by admin Published: August 26,2010
Tags: economy, stock market
Stock indexes moved lower Thursday as a drop in new claims for unemployment benefits wasn’t enough to resolve worries about the economy. The Dow Jones industrial average fell 59 points in afternoon trading, hovering just around the 10,000 level, after getting an early 45-point lift from the weekly unemployment report. Broader indexes also dipped. The early boost [...] [...]
Transwest, a Commerce City-based big rig sales and service company, plans to open a $4 million, 39,000-square-foot dealership in Fountain this November. City leaders hope that will get Fountain’s economic wheels rolling again — but more importantly, growth in the trucking industry is a good signal that the economy is recovering. Transwest bought the property near Interstate [...] [...]
by John Hazlehurst Published: August 20,2010
Tags: economy, Hazlehurst
You’re a well-paid professional with a stable job. You have deep roots in your community. Three years ago, you bought your dream house. It’s a five-bedroom, three-bath home in a new development with nearly an acre of ground. You paid a little more than $550,000 for the home, putting down $120,000 to avoid paying the [...] [...]
by Associated Press Published: August 12,2010
Tags: Auto, economy, general motors
General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it’s getting healthier as it prepares to sell stock to the public. It was the second straight quarterly profit for the Detroit automaker, which made $865 million in the first quarter, and sets the stage for GM to file paperwork soon [...] [...]
by Becky Hurley Published: August 10,2010
Tags: economy, Employment, Staffing industry
Staffing employment showed little change from June to July, according to the latest data released Friday by the U.S. Bureau of Labor Statistics. For the month, jobs filled by staffing firms, usually temporary placements, declined by only 5,600 jobs, or 0.3 percent. Despite the recent slowdown in job growth, over the past [...] [...]
by Associated Press Published: August 10,2010
Tags: economy, Federal Reserve
Federal Reserve policymakers are pondering ways to jump-start the economic recovery. The trick: making sure whatever they do or say doesn’t rattle Wall Street. Early Tuesday, stock futures retreated, following overseas markets lower after China’s economy showed some signs of slowing down. The market is certain to react to the Fed’s statement later in the day. U.S. [...] [...]
by admin Published: July 26,2010
Tags: economy, new home sales, recession
Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes. New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000, the Commerce Department said Monday. May’s number [...] [...]
by Allen Greenberg Published: July 17,2010
Tags: economy, recession, Small Business
Stocks rose for a while last week but small-business confidence hasn’t caught up, not by a long shot. Business owners remain pessimistic and it didn’t help that the Federal Reserve trimmed its latest projections for gross domestic product. GDP, it said, would rise in a range of 3 percent to 3.5 percent this year. That’s down [...] [...]
The government lowered its estimate of how much the economy grew in the first quarter of the year, noting that consumers spent less than it previously thought. Gross domestic product rose by 2.7 percent in the January-to-March period, the Commerce Department said Friday. That was less than the 3 percent estimate for the quarter that the [...] [...]
by admin Published: June 4,2010
Tags: economy, Employment, recession
Job creation by private companies grew at the slowest pace of the year in May, even while the hiring of temporary census workers drove overall payrolls up 431,000. The unemployment rate dipped to 9.7 percent as many people gave up searching for work. The Labor Department’s new employment snapshot released Friday suggested that outside of the [...] [...]
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