Topic: United States

Analysis: Economy to show stamina as global growth slows

WASHINGTON (Reuters) - The economy is gaining momentum and should push through next year with only a few bruises despite an almost certain European recession and slower global growth.A firming in the anemic labor market should put the economy in reasonable shape ...

Analysis: For euro zone, a year of deleveraging dangerously

LONDON (Reuters) - With governments laboring under too much debt and banks hobbled by too little capital, 2012 is shaping up as another year of hard slog for Europe's economy that could yet test the single currency to destruction.The Netherlands on Thursday ...

Existing home sales jump in November

WASHINGTON (Reuters) - Sales of previously owned homes surged in November, but revisions to data for the last four years showed the housing market recession was deeper than previously thought.The National Association of Realtors said on Wednesday existing home sales increased 4 ...

Revenues up for state, local governments

WASHINGTON (Reuters) - Tax revenues of U.S. state and local governments rose in the third quarter, the U.S. Census said on Tuesday, marking the eighth straight quarter of growth and heralding the promise of continued economic recovery in areas where revenues collapsed ...

Many Rhode Island cities can't escape money woes

(Reuters) - The coming year will not bring much relief from the financial woes dogging cities and counties in Rhode Island, primarily because of a snarl of public pension problems, Moody' s Investors Service said on Monday."Local governments in Rhode Island are ...

Eurozone bank failures could cause U.S. credit squeeze: Kaufman

(Reuters) - Euro-zone bank failures could lead to a credit squeeze in the United States, hurting an already subpar U.S. economic recovery, warned the well-known Wall Street economist Henry Kaufman.A deterioration in the European financial system "could cause some of the American ...

US business sees hope at home, gloom abroad

Something is stirring in corporate America. Heading into 2012, years of nervous uncertainty about the fate of the world's largest economy has been replaced with a slightly different form of nervous uncertainty."We're probably not moving into a double-dip recession," said Brian Derksen, ...
OPTIMISM IS NOTHING NEWSouthern Nevada is experiencing the end of its four-year economic decline and has begun to show economic growth, with "slight upward" job gains on the horizon due to an ongoing increase in tourism, said Stephen Brown, director of UNLV's ...
Hong Kong has overtaken the United States and Britain to rank top in a World Economic Forum survey on countries' financial health published on Tuesday.Strong scores in non-banking financial services such as initial public offering (IPO) activity and insurance helped lift Hong ...

Bayer CEO eyes falling margins in drugs, plastics

FRANKFURT (Reuters) - Bayer expects to see falling profit margins in drugs and plastics as the euro debt crisis sends tremors through economy, chief executive Marijn Dekkers told a German newspaper."There is an increasing trend towards cost-cutting on medicines, so the debt ...
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