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UAW Chief Says Union Will Sell Its Chrysler Stock

Posted: 05/04/2009 - The United Auto Workers union says it intends to sell off its 55-percent stake in the new Chrysler as soon as possible to help cover the trust fund that be will responsible for retiree health care as of next year.

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Pending Home Sales Up 3.2 Percent In March

Posted: 05/04/2009 - The National Association of Realtors says pending U.S. home sales rose from February to March as buyers took advantage of deeply discounted prices and low interest rates.

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Construction Spending Rises Unexpectedly In March

Posted: 05/04/2009 - Construction spending rose unexpectedly in March after five straight declines, as strength in nonresidential projects and government building offset a further slide in housing.

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Sprint Nextel Reports Larger 1Q Loss

Posted: 05/04/2009 - Sprint Nextel Corp., the nation's third largest wireless service provider, says it had a larger first-quarter loss on declining revenue,

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Factory Orders Drop 0.9 Percent In March

Posted: 05/01/2009 - The government says orders to U.S. factories fell a larger-than-expected 0.9% in March, while factory shipments dropped for a record eighth consecutive month. The report was further evidence of the severity of the recession.

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Report Shows Slower Manufacturing Contraction

Posted: 05/01/2009 - A private group's measure of the manufacturing sector's health shows slower contraction in April than in the previous month, a possible sign that the economy is stabilizing.

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Fed Sees Signs Recession May Easing

Updated: 04/29/2009 - The Federal Reserve says it sees signs the recession may be easing but warns the economy is likely to remain weak.

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WaMu Sues JPmorgan Chase

Posted: 04/28/2009 - Lawyers for Washington Mutual Inc. have filed a bankruptcy court complaint against JPMorgan Chase & Co. over some $4 billion in disputed assets.

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Agreement Reached on Budget Endorsing Obama Goals

Posted: 04/27/2009 - A top senator says Barack Obama's Democratic allies in Congress have sealed agreement on a budget outline for next year that endorses the president's goals of expanded health care and more money for education and clean energy.

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UAW Leaders Recommend Approval of Chrysler Deal

Posted: 04/27/2009 - United Auto Workers President Ron Gettelfinger says the union's factory-level leaders voted unanimously Monday night to recommend that members approve concessions designed to keep Chrysler LLC out of bankruptcy.

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Swine Flu Fears Are A Boon To Drugmakers' Shares

Updated: 04/27/2009 - Shares of makers of flu treatments, tests and vaccines are rising Monday as a swine flu outbreak makes its way across the globe, sparking fears of a pandemic.

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