World News Center
Budget deficit sets record in February (AP)
March 10, 2010AP - The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year's record for the full year.
Unemployment rises in 30 states in January (AP)
March 10, 2010
AP - Unemployment rose in 30 states in January, the Labor Department said Wednesday, evidence that jobs remain scarce in most regions of the country.
Wholesale inventories fall while sales increase (AP)
March 10, 2010
AP - Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.
CDC uses shopper-card data to trace salmonella (AP)
March 10, 2010AP - As they scrambled recently to trace the source of a salmonella outbreak that has sickened hundreds around the country, investigators from the Centers for Disease Control and Prevention successfully used a new tool for the first time — the shopper cards that millions of Americans swipe every time they buy groceries.
Unemployment benefit cuts, higher taxes projected (AP)
March 10, 2010AP - Benefits paid to suffering unemployed workers will have to be cut and taxes on struggling businesses will have to go up to pay for a staggering number of claims due to the recession, Wisconsin lawmakers were told Wednesday.
How the major stock indexes fared on Tuesday (AP)
March 10, 2010AP - Financial companies led stocks higher Tuesday on the one-year anniversary of the market's hitting a 12-year low. The gain in bank stocks came as traders reacted to rumors that the government might prohibit the trades known as short sales in the stocks of companies it owns. Such a move would be aimed at preventing sharp drops in stocks including Citigroup Inc. and American International Group Inc.
UK's Brown paves way for election with budget date (AP)
March 10, 2010AP - Britain's economic recovery remains fragile, Prime Minister Gordon Brown warned Wednesday, as he paved the way for a national election by announcing the government's budget would be published in two weeks.
A.M. Castle 4th-quarter loss narrows (AP)
March 10, 2010AP - Specialty metal and plastic products company A.M. Castle & Co. said Wednesday that its fourth-quarter loss shrank, helped by lower material costs and the effect of one-time charges.
Euro rebounds, gains on dollar (AFP)
March 10, 2010
AFP - The euro staged a modest turnaround against the dollar Wednesday in featureless trading as dealers looked for signals on prospects for the world economy and a proposed European monetary fund.
Home loan demand nudges higher in latest week (Reuters)
March 10, 2010
Reuters - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
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