Bush: No quick fix for rising gas prices
Last Updated: 9:20 AM 05/05/08 -
President Bush says he's troubled by rising gas prices and will take a look at proposals to relieve the crisis -- but warns there's no quick fix. (Full Story) |
Michigan gas prices at another all-time high
Last Updated: 9:06 AM 05/05/08 -
AAA Michigan says gas prices are 1 cent higher than last week, with a statewide average of $3.65 per gallon. (Full Story) |
Ford to offer buyouts to 1,300 workers at two Midwest plants
Last Updated: 6:59 PM 05/03/08 -
Ford Motor Co. will offer buyouts to about 1,300 workers at two assembly plants in Chicago and Louisville, Ky. (Full Story) |
Ethanol gets partial blame for rise in food prices
Last Updated: 10:36 AM 05/02/08 -
Iowa Senator Charles Grassley is one of two farmers in the Senate. Ethanol production is getting the brunt of the blame for the hike in food costs, but Grassley says there are plenty of reasons for the spike, including high gas prices and drought. (Full Story) |
FTC asking for comment on new oil price law
Last Updated: 10:29 AM 05/02/08 -
The Federal Trade Commission is asking for public comment on developing new rules to prevent oil price manipulation and deception. (Full Story) |
Apple says movies will be available online the same day as DVD releases
Last Updated: 9:46 AM 05/02/08 -
Apple says new movies from a batch of major studios will now be available on iTunes the same day they're released on DVD. The change will increase the number of new titles available at iTunes -- and will put the online retailer in better position to compete with those who sell DVD's. (Full Story) |
Fed joins with European banks to battle credit crisis
Last Updated: 9:39 AM 05/02/08 -
The Federal Reserve in coordination with European central banks says it will expand a series of efforts to deal with a global credit crisis. (Full Story) |
Unemployment numbers for April to be released
Last Updated: 9:34 AM 05/02/08 -
Economists expect the figures will show a rise in the jobless rate to 5.2 percent. That would mark a slight bump from the 5.1 percent rate in March. It would also be the fourth straight month of job losses. (Full Story) |
Consumer spending up but much of gain reflects higher prices
Last Updated: 9:45 AM 05/01/08 -
Consumer spending rose at a faster pace than expected in March. But almost all the gain occurred because of big increases in the price of energy and other products. (Full Story) |
Lawmakers to discuss food costs
Last Updated: 9:39 AM 05/01/08 -
The high cost of food will be the topic of a congressional hearing today. With the price of a loaf of bread up 15 percent over the past year and eggs up 25 percent, the joint House-Senate Economic Committee will take a look at the impact on American families. (Full Story) |
Interest rate cut expected today
Last Updated: 12:23 PM 04/30/08 -
The Federal Reserve ends its two-day meeting today. Analysts expect it will announce an interest rate cut of one-quarter of one percent. (Full Story) |
First economic stimulus payments head out: will it work?
Last Updated: 7:17 PM 04/28/08 -
Special stimulus payments will start Monday, four days earlier then expected. Some economists have concerns about the plan's impact. Meanwhile, the money has retailers salivating. (Full Story) |
WellPoint stock gains while 1Q profit drops
Last Updated: 7:50 AM 04/24/08 -
The stock of Indianapolis-based health insurer WellPoint rose seven percent yesterday, even though the company announced its first-quarter profit fell 25 percent. (Full Story) |
Gas prices reach new record high
Last Updated: 12:07 AM 04/24/08 -
The price of gas reached a new record high Wednesday. $3.54 is the national average for a gallon of unleaded regular fuel. Motorists in Michiana are paying even more (Full Story) |
Delta reports $6.4B loss in first quarter
Last Updated: 11:22 AM 04/23/08 -
Delta Air Lines, the nation's third-largest carrier, says its loss widened in the first quarter to a whopping 6.39 billion dollars due to soaring fuel prices and the steep decline in the company's market value. (Full Story) |
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