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Service sector shrinks less than expected in June (AP)

AP - A trade group's measure of the health of the U.S. services sector contracted less than expected in June, reaching its highest level in nine months.

World Bank tells G8: 2009 remains dangerous year (Reuters)

Reuters - The Group of Eight nations should not presume a global economic recovery is near, World Bank President Robert Zoellick said in a letter to G8 host Italian Prime Minister Silvio Berlusconi obtained by Reuters on Monday.

AP analysis: Economic stress up in much of nation (AP)

AP - California, Michigan and South Carolina suffered the most financial pain in May as unemployment, home foreclosures and bankruptcies rose, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties.

Oil prices slide on US economy concerns (AFP)

AFP - Oil prices fell sharply on Monday, extending heavy losses seen last week caused by poor jobs data in the United States, the world's biggest energy-consuming nation.

China officials call for displacing dollar, in time (Reuters)

Reuters - The financial crisis has laid bare defects in the dollar-led global economy and the world should look to displace the U.S. currency, even if that will take many years, Chinese officials said in comments published on Monday.

Obama faces economically delicate summer (AP)

AP - Politically and economically, the next three months are critical for Barack Obama's presidency.

China reassures on dollar debate before G8 (Reuters)

Reuters - France and Russia on Sunday urged a debate about the world's reserve currencies, but China said the dollar would keep its pre-eminence for "many years to come."

Finally, charting the recovery's course (Reuters)

Reuters - If the majority of Wall Street economists are right, the U.S. recession will end this quarter and the global recovery won't be far behind.

Biden predicts more jobs because of stimulus money (AP)

AP - The Obama administration "misread" the depth of the economic troubles it inherited and still expects more new jobs in the long term as the spending pace from the $787 billion stimulus plan quickens, Vice President Joe Biden said.

White House does not favor second stimulus now: Biden (Reuters)

Reuters - President Barack Obama and his advisers do not favor second stimulus package now to cut the highest U.S. unemployment rate in nearly 26 years, Vice President Joe Biden said in an interview aired on Sunday.

Downturn dating: Hearts flutter as markets stutter (AP)

AP - Credit the recession for "staycations" and bringing us more game-night parties at home. But also give it a shout for spurring more first dates.

Dollar discomfort thrust onstage for Italy summit (Reuters)

Reuters - World leaders are bound to express the hope that the worst of the global economic crisis is passing when they meet this week, but they are now under pressure, too, to manage a Chinese challenge to dollar supremacy.

Returning Asians to fill talent gap, boost innovation (Reuters)

Reuters - "Go East" is a message being heeded by many Asian professionals in the United States and Europe who see brighter job prospects in a region that is expected to outperform the rest of the world for economic growth.

Schwarzenegger signals key budget concession (Reuters)

Reuters - Governor Arnold Schwarzenegger, optimistic California can finish its budget negotiations in a few days, is willing to reconsider his proposed cuts to education in hopes of averting a cash crisis, the San Francisco Chronicle said on Saturday.

Small town America pins hopes on West trade route (AP)

AP - For Joe Kiely, the drone of thousands of trucks passing his Colorado plains town signals economic prosperity.

Cheap, easy dates for those hoping to get serious (AP)

AP - A date doesn't need to break the bank, especially as potential partners are increasingly likely to value substance over style during the recession.

ALL BUSINESS: Cash is king for investors (AP)

AP - That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy.

Obama calls for reform in Independence Day address (AFP)

AFP - US President Barack Obama urged Americans, who celebrate Independence Day Saturday, to implement broad economic and social reforms, expressing confidence the country will be able to overcome the challenges it is facing.

Canada finance minister says unemployment to rise (AP)

AP - Canada's finance minister said Friday that the country's economic recovery will likely be modest and job losses will mount into 2010 even after growth has begun.

Job seekers seek solace with fellow faithful (AP)

AP - Her fellow job seekers offer knowing groans as Diane Castro recalls the day she was laid off: The fear of being summoned to the front office. The phones in nearby cubicles going off like grenades. Finally, a ring at her desk.

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