State may avoid economy woes 58 min ago | Add a comment A panel of research economists confirmed Monday what many local economists had been saying for weeks: The U.S. economy is in a recession. However, Oklahoma’s economy remains in better shape...

In Brief 58 min ago | Add a comment J&J to buy Mentor Corp. In a move to become a major player in cosmetic and reconstructive surgery, health care products company Johnson & Johnson said Monday it will buy cosmetic-product...

TECH BYTES: ‘Stim-novation’ needed for 2009 1 hr ago | Add a comment NATION ‘Stim-novation’ needed for 2009 WASHINGTON — When Congress drafts an economic stimulus plan for 2009, it should focus its spending on technological innovation, economists...

Stocks fall sharply on consumer spending worries 7 hr ago | Comments 2 NEW YORK (AP) - A litany of bad economic news has snuffed out Wall Street's five-day rally, sending stocks falling sharply as investors realized anew how troubled the U.S. economy really is....

It's official: U.S. in recession since December 2007 10 hr ago | Comments 12 WASHINGTON (AP) - A panel of the National Bureau of Economic Research says the U.S. economy fell into a recession last year. The NBER says its group of academic economists who determine...

4 new reports reveal battered U.S. economy Wed, Nov 26, 2008 | Comments 3 WASHINGTON -- The government released a quartet of reports Wednesday that paint a bleak picture of the nation's economy: Jobless claims remain at recessionary levels, Americans cut back on their...

Obama names Volcker to head new econ advisers Wed, Nov 26, 2008 | Comments 1 CHICAGO -- President-elect Barack Obama is naming a board of economic experts from outside the government to advise him, in his latest bid to reassure nervous consumers and financial markets that...

Massive new programs aimed at loosening credit Tue, Nov 25, 2008 | Add a comment WASHINGTON — Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit...

Report means more bad news for U.S. economy Tue, Nov 25, 2008 | Add a comment WASHINGTON — Bad news was no news to the battered American economy on Tuesday. The government released a triple dose of discouraging data: The economy shrank over the summer even more than...

Economy shrinking, home prices dropping Tue, Nov 25, 2008 | Comments 2 WASHINGTON -- The economy took a tumble in the summer that was worse than first thought as American consumers throttled back their spending by the most in 28 years, further proof the country is...

Government announces new loan programs Tue, Nov 25, 2008 | Comments 1 WASHINGTON -- The Federal Reserve says it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis. The Fed says it will purchase up to $100...

Obama seeks stimulus bill Mon, Nov 24, 2008 | Comments 2 CHICAGO — Looking almost like a co-president, Barack Obama cited an "economic crisis of historic proportions” Monday, conferred with the man who’s still in the White House...

Obama to name economic team Mon, Nov 24, 2008 | Add a comment WASHINGTON -- President-elect Barack Obama is rolling out an ambitious economic vision likely to cost far more than the $175 billion he proposed in his campaign, hoping the new Congress will...

Government plans massive Citigroup rescue effort Mon, Nov 24, 2008 | Comments 12 WASHINGTON -- Rushing to rescue Citigroup, the U.S. government agreed to shoulder hundreds of billions of possible losses at the stricken bank and to plow a fresh $20 billion into the company....

Financial cold spell may heat up music Fri, Nov 21, 2008 | Add a comment No one likes an economic downturn, but the music is amazing. This is not a call for continued fiscal crisis, but history points to a correlation between cold economies and hot music. Let’s...

Economy may deter Mexican migration Fri, Nov 21, 2008 | Comments 2 MEXICO CITY — Mexican emigration has dropped 42 percent over the last two years, a government study released Thursday showed. The fall confirmed America has become less appealing amid an...

Treasury capital plan may help Oklahoma bank Fri, Nov 21, 2008 | Add a comment The parent of Stillwater National Bank & Trust Co. plans to participate in the U.S. Treasury’s voluntary Capital Purchase Program aimed at building capital in U.S. financial institutions....

Perino: Bush would sign jobless benefits extension Thu, Nov 20, 2008 | Comments 6 WASHINGTON -- With weekly jobless claims benefits at a 16-year high, the White House said Thursday that President George W. Bush would quickly sign legislation pending in Congress to provide...

Jobless claims across the United States jump unexpectedly to 16-year high Thu, Nov 20, 2008 | Comments 8 WASHINGTON -- New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday, providing more evidence of a rapidly weakening job market expected to get...

Dow plummets again amid automaker woes Thu, Nov 20, 2008 | Add a comment NEW YORK — Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve...