Recession hits patent filings in US; fall 2.3% in `09

The financial crisis has not only rattled the US economy but seems to have also choked innovations among the Americans, with patent filings declining for the first time in over a decade, in 2009.

Obama`s approval rating drops below 50% for 1st time

Notwithstanding high marks for his just announced Af-Pak policy, the approval rating of the US President Barack Obama has dropped below the 50 percent mark, the first time since he entered the White House.

Wall Street hits fresh 2009 highs on upbeat jobs data

US stocks surged to their best levels of the year after a much-awaited July jobs report was better than expected, signaling a likely turnaround in the long and painful recession.

Worst over for US but recovery to be slow: IMF

The sharp contraction in the U.S. economy "seems to be ending" but recovery will be slow with risks still looming from the weak labor and housing markets, the International Monetary Fund said on Friday.

US recession may be easing, but job market weak

The American economy may be heading out of the woods with new government numbers showing signs of easing recession laying the groundwork for growth in the months ahead.

Fed able to foil inflation when time comes: Bernanke

Federal Reserve Chairman Ben Bernanke said the huge amounts of money the US central bank has pumped into the economy will not undercut its ability to push borrowing costs higher when the time is ripe.

US recession easing but likely not over: Survey

The US recession`s grip on the economy appears to be easing but likely has not yet ended, according to a survey of economists released on Monday.