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A collection of news and information related to Economy published by Tribune Company sources.
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Gold, silver prices drop sharply as panicky investors cash in holdings
AP Business WriterNEW YORK (AP) _ Gold and silver plummeted Friday after Wall Street posted another big loss and forced investors to dump holdings in precious metals to raise badly needed cash. Gold for December delivery fell $27.50, or 3.1 percent, to settle at $859 an...Tags: Chicago Board of Trade, Metal, Upstream Oil and Gas Activities, Petroleum Industry, Metal and Mineral
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Ex-Huron consultant files age-bias suit
A former managing director at Chicago-based Huron Consulting Group Inc. says he was fired this year because of his age, according to a suit he filed Friday in New York. Richard Pimentel, 65, of California, said he was terminated in April and told his...Tags: Mitt Romney, Huron Consulting Group Incorporated
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After Europe-leading boom, Ireland's Celtic Tiger economy falls into recession
Associated Press WriterDUBLIN, Ireland (AP) _ Davey McKeever was down to his last bet slip of the night, crumpled in a sweaty fist, at the Shelbourne Park greyhound track. The remnants of McKeever's first unemployment check would rise or fall on the ironically named Nest Egg....Tags: Credit Ratings, European Union, Economic Indicator, Population, Ratings
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Oil prices plummet to 13-month on fears global slowdown will cut crude demand
AP Business WriterNEW YORK (AP) _ The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis. Oil hasn't been this cheap in 13 months —...Tags: Energy Resources, Natural Resources, Stock Market, Upstream Oil and Gas Activities, Petroleum Industry
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Crude oil drop lowers gasoline prices on Long Island
john.valenti@newsday.com; This stFueled by a sharp drop in crude oil prices, the average for a gallon of regular gasoline on Long Island slipped under $3.50 Friday - for the first time in nearly six months. The last time a gallon of regular averaged at less than $3.50 in Nassau and...Tags: Commodity Markets, AAA, Long Island, Upstream Oil and Gas Activities, Petroleum Industry
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Oil prices briefly plummet below $80 on fears global slowdown will cut crude demand
AP Business WriterNEW YORK (AP) _ Oil prices briefly plunged below $79 a barrel Friday, dropping to the lowest level in nearly 13 months as investors grow more pessimistic about the prospects for resolving a mushrooming global economic crisis. Light, sweet crude for...Tags: Energy Resources, Stock Market, Natural Resources, Upstream Oil and Gas Activities, Petroleum Industry
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Energy stocks tumble as falling crude, natural gas prices zap fuel that once had them roaring
AP Business WriterNEW YORK (AP) _ Energy stocks plunged Friday as crude and natural gas prices dropped to levels not seen in more than a year. The sector has fallen alongside a broader sell-off on Wall Street, with the Dow Jones industrials dropping nearly 700 points at...Tags: Energy Resources, ConocoPhillips, Natural Resources, Petroleum Industry, International Energy
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The state of healthcare
The United States spent $2.1 trillion on healthcare in 2006, according to national health expenditure data from the Centers for Medicare and Medicaid Services. That number is expected to hit $4.3 trillion by the end of 2017 -- 19.5% of the gross...Tags: Medicaid, Medicare, Private Health Care, Health Insurance, Government Health Care
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Financial, economic gloom grows
The Swampby Frank James The pressure is only increasing on federal policymakers grappling with the financial and economic slide. The Dow Jones Industrial Average closed below 9,000, 680 points down this afternoon, signaling that the financial panic continues. Part...Tags: Barack Obama, Stock Market, Economic Indicator, General Motors Corp., John McCain
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OPEC to hold meeting in Nov. on oil prices
NEW YORK OPEC said yesterday that it will hold an extraordinary meeting Nov. 18 to discuss how the widening global financial crisis is affecting oil prices, a move that could lead to a coordinated production cut in a bid to halt crude's steep losses. In a...Tags: Commodity Markets, Petroleum Industry, Energy Saving
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Dow dips below 9,000 for first time since 2003
The Associated PressStocks plunged in the final hour of trading today, sending the Dow Jones industrial average down 679 points -- more than 7 percent -- to its lowest level in five years after a major credit ratings agency said it might cut its rating on General Motors...Tags: International Business Machines Corporation, Financial Markets, Stock Market, Petroleum Industry, Earnings Forecasts
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Crude Closes Below $87, Lowest Level In A Year
Associated PressOil prices closed at their lowest level in a year Thursday, falling below $85 a barrel even after OPEC signaled that it may try to slow crude's downward spiral by cutting production. At the pump, retail gas prices kept falling, with a gallon of regular...Tags: Commodity Markets, AAA, Petroleum Industry, Energy Saving, Wright Express Corporation
Oct 11, 2008
|Story| Associated Press
Oct 11, 2008
|Story| Chicago Tribune
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 11, 2008
|Story| Newsday
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Los Angeles Times
Oct 10, 2008
|Blog| Chicago Tribune
Oct 10, 2008
|Story| Baltimore Sun
Oct 9, 2008
|Story| Associated Press
Oct 10, 2008
|Story| Hartford Courant
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