Archive for July 2nd, 2009
Seven banks fail, pushing 2009 tally to 52
Seven banks were shut down by authorities Thursday, pushing the tally of failed banks for 2009 to 52, more than doubling the failures in 2008.
Small business lending falls sharply
Despite emergency stimulus measures, small business lending continues to fall. In the just-ended quarter, the Small Business Administration’s flagship program backed 30% fewer loans than it did a year ago, and 55% fewer loans than it did in 2007, before the recession set in.
Health care: Will ‘pay or play’ chase employers away?
It is one of the touchiest issues in the health care debate: Would a government-run health plan upend the employer-based health insurance system used by 160 million Americans?
Jobs report slams stocks
Stocks tumbled Thursday, with the Dow losing 212 points, after a worse-than-expected jobs report hammered hopes that the economy is close to stabilizing.
Dollar rises after jobs data
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Wesley Clark: Ethanol’s field general
If ever there were an industry in need of a general, it’s the ethanol industry. Already under siege from food companies blaming biofuels for rising grocery prices, ethanol companies are now seeing their profit margins crushed by falling prices for their product. Compounding the problem, many environmentalists — who five minutes ago seemed to be in ethanol’s corner — have turned against the corn-based fuel.
Oil’s record high, one year later
One year ago, on July 3, 2008, oil prices settled at a record high — a once-unthinkable $145.29 a barrel
California on brink of IOUs
Here come the California IOUs.
Oil settles below $67 on economic concerns
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Genetic sequencing gets personal
Price competition is coming to the rarified world of genome sequencing.
