Economy

Lansing -- University of Michigan economists said Michigan, with the highest unemployment rate in the nation, should see a slight resurgence in late 2011.

New York, November 20 -- According to a recent report by the Mortgage Bankers Association Thursday, delinquencies and home repossessions are rising like never before, the chief reasons being job losses and easy money lending.

Singapore, November 13 -- China, India and other Asian countries are leading the world out of the ongoing credit crunch, said business leaders Friday at the annual meeting for Asia Pacific Economic Cooperation (APEC) in Singapore.

New York, November 12 -- As increasing number of home owners defaulted on their mortgage payments, foreclosure filings in the nation crossed 300000 for the eight month straight, according to data provider RealtyTrac Inc.

Tokyo, November 12 -- Treasury Secretary Timothy Geithner said Wednesday that it is “very important” for the country’s economy to maintain a strong dollar to reduce its fiscal deficit.

Washington, November 11 -- Connecticut Democrat and Senator Christopher Dodd unveiled a reform bill on Tuesday that will impose higher capital requirements on financial institutions.

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.