Your Daily digest for Economy, Government & Policy News and Information on Yahoo! Finance

Economy, Government & Policy News and Information on Yahoo! Finance
Economy, Government & Policy News and Information on Yahoo! Finance
Government launches investigation into two Serco, G4S contracts May 18th 2013, 01:14
LONDON (Reuters) – The government said on Friday it had hired a team of auditors to investigate whether it was overcharged on two contracts with outsourcing firms Serco and G4S. The Ministry of Justice …

Hedge funds back to selling gold after propping market a month ago May 17th 2013, 23:29
By Barani Krishnan NEW YORK (Reuters) – Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the …

Hedge funds selling gold after propping market a month ago May 17th 2013, 22:55
Hedge funds selling gold after propping market a month agoHedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had supported the precious metal amid a record tumble in …Media files:
Wiener Philharmoniker gold coins are pictured at the Ginza Tanaka store in Tokyo (image/jpeg)

Falling yen to make Japan’s goods more affordable May 17th 2013, 22:30
Falling yen to make Japan's goods more affordableAttention, bargain-hunters around the world: Japanese goods — from cars to televisions — are going on sale. Credit Japan’s drive to pump cash into its economy to stimulate growth. The extra money flooding …Media files:
Falling yen to make Japan’s goods more affordable (image/jpeg)

Unemployment rates drop in most states, Illinois climbs May 17th 2013, 22:22
Unemployment rates drop in most states, Illinois climbsUnemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful of states, including …Media files:
Job seekers stand in line to meet prospective employers at a career fair in New York City (image/jpeg)

Analyst pegs revenue $3.2B higher than Gov. Brown May 17th 2013, 22:09
The state’s independent budget analyst said Friday that California will take in $3.2 billion more in tax revenue than Gov. Jerry Brown estimated, providing Democratic lawmakers an argument to funnel more …

Obama budget cuts deficit $1.1 trillion over decade – CBO May 17th 2013, 22:08
Obama budget cuts deficit $1.1 trillion over decade - CBOBy David Lawder WASHINGTON (Reuters) – Near-term U.S. deficits under President Barack Obama’s 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but $1.1 …Media files:
U.S. 100 dollar notes are seen at a bank in this picture illustration in Seoul (image/jpeg)

The biggest mistake 60-year-old men make about the economy May 17th 2013, 22:05
I checked, and re-checked, and triple-checked, and I can confirm that it’s not 1979 anymore. Now, that shouldn’t be too surprising—I’m not writing this on an Apple II, after all—but it is to a generation …

Obama Exaggerated Spending And Deficit Cuts In His Budget May 17th 2013, 21:45
All Business Briefs

CBO: Obama budget cuts deficits $1.1T by 2023 May 17th 2013, 21:40
President Barack Obama’s budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress’ …

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