Economy
The latest financial news, stock market updates and employment information.
World Trade Organization says trade to grow more slowly due to shakier global economy
FRANKFURT, Germany — The World Trade Organization is cutting its estimate for growth in global trade for this year and next.
German opposition looks far short of ousting Merkel with 1 year to go before election
(dapd, Michael Gottschalk, File / Associated Press)
BERLIN — Germany’s main opposition party is itching to end Angela Merkel’s 7-year grip on power — but with elections a year away, there is no challenger in place and little sign of a winning strategy.
Canadian auto union reaches tentative deal with GM; Chrysler last of Big 3 without deal
(The Canadian Press, Aaron Vincent Elkaim / Associated Press)
TORONTO — Canadian autoworkers have reached contract deals with two of the Big Three and now are focusing in on the third — Chrysler.
Fed should give specific stimulus targets, some officials say
(Richard Drew / AP)
Consensus is growing at the Federal Reserve that it should declare that it wants to reduce unemployment to a specific level.
News Summary: Japan posts $9.6B August trade deficit as exports shrink
BIG DEFICIT AS EXPORTS DECLINE: Japan posted a $9.6 billion trade deficit for August as shipments to Europe and Asian countries sank. Exports fell 5.8 percent from a year ago, while imports dropped 5.4 percent.
Canadian Auto Workers union prepares to set a strike deadline with General Motors
TORONTO — The Canadian Auto Workers union said it could serve General Motors with a 24-hour strike notice on Thursday afternoon after saying that GM failed to meet the pattern of a deal the union reached with Ford.
Falling stock prices shrank US household wealth in April-June quarter but have since rebounded
(Richard Drew, File / Associated Press)
WASHINGTON — A jump in the stock market and rising home prices are bringing Americans closer to regaining the wealth they lost in the recession.
Former Va. governors Allen and Kaine stake out sharply different positions in 3rd of 5 debates
(Evan Vucci / Associated Press)
MCLEAN, Va. — Republican George Allen and Democrat Tim Kaine showcased distinctively different messages on federal fiscal policy and the economy Thursday in the third of five one-on-one debates in a Virginia U.S. Senate race that could determine which party rules the Senate.
Census data show rising mobility, other social changes that suggest recovery
(Kevork Djansezian / GETTY IMAGES)
The U.S. economy shows signs of finally bottoming out as Americans are ready to take a chance with college or the job market.
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