| Obama assails GOP, promotes new jobs program
(AP) |
AP - A combative President Barack Obama rolled out a long-term jobs program Monday that would exceed $50 billion to rebuild roads, railways and runways, and coupled it with a blunt campaign-season assault on Republicans for causing Americans' hard economic times.
|
|
| Obama to propose plant, equipment tax write-off
(Reuters) |
Reuters - President Barack Obama will propose on Wednesday that businesses be allowed to write off all their new investments in plant and equipment through 2011, an administration official said on Monday. |
|
| As Democrats fear rout, Obama launches new jobs push
(AFP) |
AFP - US President Barack Obama Monday promised more than 50 billion dollars to create jobs rebuilding roads, railways and airports, targeting huge unemployment and ripping resurgent Republicans.
|
|
| (AP) |
AP - President Obama says rewarding greed, recklessness, special interests won't fix economy. |
|
| Greeting card giant Hallmark heads for 2nd century
(AP) |
AP - Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.
|
|
| Fed should not set limit on economy aid: Kohn
(Reuters) |
Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said. |
|
| World stocks gain, dollar falls
(AFP) |
AFP - Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.
|
|
| Labor secretary: Obama doing good job on economy
(AP) |
AP - Labor Secretary Hilda Solis is defending President Barack Obama's efforts to combat the recession and unemployment, saying his focus has been on helping the jobless and underemployed. |
|
| Obama to launch political offensive on economy
(AFP) |
AFP - US President Barack Obama will travel to the Midwestern US state of Wisconsin Monday as part of a broad effort to stem ebbing political support over the slowing economic recovery.
|
|
| China Inc gets new chairman as state-owned firms' clout grows
(Reuters) |
Reuters - Wang Yong, a name little heard on the global business stage, has become boss of the world's biggest mobile telecom carrier, the most valuable coal producer and Asia's top oil refiner. |
|
| Oil hovers above $74 as traders eye US economy
(AP) |
AP - Oil prices slipped to near $74 a barrel Monday in Asia as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment.
|
|
| Obama to propose 100 billion tax credit
(AFP) |
AFP - President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported.
|
|