Highlights
A collection of news and information related to Market and Exchange published by Tribune Company sources.
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European Central Bank, Bank of England under pressure to cut rates aggressively
AP Business WriterLONDON (AP) _ Europe's two main central banks are under mounting pressure to cut interest rates aggressively Thursday after a run of dismal economic data this week indicated the economic slump will be deeper and more prolonged than previously expected....Tags: Money and Monetary Policy, Central Bank, Inflation and Deflation, Petroleum Industry
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Joining the euro looks a better option; currency becomes a safe haven in global economy storm
AP Business WriterBRUSSELS, Belgium (AP) _ One small island nation on the northwestern edge of Europe is counting its blessings. Like Iceland, its banks threw cash at investors eager to buy businesses and properties across the European Union. But the luck of the Irish is...Tags: National Government, Nicolas Sarkozy, European Union, Financial Markets, Globalization
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UK government says it's not considering joining the euro
LONDON (AP) _ The British government is not considering adopting the euro currency, despite a statement by the head of the European Commission, Prime Minister Gordon Brown's spokesman said Monday. Spokesman Michael Ellam's statement came in response to...Tags: Heads of State, Money and Monetary Policy, Gordon Brown, National Government, Foreign Exchange Market
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Falling prices have benefits, but also dangers
Special to The Morning CallWhen prices fall for clothes, gasoline and other goods and services, it's good news for consumers who are facing increasing financial pressure in an ailing economy. Consumer prices fell by 1 percent last month compared with September, mostly because of...Tags: Prices, Energy, Cheese, Economic Policy, Petroleum Industry
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China's manufacturing slows in November as downturn deepens; food price controls lifted
AP Business WriterBEIJING (AP) _ China's manufacturing activity contracted sharply in November as a downturn in the world's fourth-largest economy worsened, raising the threat of politically volatile job losses, according to data reported Monday. Also Monday, the...Tags: Job Layoffs, Hu Jintao, Parties and Movements, Sales, Inflation and Deflation
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Outlook for food prices: No relief
New York Times News ServiceNew York Times News Service For more than a year, food manufacturers have been shaving package sizes and raising prices, declaring that they had little choice because of unprecedented increases in the cost of raw ingredients like corn, soybeans and...Tags: Prices, Restaurant and Catering Industry, Consumer Confidence, Dining and Drinking, Restaurants
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Dollar falls, gold rises in Europe
LONDON (AP) _ The U.S. dollar was lower against other major currencies in European trading Thursday morning. Gold rose. The euro traded at $1.2943, up from $1.2899 late Wednesday in New York. Later, in midday trading in New York, the euro fetched $1....Tags: Foreign Exchange Market
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Gas price bust is a boon, but will it stick?
Those dreaded trips to service stations this summer to get gas at more than $4.50 a gallon were repeated body blows to consumer confidence, but the dramatic collapse of prices may help resurrect buying habits and salve the sagging economy. Gasoline not...Tags: Missouri, New York Mercantile Exchange, AAA, Thanksgiving, Economic Policy
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Drop in consumer prices is record
Of The Associated PressConsumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount. The Labor Department said Wednesday that consumer prices fell by 1 percent last month, the biggest one-month decline on...Tags: Prices, Energy, Petroleum Industry, $700 Billion Bank Bailout, Money and Monetary Policy
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Business Briefing - November 12, 2008
CONSUMER SPENDING FEARS SINK STOCKS NEW YORK | Wall Street got another dose of painful reality Tuesday and stocks dived as investors recognized that few industries are safe from the consumer spending slump -- whether they're building homes, making cars...Tags: Car Safety Tips and Advice, Economic Indicator, Homes, AAA, Petroleum Industry
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Business Briefing - November 19, 2008
BOSCOV'S BANKRUPTCY SALE NEAR COMPLETION WILMINGTON, Del. | A bankruptcy court hearing on Tuesday brought the proposed sale of Reading-based Boscov's, the regional department store chain, one step closer to completion, with a final sale order up for...Tags: Prices, Bankruptcy, New York Mercantile Exchange, Ohio, Energy
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Federal Reserve sees recession to at least mid-2009
Los Angeles Times WritersAlthough consumers got some welcome news Wednesday about the prices they pay, the clouds over the economy loomed larger than ever. The Federal Reserve warned that a recession believed already to be underway could last until mid-2009 or later. That's...Tags: Prices, Economic Indicator, Moody's Corporation, Energy, Petroleum Industry
Dec 3, 2008
|Story| Associated Press
Dec 3, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
Nov 30, 2008
|Story| Allentown Morning Call
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Chicago Tribune
Nov 28, 2008
|Story| Associated Press
Nov 27, 2008
|Story| Los Angeles Times
Nov 20, 2008
|Story| Allentown Morning Call
Nov 12, 2008
|Story| Allentown Morning Call
Nov 19, 2008
|Story| Allentown Morning Call
Nov 20, 2008
|Story| Los Angeles Times
