UPDATED 4 MINUTES AGO   November 20, 2009

Go to:
Search:
Zipcode:
SouthernLedger

Chart shows the yield on the three-month T-bill
By STEVENSON JACOBS

NEW YORK (AP) — The U.S. is finally becoming a nation of savers. Now if only we could get something for our money.

Interest rates are sinking to near zero for the first time since last year's financial meltdown,...

Stocks fall for 3rd day as dollar strengthens

NEW YORK (AP) — Investors can't shake their fears that the economy isn't keeping up with the stock market.

Stocks fell for a third straight day Friday as a disappointing...

Small Florida bank shuttered, 124th this year

WASHINGTON (AP) — Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising...

AP News in Brief

Three Democratic moderates to decide fate of health bill — for now — in crucial Saturday vote

WASHINGTON (AP) — Suitably opaque, Section 2006 takes up only a few dozen lines in...

Fla. jobless rate climbs to 11.2 percent in Oct.

TALLAHASSEE, Fla. (AP) — Florida's unemployment rate continued its steady upward climb in October to 11.2 percent — a mark last seen in the 1970s and a tenth of a percentage point higher...

Treasury prices fall, yields inch off lows

NEW YORK (AP) — Treasury prices mostly fell Friday, pushing their yields higher. Yields on short-term bills hovered near their lows of the year.

The yield on the three-month T-bill,...

Dollar keeps gaining as traders pare risk exposure

NEW YORK (AP) — The safe-haven dollar further strengthened Friday and Treasury yields hovered around their lows for the year as worries about the economy in 2010 diminished traders'...

Ariz. lawmakers may have December special session

PHOENIX (AP) — Arizona legislators are still struggling to conclude their special session on the state's budget troubles but already are working on ideas for another one that could be held...

Nevada jobless rate dips to 13 percent in October

CARSON CITY, Nev. (AP) — Nevada's unemployment rate dipped in October, but economists cautioned Friday that while the figures are encouraging, they're more a reflection of a shrinking job...

Flu season, ailing economy aiding Mich. drug maker

ALLEGAN, Mich. (AP) — Record profits. Job openings. Shareholders making money. It's not what you might think in Michigan, home to the country's highest unemployment rate, but a century-old...

ALL BUSINESS: Economics 101, by way of toy hamster

NEW YORK (AP) — In a world full of economic indicators, the best one during the holiday season may prove to be a furry toy hamster.

Zhu Zhu Pets are the must-have hit for...

Kansas jobless rate dips to 6.4 percent in October

TOPEKA, Kan. (AP) — Kansas' unemployment rate declined to 6.4 percent in October, though a state labor analyst cautioned Friday that the job market remains weak.

The new report...

Economists: Mich. will keep losing jobs in 2010

ANN ARBOR, Mich. (AP) — Michigan's economy will improve in 2010, but only in comparison to what has been "one of the most brutal years in a generation," University of Michigan economists...

A look at economic developments around the globe

A look at economic developments and activity in major stock markets around the world Friday:

___

LONDON — World stock markets fell amid mounting concerns about the pace of...

California unemployment rate hits 12.5 percent

SAN FRANCISCO (AP) — California's unemployment rate rose to 12.5 percent in October to set another modern record, even though more than 25,000 Californians found jobs, the state Employment...

Texas jobless rate up, but so is number of jobs

AUSTIN, Texas (AP) — Texas' unemployment rate inched up to 8.3 percent in October while the state bucked a yearlong trend by adding jobs, officials said Friday.

The state's jobless...

Russia's Gorbachev considers political comeback

MOSCOW (AP) — Former Soviet leader Mikhail Gorbachev criticized Kremlin policies Friday and toyed with the ambitious idea of attempting a political comeback.

Gorbachev said that...

Downbeat Dell weighs on world markets

LONDON (AP) — World stock markets fell Friday amid mounting concerns about the pace of the U.S. economic recovery following a disappointing earnings update...

Vt. nuke critics renew campaign against relicense

BURLINGTON, Vt. (AP) — Hoping to sway lawmakers, two of the state's most famous residents and one of its former governors joined groups opposed to the Vermont Yankee nuclear power...

Hunter plans bargaining meeting with Stern soon

NEW YORK (AP) — NBA players' association director Billy Hunter plans another negotiating session soon with commissioner David Stern, and here's something that might come up.

The...

Dollar keeps gaining as traders pare risk exposure

NEW YORK (AP) — The safe-haven dollar kept rising Friday and Treasury yields hovered around their lows for the year as worries about the economy in 2010 continued to weigh on traders'...

Trichet: time to withdraw some support measures

FRANKFURT (AP) — Although it is too early to say the crisis is over, it is time to withdraw some of the policy measures that supported the financial system through the credit...

Oil moves down near $77 amid economic uncertainty

Oil prices edged down toward $77 a barrel on Friday after a drop in many stock markets and amid concern about the strength of the global economic recovery.

By early afternoon in...

Japan warns that deflation can drag on recovery

TOKYO (AP) — Japan's government highlighted the danger of deflation for the first time in three years Friday, warning that falling prices and a further worsening of the labor...

China raises nonresidential electricity rates

SHANGHAI (AP) — China raised electricity rates for businesses and industries Friday, part of a long-term effort to adjust prices to reflect costs and promote energy saving as the country...

Olympic lodging plan off because of rough economy

VANCOUVER, British Columbia (AP) — An Olympic housing plan in which thousands of visitors would have stayed on cruise ships has been called off because of the rough economy.

As many...

Editorial Roundup: Excerpts From Recent Editorials

Excerpts from recent editorials in newspapers in the United States and abroad:

Nov. 15

San Antonio Express-News, on the swine flu vaccine:

Health and Human Services...

Stronger dollar, weak economic data pummels stocks

NEW YORK (AP) — Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar.

Major indexes...

AP News in Brief

Republicans assail health care bill, Democrats set Saturday night test vote on Senate measure

WASHINGTON (AP) — Digging in for a long struggle, Republican senators and governors...

Foreclosures hitting more people with good credit

WASHINGTON (AP) — The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns...

Business Highlights

Foreclosures hitting more people with good credit

WASHINGTON (AP) — The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of...

Gold edges higher even as other commodities fall

NEW YORK (AP) — Gold and silver recovered from early losses Thursday, but other commodities fell as the dollar strengthened.

Investors sought safety in the U.S. currency, Treasurys...

STIMULUS WATCH: Did White House overplay job data?

WASHINGTON (AP) — The government watchdog overseeing economic stimulus spending said Thursday that, in its rush to take credit for saving hundreds of thousands of jobs, the Obama...

Think tank: Eliminate Utah Office of Tourism

SALT LAKE CITY (AP) — A conservative think tank that is influential with the state's Republican-controlled Legislature wants to abolish the Utah Office of Tourism.

The...

Food banks burdened by high demand in sour economy

WASHINGTON (AP) — Soup kitchen workers are seeing new faces in line and charities are taking more calls for help as the recession makes for a...

Feds report fewer workplace deaths in New England

BOSTON (AP) — New England recorded fewer work-related deaths last year, the U.S. Bureau of Labor Statistics reported Thursday, a trend that could be at least partly attributable to the...

Study abroad? College students drop, rethink plans

PROVIDENCE, R.I. (AP) — Economic reality may be cooling the enthusiasm of U.S. college students to study abroad.

A survey in September by The Forum on Education Abroad has found...

Economy, ash spill mean no TVA executive bonuses

KNOXVILLE, Tenn. (AP) — Tennessee Valley Authority's top executives were told Thursday during a meeting in Kentucky not to expect performance bonuses this year because of a drop in...

Selig: Some clubs lost money

CHICAGO (AP) — Some teams lost money in 2009, baseball commissioner Bud Selig said Thursday after the final owners meeting of the year.

"There was no question about...