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Berkshire Hathaway says 3Q profit triples to $3.2B (AP)
US Economy News - Yahoo! News - Sat, 07 Nov 2009 01:31:46 GMT
FILE - In this May 2, 2009 file photo, Berkshire Hathaway CEO Warren Buffett speaks to a reporter prior to the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company said Friday Nov. 6, 2009 that its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts. (AP Photo/Nati Harnik, file)

Stocks eye retailers as jobless ranks swell (Reuters)
US Economy News - Yahoo! News - Fri, 06 Nov 2009 23:59:07 GMT
Traders work on the floor of the New York Stock Exchange moments before the closing bell on November 5. Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the year.(AFP/Getty Images/File/Spencer Platt)

Obama signs bill assisting homebuyers, jobless (AP)
US Economy News - Yahoo! News - Fri, 06 Nov 2009 23:56:36 GMT
White House Press Secretary Robert Gibbs speaks during the daily briefing at the White House in Washington, Friday, Nov. 6, 2009. (AP Photo/Susan Walsh)

What recovery? Unemployment shoots past 10 percent (AP)
US Economy News - Yahoo! News - Fri, 06 Nov 2009 23:39:33 GMT
Jose Betancourt, 57, talks to a reporter outside the South Florida Workforce office in Miami, Friday, Nov. 6, 2009. Betancourt spends two hours on buses to get to a South Florida Workforce career center in the Miami area, a couple of times a week, to get job training. He's been out of work since July after being let go from his job as a supermarket maintenance worker and lives on about $600 a month in unemployment benefits. That barely pays for the rent for his tiny efficiency, food and utilities. The unemployment rate has surpassed 10 percent for the first time since 1983 and is likely to go higher. (AP Photo/Alan Diaz)

Jobless in RI can now get benefits up to 99 weeks (AP)
US Economy News - Yahoo! News - Fri, 06 Nov 2009 22:26:31 GMT
AP - Unemployed Rhode Islanders can now collect jobless benefits for up to 99 weeks.

Obama weighs steps to spur jobs, wary on deficit (Reuters)
US Economy News - Yahoo! News - Fri, 06 Nov 2009 22:09:48 GMT
U.S. President Barack Obama pauses as he speaks about the economy in the Rose Garden of the White House in Washington, November 6, 2009. REUTERS/Larry Downing

Meltdown 101: When unemployment last hit 10 pct (AP)
US Economy News - Yahoo! News - Fri, 06 Nov 2009 21:49:03 GMT
UPDATE adds alternative figures for consistency: graphic shows demographics of the unemployed in 1982 and

Dollar choppy after unemployment tops 10 percent (AP)
US Economy News - Yahoo! News - Fri, 06 Nov 2009 21:46:26 GMT
AP - The safe-haven dollar got an immediate boost Friday after the government said the U.S. unemployment rate rose above 10 percent, but then gave back its gains in choppy trading as investors figured that a weak economy meant the Federal Reserve would keep interest rates at their current near-zero range for a long time.

Obama will push economic rebalancing on China trip (Reuters)
US Economy News - Yahoo! News - Fri, 06 Nov 2009 21:33:39 GMT
Reuters - U.S. President Barack Obama will seek to reinforce the U.S. desire for more balanced global growth during his trip to Asia this month, administration officials said on Friday.

Brookfield Asset Management 3rd-qtr profit falls (AP)
US Economy News - Yahoo! News - Fri, 06 Nov 2009 21:17:27 GMT
AP - Brookfield Asset Management Inc. on Friday said its third-quarter profit fell 35 percent, as revenue declined, expenses rose and the company booked a charge of more than $192 million as the value of assets declined amid the weak economy.

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References:
i. Small Business Encyclopedia - Libraryo.com
ii. Encyclopedia of Business and Finance - Libraryo.com


   

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