Business and Economy Category of

Main Category :: Business & Economy

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Obama: Congress must act boldly and now on economy - Napa Valley Register
WASHINGTON - President-elect Barack Obama implored Congress on Thursday to "act boldly and act now" to fix an economy growing perilously weaker. Leading lawmakers set an informal goal of mid-February for enacting tax cuts and government spending that ...

WRAPUP 5-Wal-Mart, other US retailers warn after dismal holiday - FXStreet.com
CHICAGO, Jan 8 (Reuters) - Wal-Mart Stores Inc and other top U.S. retailers delivered disappointing December same-store sales and profit warnings on Thursday, sparking fresh recession concerns that hit stock and currency markets. Nearly a dozen ...

More evidence of waning demand sinks crude prices [5:00 pm] - Farmington Daily Times
DENVER — Another government report showing robust U.S. inventories Thursday, added to a string of disheartening economic data, sent crude futures lower for a second day. Light, sweet crude for February delivery fell $1.11 to $41.52 a barrel on the ...

Breakthrough in Russia-Ukraine gas dispute: EU - Sydney Morning Herald
Russian Prime Minister Vladimir Putin (right) speaks with North European Gas Pipeline Chairman Gerhard Schroeder during their meeting in St .Petersburg. Russian Prime Minister Vladimir Putin agreed on the terms for the deployment of gas monitors in ...

FACTBOX: Emerging Gaza ceasefire plan - Reuters
(Reuters) - Israel, Hamas and Palestinian President Mahmoud Abbas have entered talks with Egypt to try to iron out the terms of a ceasefire in the Gaza Strip. Western diplomats predicted a difficult negotiation ahead. Israel is seeking international ...