap in eight months, suggesting that the...Tags: Commodity Markets, Petroleum Industry, New York Mercantile Exchange, Wright Express Corporation, AAA
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Iceland introduces emergency legislation to deal with financial crisis as banks falter
AP Business WriterREYKJAVIK, Iceland (AP) _ Iceland's banks face a battle for survival Tuesday after government introduced emergency legislation to give itself sweeping new powers over its collapsing financial sector. Prime Minister Geir H. Haarde warned late Monday...Tags: Credit Ratings, Bankruptcy, Central Bank, Financial Markets, Ratings
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Oil prices continue their downward slide
Of The Associated PressOil prices plunged below $90 a barrel Monday, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy. A barrel of oil has not been this cheap in eight months, suggesting that the...Tags: Commodity Markets, Petroleum Industry, Stocks, New York Mercantile Exchange, Wright Express Corporation
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SKorea's president to propose summit with China, Japan to discuss financial turmoil
SEOUL, South Korea (AP) _ South Korea's ruling party says President Lee Myung-bak will propose a summit with China and Japan to discuss how to cope with the current global economic crises. The Grand National Party says Lee told party leader Park Hee-...Tags: National Government, Lee Myung-bak, Government
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Commodities prices turn lower as financial crisis spreads to Europe, threatens global demand
AP Business WriterNEW YORK (AP) _ Commodities prices tumbled broadly Monday on growing expectations that the financial crisis pummeling world markets will dramatically reduce global demand for energy and raw materials. Gold prices shot up as investors' faith in stock...Tags: Commodity Markets, Upstream Oil and Gas Activities, New York Mercantile Exchange, Globalization, Gold and Precious Material
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John McCain, Barack Obama campaigns exchange accusations about negative advertising
Associated Press WriterASHEVILLE, N.C. (AP) _ The McCain and Obama presidential campaigns traded accusations of mudslinging Monday in the wake of new ads dredging up infamous events from 20, 30, even 40 years ago. Nancy Pfotenhauer, an adviser to the McCain campaign, said it's...Tags: Meet the Press, California, Fraud, Government, Bill Ayers
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Individual taxpayer benefits of bailout few
Did we get bailed out? We shall see. Congress finally put together a $700 billion plan to buy toxic assets from financial institutions Friday, but analysts are skeptical about whether, as a result, Americans will be able to count on keeping their jobs...Tags: Retirement, State Budgets, Government, Stock Activities, Petroleum Industry
Oct 7, 2008
|Story| Chicago Tribune
Oct 6, 2008
|Story| Associated Press
Oct 7, 2008
|Story| South Florida Sun-Sentinel
Oct 7, 2008
|Story| Hartford Courant
Oct 7, 2008
|Story| Newsday
Oct 7, 2008
|Story| Baltimore Sun
Oct 6, 2008
|Story| Associated Press
Oct 7, 2008
|Story| Allentown Morning Call
Oct 6, 2008
|Story| Associated Press
Oct 6, 2008
|Story| Associated Press
Oct 6, 2008
|Story| Associated Press
Oct 6, 2008
|Column| Chicago Tribune
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