Agreement Reached on Stimulus Deal
Senate majority leader Harry Reid announced that Congress has reached a deal on the stimulus package that includes tax cuts and new spending worth $789 billion. Voting could happen as early as today. More
New US Jobless Claimants Drops to 623,000
The Commerce Department said today that the number of people requesting unemployment benefits for the first-time dropped to 623,000 claimants from 631,000 the week before, but still hovers near a 26-year high. More
US Retail Sales Climb 1% in January
For the first time in six months, US retail sales increased recording a positive gain of 1 percent. More
Japanese Electronics Giant to cut 10,000 Jobs
Pioneer – one of Japan’s leading electronics manufacturers – said today that it will cut an additional 10,000 jobs in addition to the 5,900 jobs lost last year. More
