Diane Alter – AHN News Reporter
Washington, D.C., United States (AHN) – Congress Friday swiftly passed a deal to extend the payroll-tax cut through the end of 2012, continue paying unemployment benefits and avoid a steep cut in Medicare doctors’s fee, moving forward from a lengthy fight that had tied [...] Continue Reading…
February 17th, 2012
Payroll-tax cut pact passes Congress
February 6th, 2012
Employers added 243,000 jobs in January
Linda Young – AHN News Writer
Washington, D.C., United States (AHN) – Employers added 243,000 jobs in January, an increase over the 203,000 jobs added in December, the U.S. Department of Labor reported on Friday. Hiring was stronger than expected and many economists were surprised. Private sector job [...] Continue Reading…
January 15th, 2012
Banking giant JPMorgan reports big drop in profits
Linda Young – AHN News Writer
New York, NY, United States (AHN) – Wall Street banking giant JPMorgan reported a steep plunge in its quarterly earnings Friday morning caused by large losses in its investment banking and trading divisions. JPMorgan is the nation’s largest bank by assets. Bank [...] Continue Reading…
January 4th, 2012
Eurozone service sector downturn slows but recession still possible
Linda Young – AHN News Writer
Brussels, Belgium (AHN) – Downturn in the growth of the eurozone service sector slowed in December, according to a survey. The closely watched Markit eurozone service purchasing managers’ index (PMI) was 48.8 in December. Although any score under 50 represents a contraction, the [...] Continue Reading…
December 24th, 2011
No. 1 worry among Americans is the economy
Diane Alter – AHN News Reporter
New York, NY, United States (AHN) – It’s the economy that keeps Americans up at night, on edge and worried, revealed a new CNN/ORC International poll released Friday. Some 70 percent said that things are not going well in the United States, with [...] Continue Reading…
December 13th, 2011
Eurozone crisis pushes Swiss to lower economic growth forecast
Linda Young – AHN News Writer
Geneva, Switzerland (AHN) – The worsening eurozone crisis caused Swiss government officials Tuesday to lower the nation’s expected economic growth forecast for 2012. They now predict that the gross domestic product will only grow by 0.5 percent instead of the 0.9 percent previously [...] Continue Reading…
December 2nd, 2011
German chancellor warns financial crisis solution will take years
Diane Alter – AHN News Reporter
Berlin, Germany (AHN) – German Chancellor Angela Merkel has pushed for stronger rules against overspending as the long-term answer to Europe’s debt crisis and says the fixes for the eurozone’s flaws must be written into changes in the basic EU treaty. The German [...] Continue Reading…
November 21st, 2011
Thanksgiving holiday gas prices poised to set record-high
Linda Young – AHN News Writer
Washington, D,.C., United States (AHN) – Holiday travelers will spend more at the pump to drive to grandma’s house for a turkey dinner this year. Soaring gas prices will likely set record high prices for the Thanksgiving holiday despite the fact that prices [...] Continue Reading…
November 10th, 2011
Cottage industries offer hope in former war zone
Colombo, Sri Lanka (IRIN) – Cottage industries such as poultry farming, home gardening and bee-keeping are becoming increasingly popular among returnees in Sri Lanka’s former northern conflict zone as alternatives to regular jobs, officials say. “We have seen a lot of applications for loans for poultry and home [...] Continue Reading…
October 30th, 2011
U.S. stocks slip Friday on uncertainties following European bailout deal
Diane Alter – AHN News Reporter
New York, NY, United States (AHN) – U.S. stocks slipped into the red Friday morning after uncertainties lingered following Thursday’s European deal to tackle the eurozone debt crisis. Shortly after 10 a.m., the Dow Jones Industrial Average was down 3 points, the [...] Continue Reading…
