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Category Archives: Business
Dow Slides as Relief Rally Fizzles
Read More at WSJ U.S. stocks fell, erasing an early rally, as weak manufacturing data and worries that ratings firms still could downgrade the U.S. government’s credit overpowered investor relief about a debt-ceiling deal. The Dow Jones Industrial Average shed 110 points, or 0.9%, to 12033, in afternoon trading, after briefly falling below 12,000 for [...]
Posted in Business, Economy
Tagged as: Dow Jones Industrial Averages, Wall Street, WSJ.com
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Regional factories rebound, jobless claims up
Factory activity in the Mid-Atlantic region bounced back in July, lifting hopes of a pick-up in economic growth in the third quarter. However, a rise in the number of Americans filing new claims for unemployment benefits suggested the reacceleration in output would not be as strong as had previously anticipated. The Philadelphia Federal Reserve Bank [...]
Posted in Business, Economy, Federal Reserve
Tagged as: Business, Economy, Federal Reserve, Unemploymnet
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Sluggish Hiring Seen as a Threat to Recovery .
By PHIL IZZO The potential for a persistent slowdown in hiring is the biggest threat to the U.S. recovery, according to economists in the latest Wall Street Journal economic forecasting survey, as they sharply cut the number of jobs they projected the economy would create in coming months. “If jobs don’t grow fast enough, the [...]
Posted in Business, Economy, Wall Street Journal
Tagged as: Economy, U.S. economy, Unemployment, WSJ
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Moody’s Downgrades Ireland
By MARK BROWN And MARTIN VAUGHAN LONDON—Moody’s Investors Service Inc. downgraded Ireland’s government debt by two notches Friday, taking the country to the brink of junk status, and kept its outlook negative. The agency, cutting Ireland’s bond ratings to Baa3, one notch above junk, from Baa1, said it was responding to a likely deterioration in [...]
Posted in All Things Irish, Business, Euro Zone, Solid Principles, Wall Street Journal
Tagged as: Business, Euro Zone, European Markets, Ireland, Moody's
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