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Hundreds of thousands lose power in the Gulf
AP - Three years after being punished by Hurricane Katrina, utilities along the Gulf of Mexico were buffeted by 110 mph plus winds from Gustav with customer outages topping 500,000 and growing.
Construction spending fell 0.6 percent in July
AP - Construction spending took a bigger-than-expected tumble in July as housing activity dropped to the lowest level in seven years and nonresidential activity fell for the first time in seven months.
Factory orders see wide gains led by aircraft
AP - The government says orders to U.S. factories rose by a larger-than-expected amount in July as demand for commercial aircraft, heavy machinery and iron and steel all posted solid gains.
ECB, BoE expected to leave interest rates steady
AP - The European Central Bank and Bank of England will likely leave interest rates unchanged on Thursday as they face mounting inflation and slowing growth.
Summary Box: Unemployment hits 5-year high
AP - THE LATEST: The nation's unemployment rate zoomed to a five-year high of 6.1 percent August and employers slashed jobs for the eighth month in a row.
Consumer borrowing slows to weakest in 7 months
AP - Borrowing by consumers slipped in July to the weakest pace in seven months, reflecting a big slowdown in demand for car loans.
Fed auctions another $25 billion in loans to banks
AP - The Federal Reserve has auctioned another $25 billion in loans to squeezed banks to help them overcome credit problems.
Japan's core machinery orders fall in July
AP - A key barometer of corporate capital spending in Japan fell for the second consecutive month in July, suggesting that manufacturers are bracing for slower demand in the months ahead.
Jobless claims drop slightly, trade gap surges
AP - New applications for unemployment benefits fell less than expected last week, the U.S. government said Thursday, as the struggling economy continues to take a toll on workers.
USDA cuts estimates for corn, soybean harvests
AP - The Agriculture Department on Friday reduced its forecast for this year's corn and soybean harvests due to dryer weather, potentially leading to higher commodity prices.
Output drops worse-than-expected 1.1 percent
AP - Government data show the nation's industrial output plunged in August by nearly four times the amount that had been expected. It's the worst performance since Hurricane Katrina devastated the Gulf Coast in 2005.
Fed leaves key rate unchanged
AP - The Federal Reserve kept a key interest rate unchanged Tuesday, saying that strains in financial markets have 'increased significantly' but that it would keep an eye on them and act, if needed.
Housing construction plummets 6.2 pct. in August
AP - Construction of new homes and apartments fell to the lowest level in 17 years last month, showing the country is still gripped by a severe housing downturn that has triggered billions of dollars of losses and is reshaping the structure of U.S. finance.
Jobless claims rise due to Hurricane Gustav
AP - New applications for unemployment benefits rose unexpectedly last week due to the impact of Hurricane Gustav, the government said Thursday.
Durable goods orders drop 4.5 percent in August
AP - Orders for big-ticket manufactured goods plunged in August by the largest amount in seven months as demand for both airplanes and autos fell sharply.
Economy's spring rebound was bit less energetic
AP - The economy's spring rebound turned out to be slightly less energetic than the government previously thought. And, the road ahead is likely to be rocky as the country gets pounded by the worst financial crisis in decades.
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