Economy

New York, November 7 -- The nation's unemployment rate jumped to 10.2 percent, hitting double digits for the first time ever in 26 years.

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Tempe-- Activity in the U.S. service industries sector grew for the second consecutive month in October, an industry group said Wednesday.

Washington, November 2 -- The Wall Street Journal said in a report Monday that U.S. companies are hoarding the highest cash in the last 40 years, despite being hurt by the global meltdown.

Washington, November 1 -- President Barack Obama brought optimism and cheer Friday, when he announced that U.S. economic growth in third quarter shows recession is abating.

Los Angeles, October 31 -- U.S. Bancorp has acquired nine banks held by the FBOP Corp., seizing $18.4 billion assets in a move to pull the banks through the ongoing financial crisis.

Washington -- The same weak dollar that is giving the U.S. economy a boost is causing consternation abroad, foreign exporters say.

New York, October 29 -- Economists estimate a 3.2 percent GDP growth in the third quarter, thereby putting an end to the woes of the economy.

Washington, October 28 -- The gains in U.S. home prices in recent months have failed to buoy the confidence amongt consumers.

Washington, October 26-- California based Fisker Automotive Inc. plans to manufacture plug-in electric cars in the former General Motors assembly plant at Delaware, people with the knowledge of the situation said Friday.