Topic: United States

Retiring Baby Boomers give Florida a cold shoulder

MIAMI (Reuters) - Florida just isn't what it used to be for retirees.Meet Patti Keagy, an American Baby Boomer, who is looking at other possible retirement destinations."My mother says her generation and other people that she knew made a mistake. They sold ...

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 ...

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 ...

Citigroup cuts 2011, 2012 global growth view

(Reuters) - Citigroup cuts its global growth forecasts for this year and next, with sharp reductions for the United States, euro zone and United Kingdom, as well as modest cuts for China and India.The brokerage cut its global gross domestic product (GDP) ...

VW's volumes jump in July, no sign growth ending

FRANKFURT (Reuters) - Volkswagen increased vehicle sales in July sharply and said it remained on track for further growth, signaling that economic weakness has so far not had a material impact on its business."The Volkswagen Group is maintaining its growth trajectory with ...
IMF chief Christine Lagarde on Monday warned governments not to slash spending to avoid sparking a new recession and stalling the feeble economic recovery from the 2008 crisis. "For the advanced economies, there is an unmistakable need to restore fiscal sustainability through ...

Greenspan sees negative market take on downgrade

Former US Federal Reserve chairman Alan Greenspan said Sunday he believes the financial markets will react negatively to the downgrade of the US credit rating, and will take "a while" to settle."Considering the momentum in which the market went down over the ...

Minnesota loses AAA rating on Fitch downgrade

NEW YORK (Reuters) - Minnesota lost its top credit rating on Thursday as Fitch Ratings downgraded the state's general obligation bonds one notch to AA-plus, citing the budget impasse.Minnesota's state government has been shut since last Friday, when Democratic Governor Mark Dayton ...
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