Economy News Headlines - Yahoo! News

http://news.yahoo.com/economy/ Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.en-USCopyright (c) 2012 Yahoo! Inc. All rights reservedSat, 27 Oct 2012 19:15:38 -04005http://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gifNEW PHILADELPHIA, Ohio (Reuters) - Republican vice presidential candidate Paul Ryan told an Ohio rally on Saturday about a friend's financial hardship, but his party's narrative that President Barack Obama has failed on the U.S. economy may be a difficult sell in the crucial battleground state. "I've got a buddy who was making 25 (dollars) an hour who went to make 9 dollars an hour as a cashier at a gas station temporarily with no benefits. That's the story of the American economy right now," Ryan told a crowd of 1,000 people at an excavator factory. ...http://news.yahoo.com/economic-hardship-argument-tough-sell-ryan-ohio-231538744.htmlSat, 27 Oct 2012 19:15:38 -0400Reuterseconomic-hardship-argument-tough-sell-ryan-ohio-231538744<p><a href="http://news.yahoo.com/italys-berlusconi-says-plans-stay-politics-122607229--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/NTs0Iz3_Uznhn0fiG8u8GQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-27T205422Z_1_CBRE89Q1M2Q00_RTROPTP_2_ITALY-BERLUSCONI-POLITICS.JPG" width="130" height="86" alt="Italy&#039;s former Prime Minister Silvio Berlusconi gestures as he speaks during a news conference at Villa Gernetto in Gerno" align="left" title="Italy&#039;s former Prime Minister Silvio Berlusconi gestures as he speaks during a news conference at Villa Gernetto in Gerno" border="0" /></a>ROME (Reuters) - Former Prime Minister Silvio Berlusconi said on Saturday his centre-right bloc may withdraw its support from the government of Mario Monti, a move that could throw Italy into political chaos ahead of next April&#039;s national elections. &quot;We have to recognize the fact that the initiative of this government is a continuation of a spiral of recession for our economy,&quot; Berlusconi told a news conference in northern Italy a day after he was convicted and sentenced to four years for tax fraud related to his Mediaset media empire. ...</p><br clear="all"/>http://news.yahoo.com/italys-berlusconi-says-plans-stay-politics-122607229--finance.htmlSat, 27 Oct 2012 16:54:22 -0400Reutersitalys-berlusconi-says-plans-stay-politics-122607229--finance<p><a href="http://news.yahoo.com/italys-berlusconi-says-plans-stay-politics-122607229--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/NTs0Iz3_Uznhn0fiG8u8GQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-27T205422Z_1_CBRE89Q1M2Q00_RTROPTP_2_ITALY-BERLUSCONI-POLITICS.JPG" width="130" height="86" alt="Italy&#039;s former Prime Minister Silvio Berlusconi gestures as he speaks during a news conference at Villa Gernetto in Gerno" align="left" title="Italy&#039;s former Prime Minister Silvio Berlusconi gestures as he speaks during a news conference at Villa Gernetto in Gerno" border="0" /></a>ROME (Reuters) - Former Prime Minister Silvio Berlusconi said on Saturday his centre-right bloc may withdraw its support from the government of Mario Monti, a move that could throw Italy into political chaos ahead of next April&#039;s national elections. &quot;We have to recognize the fact that the initiative of this government is a continuation of a spiral of recession for our economy,&quot; Berlusconi told a news conference in northern Italy a day after he was convicted and sentenced to four years for tax fraud related to his Mediaset media empire. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/obama-administration-looking-tax-cut-washington-post-030554311.html"><img src="http://l1.yimg.com/bt/api/res/1.2/sUMTC0yZKgxHxLJI2DDa5w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-27T190950Z_1_CBRE89Q08N600_RTROPTP_2_USA-CAMPAIGN.JPG" width="130" height="86" alt="U.S. President Barack Obama waves to supporters after speaking at a campaign rally in Las Vegas" align="left" title="U.S. President Barack Obama waves to supporters after speaking at a campaign rally in Las Vegas" border="0" /></a>ABOARD AIR FORCE ONE (Reuters) - President Barack Obama will continue to push for middle-class tax cuts as part of his economic agenda, but the White House is not considering a specific new tax cut plan at this time, a spokesman for Obama said on Saturday. &quot;Moving forward, the president does believe that cutting taxes for middle class families is an important part of his economic agenda. It is something he&#039;ll continue to push for,&quot; White House spokesman Josh Earnest told reporters. ...</p><br clear="all"/>http://news.yahoo.com/obama-administration-looking-tax-cut-washington-post-030554311.htmlSat, 27 Oct 2012 15:09:50 -0400Reutersobama-administration-looking-tax-cut-washington-post-030554311<p><a href="http://news.yahoo.com/obama-administration-looking-tax-cut-washington-post-030554311.html"><img src="http://l1.yimg.com/bt/api/res/1.2/sUMTC0yZKgxHxLJI2DDa5w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-27T190950Z_1_CBRE89Q08N600_RTROPTP_2_USA-CAMPAIGN.JPG" width="130" height="86" alt="U.S. President Barack Obama waves to supporters after speaking at a campaign rally in Las Vegas" align="left" title="U.S. President Barack Obama waves to supporters after speaking at a campaign rally in Las Vegas" border="0" /></a>ABOARD AIR FORCE ONE (Reuters) - President Barack Obama will continue to push for middle-class tax cuts as part of his economic agenda, but the White House is not considering a specific new tax cut plan at this time, a spokesman for Obama said on Saturday. &quot;Moving forward, the president does believe that cutting taxes for middle class families is an important part of his economic agenda. It is something he&#039;ll continue to push for,&quot; White House spokesman Josh Earnest told reporters. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/minister-germany-close-balanced-budget-2013-145522088--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/XOsMhwDY9o5GvMzlS.R4_Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/0ffa9100160cfe1e1e0f6a7067000956.jpg" width="130" height="86" alt="German Finance Minister Wolfgang Schaeuble smiles as he sits in the German Federal Parliament in Berlin, Germany, Thursday, Oct. 25, 2012. The Parliament discusses and votes over a tax treaty between Germany and Switzerland. (AP Photo/Gero Breloer)" align="left" title="German Finance Minister Wolfgang Schaeuble smiles as he sits in the German Federal Parliament in Berlin, Germany, Thursday, Oct. 25, 2012. The Parliament discusses and votes over a tax treaty between Germany and Switzerland. (AP Photo/Gero Breloer)" border="0" /></a>Germany&#039;s finance minister says the government will come close to balancing its budget next year as economic growth outpaces public spending.</p><br clear="all"/>http://news.yahoo.com/minister-germany-close-balanced-budget-2013-145522088--finance.htmlSat, 27 Oct 2012 10:55:22 -0400Associated Pressminister-germany-close-balanced-budget-2013-145522088--finance<p><a href="http://news.yahoo.com/minister-germany-close-balanced-budget-2013-145522088--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/XOsMhwDY9o5GvMzlS.R4_Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/0ffa9100160cfe1e1e0f6a7067000956.jpg" width="130" height="86" alt="German Finance Minister Wolfgang Schaeuble smiles as he sits in the German Federal Parliament in Berlin, Germany, Thursday, Oct. 25, 2012. The Parliament discusses and votes over a tax treaty between Germany and Switzerland. (AP Photo/Gero Breloer)" align="left" title="German Finance Minister Wolfgang Schaeuble smiles as he sits in the German Federal Parliament in Berlin, Germany, Thursday, Oct. 25, 2012. The Parliament discusses and votes over a tax treaty between Germany and Switzerland. (AP Photo/Gero Breloer)" border="0" /></a>Germany&#039;s finance minister says the government will come close to balancing its budget next year as economic growth outpaces public spending.</p><br clear="all"/>JOHANNESBURG (Reuters) - Workers have reached a deal with Anglo American Platinum to reinstate 12,000 miners sacked for an illegal strike, which could end the last big industrial action that has rocked South Africa's massive mining sector. Months of often violent wildcat strikes have cut production in the platinum and gold sectors, raising concerns about slowing economic growth as well as awkward questions about President Jacob Zuma's management of the most damaging labor strife since the end of apartheid in 1994. ...http://news.yahoo.com/south-african-mine-strikes-wind-down-amplats-deal-123300945--finance.htmlSat, 27 Oct 2012 10:35:12 -0400Reuterssouth-african-mine-strikes-wind-down-amplats-deal-123300945--financeBERLIN (Reuters) - MAN SE plans to halt production of heavy-duty vehicles for four weeks at two German factories as the economic downturn curbs demand from freight transporters and construction firms, company sources said. Stoppages at MAN will affect about 15,000 workers and initially be limited to five days starting on Monday, paralyzing headquarters in Munich and another plant in Salzgitter, the two sources said on Saturday on condition they not be identified because the matter is confidential. ...http://news.yahoo.com/man-se-halt-truck-production-4-weeks-sources-143407387--finance.htmlSat, 27 Oct 2012 10:34:07 -0400Reutersman-se-halt-truck-production-4-weeks-sources-143407387--financeBUDAPEST (Reuters) - Hungary's government will take over 612 billion forints ($2.8 billion) of local government debt in a bid to give debt-laden municipalities a fresh start, Prime Minister Viktor Orban said on Saturday. Local governments in Hungary, the most indebted among the European Union's eastern nations, have struggled with a debt stock of well over 1.2 trillion forints ($5.5 billion) and many have warned they could become insolvent by early next year. The debt, taken on in the years of economic growth, often financed projects that added little to Hungary's productivity, Orban said. ...http://news.yahoo.com/hungary-government-2-8-billion-municipal-debt-135304788--business.htmlSat, 27 Oct 2012 09:53:04 -0400Reutershungary-government-2-8-billion-municipal-debt-135304788--businessNEW YORK/TORONTO (Reuters) - Moody's Investors Service warned on Friday it could cut its ratings on five top Canadian banks on concerns about a softening economy and volatile capital markets, a blow to a banking system named the soundest in the world four years in a row. But the outlook for the sector is no longer as rosy, Moody's said, because of the risks presented by the macroeconomic environment and a business mix that leans heavily on domestic mortgages and other consumer lending. ...http://news.yahoo.com/moodys-warns-may-downgrade-five-big-canadian-banks-124430884--business.htmlSat, 27 Oct 2012 08:44:30 -0400Reutersmoodys-warns-may-downgrade-five-big-canadian-banks-124430884--business<p><a href="http://news.yahoo.com/amplats-reinstate-workers-africa-operations-union-081452571--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/3OjEibmWVl5fe5vA4gw3gw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-10-27T081452Z_1_AJOE89Q0MWV00_RTROPTP_2_OZATP-SAFRICA-STRIKES-AMPLATS-20121027.JPG" width="130" height="86" alt="Striking platinum miners march near the Anglo-American Platinum (AMPLATS) mine near Rustenburg in South Africa&#039;s North West Province" align="left" title="Striking platinum miners march near the Anglo-American Platinum (AMPLATS) mine near Rustenburg in South Africa&#039;s North West Province" border="0" /></a>JOHANNESBURG (Reuters) - Workers have reached a deal with Anglo American Platinum to reinstate 12,000 miners sacked for an illegal strike, which could end the last big industrial action rocking South Africa&#039;s mining sector. Months of often violent wildcat strikes have cut production in the platinum and gold sectors, raising concerns about slowing economic growth as well as awkward questions about President Jacob Zuma&#039;s management of the most damaging labour strife since the end of apartheid in 1994. ...</p><br clear="all"/>http://news.yahoo.com/amplats-reinstate-workers-africa-operations-union-081452571--finance.htmlSat, 27 Oct 2012 08:41:56 -0400Reutersamplats-reinstate-workers-africa-operations-union-081452571--finance<p><a href="http://news.yahoo.com/amplats-reinstate-workers-africa-operations-union-081452571--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/3OjEibmWVl5fe5vA4gw3gw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-10-27T081452Z_1_AJOE89Q0MWV00_RTROPTP_2_OZATP-SAFRICA-STRIKES-AMPLATS-20121027.JPG" width="130" height="86" alt="Striking platinum miners march near the Anglo-American Platinum (AMPLATS) mine near Rustenburg in South Africa&#039;s North West Province" align="left" title="Striking platinum miners march near the Anglo-American Platinum (AMPLATS) mine near Rustenburg in South Africa&#039;s North West Province" border="0" /></a>JOHANNESBURG (Reuters) - Workers have reached a deal with Anglo American Platinum to reinstate 12,000 miners sacked for an illegal strike, which could end the last big industrial action rocking South Africa&#039;s mining sector. Months of often violent wildcat strikes have cut production in the platinum and gold sectors, raising concerns about slowing economic growth as well as awkward questions about President Jacob Zuma&#039;s management of the most damaging labour strife since the end of apartheid in 1994. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/no-date-aid-talks-hungary-imf-082445788--business.html"><img src="http://l3.yimg.com/bt/api/res/1.2/u1zWcIRNvSfGwRqx4CFdSQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-27T093234Z_2_CBRE89Q0NDE00_RTROPTP_2_CBUSINESS-US-HUNGARY-IMF.JPG" width="130" height="86" alt="The IMF&#039;s Mission Chief for Hungary, Arvanitis and the Fund&#039;s Representative in Hungary Ivaschenko walk in the streets in Budapest" align="left" title="The IMF&#039;s Mission Chief for Hungary, Arvanitis and the Fund&#039;s Representative in Hungary Ivaschenko walk in the streets in Budapest" border="0" /></a>BUDAPEST (Reuters) - The International Monetary Fund has not fixed a date for its next round of aid talks with Hungary, the IMF&#039;s representative in Hungary said on Saturday, saying that Budapest&#039;s latest tax measures ran counter to its recommendations. Hungary on Friday scrambled to allay concerns that near year-long talks with the IMF were close to breaking down after a website said the IMF would not return to Budapest unless the government changed tack. Central Europe&#039;s most indebted nation, Hungary needs a financing backstop from the IMF in order to stabilize its shrinking economy. ...</p><br clear="all"/>http://news.yahoo.com/no-date-aid-talks-hungary-imf-082445788--business.htmlSat, 27 Oct 2012 05:32:34 -0400Reutersno-date-aid-talks-hungary-imf-082445788--business<p><a href="http://news.yahoo.com/no-date-aid-talks-hungary-imf-082445788--business.html"><img src="http://l3.yimg.com/bt/api/res/1.2/u1zWcIRNvSfGwRqx4CFdSQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-27T093234Z_2_CBRE89Q0NDE00_RTROPTP_2_CBUSINESS-US-HUNGARY-IMF.JPG" width="130" height="86" alt="The IMF&#039;s Mission Chief for Hungary, Arvanitis and the Fund&#039;s Representative in Hungary Ivaschenko walk in the streets in Budapest" align="left" title="The IMF&#039;s Mission Chief for Hungary, Arvanitis and the Fund&#039;s Representative in Hungary Ivaschenko walk in the streets in Budapest" border="0" /></a>BUDAPEST (Reuters) - The International Monetary Fund has not fixed a date for its next round of aid talks with Hungary, the IMF&#039;s representative in Hungary said on Saturday, saying that Budapest&#039;s latest tax measures ran counter to its recommendations. Hungary on Friday scrambled to allay concerns that near year-long talks with the IMF were close to breaking down after a website said the IMF would not return to Budapest unless the government changed tack. Central Europe&#039;s most indebted nation, Hungary needs a financing backstop from the IMF in order to stabilize its shrinking economy. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/amplats-offers-reinstate-striking-miners-south-africa-083914515--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/MA0RU5kZFCp2PWBZYtmzjg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-27T085530Z_2_CBRE89Q0O1K00_RTROPTP_2_CBUSINESS-US-SAFRICA-STRIKES-AMPLATS.JPG" width="130" height="86" alt="Striking platinum miners march near the Anglo-American Platinum (AMPLATS) mine near Rustenburg in South Africa&#039;s North West Province" align="left" title="Striking platinum miners march near the Anglo-American Platinum (AMPLATS) mine near Rustenburg in South Africa&#039;s North West Province" border="0" /></a>JOHANNESBURG (Reuters) - Striking workers have reached a deal with platinum giant Anglo American Platinum (Amplats) to reinstate 12,000 miners sacked for an illegal strike, which could end the last major industrial action rocking South Africa&#039;s mining sector. Months of often violent wildcat strikes have cut production in the platinum and gold sectors, raising concerns about slowing economic growth as well as awkward questions about President Jacob Zuma&#039;s management of the most damaging labor strife since the end of apartheid in 1994. ...</p><br clear="all"/>http://news.yahoo.com/amplats-offers-reinstate-striking-miners-south-africa-083914515--finance.htmlSat, 27 Oct 2012 04:55:30 -0400Reutersamplats-offers-reinstate-striking-miners-south-africa-083914515--finance<p><a href="http://news.yahoo.com/amplats-offers-reinstate-striking-miners-south-africa-083914515--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/MA0RU5kZFCp2PWBZYtmzjg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-27T085530Z_2_CBRE89Q0O1K00_RTROPTP_2_CBUSINESS-US-SAFRICA-STRIKES-AMPLATS.JPG" width="130" height="86" alt="Striking platinum miners march near the Anglo-American Platinum (AMPLATS) mine near Rustenburg in South Africa&#039;s North West Province" align="left" title="Striking platinum miners march near the Anglo-American Platinum (AMPLATS) mine near Rustenburg in South Africa&#039;s North West Province" border="0" /></a>JOHANNESBURG (Reuters) - Striking workers have reached a deal with platinum giant Anglo American Platinum (Amplats) to reinstate 12,000 miners sacked for an illegal strike, which could end the last major industrial action rocking South Africa&#039;s mining sector. Months of often violent wildcat strikes have cut production in the platinum and gold sectors, raising concerns about slowing economic growth as well as awkward questions about President Jacob Zuma&#039;s management of the most damaging labor strife since the end of apartheid in 1994. ...</p><br clear="all"/>SHANGHAI (Reuters) - The exposure of Shanghai's banks to heavily-indebted Chinese steel merchants is under control, the city's banking regulator said, with a non-performing loan ratio of 1.31 percent. Chinese banks are pursuing steel traders to recover loans that many borrowers say they cannot repay. The drive to recover the money is a sign of strain on China's financial system at a time when China's leaders are considering launching another package of incentives to boost the economy, and banks are worried about bad debts piling up. Steel traders had an overall credit line of 185. ...http://news.yahoo.com/shanghai-banking-regulator-says-steel-trade-loans-under-055400814--sector.htmlSat, 27 Oct 2012 01:54:00 -0400Reutersshanghai-banking-regulator-says-steel-trade-loans-under-055400814--sector<p><a href="http://news.yahoo.com/consumers-drive-growth-businesses-hold-back-012004717--business.html"><img src="http://l3.yimg.com/bt/api/res/1.2/elHmdUCqv.cM6QtZqSVeQA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-26T210207Z_1_CBRE89P0YZK00_RTROPTP_2_USA-ECONOMY.JPG" width="130" height="86" alt="Women carry shopping bags through Times Square in New York" align="left" title="Women carry shopping bags through Times Square in New York" border="0" /></a>WASHINGTON (Reuters) - Economic growth accelerated in the third quarter as a last minute spurt in consumer spending and a surprise turnaround in government outlays offset the first cutback in business investment in more than a year. Even so, the stronger pace of expansion fell short of what is needed to make much of a dent in unemployment, and it offered little cheer for the White House ahead of the closely contested November 6 presidential election. ...</p><br clear="all"/>http://news.yahoo.com/consumers-drive-growth-businesses-hold-back-012004717--business.htmlFri, 26 Oct 2012 21:20:04 -0400Reutersconsumers-drive-growth-businesses-hold-back-012004717--business<p><a href="http://news.yahoo.com/consumers-drive-growth-businesses-hold-back-012004717--business.html"><img src="http://l3.yimg.com/bt/api/res/1.2/elHmdUCqv.cM6QtZqSVeQA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-26T210207Z_1_CBRE89P0YZK00_RTROPTP_2_USA-ECONOMY.JPG" width="130" height="86" alt="Women carry shopping bags through Times Square in New York" align="left" title="Women carry shopping bags through Times Square in New York" border="0" /></a>WASHINGTON (Reuters) - Economic growth accelerated in the third quarter as a last minute spurt in consumer spending and a surprise turnaround in government outlays offset the first cutback in business investment in more than a year. Even so, the stronger pace of expansion fell short of what is needed to make much of a dent in unemployment, and it offered little cheer for the White House ahead of the closely contested November 6 presidential election. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/american-economy-expands-modest-2-percent-pace-214140717--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/PV_vK.6Wk3y7mbdEXRYZJQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/751f12cf2dfc0d1e1f0f6a706700795d.jpg" width="130" height="86" alt="This Oct. 25, 2012 photo shows appliances on display at Orville&#039;s Home Appliances store in Amherst, N.Y. The government&#039;s snapshot Friday, Oct. 26, 2012, of the U.S. economy&#039;s growth will be its last before Americans choose a president in 11 days. It probably won&#039;t sway many undecided voters. The first of three estimates of growth for the July-September quarter will likely sketch a picture that&#039;s been familiar all year: The economy is growing at a tepid rate, slowed by high unemployment, corporate anxiety over an unresolved budget crisis and a global economic slowdown. The government&#039;s report covers gross domestic product. GDP measures the nation&#039;s total output of goods and services ? from restaurant meals and haircuts to airplanes, appliances and highways. (AP Photo/David Duprey)" align="left" title="This Oct. 25, 2012 photo shows appliances on display at Orville&#039;s Home Appliances store in Amherst, N.Y. The government&#039;s snapshot Friday, Oct. 26, 2012, of the U.S. economy&#039;s growth will be its last before Americans choose a president in 11 days. It probably won&#039;t sway many undecided voters. The first of three estimates of growth for the July-September quarter will likely sketch a picture that&#039;s been familiar all year: The economy is growing at a tepid rate, slowed by high unemployment, corporate anxiety over an unresolved budget crisis and a global economic slowdown. The government&#039;s report covers gross domestic product. GDP measures the nation&#039;s total output of goods and services ? from restaurant meals and haircuts to airplanes, appliances and highways. (AP Photo/David Duprey)" border="0" /></a>The latest snapshot of economic growth shows the U.S. recovery remains tepid.</p><br clear="all"/>http://news.yahoo.com/american-economy-expands-modest-2-percent-pace-214140717--finance.htmlFri, 26 Oct 2012 18:43:11 -0400Associated Pressamerican-economy-expands-modest-2-percent-pace-214140717--finance<p><a href="http://news.yahoo.com/american-economy-expands-modest-2-percent-pace-214140717--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/PV_vK.6Wk3y7mbdEXRYZJQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/751f12cf2dfc0d1e1f0f6a706700795d.jpg" width="130" height="86" alt="This Oct. 25, 2012 photo shows appliances on display at Orville&#039;s Home Appliances store in Amherst, N.Y. The government&#039;s snapshot Friday, Oct. 26, 2012, of the U.S. economy&#039;s growth will be its last before Americans choose a president in 11 days. It probably won&#039;t sway many undecided voters. The first of three estimates of growth for the July-September quarter will likely sketch a picture that&#039;s been familiar all year: The economy is growing at a tepid rate, slowed by high unemployment, corporate anxiety over an unresolved budget crisis and a global economic slowdown. The government&#039;s report covers gross domestic product. GDP measures the nation&#039;s total output of goods and services ? from restaurant meals and haircuts to airplanes, appliances and highways. (AP Photo/David Duprey)" align="left" title="This Oct. 25, 2012 photo shows appliances on display at Orville&#039;s Home Appliances store in Amherst, N.Y. The government&#039;s snapshot Friday, Oct. 26, 2012, of the U.S. economy&#039;s growth will be its last before Americans choose a president in 11 days. It probably won&#039;t sway many undecided voters. The first of three estimates of growth for the July-September quarter will likely sketch a picture that&#039;s been familiar all year: The economy is growing at a tepid rate, slowed by high unemployment, corporate anxiety over an unresolved budget crisis and a global economic slowdown. The government&#039;s report covers gross domestic product. GDP measures the nation&#039;s total output of goods and services ? from restaurant meals and haircuts to airplanes, appliances and highways. (AP Photo/David Duprey)" border="0" /></a>The latest snapshot of economic growth shows the U.S. recovery remains tepid.</p><br clear="all"/>The worst drought in decades didn't just shrivel corn and soybeans. It shrank economic growth too.http://news.yahoo.com/us-drought-damaged-economy-well-crops-211601218--finance.htmlFri, 26 Oct 2012 18:22:51 -0400Associated Pressus-drought-damaged-economy-well-crops-211601218--financeUnited States Steel Corp.'s third-quarter results Tuesday should shed some light on the appetite for steel in the sluggish global economy.http://news.yahoo.com/us-steels-3q-results-expected-drop-220321698--finance.htmlFri, 26 Oct 2012 18:03:21 -0400Associated Pressus-steels-3q-results-expected-drop-220321698--finance<p><a href="http://news.yahoo.com/tsx-may-open-lower-despite-firm-u-data-125104646--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/7457kWpK39cl8sgdzFWy8g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-25T141054Z_1_CBRE89O13E900_RTROPTP_2_CBUSINESS-US-MARKETS-CANADA-STOCKS.JPG" width="130" height="86" alt="Toronto Stock Exchange logo is seen in Toronto" align="left" title="Toronto Stock Exchange logo is seen in Toronto" border="0" /></a>TORONTO (Reuters) - Canadian stocks closed flat on Friday after a choppy session in which stronger-than-expected U.S. economic data fought with limp U.S. earnings for the attention of a market that was waiting for the Canadian reporting season to start in earnest next week. &quot;A lot of people who have positioned themselves are really just waiting for the news (to) see how things are going to come out on this side of the border,&quot; said Brian Pow, vice president, research and equity analyst at Acumen Capital Partners in Calgary, adding that disappointing results from U.S. ...</p><br clear="all"/>http://news.yahoo.com/tsx-may-open-lower-despite-firm-u-data-125104646--finance.htmlFri, 26 Oct 2012 17:41:40 -0400Reuterstsx-may-open-lower-despite-firm-u-data-125104646--finance<p><a href="http://news.yahoo.com/tsx-may-open-lower-despite-firm-u-data-125104646--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/7457kWpK39cl8sgdzFWy8g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-25T141054Z_1_CBRE89O13E900_RTROPTP_2_CBUSINESS-US-MARKETS-CANADA-STOCKS.JPG" width="130" height="86" alt="Toronto Stock Exchange logo is seen in Toronto" align="left" title="Toronto Stock Exchange logo is seen in Toronto" border="0" /></a>TORONTO (Reuters) - Canadian stocks closed flat on Friday after a choppy session in which stronger-than-expected U.S. economic data fought with limp U.S. earnings for the attention of a market that was waiting for the Canadian reporting season to start in earnest next week. &quot;A lot of people who have positioned themselves are really just waiting for the news (to) see how things are going to come out on this side of the border,&quot; said Brian Pow, vice president, research and equity analyst at Acumen Capital Partners in Calgary, adding that disappointing results from U.S. ...</p><br clear="all"/>MORE DECLINES: Commodities prices were broadly lower on the latest weak signals for the U.S. economy: more poor earnings reports from major companies like Goodyear, and only tepid growth in GDP in the third quarter.http://news.yahoo.com/news-summary-commodities-continue-weeklong-slide-210552849--finance.htmlFri, 26 Oct 2012 17:05:52 -0400Associated Pressnews-summary-commodities-continue-weeklong-slide-210552849--financeMEXICO CITY (Reuters) - The Group of 20 leading economies want financially troubled countries to make the most of safety nets, including Europe's bailout fund, to limit the uncertainty damaging the global economy, Mexican Deputy Finance Minister Gerardo Rodriguez said on Friday. Mexico will host finance ministers and central bankers from the bloc of advanced and developing countries next weekend at a meeting that is expected to focus heavily on Europe's ongoing debt crisis, with Spain tipped as the next country to seek aid. ...http://news.yahoo.com/g20-urge-members-act-against-economic-uncertainty-185050654--business.htmlFri, 26 Oct 2012 16:52:01 -0400Reutersg20-urge-members-act-against-economic-uncertainty-185050654--businessCommodities prices ended broadly lower Friday as weakness in corporate earnings reports dimmed the outlook for the U.S. economy.http://news.yahoo.com/commodities-prices-continue-weeklong-slide-193756396--finance.htmlFri, 26 Oct 2012 16:47:57 -0400Associated Presscommodities-prices-continue-weeklong-slide-193756396--finance<p><a href="http://news.yahoo.com/obama-votes-picks-powell-endorsement-amid-swing-state-033132282.html"><img src="http://l1.yimg.com/bt/api/res/1.2/YGHtYOkVwxTXqp1LGdQRQw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-25T223539Z_1_CBRE89O1QRK00_RTROPTP_2_USA-CAMPAIGN.JPG" width="130" height="86" alt="U.S. President Barack Obama holds his early voting ballot receipt after casting his vote at the Martin Luther King Community Center in Chicago" align="left" title="U.S. President Barack Obama holds his early voting ballot receipt after casting his vote at the Martin Luther King Community Center in Chicago" border="0" /></a>AMES, Iowa (Reuters) - Republican presidential candidate Mitt Romney attempted to adopt the mantle of change on Friday in an economic speech in which he vowed to bring a fresh start to Washington to generate stronger job growth. Romney&#039;s address in the swing state of Iowa was an effort to take on the role President Barack Obama played in 2008, that of an outsider who would represent an abrupt change if he wins the tight 2012 presidential race. ...</p><br clear="all"/>http://news.yahoo.com/obama-votes-picks-powell-endorsement-amid-swing-state-033132282.htmlFri, 26 Oct 2012 16:45:28 -0400Reutersobama-votes-picks-powell-endorsement-amid-swing-state-033132282<p><a href="http://news.yahoo.com/obama-votes-picks-powell-endorsement-amid-swing-state-033132282.html"><img src="http://l1.yimg.com/bt/api/res/1.2/YGHtYOkVwxTXqp1LGdQRQw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-25T223539Z_1_CBRE89O1QRK00_RTROPTP_2_USA-CAMPAIGN.JPG" width="130" height="86" alt="U.S. President Barack Obama holds his early voting ballot receipt after casting his vote at the Martin Luther King Community Center in Chicago" align="left" title="U.S. President Barack Obama holds his early voting ballot receipt after casting his vote at the Martin Luther King Community Center in Chicago" border="0" /></a>AMES, Iowa (Reuters) - Republican presidential candidate Mitt Romney attempted to adopt the mantle of change on Friday in an economic speech in which he vowed to bring a fresh start to Washington to generate stronger job growth. Romney&#039;s address in the swing state of Iowa was an effort to take on the role President Barack Obama played in 2008, that of an outsider who would represent an abrupt change if he wins the tight 2012 presidential race. ...</p><br clear="all"/>MIXED BAG: The government said the economy grew in the third quarter, but not fast enough to reduce unemployment. Earnings from many companies have disappointed, although not as much as some investors had feared.http://news.yahoo.com/news-summary-stocks-mostly-lower-weak-earnings-204137637--finance.htmlFri, 26 Oct 2012 16:41:37 -0400Associated Pressnews-summary-stocks-mostly-lower-weak-earnings-204137637--financeStocks finished mixed on Friday after investors gave a lukewarm reception to economic data and third-quarter corporate results that gave them little to get excited about.http://news.yahoo.com/major-stock-indexes-fared-friday-212341970.htmlFri, 26 Oct 2012 16:39:32 -0400Associated Pressmajor-stock-indexes-fared-friday-212341970Data showing that the U.S. economy grew at a faster pace than expected during the third quarter pushed the dollar higher against other major currencies Friday.http://news.yahoo.com/dollar-rises-report-pickup-us-growth-175833552--finance.htmlFri, 26 Oct 2012 16:37:36 -0400Associated Pressdollar-rises-report-pickup-us-growth-175833552--finance<p><a href="http://news.yahoo.com/weak-earnings-reports-weigh-stocks-171039080--business.html"><img src="http://l.yimg.com/bt/api/res/1.2/uNSxUaxapMetuXcsIS7vug--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/088960d82fe8161e1f0f6a706700641b.jpg" width="130" height="86" alt="Trader Christopher Lotito works on the floor of the New York Stock Exchange, Friday, Oct. 26, 2012, in New York. (AP Photo/John Minchillo)" align="left" title="Trader Christopher Lotito works on the floor of the New York Stock Exchange, Friday, Oct. 26, 2012, in New York. (AP Photo/John Minchillo)" border="0" /></a>Stocks closed mostly lower Friday after investors found little to like in weak corporate earnings reports and news of only tepid growth in the U.S. economy in the third quarter.</p><br clear="all"/>http://news.yahoo.com/weak-earnings-reports-weigh-stocks-171039080--business.htmlFri, 26 Oct 2012 16:36:51 -0400Associated Pressweak-earnings-reports-weigh-stocks-171039080--business<p><a href="http://news.yahoo.com/weak-earnings-reports-weigh-stocks-171039080--business.html"><img src="http://l.yimg.com/bt/api/res/1.2/uNSxUaxapMetuXcsIS7vug--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/088960d82fe8161e1f0f6a706700641b.jpg" width="130" height="86" alt="Trader Christopher Lotito works on the floor of the New York Stock Exchange, Friday, Oct. 26, 2012, in New York. (AP Photo/John Minchillo)" align="left" title="Trader Christopher Lotito works on the floor of the New York Stock Exchange, Friday, Oct. 26, 2012, in New York. (AP Photo/John Minchillo)" border="0" /></a>Stocks closed mostly lower Friday after investors found little to like in weak corporate earnings reports and news of only tepid growth in the U.S. economy in the third quarter.</p><br clear="all"/>

Source: http://rss.news.yahoo.com/rss/economy

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