Economy News & (Stock Markets News)+More News

1. Economy dips at 0.7 percent pace in 2Q AP –
2. U.S. economy shrinks less in second quarter Reuters –
3. US second quarter GDP down 0.7 percent AFP –
More Economy News »
1. Stocks plunge on drop in manufacturing activity AP –
2. Wall Street dives after Chicago PMI data Reuters –
3. European stocks rise on upbeat IMF report AP –
More Stock Markets News »
Business - Automotive »
Business - Banking Industry »
Business - Entertainment/Media »
Business - Global Economy »
Business - Industries »
Business - Opinion »
Business - Personal Finance »
Business - Real Estate »
Business - Retail » (posted by ali)

Wall Street dives after Chicago PMI data

NEW YORK (Reuters) - U.S. stocks turned negative on Wednesday, and major indexes fell more than 1 percent after a regional gauge of business activity unexpectedly contracted in September

Stocks open higher after GDP, employment data AP – 19 mins ago

Wall Street advanced Wednesday on the last day of the quarter, as investors received another sign the recession is ending. Full Story »(posted by ali)

Homeowners in financial trouble often redefault

WASHINGTON - Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again. Full Story »

Oil above $67 despite high inventories

Strengthening stock markets in Europe helped push oil prices above $67 a barrel Wednesday despite data showing U.S. crude inventories rose for a third week, suggesting consumer demand remains weak. Full Story »
Slideshow: Oil Industry