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The global recession has been catastrophic for one of the world's most popular tourist desitinations: Spain. Business is off and unemployment is up as Britons and other northern Europeans pinched by the poor economy stay home. ()
The jobless rate climbed to a 26-year high as payrolls fell a larger-than-expected 467,000 in June. ()
With consumer spending 40 percent below year-ago levels, retailers have plenty to worry about. ()
July 2, 2009 · You may want to double-check before you head out on July 4 for the annual fireworks show. Dozens of towns are canceling their Fourth of July celebrations this year owing to lack of funds. ()
July 2, 2009 · Michael Medina is looking for a job that will make him as happy as he once was when he worked as a janitor. He's aided by a job coach from the Arc of San Francisco, part of a national nonprofit network that helps people with developmental disabilities find general employment. ()
July 2, 2009 · More jobs were lost last month than expected, but the Obama administration's economic stimulus package promises to create 600,000 jobs by the end of the summer. Mark Zandi, the chief economist at Moody's Economy.com, says that without the stimulus, the numbers would be worse. ()
July 2, 2009 · Many Saturn dealers and customers were relieved after hearing that Roger Penske would buy the company from General Motors. Penske has a reputation as a dynamo in his many business endeavors, but the company will be entering uncharted waters with the Saturn venture. ()
July 2, 2009 · In 2004, an investigator with the Securities and Exchange Commission warned superiors of inconsistencies in convicted fraudster Bernard Madoff's trading practices. She was, however, told to focus on other investigations. Zachary Goldfarb, a business and economics reporter with The Washington Post, offers his insight. ()
July 2, 2009 · As the newspaper industry shrinks, investigative reporters are taking jobs with unconventional news outlets, academia, government agencies and the corporate world. ()
July 2, 2009 · Thanks to heavy public spending, the special traffic lanes reserved for construction vehicles in Abu Dhabi are every bit as crowded as they were before the global financial crisis hit. With oil prices near $70 a barrel, Gulf states are in a relatively strong position to weather the downturn, but analysts warn that more trouble could be ahead. ()
July 2, 2009 · Recent college graduates are finding out that an economic downturn is not the best time to be searching for work. But they do have a leg up on older job hunters: It's a lot easier for a 22-year-old — unburdened by mortgage and kids — to go to where the work is. ()
July 1, 2009 · California is poised to issue IOUs as the state Legislature and Gov. Arnold Schwarzenegger fail to reach an agreement; several other states face issues of their own. ()
July 1, 2009 · The days of constant TV ads and pesky phone pitches to switch long-distance service are long gone. Changes in telecommunications industry ground rules, and new competition from cable, Internet and wireless have transformed the business. ()
July 1, 2009 · Construction spending fell a greater-than-expected 0.9 percent in May, a sign the problems facing the nation's builders are far from over. The drop was nearly double the 0.5 percent decrease that private economists expected and activity in the past two months was revised lower. ()
June 30, 2009 · Consumers' confidence in the economy fell unexpectedly in June as shoppers continued to worry about job security, a private research group said Tuesday. The dip follows rises in April and May that were helped by a rallying stock market. ()
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