Worldwide Business News

Blair says economic sanctions on Palestinian Authority should be
Forbes - In Geneva, the UN’s trade and development agency said the Palestinian economy is declining to a level not seen for a generation amid an international freeze on aid. In a report, the UN Conference on Trade and Development (UNCTAD) said the Palestinians

OPEC official warns of ‘new price era’
Syracuse Post-Standard - Underscoring growing concerns of a global economic slowdown, the head of the International Monetary Fund said Tuesday he predicts a “continued smooth ride” for the world economy but cautioned that there are signs of potential trouble ahead after

Smaller SUVs are revving up
Courier News - In our real-world fuel-economy tests, the best small SUVs have gotten 21 to 23 miles per gallon overall, compared with the 14 mpg of the midsized V8 Ford Explorer and Jeep Grand Cherokee. With gas averaging about $3 a gallon, that can translate into

Best Buy Quarterly Profit Rises 22 Percent
NewsFactor Network - end televisions, notebook computers, gaming and computer services. Sales declined for older televisions, music and desktop computers. Investors have been watching retailers closely for comments about whether consumers are worrying about the economy

Lazear: Economy doing OK
Boston Herald - D espite a slowing housing market, the economy is performing remarkably well with workers starting to see wage increases, the White House s top economic adviser said yesterday. Edward P. Lazear, chairman of the Bush administration s Council of

Stocks hold on to small gains
WTNH.com - Investors are scrutinizing economic reports to determine if the economy is slowing too fast, a trend that could hurt both consumer and corporate spending. So a report showing slight improvement in the G-D-P was a welcome sign for investors. The

Study: Woods boosting European golf economy by 5 percent
CBS Sportsline - LONDON (AP) -This week’s World Match Play Championship does not pay appearance fees, although it would be easy to justify payment to Tiger Woods based on a new report. Tom Cannon, dean of business at the University of Buckingham, says in his research

Private Sector: Pittsburgh’s economy / Myths vs. realities
Pittsburgh Post-Gazette - The general perception of the Pittsburgh economy is one of stagnation, even decline. Despite a flurry of announcements regarding new large-scale construction projects in the local area, the outlook still appears to be viewed with a mixture of gloom

India s Industry Increases
Industrial Distribution - by Dow Jones Newswires expected industrial output to grow 11.5 percent in July. The growth came on the back of sustained domestic demand and a surge in exports, although many had feared rising oil prices and interest rates could slow the economy.

Stocks post modest advance as oil prices fall
Courier News - Investors have been looking for any direction about the state of the economy, but also have traded with relatively little conviction ahead of the Federal Reserve’s next meeting Sept. 20. St. Louis Fed President William Poole said in a speech Monday

Stocks post modest advance
Herald News - Investors have been looking for any direction about the state of the economy, but have also traded with relatively little conviction ahead of the Federal Reserve’s next meeting Sept. 20. St. Louis Fed President William Poole said in a speech Monday