Consumer's mood improves a bit in August

Consumer confidence improved slightly in early August thanks to a drop in gasoline prices, but worries about a recession still weighed heavily on consumers' minds, a survey shows.

J.C. Penney's quarterly profit falls

J.C. Penney Co Inc said on Friday quarterly profit fell 36 percent and forecast earnings for the current quarter below Wall Street expectations, hurt by cutbacks in consumer spending.

Post office posts $1.1 billion loss in 3rd quarter

The Postal Service had a net loss of more than a billion dollars in the third quarter of the fiscal year, the agency said Wednesday.

Ford says it has hit salaried worker cuts goal

A top Ford Motor Co. executive said Wednesday the company met its goal of cutting 15 percent of its North American salaried costs by Aug. 1.

Why just one cigarette can hook some smokers

For some people, one cigarette is all it takes to become hooked on nicotine, while others are repelled by it.

Service sector contracts as prices rise

A private research group says the U.S. service sector contracted in July as new orders decreased and prices rose, stifling growth for truckers, retailers and insurers.

O.J. Simpson co-defendant pleads guilty

A fourth person pleaded guilty Monday in the O.J. Simpson armed robbery and kidnapping case, agreeing to testify against the Hall of Fame football player and one remaining co-defendant.

Bush hails Pakistan as strong ally in terror fight

President Bush said �Monday that Pakistan is a strong ally in the fight against terrorists and committed to securing its border with Afghanistan.

GM sees several potential buyers for Hummer

General Motors Corp. says several outside parties are interested in buying its Hummer brand, known for its huge, rugged vehicles that come with poor fuel economy.

The latest bubble to burst? Trucks and SUVs

Add your pickup truck or SUV to the list of things like your stock portfolio, your 401K, and your house that aren't worth what they were just a few months ago.

Food industry bitten by its lobbying success

One of the worst outbreaks of foodborne illness in the U.S. is teaching the food industry the truth of the adage, "Be careful what you wish for because you might get it."

New Refinery? Not Happening.

And then there was one.

Fannie, Freddie bailout could cost $25 billion

A federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion, Congress' top budget analyst said Tuesday.

Indicators: Economy continues to contract

The economy contracted in June as factories cut workers' hours and stocks tumbled, a private business group said Monday.

McCain touts plan to create jobs, help workers

The Republican presidential candidate acknowledged the steep drop in U.S. jobs and said he would help the economy by cutting taxes, encouraging free trade, and building nuclear power plants.

Nine in 10 expect high costs to squeeze them

Nine in 10 are expecting the ballooning costs to squeeze them financially over the next half-year, an Associated Press poll released Monday says.

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