Geithner presses case for reform

In the current crisis, abating as the economy improves, the government was forced to step in and stand behind all of these firms. That cannot happen again, Geithner told members of the House Financial Services Committee.

U.S. markets turn up on GDP news

It was the first rise in the nation's economic output since the second quarter of 2008 and better than expected. The consensus forecast called for a rise of 3.2 percent.

Growth report signals end of recession

Forecasters had predicted growth of about 3.2 percent in the quarter ending Sept. 30, driven largely by federal stimulus spending and increased business investment. The Los Angeles Times reported that the economy has contracted for four consecutive quarters but growth in the most recent quarter suggests the worst recession since the Great Depression has passed, economists said.

States fear end of stimulus funds

It's hard to imagine what happens when (federal) stimulus money runs out, Craig Thiel, a budget expert at the Citizens Research Council of Michigan told USA Today.

Canadian average weekly pay up to $828

Although the average weekly income rose marginally from $824 in July, payroll employment fell 0.8 percent, or 110,200 jobs in August, the agency said.

Canadian average weekly pay up to $828

Although the average weekly income rose marginally from $824 in July, payroll employment fell 0.8 percent, or 110,200 jobs in August, the agency said.

U.S. markets turn up on GDP news

It was the first rise in the nation's economic output since the second quarter of 2008 and better than expected. The consensus forecast called for a rise of 3.2 percent.

States fear end of stimulus funds

It's hard to imagine what happens when (federal) stimulus money runs out, Craig Thiel, a budget expert at the Citizens Research Council of Michigan told USA Today.

Growth report signals end of recession

Forecasters had predicted growth of about 3.2 percent in the quarter ending Sept. 30, driven largely by federal stimulus spending and increased business investment. The Los Angeles Times reported that the economy has contracted for four consecutive quarters but growth in the most recent quarter suggests the worst recession since the Great Depression has passed, economists said.

Quebec to buy out New Brunswick power

The deal would erase the New Brunswick utility's $4.8 billion debt and open the doors for Quebec to export electricity to northeastern U.S. states, the newspaper said.

Crude oil price climbs overnight

The U.S. Energy Information Administration said Wednesday that crude oil inventories remain above the upper limit of the average level for this time of year. Crude oil stockpiles added 0.8 million barrels to reach 339.9 million barrels in the week ending Oct. 23.

First time jobless claims drop slightly

The 530,000 initial benefits claims contributed to a four-week rolling average of 526,250, a decrease of 6,000 from the previous week's rolling average of 532,250.