Topic: Recessions And Depressions

LVCVA boss in line for pay raise

It would be Ralenkotter's first since 2007The Las Vegas Convention and Visitors Authority's compensation committee is recommending a 4 percent raise and a 12.5 percent bonus for the organization's president and CEO, Rossi Ralenkotter.That would be a $10,238 increase in Ralenkotter's annual ...

Washington D.C. economy feels chill as budget cuts loom

WASHINGTON (Reuters) - Washington was long buffered from the Great Recession because of steady federal spending, but fears about budget cuts are putting the brakes on the economy of the nation's capital.The culprit for the slowdown in the seventh-biggest U.S. metropolitan area ...

Intercontinental Hotels revenues rise in America

LONDON (Reuters) - Intercontinental Hotels Group , the world's biggest hotelier, reported higher revenue growth at its American operations and said customer demand had remained strong despite the global economic slowdown."The U.S. industry experienced record levels of room night demand in the ...

Asia's growth to slow in 2012, no China crash seen: Reuters poll

SINGAPORE (Reuters) - China's economic growth will probably cool next year to the lowest annual rate in a decade, setting the pace for an Asia-wide slowdown as global demand fades, a Reuters poll released on Thursday showed.But economists saw little risk of ...

Unemployment rockets to 17-year high

Britain's jobless total has hit a 17 year-high, stoking fears of a new recession and denting government hopes that the private sector can compensate for massive cuts in state jobs.The number of jobless people jumped to 2.57 million in the three months ...

British unemployment rockets to 17-year high

Britain's jobless total has hit a 17 year-high, data showed Wednesday, stoking fears of a new recession and denting government hopes that the private sector can compensate for massive cuts in state jobs.The number of jobless people jumped to 2.57 million in ...

US Senate rejects Obama jobs bill

In a blow to President Barack Obama, the US Senate effectively killed a jobs bill at the heart of his efforts to turn the sour economy around in the run up to the November 2012 elections.Lawmakers voted 50-49 to advance the $447 ...

Insight: New bankruptcy ripples may emerge in tough economy

(Reuters) - Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.Companies in a range of businesses, including ...

OECD indicators paint dark picture of global economy

PARIS (Reuters) - The outlook for the world's major economies is continuing to darken according to the latest data from the OECD published on Monday, which showed sharp falls in leading indicators for all countries except Japan.The Paris-based Organization for Economic Cooperation ...

Fiat-Chrysler CEO: euro system could derail

FRANKFURT (Reuters) - The euro single-currency system could be derailed unless European leaders resolve the debt crisis, a situation that has already prompted Fiat SpA and its affiliate Chrysler Group LLC to examine the timing of vehicle introductions, Fiat's CEO said on ...