The painful collapse of the housing market along with the credit crunch will weigh down economic growth in the final three months of this year and cause economic activity to lag in 2008. The latest look-ahead from the National Association for Business Economics says the gross domestic product is on track to expand at just a 1.5 percent pace from October through December. Oil prices increased with more talk among OPEC members about converting their cash reserves to the euro and away from the U.S. dollar. There is also doubt a possible OPEC output hike next month would get more supplies to market in time for the northern winter. The national average price for gasoline rose about 13 cents over the last two weeks. According to oil industry analyst Trilby Lundberg, the average price of regular gasoline was $3.09 a gallon, mid-grade was $3.21, and premium was $3.32. Xerox (XRX) announced its first quarterly cash dividend in six years, a sign that the business is again healthy. A dividend...
The European Central Bank held its benchmark rate unchanged at 4 percent, despite surging inflation and a stronger euro. Earlier, The Bank of England cut its key rate by a quarter of a point to 5.5...
The U.S. services sector grew at a faster-than-expected rate in October boosted by strength in new orders. The Institute for Supply Management's index gauging the health of non-manufacturing...
The International Council of Shopping Centers-UBS Retail Chain Store Sales Index increased by 1.0% in the week ended November 3rd. On the year, chain store sales were up 2.4%. Former U.S. Federal...
The consumer price index increased 0.3% in October, driven by a 1.4% gain in energy prices. This was the fastest increase in energy prices since May. Food prices rose 0.3%. The core CPI, which...
UTC DATE-TIME y/m/d h:m:s LAT deg LON deg DEPTH km Region MAP 5.3 2008/07/19 23:19:59 -0.411 96.962 35.0 SOUTHWEST OF SUMATRA, INDONESIA MAP 6.4 2008/07/19 22:39:54 -17.134...
Update time = Thu Aug 14 14:27:11 UTC 2008 MAG UTC DATE-TIME y/m/d h:m:s LAT deg LON deg DEPTH km Region MAP 5.6 2008/08/14 11:10:30 44.100 147.481 10.0 KURIL ISLANDS MAP 5.6...