http://www.palestineherald.com en-us Copyright CNHI All Rights Reserved. 5 Sat, 07 Nov 2009 00:23:00 +0000 http://www.palestineherald.com/business/local_story_311002411.html http://www.palestineherald.com/business/local_story_311002411.html WASHINGTON (AP) — The unemployment rate has hit double digits for the first time since 1983 — and is likely to go higher. The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing. The rising jobless rate could threaten the recovery if it saps consumers’ confidence and makes them more cautious about spending as the holiday season approaches. Fri, 06 Nov 2009 16:58:00 +0000 http://www.palestineherald.com/business/local_story_310165910.html http://www.palestineherald.com/business/local_story_310165910.html PHILADELPHIA (AP) — The city’s largest transit union said Friday that no progress has been made in contract negotiations, tamping down hopes of an end to a strike that has idled subways, buses and trolleys for four days. Fri, 06 Nov 2009 16:58:00 +0000 http://www.palestineherald.com/business/local_story_310165826.html http://www.palestineherald.com/business/local_story_310165826.html HOUSTON (AP) — The number of rigs actively exploring for oil and natural gas in the U.S. this week has risen by nine this week to 1,078. Thu, 05 Nov 2009 14:18:00 +0000 http://www.palestineherald.com/business/local_story_309141842.html http://www.palestineherald.com/business/local_story_309141842.html WASHINGTON (AP) — Companies across the economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off anytime soon. Thu, 05 Nov 2009 14:17:00 +0000 http://www.palestineherald.com/business/local_story_309141733.html http://www.palestineherald.com/business/local_story_309141733.html WASHINGTON (AP) — President Barack Obama scored two major endorsements for his health overhaul push Thursday and trumpeted the news as House Democratic leaders pushed toward a vote Saturday on far-reaching legislation remaking the U.S. health care system. Thu, 05 Nov 2009 14:16:00 +0000 http://www.palestineherald.com/business/local_story_309141644.html http://www.palestineherald.com/business/local_story_309141644.html WASHINGTON (AP) — Rates for 30-year home loans dipped below 5 percent this week after rising for three straight weeks. Wed, 04 Nov 2009 12:07:00 +0000 http://www.palestineherald.com/business/local_story_308120733.html http://www.palestineherald.com/business/local_story_308120733.html AUBURN HILLS, Mich. (AP) — Chrysler CEO Sergio Marchionne says the automaker is on firmer financial footing as it attempts to revive the company’s sagging fortunes. Tue, 03 Nov 2009 20:17:00 +0000 http://www.palestineherald.com/business/local_story_307201722.html http://www.palestineherald.com/business/local_story_307201722.html SAN ANTONIO (AP) — A group of online travel services companies plans to appeal a $20 million verdict awarded to more than 170 Texas cities in a dispute over hotel occupancy taxes. Tue, 03 Nov 2009 14:59:00 +0000 http://www.palestineherald.com/business/local_story_307150033.html http://www.palestineherald.com/business/local_story_307150033.html DETROIT (AP) — GM reported its first monthly gain in U.S. sales in almost two years while Toyota and Ford also improved, a sign the auto industry it starting to crawl back from a yearlong slump. Mon, 02 Nov 2009 19:31:00 +0000 http://www.palestineherald.com/business/local_story_306193212.html http://www.palestineherald.com/business/local_story_306193212.html DENVER (AP) — Anadarko Petroleum Corp. said Monday its profit plunged during the third quarter, but that sales volume will jump this year even though spending has declined. Mon, 02 Nov 2009 14:11:00 +0000 http://www.palestineherald.com/business/local_story_306141146.html http://www.palestineherald.com/business/local_story_306141146.html HOUSTON (AP) — Enron’s former broadband finance chief received one year’s probation, including nine months’ home confinement, for falsifying company books. Thu, 29 Oct 2009 01:29:00 +0000 http://www.palestineherald.com/business/local_story_302012939.html http://www.palestineherald.com/business/local_story_302012939.html WASHINGTON (AP) — A Colorado company said it created 4,231 jobs with the help of President Barack Obama’s economic recovery plan. The real number: fewer than 1,000.A child care center in Florida said it saved 129 jobs with the help of stimulus money. Instead, it gave pay raises to its existing employees.Elsewhere in the U.S., some jobs credited to the stimulus program were counted two, three, four or even more times.The government has overstated by thousands the number of jobs it has created or saved with federal contracts under the president’s $787 billion recovery program, according to an Associated Press review of data released in the program’s first progress report.The discrepancy raises questions about the reliability of a key benchmark the administration uses to gauge the success of the stimulus. The errors could be magnified Friday when a much larger round of reports is released. It is expected to show hundreds of thousands of jobs repairing public housing, building schools, repaving highways and keeping teachers on local payrolls. Tue, 27 Oct 2009 14:10:00 +0000 http://www.palestineherald.com/business/local_story_300141035.html http://www.palestineherald.com/business/local_story_300141035.html WASHINGTON (AP) — U.S. taxpayers spent about $32 subsidizing the cost of the typical Amtrak passenger in 2008, about four times the rail operator’s estimate, according to a private study. Tue, 27 Oct 2009 14:05:00 +0000 http://www.palestineherald.com/business/local_story_300140611.html http://www.palestineherald.com/business/local_story_300140611.html WILMINGTON, Del. (AP) — Luxury automaker Fisker Automotive is buying a shuttered General Motors assembly plant in Delaware to produce plug-in hybrid electric cars, officials said Tuesday. Tue, 27 Oct 2009 14:05:00 +0000 http://www.palestineherald.com/business/local_story_300140530.html http://www.palestineherald.com/business/local_story_300140530.html DETROIT (AP) — Asian brands again dominated Consumer Reports’ 2009 car and truck reliability survey, but several Ford Motor Co. models were as dependable or better than the industry’s best.