Grand Rapids Business Daily

Recession News

Bosses encouraged to cut hours instead of cutting jobs Monday, March 1, 2010 @ 12:18AMA program that encourages companies to avoid layoffs by reducing workers' hours could be expanded to nearly half of the states this year.
Signs of life in real estate? Maybe not Monday, March 1, 2010 @ 12:18AMLOS ANGELES — Home prices gained for the seventh consecutive month in December as cities on the West Coast posted the biggest rises, according to the closely watched index released last week.
VIX Tracking Junk Lets PNC See S&P 500 Gains as Pimco Says Not! Monday, March 1, 2010 @ 12:17AMThe Chicago Board Options Exchange Volatility Index , which measures the price of insuring equities against losses, trades below the average over its 20-year history, according to data compiled by Bloomberg.
Capitol briefing: News from the Kansas Statehouse Monday, March 1, 2010 @ 12:16AMNews, notes and quotes from the week that was in the Kansas legislature.
Soros Signals Gold Bubble as Goldman Predicts Record (Update1) Monday, March 1, 2010 @ 12:16AMMarch 1 (Bloomberg) -- George Soros is helping drive up gold prices by doubling his bet in a market even he considers a “bubble” as Goldman Sachs Group Inc., Barclays Capital and HSBC Holdings Plc predict more gains before it bursts.
Recession improves traffic flow Monday, March 1, 2010 @ 12:14AMIt appears traffic in the region has been easing up — a little. Driving times in the Puget Sound area fell slightly in the second half of 2009 compared with the same periods in 2007 and 2008, according to new figures from the state Department of Transportation.
Thousands of council jobs 'at risk' Monday, March 1, 2010 @ 12:14AMTens of thousands of council jobs in England could be at risk over the next five years as local authorities struggle with the fall-out from the recession, according to a survey.
Drop in sales tax revenue a hit to Sound Transit budget Monday, March 1, 2010 @ 12:14AMA drop in sales tax revenue means Sound Transit will have to do some juggling to fund its projects.
Tomkins Narrows Fiscal-year Loss, Sales Decline Monday, March 1, 2010 @ 12:14AMTomkins Narrows Fiscal-year Loss, Sales Decline
Shortage of skilled workers looms in health care, even construction Monday, March 1, 2010 @ 12:13AMJob hunters just need to hang on a little longer — providing your definition of a little longer is a few years. In 2013, skilled workers will be in high demand again.
South Carolina lieutenant governor's remarks on welfare called 'immoral' by political rival Monday, January 25, 2010 @ 7:03PMWhen things looked their darkest for Gov. Mark Sanford -- when he was in danger of being impeached for running off to Argentina to see his mistress -- his best insurance policy may well have been South Carolina's lieutenant governor, Andre Bauer.
PREVIEW: Jobs, jobs, jobs: Obama under fire forfirst State of Union Monday, January 25, 2010 @ 6:59PMWashington - Even Barack Obama's critics recognize the oratory skills that propelled him to an improbable victory in the 2008 presidential election. These will be called on again Wednesda...
Universities face a long wait for funding increase, minister says Monday, January 25, 2010 @ 6:59PMDavid Lammy warns of 'no significant upturn' for several years and urges universities to find new sources of income Universities are today warned that they face years of depressed funding, amid reductions by some in the number of degree places on offer after a £915m cut in the higher education budget. David Lammy, the higher education minister, says that universities would have to find new ...
Letters: Rational reaction to crime and its causes Monday, January 25, 2010 @ 6:58PMYour headline ( Torture of children was 'driven by boredom' , 22 January) reported what the court was told, dealing with the violent behaviour of two 10- and 11-year-old brothers against two other similarly aged children. They had had apparently "nowt to do". The sheer banality of such an idea is of course absurd. That it should even be aired in court and headlined as you have done is beyond ...
S'pore's birth-rate challenges Monday, January 25, 2010 @ 6:58PM170 fewer babies were born here last year than in 2008 – a worsening sign of Singapore’s long headache of how to boost flagging fertility rates.
BOJ May Keep Rate at 0.1%, Pledge to Fight Deflation (Update1) Monday, January 25, 2010 @ 6:58PMJan. 26 (Bloomberg) -- Bank of Japan policy makers will probably keep the benchmark interest rate near zero and commit to battling deflation as gains in the yen risk stunting the nation’s economic recovery.
Supplier News: Related News Monday, January 25, 2010 @ 6:57PM1/25/2010 - Triangle Suspension to Expand Into Southeast Triangle Suspension Systems said it plans to open a new regional distribution center to serve the southeast leaf spring and suspension market....
Obama to Propose Three-Year Freeze on Some Spending (Update2) Monday, January 25, 2010 @ 6:56PMJan. 25 (Bloomberg) -- President Barack Obama will propose a three-year freeze on federal spending outside of national security to save an estimated $250 billion over a decade as part of an effort to rein in record deficits , administration officials said.
Obama To Propose Major Spending Freeze Saving $250 Billion Monday, January 25, 2010 @ 6:55PMWhat's Your Reaction? President Barack Obama will propose a three-year freeze in discretionary, "non-security" spending as part of a budget he will unveil one week from now, a senior administration official told the Huffington Post and other reporters Monday evening.
200 businesses participating in annual expo w/ slide show Monday, January 25, 2010 @ 6:54PMUnable to display a real helicopter, Roy Harding worked Monday afternoon to promote his business, Helicopter Advantage, in other ways — mainly by hanging banners and securing stacks of magnets to distribute to potential clients.
Business : IMF chief says Asia may need capital controls Wednesday, January 20, 2010 @ 3:30AMHONG KONG - The IMF chief said on Wednesday Asia may need to erect temporary capital controls, warning of the potential for new economic bubbles as speculative money floods into the region.
PRODUCT PROFILE Wednesday, January 20, 2010 @ 3:30AMTerms and conditions apply. Interest is subject to DIRT. Bank of Ireland is regulated by the Financial Regulator. Click here for more information.
U.K. Jobless Claims Fell Most Since 2007 in December (Update3) Wednesday, January 20, 2010 @ 3:29AMU.K. unemployment fell at the fastest pace since April 2007 last month as the economy showed signs of emerging from its worst recession on record.
Morgan Stanley Says ‘Stick With the BRICs’ on Growth (Update1) Wednesday, January 20, 2010 @ 3:26AMJan. 20 (Bloomberg) -- Morgan Stanley said investors should “stick with the BRICs” and add to their holdings in China and Russia as faster economic growth will allow emerging-market stocks to catch up to developed-market gains this year.
Stock Buybacks Back in Vogue in 2010? Wednesday, January 20, 2010 @ 3:26AMShare buybacks by U.S. corporations could be back in style this year, as an improving economy makes companies more willing to loosen their purse strings to fund transactions that could reward investors with a higher share price.
Ahead of the Bell: Producer Price Index Wednesday, January 20, 2010 @ 3:25AM(AP:WASHINGTON) Inflation at the wholesale level is expected to have eased in December following a big jump in energy costs in the previous month. Economists surveyed by Thomson Reuters expect wholesale prices to be unchanged in December after a 1.8 percent surge in November.
Pub drinking game crackdown in Britain Wednesday, January 20, 2010 @ 3:25AMBar-going Britons may soon be bidding goodbye to their country's all-you-can-drink deals - as well as some of their more outlandish drinking games.
European Shares Drop; Asian Stocks, U.S. Index Futures Decline Wednesday, January 20, 2010 @ 3:24AMJan. 20 (Bloomberg) -- European shares fell as concern that China, the driver of the global recovery, may rein in stimulus measures overshadowed gains by health-care companies. Asian stocks and U.S. index futures retreated.
A sign of the times: Dan Brown's popular Wednesday, January 20, 2010 @ 3:22AMDan Brown's books continue to be as hard to borrow as they are easy to read.
Retaining women in IT Thursday, January 14, 2010 @ 2:01PMDespite improving economic data pointing to a global recovery, unemployment remains at the highest levels since 1983. For those looking for work today, risk has become an important criterion in their decision-making.
Recession Obsession: Yuca’s x2 in Los Feliz Thursday, January 14, 2010 @ 2:01PMGot Burrito? | Photo by Caleb Bacon ( @thecalebbacon ) for LAist A Recession Obsession is, 1) a meal so great that it sticks in your mind long after digestion's end, and, 2) plays nice with your sensitive wallet. Is there a better place than Los Angeles to eat a wide variety of amazing food that so happens to be inexpensive? Probably not. We're as lucky as we are well fed. We last obsessed over ...
How Wall Street boldly saved big exec bonuses Thursday, January 14, 2010 @ 2:01PMThe fat cats were supposed to get their comeuppance.
Emerson pushes, then votes against bill Thursday, January 14, 2010 @ 2:00PMAlthough U.S. Rep. Jo Ann Emerson pushed for $650,000 in funding for projects in the Eighth Congressional District, she voted against the bill.
Zacks Analyst Blog Highlights: XL Capital, Willis Group Holdings, Aviva, ACE Limited and Monsanto Company Thursday, January 14, 2010 @ 2:00PMCHICAGO----Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
Stocks, Treasuries Gain, While Euro Weakens on Economy Concern Thursday, January 14, 2010 @ 1:59PMJan. 14 (Bloomberg) -- U.S. stocks rose as technology shares climbed before Intel Corp.’s earnings, overshadowing an unexpected drop in retail sales that sent Treasuries higher.
Bleak fab tool outlook seen as IC biz slows Thursday, January 14, 2010 @ 1:59PMWhen listening to the presentations at SEMI's Industry Strategy Symposium (ISS) this week, the IC and fab tool industries are expected to see a boom year in 2010. Happy days are here again. Or are they?
Intel Forecast Tops Analysts’ Estimates as PC Market Recovers Thursday, January 14, 2010 @ 1:59PMJan. 14 (Bloomberg) -- Intel Corp. , the world’s biggest chipmaker, predicted higher first-quarter sales than analysts estimated as demand for notebook computers rebounded.
Strong quarterly results at Intel Thursday, January 14, 2010 @ 1:58PMUS chip maker Intel reports healthy figures, in a positive sign for the US technology market.
Heineman hopeful that worst is behind us Sunday, January 10, 2010 @ 5:18AMWorld-Herald News Service LINCOLN - Gov. Dave Heineman says he enters 2010 hoping that the economy has hit rock bottom and that another special session to cut the budget won't be necessary.
Britain's Labour Party begins to feel the chill Sunday, January 10, 2010 @ 5:18AMThe big freeze that has brought Siberian conditions to most of Western Europe has not excluded Britain from its glacial grip.
National studies show local jobs loss Sunday, January 10, 2010 @ 5:13AMThe closure of Rapid City's Sanmina-SCI electronics plant contributed to the state's largest industrial job loss in more than a decade, according to a national publisher of manufacturing industry news. And a separate government study shows Rapid City lost 28 percent of its manufacturing jobs in 2009.
Leaders to focus on jobs, budget | By John Fryar © 2010 Longmont Times-Call Sunday, January 10, 2010 @ 5:13AMDENVER – Proposals for reviving Colorado’s economy and fostering a job-creation climate while balancing state government’s recession-weakened budgets will dominate the Legislature’s 2010 session, Democratic and Republican leaders agree.
Maryland lawmakers plan to focus on budget, economy in upcoming session Sunday, January 10, 2010 @ 5:12AMFrederick County's state lawmakers are heading to Annapolis this week for the annual 90-day session of the Maryland General Assembly
New homes in 2010? Sunday, January 10, 2010 @ 5:10AMDAVID DONALD Staff Writer The housing market was the first to crash when the recession hit and it will probably be the last to recover as the n ...
Legislators have difficult task for 2010 session Sunday, January 10, 2010 @ 5:08AMWith grim news heading into the next legislative session, state lawmakers are going to have to deal with some of the harshest facts about the economy.
Unemployment leaves stain on 2009 Sunday, January 10, 2010 @ 5:07AMWhether the struggling economy of 2009 ends up being remembered as the Great Recession or just passes into history books as a particularly bad downturn, it was clearly the top story of 2009.
Governor asks legislators not to raise his pay Sunday, January 10, 2010 @ 5:06AMLINCOLN -- With the economy still hurting, Gov. Dave Heineman and other constitutional officers urged state senators Tuesday not to increase their salaries during the 2010 session, which begins today.
Brockville's not out of woods yet: Mayor Wednesday, January 6, 2010 @ 4:44AMThe recession may be ending, if it's not over already, but 2010 will be a bumpy ride for the city nonetheless, Mayor David Henderson believes.[...]
Mayor's hope for restraint may be wishful thinking Wednesday, January 6, 2010 @ 4:44AMMayor David Henderson strikes a useful note of caution in a new year's interview published in today's Recorder and Times. here please. It is tempting to expect 2010 to be a marked improvement over the recession-laden year just left behind.[...]
GM Cedes U.S. Market Share as Rising Demand Buoys Ford, Toyota Wednesday, January 6, 2010 @ 4:43AMJan. 6 (Bloomberg) -- General Motors Co. lost U.S. market share to Ford Motor Co. and Toyota Motor Corp. in December as the government-controlled automaker failed to take advantage of improving consumer demand.