AP -
WASHINGTON - The efficiency of America's workers grew at a slightly slower pace in the spring as companies sought to produce more with leaner work forces. Workers' compensation growth slowed, too.
Friday, August 8, 2008
Productivity growth slows to 2.2 percent in spring
AP -
WASHINGTON - The efficiency of America's workers grew at a slightly slower pace in the spring as companies sought to produce more with leaner work forces. Workers' compensation growth slowed, too.
Stocks jump as oil prices fall sharply
NEW YORK - Stocks rebounded Friday from a sell-off a day earlier as a sharp drop in oil prices eased worries over a quarterly loss from mortgage finance company Fannie Mae that was more than triple what Wall Street expected. The Dow Jones industrials rose about 175 points.
Wall Street jumps as oil drops
Reuters NEW YORK (Reuters) - Stocks rose on Friday as a further drop in oil prices buoyed hopes that inflation will ease, stimulating spending by businesses and consumers, which would restore corporate profit growth.
Fannie Mae loses $2.3B in quarter as defaults rise
WASHINGTON - Fannie Mae swung to a second-quarter loss that was more than triple what Wall Street expected as conditions in the housing market continued to deteriorate, forcing the mortgage finance giant to make bold cutbacks that will send shock waves through the mortgage market.
GM says to spend $900 million on restructuring
DETROIT (Reuters) - General Motors Corp said on Thursday it expects to spend $900 million over the next few years to adjust its manufacturing capacity, including closing plants and reducing output.
GM agrees to lend Delphi $300 mln more
(Reuters) - General Motors Corp agreed to lend Delphi Corp a further $300 million as the automaker's former parts unit struggles to exit bankruptcy protection, courts papers show.
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