Highlights
A collection of news and information related to Business published by Tribune Company sources.
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Requiring Retirement Account Pullouts At 70½ Debated
Associated PressThere's some sentiment that a government rule that forces retirees to withdraw money from their IRA and 401(k) accounts when they turn 70½ may need to be changed. That's because people are living longer and need to keep as much of their retirement...Tags: Internal Revenue Service, Personal Finance, People, Bobby Brown, Business Institutions
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Freddie Mac overstated capital base
New York Times News ServiceThe government's planned takeover of Fannie Mae and Freddie Mac, expected to be announced as early as Sunday, came together hurriedly after advisers poring over the companies' books for the Treasury Department concluded that Freddie's accounting methods...Tags: Morgan Stanley Dean Witter & Company, Homes, Federal Reserve, Freddie Mac, J.P. Morgan Chase & Co.
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Job-seekers swamping Lake library computers
Sentinel Staff WriterIt's tough to find an empty computer spot at the Tavares Public Library. More people are trying to catch computer time at the library so they can sign up for unemployment benefits, hunt for jobs or even arrange paperwork needed for required drug tests...Tags: Unemployment, Lady Lake, Employment
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Troubles spread to prime Md. mortgages
The share of Maryland homeowners behind on their prime mortgages shot past 4 percent for the first time this spring, a sign that loan troubles are spreading beyond borrowers with shaky credit.
More than 36,000 prime loans in Maryland were delinquent or...Tags: Banking, Labor Legislation, Loans, Mortgages, Financial and Business Services
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U.S. jobless rate tops 6% for first time in five years
Associated PressThe nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years - and it's likely to go even higher in the months ahead, possibly throwing the economy into a tailspin as Americans...Tags: Job Layoffs, Unemployment, Restaurant and Catering Industry
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Pink slips pile up
The nation's unemployment rate soared to its highest level in five years last month. 6.1% Jobless rate for August, up from 5.7% in July. Many companies are expected to feel pressure to reduce their business investments -- either in capital projects or...Tags: Unemployment
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Unemployment rate doesn't count key groups
Actually, the jobless situation is even worse than it looks. By some measures, think more than 10 percent. When the Labor Department measures unemployment, it doesn't include people who have grown discouraged and quit looking for work, nor those who...Tags: Northern Trust Corporation, Unemployment
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Jobless rate up, signals 'R' word
Chicago Tribune reporterThe nation's jobless rate jumped to 6.1 percent in August—its highest level in five years—as U.S. employers accelerated workforce cuts in response to weakening economic conditions. The Labor Department reported Friday that employers chopped...Tags: Michael Gregory, Economy, Unemployment, Wages and Pensions, Industrial Production
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Jobs report sends markets further into bear territory
The Associated PressWall Street wrestled with intensifying economic worries Friday, extending sharp losses after a disheartening jobs report and then grudgingly engaging in some mild bargain hunting that gave the market some modest gains. The major indexes ended the week...Tags: Stock Activities, Unemployment, Wages and Pensions, Stocks
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U.S. job losses point to economy in recession
carrie.mason-draffen@newsday.comThe U.S. economy turned in a worse performance than economists had predicted for August, with bigger job losses and the highest unemployment rate in five years. The latest report once again raised the specter of a recession. The nation lost 84,000...Tags: Long Island, Housing Industry, Job Layoffs, Unemployment, Federal Reserve
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Unemployment hits 5-year high
Of The Associated PressThe nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years -- and it's likely to go even higher in the months ahead, possibly throwing the economy into a tailspin as Americans pick...Tags: Unemployment, Wages and Pensions, Government, The White House, John McCain
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U.S. Unemployment Rate Hits 6.1%
The Associated PressThe nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike. The Labor Department's...Tags: Unemployment, Tyson Foods Incorporated, Wages and Pensions, The White House, Financial and Business Services
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Sep 7, 2008
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Sep 5, 2008
|Story| Associated Press
