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New housing starts surge 15% in September — best level since ’08

October 17, 2012 |

WASHINGTON — New residential construction starts surged 15% in September to their highest annual rate in more than four years, as the housing sector continued to show signs of a burgeoning rebound.



L.A. Times – Business

SBA-backed lending rises to record level in Western region

October 11, 2012 |

Firms in the Small Business Administration region that includes California borrowed $ 6.7 billion in loans backed by the agency in the last fiscal year.

Small businesses in the Western region that includes California took out more U.S.-backed loans than ever during the government’s last fiscal year, but they didn’t spend much of it in a way that generated new jobs, analysts said.



L.A. Times – Business

Gasoline Prices Spike to Record Level in California – Wall Street Journal (blog)

October 7, 2012 |

Wall Street Journal (blog)

Gasoline Prices Spike to Record Level in California
Wall Street Journal (blog)
By Jonathan Welsh Gasoline prices soared to a new record today in California. The average price for a gallon of regular gas in the state totaled $ 4.61, which is a jump of 12 cents from yesterday, according to AAA's Daily Fuel Gauge report.
Calif. gas price sets record, tops $ 4.61San Francisco Chronicle
Gas prices set a record in CaliforniaLos Angeles Times
California gas prices hit all-time high as average soars to $ 4.61 a gallonFox News
Reuters –Bloomberg –New York Times
all 2,297 news articles »

Business – Google News

Jobless Rate Falls to 7.8%, Lowest Level of Obama’s Term – New York Times

October 5, 2012 |

New York Times

Jobless Rate Falls to 7.8%, Lowest Level of Obama's Term
New York Times
The nation's unemployment rate dropped sharply to 7.8 percent in September, its lowest level since the month President Obama took office, the Labor Department said Friday. While employers added only a modest 114000 jobs last month, the jobless rate
BLS Explains Why 'Cooked' Jobs Report Charge is 'Preposterous'CNBC.com
Pols Respond to Jobs ReportABC News
Job numbers push Romney to try a new argument against Obama's economic policyWashington Post
Reuters –Los Angeles Times –The Guardian
all 2,917 news articles »

Business – Google News

U.S. home price index reaches highest level in almost 2 years

September 25, 2012 |

The Standard & Poor’s/Case-Shiller index of home values in the 20 largest U.S. cities showed prices rose 1.6% in July from June and 1.2% from a year earlier.

WASHINGTON — Home prices in the nation’s biggest cities have risen to their highest level in nearly two years, according to the housing market’s leading index, indicating that a strong summer selling season has helped put real estate on its most stable ground since crashing five years ago.



L.A. Times – Business

Stocks soar to highest level in over four years

September 7, 2012 |

Spike happens as investors celebrate a bond-buying program in Europe aimed at containing the region’s debt crisis. Signs of improvement in labor market also boosted stocks. 
NBCNews.com: Business