Recession inflicted more damage on economy than previously thought, government data show Jeannine Aversa, AP Economics Writer, On Friday July 30, 2010   The recession was deeper than the government previously thought.   The Commerce Department, in revisions issued Friday, estimates the economy shrank 2.6 percent last year […]

  Oil industry booms; Chevron Corp. 2Q earnings triples on higher fuel prices, refining margins Chris Kahn, AP Energy Writer, On Friday July 30, 2010, 10:45 am EDT     Chevron’s second-quarter earnings tripled on better refining margins and higher prices for oil and natural gas, the company said Friday. […]

  Stocks recover from early losses, fluctuate as investors reconsider second-quarter GDP report Stephen Bernard, AP Business Writer, On Friday July 30, 2010, 11:47 am   Stock prices are fluctuating after investors found some upbeat news in the government’s assessment of the economy during the April-June quarter.   The Commerce […]