Archive for March, 2009

Lennar Reports Wider First-quarter Loss; Orders Drop

March 31 — Lennar Corp ., the second-worst performing U.S. homebuilding stock last year, reported a wider first-quarter loss as the housing slump cut orders by 28 percent and forced the company to write down land. (53 secs to go)

Yen, Dollar Gain on Concern U.S. Carmakers May Face Bankruptcy

March 30 — The yen and the dollar rose against the euro after a U.S. government official said bankruptcy may be the best option for General Motors Corp. (7 mins ago)

Obama’s energy plan faces doubters

Indianapolis-based Earth-Solar Technologies Corp. has enjoyed a steady increase in interest in its solar energy systems since starting up two years ago. And business will only get better if Congress passes Obama’s plan to curb global warming by making it more expensive to emit greenhouse gases. (15 mins ago)

Deflation in Japan, inflation slides in Europe

Japan slipped to the brink of deflation and inflation in Europe slid closer to zero, underlining a threat to the world economy before next week’s G20 summit which is supposed to produce a cure for the crisis. (5 mins ago)

India Will Need More Economic Stimulus Measures, Ahluwalia Says

March 27 — India will need to introduce further measures to stimulate the economy, said Montek Singh Ahluwalia , deputy chairman of the nation’s Planning Commission. (6 mins ago)

New home sales edge up in February

Low prices, cheaper mortgages and incentives all coming into play (3 mins ago)

State ranks 4th in income growth

Oklahoma ranked No. 4 nationally in percentage growth of personal income last year, a new report shows. (10 mins ago)

Yen Drops to Five-Month Low Versus Euro as Investors Seek Yield

March 24 — The yen fell to a five-month low against the euro on speculation U.S. plans to help banks dispose of toxic assets will give investors the confidence to seek higher yields. (2 mins ago)

Low pay, coupled with working conditions, causing correction officer shortages

After watching the amount of overtime paid out to guards and the amount of contraband found in prisons skyrocket, the Texas Department of Criminal Justice is asking the Texas legislature for a 20 percent pay increase for corrections officers . (47 secs ago)

Layoffs hit a wide range of industries

Sergio Barreto landed his first job out of college, as a maintenance engineer for United Airlines, during the recession that began in 1990. He survived the next one a decade later, selling semiconductor materials. This time, he may be out of luck. (51 mins ago)