Archive for January 2009

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The U.S. economy shrank in the fourth quarter of last year as consumer spending recorded the worst slide in the postwar era.

The 3.8 percent annual pace of contraction in the final three months of …

Insurance regulators have denied the life insurance industry’s request to ease rules specifying how much cash they must set aside to absorb potential losses and pay claims, the Associated Press reported.

The rejection came after …

The Distilled Spirits Council of the United States said today that U.S. sales growth of distilled spirits slowed last year. The group said revenues for liquor companies rose 2.8 percent to $18.7 billion in 2008, …