Economic News
20 most stressed, 20 least stressed counties
Source: The Associated Press
Here are the 20 most economically stressed counties with populations of at least 25,000 and their July 2010 Stress scores, according to The Associated Press Economic Stress Index:
1. Imperial County, Calif., 34.28
2. Yuma County, Ariz., 30.6
3. Lyon County, Nev., 26.89
4. Nye County, Nev., 25.66
5. Merced County, Calif., 25
6. Yuba County, Calif., 24.86
… Click to Read More20 most stressed, 20 least stressed counties
Source: The Associated Press
Here are the 20 most economically stressed counties with populations of at least 25,000 and their July 2010 Stress scores, according to The Associated Press Economic Stress Index:
1. Imperial County, Calif., 34.28
2. Yuma County, Ariz., 30.6
3. Lyon County, Nev., 26.89
4. Nye County, Nev., 25.66
5. Merced County, Calif., 25
6. Yuba County, Calif., 24.86
… Click to Read MoreAP analysis: Economic pain failed to ease in July
Source: The Associated Press
Americans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' monthly analysis of conditions around the country.
Nationally, unemployment, foreclosure and bankruptcy rates didn't budge from June. Yet the economic pain varied among localities, depending on their economic bases. Stress eased in counties whose work forces lean toward areas like agriculture, mining, wholesale trade and finance.
… Click to Read MoreAP analysis: Economic pain failed to ease in July
Source: The Associated Press
Americans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' monthly analysis of conditions around the country.
Nationally, unemployment, foreclosure and bankruptcy rates didn't budge from June. Yet the economic pain varied among localities, depending on their economic bases. Stress eased in counties whose work forces lean toward areas like agriculture, mining, wholesale trade and finance.
… Click to Read MoreStock futures fall on fresh European bank concerns
Source: The Associated Press
NEW YORK (AP) Stock futures slipped to start the holiday-shortened week Tuesday after some fresh concerns about the health of European banks rattled overseas markets.
European markets fell after a report said the continent's major banks have more potentially risky government debt on their books than was disclosed during stress tests earlier this year.
The dollar strengthened against the euro and investors bought U.S. Treasurys on the new Europea… Click to Read More
Stock futures fall on fresh European bank concerns
Source: The Associated Press
NEW YORK (AP) Stock futures slipped to start the holiday-shortened week Tuesday after some fresh concerns about the health of European banks rattled overseas markets.
European markets fell after a report said the continent's major banks have more potentially risky government debt on their books than was disclosed during stress tests earlier this year.
The dollar strengthened against the euro and investors bought U.S. Treasurys on the new Europea… Click to Read More
Official: Obama to back more business tax breaks
Source: The Associated Press
WASHINGTON (AP) President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of jump-starting economic growth ahead of the November elections.
An administration official said the tax breaks would save businesses $200 billion over two years, allowing companies to have more cash on hand. T… Click to Read More
Official: Obama to back more business tax breaks
Source: The Associated Press
WASHINGTON (AP) President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of jump-starting economic growth ahead of the November elections.
An administration official said the tax breaks would save businesses $200 billion over two years, allowing companies to have more cash on hand. T… Click to Read More
Burger King adds pancakes in breakfast push
Source: The Associated Press
NEW YORK (AP) Burger King is introducing nine new breakfast items including blueberry biscuits and pancake platters and planning a major breakfast marketing blitz all with an eye toward eating up some of McDonald's morning business.
The chain said the move Tuesday is its biggest introduction of new items at one time ever. It also includes iced coffee from Seattle's Best.
Chief Marketing Officer Mike Kappitt said the company has dabbled in br… Click to Read More
Burger King adds pancakes in breakfast push
Source: The Associated Press
NEW YORK (AP) Burger King is introducing nine new breakfast items including blueberry biscuits and pancake platters and planning a major breakfast marketing blitz all with an eye toward eating up some of McDonald's morning business.
The chain said the move Tuesday is its biggest introduction of new items at one time ever. It also includes iced coffee from Seattle's Best.
Chief Marketing Officer Mike Kappitt said the company has dabbled in br… Click to Read More
