July 2009


The stock market is giving up more momentum from its latest rally as new worries about the economy pop up.

Look at the dismal trends county-by-county, stage-by-state, by sector or from an historical view.More than 90 percent of the nation’s largest metropolitan areas saw their unemployment rates climb in June from the previous month.

Ruth Madoff has not been charged in connection with the fraud her husband committed.The trustee overseeing the liquidation of Bernard Madoff’s assets has sued the disgraced financier’s wife, asking for nearly million spent on a “life of splendor.”

The two technology companies have joined forces to directly take on Google's search-engine dominance. CNBC’s David Faber reports. (CNBC)Microsoft Corp. has finally roped Yahoo Inc. into an Internet search partnership, capping a convoluted pursuit that dragged on for years.

The Adversity Index, from Moody's Economy.com and msnbc.com, measures the economic health of 381 metro areas and all 50 statesThe economy is finally beginning to show signs of stabilizing in some areas of the country, bolstering hopes of a broader-based recovery this year.

Tifanni Sterdivant, managing director of Corner Office Management, instructs former convicts George Outland, right, and Ralph Turner. The two begain working for the company through a program run by the Chicago nonprofit Heartland Human Care Services.George Outland had just one requirement when applying for a job: It had to be at a business that didn’t check his criminal background, or didn’t care.

Orders to U.S. factories for big-ticket durable goods plunged in June by the largest amount in five months.

Phil Schlosser, 75, always thought he’d stop working in his mid-60s. But the closer he got to age 65, the more he said he wondered, “Do I really want to retire?”A combination of good health, economic necessity and the other rewards of work are pushing some Americans to stay in the work force long past traditional retirement age.

Jitters about the economy are putting the stock market rally on hold again.

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