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Leading economic indicators up in April,1st rise since June
WASHINGTON (Reuters) — A private research's group forecast of economic activity rose more than expected in April, the first gain since June 2008, suggesting a pickup in growth awaits the economy in the second half of 2009.
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Fed sees weaker recovery for economy through 2011
The Federal Reserve said the economy will be weaker than it initially forecast through 2011, though the central bank still expects the recession to end this year. |
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American Express says it will eliminate 4,000 jobs
NEW YORK (AP) — American Express(AXP) said Monday it is eliminating about 4,000 jobs as part of a plan to slash another $800 million in costs for the remainder of the year. |
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3M CEO George Buckley focuses on leadership training
George Buckley, CEO at leadership-leader 3M, says the company has focused on leadership development despite the recession.
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White House defends 3.5M job forecast
WASHINGTON — The Obama administration is defending its projection that the economic stimulus plan will save or create 3.5 million jobs in a new report to be released today, saying that the figure is a cautious estimate based on a "relatively conservative rule of thumb" about the national economy.
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