Article Source: ABC News - AP

Economy Dips at 0.7 Percent Pace in 2Q; better-than-expected pace of 0.7 percent in spring, probably growing now

The economy shrank less than expected in the second quarter as businesses and consumers trimmed their spending at a slower pace, buttressing beliefs that the economy is now growing.

Learn more...

Article Source: CNN

WASHINGTON (CNN) -- President Obama, in an effort to stimulate the economy and support critical research, will announce $5 billion in grants when he visits the National Institutes of Health on Wednesday, according to an administration official.

The money, which comes from Recovery Act funds, is aimed at supporting "12,000 critical research projects -- and tens of thousands of jobs associated with them, ranging from teachers and lab technicians to database managers and scientists," the official wrote in an e-mail.

Learn more...

Article Source: USA Today

Some companies see rehiring wave...

PARIS, Ill. — Inside the Simonton Windows factory here, some workers who are back on the job after being laid off for months believe they are proof that the darkest days of the recession are over."They're saying things are getting better, and people don't seem as worried," says Cammie Hixson, 49, who was laid off for almost four months. "I think the economy has turned around."

General Motors and U.S. Steel are calling thousands of laid-off workers back. Companies also are recalling employees in:

Learn more...

Article Source: CNNMoney

The Dow suffered its biggest point drop ever a year ago -- but also its biggest point gain. Now, stocks are rallying in an orderly fashion. Thank heavens for that.

Learn more...