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<title>News: Moldova.org: Economics</title>
<link>http://www.moldova.org</link>
<description>Last news - www.moldova.org</description>
<lastBuildDate>Fri, 05 Sep 2008 20:33:43 GMT</lastBuildDate>
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<copyright>© 1997-2008 moldova.org</copyright>
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<title>U.S. markets slide on labor news</title>
<link>http://economie.moldova.org/stiri/eng/147871/</link>
<description><![CDATA[U.S. stock indexes slipped Friday as the government said unemployment jumped to 6.1 percent in August.The jobless figure means fewer consumers are out there spending. Consumer outlays account for two-thirds of the U.S. gross domestic product and are critically watched by investors.   The U.S. Department of Labor said 9.4 million workers were unemployed on a loss of 84,000 non-farm jobs in August, the U.S. Department of Labor reported. The unemployment rate has climbed sharply this year. In February, the jobless rate was below 5 percent.The Dow Jones industrial average, which lost 344 points Thursday, was down 21.17 points Friday, off 0.19 percent, to 11,167.06 in early afternoon trading. The Standard and Poor's 500 fell 5.30 points, or 0.43 percent, to 1,231.53.]]></description>
<pubDate>Fri, 05 Sep 2008 20:09:00 +0300</pubDate>
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<title>Canadian, U.S. jobless rates on par</title>
<link>http://economie.moldova.org/stiri/eng/147870/</link>
<description><![CDATA[Canadian job gains and U.S. job losses brought the countries' jobless rates to the same level for the first time in 26 years, the governments said Friday.Canada's unemployment rate remained steady at 6.1 percent in August as employers created 15,200 jobs, Statistics Canada said. The U.S. jobless rate rose to 6.1 percent, its highest level in five years, from 5.7 percent in July, as employers cut 84,000 jobs, the U.S. Labor Department said.Employment gains in Saskatchewan and Ontario were partially offset by losses in Nova Scotia and Manitoba, Statistics Canada said. Employment was virtually unchanged in the other provinces.Since January, Canada's economy added 87,000 new jobs, an increase of 0.5 percent. Most gains have been in Ontario and the western provinces.]]></description>
<pubDate>Fri, 05 Sep 2008 20:09:00 +0300</pubDate>
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<title>U.S. unemployment jumps to 6.1 percent</title>
<link>http://economie.moldova.org/stiri/eng/147864/</link>
<description><![CDATA[The U.S. employment picture worsened in August with a 0.4 percent jump in the unemployment rate to 6.1 percent, the U.S. Labor Department said Friday.On a loss of 244,000 jobs in the past three months, the unemployment rate has risen quickly. In February, the rate was less than 5 percent.Wages rose marginally in August, up 0.4 percent, the equivalent of 7 cents an hour, the report said.But, the employment picture now includes 9.4 million U.S. workers listed as unemployed.  a number that has increased by 2.2 million -- 1.4 percentage points -- in the past year, the report said.Unemployment gained for adult men from 5.3 to 5.6 percent and for adult women 4.6 percent to 5.3 percent. The unemployment rate for blacks rose from 9.7 percent to 10.]]></description>
<pubDate>Fri, 05 Sep 2008 19:09:00 +0300</pubDate>
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<title>Lehman Brothers considering radical split</title>
<link>http://economie.moldova.org/stiri/eng/147856/</link>
<description><![CDATA[Prominent New York bank Lehman Brothers Holdings Inc. is considering splitting the firm into one healthy and one less-healthy company, sources said.The move would probably require the investment firm to supply the less-healthy bank with $6 billion to $8 billion in equity, The New York Times reported Friday.But, the good bank, bad bank move would allow Lehman to cordon off its troubles in commercial mortgage and real estate loans, which analysts predict have led to third-quarter losses of $5 billion. A split would also put the healthier entity in a better position to raise capital, the Times reported.The move is not unprecedented. In 1988, Mellon Bank created Grant Street National Bank to handle its riskier real estate loans.]]></description>
<pubDate>Fri, 05 Sep 2008 19:09:00 +0300</pubDate>
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<title>UPI NewsTrack Business</title>
<link>http://economie.moldova.org/stiri/eng/147851/</link>
<description><![CDATA[U.S. markets down on labor newsNEW YORK, Sept. 5 (UPI) -- U.S. stock indexes tilted down Friday as the government said unemployment jumped to 6.1 percent in August.The number of unemployed has reached 9.4 million on a loss of 84,000 non-farm jobs in August, the U.S. Department of Labor reported.The unemployment rate hasn't been this high since September 2003 but the steeply accelerated rate of job losses is also a concern. The rate was less than 5 percent in February.The Dow Jones industrial average, which lost 344 points Thursday, was down 81.17 points Friday, off 0.73 percent, to 11,107.06. The Standard and Poor's 500 fell 10.27 points, or 0.83 percent, to 1,226.56. The Nasdaq composite index was off 14.23 points, or 0.63 percent, to 2,244.81.The euro fell to $1.]]></description>
<pubDate>Fri, 05 Sep 2008 18:09:00 +0300</pubDate>
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<title>Altria Group closes in on UST purchase</title>
<link>http://economie.moldova.org/stiri/eng/147848/</link>
<description><![CDATA[A major U.S. tobacco company, Altria Group, is closing in on a deal to purchase UST, makers of Skoal and Copenhagen smokeless tobacco products, sources said.The companies would not comment on the deal, The New York Times reported Friday, but sources said the purchase price for UST would be more than $10 billion.With the rumors of a purchase afloat, UST Chief Executive Officer Murray Kessler's withdrawal from an analysts' conference Thursday caused a quick jump in UST share values, the Times said. When the company said Kessler had been caught in a scheduling conflict, share prices dropped, the Times reported.UST also owns Ste. Michelle Wine Estates, one of the 10 largest wine producers in the United States.]]></description>
<pubDate>Fri, 05 Sep 2008 18:09:00 +0300</pubDate>
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<title>U.S. markets down on labor news</title>
<link>http://economie.moldova.org/stiri/eng/147845/</link>
<description><![CDATA[U.S. stock indexes tilted down Friday as the government said unemployment jumped to 6.1 percent in August.The number of unemployed has reached 9.4 million on a loss of 84,000 non-farm jobs in August, the U.S. Department of Labor reported.The unemployment rate hasn't been this high since September 2003 but the steeply accelerated rate of job losses is also a concern. The rate was less than 5 percent in February.The Dow Jones industrial average, which lost 344 points Thursday, was down 81.17 points  Friday, off 0.73 percent, to 11,107.06. The Standard and Poor's 500 fell 10.27 points, or 0.83 percent, to 1,226.56. The Nasdaq composite index was off 14.23 points, or 0.63 percent, to 2,244.81.The euro fell to $1.4298 from Thursday's $1.]]></description>
<pubDate>Fri, 05 Sep 2008 17:09:00 +0300</pubDate>
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<title>Accounting change could pressure taxes</title>
<link>http://economie.moldova.org/stiri/eng/147842/</link>
<description><![CDATA[An accounting change by U.S. actuaries could dramatically increase contributions needed to cover the cost of public employees' pension funds, analysts said.The American Academy of Actuaries is considering new standards that would require local governments to provide two estimates of returns on investments made on behalf of public employee pension funds, The Washington Post reported Friday.Most municipalities estimate returns on investments at 8 percent, about twice the amount federal regulations permit for private firms, the Post reported.But, the estimate may be too high. The number of public pension budgets considered underfunded jumped fivefold to 40 percent in 2006, compared with 2000, the Government Accountability Office reported.Vallejo, Calif.]]></description>
<pubDate>Fri, 05 Sep 2008 17:09:00 +0300</pubDate>
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<title>Storm area travelers must keep close watch</title>
<link>http://economie.moldova.org/stiri/eng/147841/</link>
<description><![CDATA[Travelers planning a fall vacation in the Caribbean and the Southern United States have to keep a weather eye out for storms, travel experts say.It's hurricane season and will be until November and experts in the travel business caution anyone heading into a tropical country to keep up on weather maps and cancellation clauses in fine print, USA Today said.Resorts have various ways to make up for weather-interrupted vacations.Walt Disney World resorts permit rescheduling or cancellation of packages without penalty though Nov. 30 if the National Hurricane Center issues a warning for the Orlando area. Same goes if a hurricane warning is issued for a guest's home area within a week of arrival.]]></description>
<pubDate>Fri, 05 Sep 2008 17:09:00 +0300</pubDate>
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<title>Crude oil prices stabilize</title>
<link>http://economie.moldova.org/stiri/eng/147838/</link>
<description><![CDATA[Crude oil prices held relatively stable overnight Friday, gaining 18 cents on the New York Mercantile Exchange to $106.48 per barrel.The volatile commodity dropped $3.05 per barrel Thursday, as analysts predict oil will soon fall to less than $100 per barrel mark.Heating oil prices also dropped overnight, falling 0.0451 cents to $2.9786 per gallon. Reformulated gasoline prices fell 0.0394 cents to $2.701 per gallon, while natural gas prices rose slightly, up 0.038 cents to $7.36 per million British thermal units.At the pump, U.S. motorists were paying an average of $3.674 for a gallon of regular, unleaded gasoline, down slightly from Thursday's $3.678, the AAA said. Gasoline price have fallen from a peak of $4.114 on July 17 but remain well above the price of $2.]]></description>
<pubDate>Fri, 05 Sep 2008 16:09:00 +0300</pubDate>
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