Below you’ll find the latest economic news headlines. You can access business news in a variety of other categories here.
Yahoo!
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AP - President Barack Obama has chosen one of his longtime economic advisers, Austan Goolsbee, to be the chairman of his Council of Economic Advisers, a White House official said.
- Reuters - China's imports leapt in August, boding well for a strengthening of domestic demand in an economy that has become a major driver of global growth. -
Reuters - President Barack Obama has chosen Austan Goolsbee as the new head of the White House Council of Economic Advisers, U.S. administration officials said on Thursday, promoting a longtime adviser from his inner policy circle.
- AP - Japan's economy wasn't quite as weak in the second quarter as first thought but faces a murky outlook, the government said Friday as it unveiled a new $11 billion stimulus package. -
AFP - US President Barack Obama has chosen Austan Goolsbee, an economics professor currently working in his administration, to chair the Council of Economic Advisors, an official said.
FOXBusiness.com
- Japan govt: economy still picking up but risks rising - Japan Unveils $10.9 Bln Stimulus Package - China's imports leap, cutting trade surplus - Equity inflows pick up, but cash allocations grow-EPFR - TABLE-China's economic indicators - Sept 10
CNNMoney.com
- It will be at least five years before health car reform triggers a sustained slowdown in the pace of spending, according to new government estimates released on Thursday.
- In an effort to end the controversy surrounding a proposed Islamic center in lower Manhattan, real estate mogul Donald Trump has offered to buy the property at a 25% premium.
- The number of jobless Americans filing for unemployment insurance fell last week to the lowest level in nearly two months, a government report released Thursday showed.
- The nation's trade gap fell sharply in July, reducing a major headwind for U.S. economic growth and quieting some fears of a double-dip recession.
- A new government report quantifies the rise in health care spending due to the nation's growing obesity problem, but says that costs would rise even if America lost weight.