United States

• Monday, April 14th 2008 - 21:00 UTC

  US fourth largest bank looking for 7 billion cash injection

  The United States fourth-largest bank Wachovia Corporation reported a 393 million US dollars loss in the first quarter and has been forced to cut its dividend and seek a 7 billion US dollar cash injection to make up its mortgage business.

• Wednesday, April 9th 2008 - 21:00 UTC

  Safety: American Airlines cancels 500 flights

  

  American Airlines expects to cancel more flights on Wednesday after cancelling about 500 on Tuesday.

• Saturday, April 5th 2008 - 21:00 UTC

  Unemployment in the US jumps to 5.1% in March

  Unite States employers shed 80.000 jobs in March, Labor Department figures have shown, in the latest sign that the US economy may be falling into recession. The decline was the third monthly drop in succession, and worse than market expectations of a 60,000 reduction.

• Thursday, April 3rd 2008 - 21:00 UTC

  Bernanke in Congress admits “recession” is in his vocabulary

  

  Federal Reserve Chairman Ben Bernanke warned on Wednesday that US gross domestic product (GDP) could contract in the first six months of 2008. If this happens the US would be in recession since two consecutive three-month periods of negative growth is generally accepted as such.

• Tuesday, April 1st 2008 - 21:00 UTC

  Paulson proposes biggest overhaul of US financial sector

  

  The United States Treasury revealed on Monday its blueprint for the biggest overhaul of regulation of the financial sector since the stock market crash of 1929 and the ensuing Great Depression.

• Sunday, March 30th 2008 - 21:00 UTC

  US Fed to be grilled over massive support to financial system

  

  United States Federal Reserve will make a further 100 billion US dollars available to major banks in April, trying to ease concerns about a global credit crunch. The sum, offered across two auctions, is in addition to 260 billion US dollars provided in short-term loans to the end of March.
  
  Other unorthodox steps include the Fed allowing investment banks to borrow from it directly, previously only possible for commercial banks.

• Wednesday, March 26th 2008 - 21:00 UTC

  United States economic misery continues

  

  The US economy is continuing its economic downturn although it would be “premature” to officially declare a recession, the Organisation for Economic Co-operation and Development (OECD) has said.

• Tuesday, March 25th 2008 - 21:00 UTC

  USDA: Raising a child to adulthood costs 204.000 US dollars

  

  Middle income families in United States should calculate that raising a child born in 2007 to adulthood will demand an estimated 204.060 US dollars in food, housing and education costs, according to an annual report from the US Department of Agriculture.

• Monday, March 24th 2008 - 21:00 UTC

  US bakers warn about high wheat prices and shortages

  United States bakers are feeling the pinch of higher wheat prices and have been visiting Washington warning about the possible consequences for the US consumer if the current price level persists, reports FarmPolicy.com (*).

• Friday, March 21st 2008 - 21:00 UTC

  OECD forecasts US economy zero growth in second quarter

  United States economic growth is grinding to a halt, but the Euro zone is doing relatively well so far, according to the latest assessment from the Organisation for Economic Cooperation and Development.