May 13 (Bloomberg) — Retail sales in the U.S. unexpectedly dropped in April for a second month, indicating that rising unemployment is prompting consumers to conserve cash.
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LONDON (MarketWatch) - A deep recession took a turn for the worse in the first quarter of 2009, shrinking the euro-zone economy by a record amount as exports plunged and industrial output took a devastating hit, official data showed Friday. The 16-nation euro zone saw first-quarter gross domestic product shrink by 2.5% …
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May 14 (Bloomberg) — More Americans than forecast filed unemployment-insurance claims last week because of the Chrysler LLC bankruptcy that is likely to reverberate through the economy for months. (read more…)



