WASHINGTON -- A surprising drop in the unemployment rate and far fewer job losses last month cheered investors Friday and raised hopes for a sustained economic recovery.
PHILADELPHIA -- Comcast Corp. is buying control of NBC Universal from GE largely because Comcast wants to own more movies and TV shows. The point is to give it a position of strength if fewer people sign up for its cable TV services and watch more video online.
NEW YORK -- Many merchants suffered through November as a modestly positive start to the holiday shopping season wasn't strong enough to offset weak spending the rest of the month.
WASHINGTON -- Unemployment worsened or stayed the same in most metro areas in October, the Labor Department said Wednesday, as jobs remained scarce nationwide.
WASHINGTON -- The Obama administration's No. 1 job right now is to rev up economic growth and get companies to start creating jobs again, Treasury Secretary Timothy Geithner said Thursday.
WASHINGTON -- Productivity surged in the third quarter by the largest amount in six years while labor costs fell. While that indicates inflation is remaining under control, it also signals that workers' wages are getting squeezed, raising doubts about the durability of the economic recovery.
NEW YORK -- Natural gas prices have slumped well below what they were last year, and that trend will likely continue into 2010.
UNITED NATIONS -- The United Nations forecast Wednesday that the world economy will bounce back in 2010 with a global growth rate of 2.4 percent, but it warned that the recovery will be fragile.
WASHINGTON -- The economic recovery gained traction in late fall as shoppers spent a bit more and factories bumped up production. That assessment Wednesday by the Federal Reserve marked its most upbeat view since the economy tumbled into recession two years ago.
NEW YORK -- AT&T Inc. and Verizon Wireless agreed Wednesday to end lawsuits accusing each other of lying in TV ads, taking their rivalry out of the court system for now.
NEW YORK -- The stock market struggled but held its ground Wednesday as an upbeat assessment of the economy from the Federal Reserve offset drops in bank and energy stocks.
SEATTLE -- Microsoft Corp. says it's not to blame for a problem that is causing a "limited" number of Windows computers to boot up to a blank black screen.
NEW YORK -- Bank of America Corp. said Wednesday it plans to repay its $45 billion in government bailout funds in the next few days, a move that will help the troubled bank recruit a new CEO.
WASHINGTON -- Bank regulators say nearly 26 percent of U.S. households have little or no access to banking services, and the problem hits poor and minority families the hardest.
PHILADELPHIA -- The deal to give Comcast Corp. control of NBC Universal is expected to be announced Thursday morning.
WASHINGTON -- Treasury Secretary Timothy Geithner is pleased Congress has made progress in crafting legislation to impose new oversight on complex instruments blamed for hastening the financial crisis.
WASHINGTON -- As unemployment spikes, the cost of compassion is going up too.
DETROIT -- U.S. auto sales struggled to gain ground in November and big improvements aren't expected until people stop worrying about losing their jobs.
DETROIT -- General Motors Co. CEO Frederick "Fritz" Henderson stepped down Tuesday after the board determined that the company wasn't changing quickly enough.
NEW YORK -- Newspaper publisher Gannett Co. imposed a new round of cutbacks Tuesday, with USA Today reducing its newsroom staff by 5 percent, as the industry continues to suffer through an extended advertising slump.
