BY STEPHEN MANNING
AP Business Writer
WASHINGTON — The government’s cash for clunkers program has been so popular that the $1 billion fund set aside to pay for it has nearly dried up. With the chance to take up to $4,500 off…
BY CHRISTOPHER S. RUGABER
The Associated Press
WASHINGTON — Friday’s report on the gross domestic product has led many analysts to believe that the economy will see a much healthier rebound later this year than was previously expected.
But the rapid rebound may…
By one important measure – jobs – the St. Louis economy has been shrinking since May 2007, well before the national recession began.
That sunny spring month is when employment last peaked here, according to new seasonally-adjusted jobs numbers supplied by…
One of the most talked-about questions at the North American International Auto Show has been when U.S. sales – and the auto industry — will rebound or at the very least, stabilize. Several analysts, including Ford Motor Co.’s U.S. sales analyst…
Chrysler LLC has reduced its 2008 Dodge Ram inventory to about one month’s supply, or 7,000 units, said Steven Landry, executive vice president of North American sales and marketing, global parts and service.
Still, inventories for the older 2008 model year…
With the economy mired in a funk, many retailers saw steep declines in holiday sales. An exception? Utilities. They saw gains in sales of gift certificates that allow consumers to pay their friends’ or family’s natural gas or electric bills, according to…
Looking for a good rundown on how we got to where we are in this economic mess?
Check out this new website from the St. Louis Federal Reserve Bank.
http://www.stlouisfed.org/timeline/default.cfm
It’s a front-to-back look at the financial crisis that’s built over the last…
Call it a sign of the times.
The office that handles unemployment claims for the state of Missouri said Thursday that it will extend its hours, boost overtime and hire 35 “emergency temporary helpers” to cope with increased demand for its…
In Wednesday’s paper, we had a story about new unemployment figures showing the jobless rate in the St. Louis area at 6.9 percent.
That’s pretty high.
But today, we got new data that irons out the seasonal variations in that unemployment number. And…
America can expect several more dreary months of recession, says Commerce Bank bond guru Scott Colbert.
At best, the nation can expect to hit an economic bottom in June, July or August before beginning a slow recovery, Colbert said Tuesday at the…
